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Dan8267
2012 Mar 2, 3:09am
Dan8267
2012 Mar 2, 3:09am
Greece is going to find that they cannot borrow money without collateral.
Now, we Italians had a nice system to ensure that debtors honored their obligations. It worked out well and was far less predatory than modern banking practices. But the Eliot Ness's of the world had to put an end to that system.
http://www.ritholtz.com/blog/2012/03/isda-suckers-wanted/