i will run your numbers next
its no use explaining that the geeks..
not the greeks are the problem

look at the raw numbers
to pay off a huge debt..[at 4% intrest]
with a much larger debt..[at 26 % intrest]
is insane..[small wonder bankers will 'take half the debt
cause the bottum line means..in 4 years it will be back at 200 billion

ie kick the can down the road
in 4 years following this ODIOUS ..lol bailout'
the same debt will again be at the level it is today

but the debt DOUBLES compounding..every 4 years
[and by then the others debt will have increased..because the bankers got that 'other bailout'..

[equal the origonal debt they agree to temporilly forgo]..

so the most clever geeks in the room
not only got half the debt back[next year]

it trippled the intrest burdon
so the halved debt...increases bigger than half the debt
in less than 4 years

if you could only read the numbers
sort the spin..from the division

lefties isnt the problem
its clever guys causing odious debt
then rushing their quuick fix through
collecting cash..getting their bonus..and having a bigger fish next time

wake up you mugs
the same mob has ALLREADY put our debt up to over 100 billion..!

[add in that 10 billion juliar has gifted to imf
your allready dead walking...serving the corperate state debt]

per ridicules..quote..""Bonds aren't "taken out".
They are offered for sale. No-one is forced to buy them.""

so the most clever guys in the room
the geeks..bought them..because they knew they will in the end win

so letsw egsamin the math
se the bottum line

ie said..>>so look at it this way..better to 'default a 4% bond
or a 26%..bond..<<

you say...""Let's say we have a 1 million euro bond,""

lets say more like real life
so were talking NOW about..[after the haircut][lol]
100 BILLION..[so your egsample..should read 100 BILLION

""issued with a 4% coupon.''
being paid out..by a new loan[sorry bond rate
of 26%..matre thats a rich yeild
no wonder they are prepared to 'take a brief haircat..PLUS a bailout[payoff..next year of the other 100 billion IN CASH..[sorry negotiable bond]

""It now changes hands for $154,000,""
that 'changes hands,..for 154,000,000,000

""which gives an interest rate of 26%.""

ok im wit ya

tell me ol china
who has that sort of cash?
in euro's

TELL me ol china..whats
the FULL capitalisation of the euo's *issued by bankers?

""Asking "which is better to default on" is therefore a nonsense question""

no mate..IN ANY COURT..negotiating from 4%
and negotiating from 26%
gives a much larger ODIOUS DEBT..result

the bigger the numbers
the worse it gets

recall ..italy
BEGINS from 1 trillion plus
germany begins from 23 trillion plus
france BEGINS from 3 trillion plus

""you are defaulting on the principal,
not the interest rate.""

no mate
your defaulting from a contract
that hold your honour..[even if writ in dishonour]
defaulting on 4%..or defaulting on 26%..in 4 years
HAS ONLY COMPOUNDED THE REAL END DEBT..!

in four years its back
to what it is today..!

Clearer now?

Your ability to grasp the wrong end of the stick and wave it about as if it can change reality is the stuff of legend, one under god.

But if you can't bring yourself to believe me, try these folk:

http://answers.yahoo.com/question/index?qid=20110701084650AAY8O3N

The Greek government hasn't issued any long-dated bills recently, according to their Ministry of Finance web site, only 13- and 26- week Treasury Bills.

http://www.minfin.gr/portal/en/resource/section/publicDebt_calendar

Check out "Auctions for 2011", then cross-check with the appropriate Issue Calendar on the left - click the relevant T-Bills category, and you will see the full story of the issue.

The most recent coupon on these 13-week T-Bills has been around the 4.6% mark, with an issue price of 98.85, which gives a slightly higher yield of 4.7%

You still insist on mixing up the issue of the bonds, which is the point at which the loan amount and the interest rate are established, with the secondary market, where these instruments are traded, taking into account the additional risk that has been assessed since the bonds were issued.

