Faber Says Greece Needs Debt Writedown of as Much as 50%

[Bigbleachy]

@SIGN666

I see that people are always saying that "Americans need to riot". There are many different, very different groups that protest the working of the government and they aren't all radicals. Most of them won't be anarchists and communists, unlike Europe. Fiscally, America's in the same boat, but politically, there is a major chance that the anarchists won't be doing most of the rioting.

[balkesen3]

i can bail out a greek family if anyone of them is interested, would mean i own them for life though lol lol lol.

oh im a turk BTW.

[GenerationFN]

hEY, maryam is really hot !!!

i used to watch her on bloomberg, but she never wears short dresses, why????

i want to see her beautiful legs :)))

[wingsmanx5]

China just invested some money in Greece, hopefully can give some help, wishing Greece is alright.

[pretorious700]

Bloomberg has the hottest news babes.

[fal2grace]

@pretorious700 they do hire attractive women:)

[cjellwood]

since when have sovereign countries had their economics scrutinised by a credit rating agency called 'Faber' ? lol

[LakedemonP]

If Greece gets out of EU then the Balkans will follow.Then the economic play will target Spain and Portugal.After that Ireland,Italy,England and many more.You forget that Greece has a debt of 310 billion euros only.If you see the debt of half of EU or USA or Japan it's tiny.Greece is not the problem.The economic sharks is problem.You have to understand that.The simple truth is that our goverments wants a global economic goverment.That meens that they want everybody to become economic slaves.

[fal2grace]

@SIGN666 yes I think so too.

[groterichard]

@SIGN666 Americans cant

[sakal88]

@Veltanschaung true that

[k3304]

give the Greek's another week's vacation and a big fat pension. The socialists version of the Tea Party.

[messenator]

no german money for greece korruption !!!

[1mealperday]

seems the rating agencys are not innocent but our allowed to continiou.One hand washes the other.

[mcgrawtim123]

My daughter needs a debt writedown of at least 75%.

Where does it all end?

Thanks for posting. Faber is starting to grate on my nerves...no reason.

[Veltanschaung]

@SIGN666

Taxpayers all over the world should riot to send GOLDMAN SACHS/SOROS thugsters to jail for the next 50 years! Confiscate their derivatives accounts

[Veltanschaung]

Marc Faber is an asshole the size of GOLDMAN SACHS' derivative accounts. You're a jerk and an ignoramus Faber if you don't know the real cause of this disaster. In 1998 Brooksley Born, head of CFTC, warned the idiots Greenspan,Rubin,Geithner, and barking dog Summers to REGULATE the goddam Derivatives! She resigned. Watch her now grill those morons who've destroyed the damn WORLD economy.

FABER, YOU'RE AN IGNORANT ASSHOLE!

[sakal88]

fuck greece

[Veltanschaung]

@sakal88

Screw Faber and the Goldman Sachs Wallstreet Pigs!

[doc7474]

@Veltanschaung I don't believe Mr. Faber is condoning a writedown. He merely says that in order for Greece to be able to payback the money they need a writedown. He is a is a free market man who believes in letting bad countries/companies fail.

[byJessCh]

@sakal88 no, fuck you

[eliasmouawad]

Search for

"MARC FABER MADNESS"

[12mozzofull]

There all like a big bunch of fucking children! fighting and protesting does absolultey nothing apart from create more hospital beds!

[CROldon]

@SIGN666 i was thinking the same, only within the UK. Here in britain were like america, we riot in smalll groups and then get owned.

them greek know how to protest!

This is the final battle between greece and the controlled Eurozone

Its now or never greece, fight for freedom!

FUK THE ELITE

KILLuminati!

[fal2grace]

@SIGN666 I think so too. thanks.

[ar4216]

@fal2grace

I agree. But Americans are too scared of our government and too respectful of authority. So we'll just keep watching the idiotic box (tv) and getting fat and worry about who is gonna win American Idol. This country is fucked. I applaud the Greeks for standing up for their freedom.

[iknownothingnow]

50% Writedown. That will hurt the pension funds of Germany. And it will hurt companies like Aflac (the duck insurance company).

I can just hear the quacking in congress. And congress will talk to the IMF.

Before this is over - the US will paying for Greek debt.

[fal2grace]

@iknownothingnow gosh I hope not but you're probably right

[iknownothingnow]

@fal2grace This was brought up in congressional hearing between Ron Paul and Ben Bernanke. The CNN video shows Mr. Paul asking Bernanke WHY the U.S. is loaning HUNDREDS of BILLIONs of $ to the IMF.

You would think we have so much money we can give to everyone. That is, except to those that lost jobs because of the banksters. Can't help them. But we can sure help the IMF.

[donniebrasco24]

she has nice pouty lips....hmmm

[fal2grace]

@donniebrasco24 LOL..why do you guys insist on critiquing the female reporters? have a great weekend:)

[donniebrasco24]

@fal2grace its not a critique my friend, its a compliment.... hehe

[fal2grace]

@donniebrasco24 ok, I'll be honest...I was thinking the blouse is pretty. LOL (we're all superficial)

[Airave]

She looks so soft, silky and....

She cuts him off easily, though

(gotta watch that clock!).

Anyways... want rid you Garden of weeds?

Gotta pull out the Roots and poison the Seeds.

