You are always free to disagree ... but there is a price to pay!
Absolutely, and it is to be expected that might will be used by those in power, especially if they feel threatened. I was reacting to those other 154 bent backs.....one example was enough to get them in line. Not quite the Spartans of old, are they, but then again, they will have a guaranteed income for the next 6 to 12 months....and then we'll see.
BTW here is the hypocrisy of the day (maybe even the week, one dares not hope for longer):
The world's most insolvent bank, Belgium's Dexia of course, is happy to bring this message of solidarity with the disenfranchised people of Greece who will be a fund flow conduit to keep Dexia alive for 3-6 months, via its subsidiary, the European Council: "With today's approval by the Greek Parliament of the revised economic programme, the country has taken an important step forward along the necessary path of fiscal consolidation and growth-enhancing structural reform. But it has also taken a vital step back – from the very grave scenario of default. This was a vote of national responsibility."
Data from UBS:
Exposure by bank to Greece
Bank____Country_____€m_____% of equity_____% of total assets
(Relatively to equity the most exposed bank outside Greece and Cyprus. Dexia has already been bailed out once by the Fed via QE2.)