The secondary market price does not have any impact on the amount of debt, or the coupon rate.

Before you make any more statemetnts like this one:

>>no mate..IN ANY COURT..negotiating from 4% and negotiating from 26%
gives a much larger ODIOUS DEBT..result the bigger the numbers
the worse it gets<<

... try "following the money"

It is always helpful.

look peri the media reports..
that the next loan will total 8 billion
that they must do it by mid december..

so ol mate..will these be t-bills or bonds
mate they sem to be limping from month to month

so this next..8 billion
gets them out of jail for ''only 13- and 26- week's""

mate the lack of clear facts isnt worrying you?

why post links saying the bond rate is 26%
then you change to-pick into treasury bills..

mate its all just too clever
tell me ol mate..where does the money
[8 BILLION]..go to..how much of that goes to repaying specific debt to your pals...

mate it sems there is no easy solution..
to your follow the money..mantra

im more intrested in why there seems to be
so much to follow..and so little proof..it even goes to greece
is the 8 billion bailing out greece..or greasing up the bankers bailouts

You spend far too much time looking for conspiracies, one under god, and far too little time concentrating on the facts.

>>why post links saying the bond rate is 26%
then you change to-pick into treasury bills..<<

As I have said before, the 26% is the yield available in the secondary market for long-dated bonds. The Greek government hasn't issued any more long-dated bonds yet this year, so we have no idea what coupon a new one would carry if it were auctioned today. You can bet your life, though, that it would not be 26%; that would be suicide. That's why I pointed out the rate on the short-dated T-bills, which is the only measure we presently have.

When the 8 billion comes to auction, the position with regard to ECB and IMF support will be much clearer. I would doubt very much whether they would go to auction with a coupon greater than 5.5% or 6%

We shall just have to wait and see, won't we.

>>mate its all just too clever
tell me ol mate..where does the money
[8 BILLION]..go to..how much of that goes to repaying specific debt to your pals.<<

Considering that part of the current deal involves reneging on 50% of their existing commitments, the answer to your question is "half the amount they borrowed".

>>im more intrested in why there seems to be
so much to follow..and so little proof..it even goes to greece
is the 8 billion bailing out greece..or greasing up the bankers bailouts<<

I certainly don't consider that only repaying the bankers half of what they borrowed from them can be described as "greasing up the bankers".

And far from being a bailout of bankers, it is the government (and therefore the Greek people) who are being let off the hook, not the banks.

pericules..mate...you know
that capitalism..often looses its capital
or makes a bad..looan or bad investment...[so the bankers made a bad investment decision]

if only all of us who made a bad decision
could get half our money back..[BUT WE CANT]

yet here we got the clever guys
who own the global franchise on debt
in the bad situation

that their assets come nowhere near the values they borrowed into
indeed have gotten so intrenched in investing in the wrong thing
that the 4 quadrillion of debt..has less than half a quadrillion of assets..[and that only if we dont all fall down in a heap]

so gettying half back is insane
even more so because the THEOReticat 'loss'
will be made up..in next years recapitalisation..
strabngly the same ammount as the 'haircut'

[bailout..of the lol banker..directly]
using even more govt bonds...[like our 10 billion juliar just promised to the imf]..that in some war will recapitalise other bailouts gone to the eu [if not greece]

and their all in the same boat mate

govts are on credit cards
ie they have ben broken..but recall why
cause the lent from bankers..to bailout the finance market

then underwrote losses
then gave intrest fre loans to bankers
on bonds they have to buy at 2% intrst

so the bankers bought the bonds..getting 2%
with loans the govt gave them for free..

its a shame you
with your clear word skills cant expklain that to them..

they been robbed..and the thieves are stioll counting the cash
send in the cops..before our masters steal even more..

and our leaders collude treason

[police are sworn to serve hrh..ie protect the common weal]..
instead of chasing the real criminals they police revenueraising to give ursury to invester's...stealing by statute

its pssss poor