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View Diary: BREAKING NEWS: Parliament of Cyprus Rejects "Bailout," Bank "Haircut" (143 comments)

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  •  Just a wild idea... (3+ / 0-)
    Recommended by:
    neo11, Leap Year, Kombema
    Either they INTEND the system to fail, or they just can't do arithmetic...
    Has anyone else noticed how similar all these bailouts and terms for bailouts are to the way Hedge Funds, etc.,  operate when they "buy" an ailing company?   (as in Bain Capital and KB Toys)

    They eventually load the company up with management fees and so much debt there's no option for the company but bankruptcy and laid off workers, after the "Hedge Fund" has sold anything of value in the company.

    Between the bailout procedures and the privatization of national treasures (I'm thinking Greece, in particular, here), it just seems to bear some striking similarities to me.  YMMV

    •  No such thing as "Too big to gut" for the Bankster (1+ / 0-)
      Recommended by:
      neo11

      class. Slayed and fileted, is their motto.

      "Government by organized money is just as dangerous as Government by organized mob." -- Franklin D. Roosevelt

      by Kombema on Tue Mar 19, 2013 at 10:09:39 PM PDT

      [ Parent ]

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