You didn’t think they’d take it lying down did you? The first Greek PSI lawsuits begin!

In a move that could trigger the entire global financial system to collapse even faster than it is already collapsing a multitude of hedge funds is entering into court cases to force the five to big to fail to make good on their derivatives scams and make them pay out on the defaulted Greek bonds. It cold take year or it could take months but if I had shares in the banks (John Key has million of $ worth of shares in the Bank of America for example) I would be mighty worried. And the banks already under pressure from their scams and gambles could very well find themselves  convicted in the court of share ownership rather then the legal courts.

 

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s