[fal2grace]

@Airave soft and silky? LOL

[Airave]

@fal2grace Well, I'm a guy....

Meby it's the shirt, hehe, I dunno!

But I know that is just the outside.

Soft and Silky on the outside,

tooth/heart-breaking hard on the inside!

I think she reminds me of someone...

from the looks. Better shut up now, hehe!

*tries to pull foot from mouth*

[fal2grace]

@Airave *laughs, shakes head, and walks away* :)

[Airave]

@fal2grace You know I'm just joking!

Come on, give me some credit! Lol! ;p

[fal2grace]

@Airave ok just the smallest bit:)

[Airave]

@fal2grace I think we are being intentionally

manipulated by "sexiness", which I tried, subtly,

to imply in my original post. It is blatant and

deserves scrutiny, in my opinion. That we

desire to "feel-her-up" is is in no way accidental.

Be happy some of us understand and are able

to think beyond that!!! Hugs! :)

[fal2grace]

@Airave you're probably right.

[skybirdbird]

no problems are solved...their just postponed until the ultimate crash.....yep...:-(

[fal2grace]

@skybirdbird i'm thinking italy gets downgraded next:) it's the only PIG left i think

[skybirdbird]

@fal2grace time for a pig roast?

[fal2grace]

@skybirdbird yep, i'll bring the potato salad:)

[Airave]

@skybirdbird Solving problems will be

the newest fashion all over the world!

Best to You!

[CTOL1]

Gezz Louise Money for nothing and chicks for free?

Hey, anyone getting this silly message when trying to post?

(You have recently posted several comments.

Enter the text in the image to continue posting.)

then need to enter a matching word in a 'lil box? WTF 4 days now it has been like this on my end

Peace

[skybirdbird]

@CTOL1 yes....for EVERY COMMENT! they are trying to (and are) slowing us down...

[fal2grace]

@CTOL1 yep ... same for me...have to do the code thingy on every comment...

[Airave]

@fal2grace Gremlins! ;P

[fal2grace]

@Airave they love our group, don't they? lol

[Airave]

@fal2grace Lol, who wouldn't? :D

Btw, I got that (just) once last night,

even though I haven't made that

many posts the last couple days...

Nice W/E, Debs!

[fal2grace]

@Airave you too:)

[workwillfreeyou]

How can Greece benefit from this common currency? 1) Its designed for international movement of goods. Greece needs to stop the flow of foreign goods into its country. 2) Greece looses control over its own government-as who ever controls the most money has the most control. Nations out side of Greece now have higher priority over thier own citizens.

[fal2grace]

@workwillfreeyou thanks!

[workwillfreeyou]

The common sense thing to do for Greece would be drop out of the Euro. Cut back on consumption. Default on all foreign loans. And stop importing goods. I think that's what the U.S. is going to have to do if they want a recovery.

[fal2grace]

guys, i've gotta do a bunch of work...be back later:)

[justjacqueline2004]

At last a realisation of solvency crisis not a credit crisis.Thanks.

[fal2grace]

@justjacqueline2004 thank you

[Raycheetah]

Greece is unwilling to do what would be required in terms of austerity measures (how DARE their creditors demand some responsibility?), so they can't exactly hold their hand out. Greece needs to go, and probably some of the other PIIGS will have to follow. ='[.]''=

[fal2grace]

@Raycheetah yep, the other PIIGS are following

[axionication]

German politicos have two choices: a) Bail Greece out & soon have to bail their own banks out when Greece eventually & regardlessly defaults. b) Cut Greece loose & bail their own banks out when Greece immediately defaults. German politicians realise that this is the thin end of a wedge & that their voter-clients will destroy them if they throw money at Greece.

Germany has the relatively stronger hand, they very well may call the financial systems(& Euros) bluff- a huge call.

[fal2grace]

@axionication ...and the Greek people are starting to riot so they have to take that into consieration as well

[joel1923]

@fal2grace No more money...tough.  Let them riot...

[axionication]

@fal2grace

The Greek authorities need to take this into consideration. There is no unified they- the union is a myth. German politicians will take their own people into consideration; weigh options up & then decide. Greek politicians are hanging out hoping Germany folds her hand. I would not be too sure.

[fal2grace]

@axionication me neither

[debtruth1]

and why did goldman sachs underwrite greek bonds? they should be on the line.....faber is right.

[fal2grace]

@debtruth1 yes...gs should be taken to task on this. have a great weekend dear.

[debtruth1]

@fal2grace of course the abacus deal is overshadowing the greek bond situation - and the current greek situation is overshadowing the abacus hearing. clever.

[fal2grace]

@debtruth1 now you see it, now you don't:)

[debtruth1]

@fal2grace thank goodness for their pals in the msm! :)

[fal2grace]

@debtruth1 lol...hey justice dept just said it's starting CRIMINAL investigation of goldman:)

[debtruth1]

@fal2grace excellent - trying to get a vid up for 2 night

[fal2grace]

@debtruth1 cool beans:)

[StandUp555]

Nice to hear some Plain Common Sense for a change .

Faber is right ... just a pity he didn't mention who the biggest Bond holders are.

( French & German banks IIRC )

[fal2grace]

@StandUp555 yep the french and germans are up to their collective necks in this

[joel1923]

Time to cut the Greeks lose. The Greeks have sucked on the northern tit for long enough.

[fal2grace]

@joel1923 good point...thanks