Greek and Cypriot banks to shore up the Greek
bond market by buying those rolls of TP, knowing
full well that they would implode very soon.
and so they did. Cyprus tried through years of bond
haircuts save their banks. The German banks had
their losses covered, but not the Cypriot banks.
I guess the Cypriots are second class
Euro citizens.
It all seems like a plan to conquer Euro
banking. The interesting aspect of that is how they
got "Greece" to cooperate in the destruction of
TWO banking systems.
check this: Reggie Middleton
[When Reggie says "Greece" he means Papandreou]
How
Greece Killed Its Own Banks!
Yes,
you read that correctly! Greece killed its own banks. You see, many knew as far
back as January (if not last year) that Greece would have a significant problem
floating its debt. As a safeguard,
they had their banks purchase a large amount of their debt offerings
which gave the perception of much stronger demand than what I believe was
actually in the market. So, what happens when these relatively small banks
gobble up all of this debt that is summarily downgraded 15 ways from Idaho.
