Senator Bernie Sanders Demands A Federal Reserve Bailout Of Greece

[NACBA]

WTF?

http://feedproxy.google.com/~r/againstcronycapitalism/~3/P2F9z01Y40A/

[Lucille]

http://www.zerohedge.com/news/2015-02-09/us-senator-demands-federal-reserve-bailout-greece


It should hardly come as a surprise when a hard-core US socialist comes out with demands that his socialist peers in Greece be bailed out by none other than the Federal Reserve: in fact, it does show why while so many quasi-socialists hate when the Fed bails out the "loathsome" banks, they love when the Fed bails out everyone else. And yes, socialists are known to demand for bailouts - in fact the more often, and the more frequently, the better .

And yet, perhaps in asking for a Federal Reserve bailout of Greece, everyone's favorite Vermont socialist does make some sense: after all if the Fed is bailing out European banks, and just European banks, on an ad hoc basis, and usually quite well hidden (see for example: "How The Fed's Latest QE Is Just Another European Bailout"), does it really matter if the Fed spends what amounts to one daily POMO amount to save some 11 million Greeks?...

[jbauer]

Greece = 1.9% of the European economy. Who cares. Let them fail. Get off the Euro and fix your fiscal problems all on your own. Greece has been around long enough they should be able to pull up their big boy underwear by now.

[AuH20]

Greece = 1.9% of the European economy. Who cares. Let them fail. Get off the Euro and fix your fiscal problems all on your own. Greece has been around long enough they should be able to pull up their big boy underwear by now.

One word: derivatives. specifically Credit Default Swaps.

[Lucille]

The EU caved. Looks like Madame Moneyprinter can cool off the printing presses.

http://www.voxday.blogspot.com/2015/02/of-course-they-folded.html


The EU has never been anything except one giant bluff coupled with constant appeals to Ragnarok:


Did Europe just fold?

Moments ago Bloomberg blasted a headline which has to be validated by other members of the European Commission as well as Merkel and the other Germans (and may well be refuted, considering this is Europe), which said that:

COMMISSION TO PROPOSE 6 MONTH EXTENSION FOR GREECE - SOURCES.

So did Greece just win the first round of its stand off with Brussels? It remains to be confirmed, but congratulations to Greece if indeed it caused Merkel and the ECB to fold.

Once Greece leaves, the EU is a walking corpse. So they will do absolutely anything that will be less immediately destructive than a nation leaving the Euro, or more significantly, the EU.

That is why they care, jbauer.

[Lucille]

Or did they?

The REAL Greek Negotiations: Situation Is “Berserk", "There Is No Plan", "Greeks Digging Own Graves"
http://www.zerohedge.com/news/2015-02-10/truth-behind-greek-negotiations-situation-%E2%80%9Cberserk-there-no-plan-greeks-digging-own-