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PowerShares QQQ Trust, Series 1 Message Board

  • singhlion2001 singhlion2001 Mar 18, 2013 8:54 AM Flag

    Deposit Insurance at a bank, any bank in Europe, is now meaningless. A bond indenture, any clause, any paragraph, any promise or assurance; now meaningless

    Deposit Insurance at a bank, any bank in Europe, is now meaningless. A bond indenture, any clause, any paragraph, any promise or assurance; now meaningless. The notion of private property, land, cash, house; now meaningless. The European Union will take what they want as they deem it necessary and the IMF will follow along. The question has been asked, during the last few days, why the bond holders of Cyprus were not tagged along with the bank deposits. We can answer the question. Virtually all of the Cyprus sovereign debt is governed under British law and so the EU did not pursue this course. Greece came first. Lesson one and "shame on you." Cyprus comes second and now "shame on me." What will come next? What will you tell your partners or your shareholders when they say, "You should have known." You will have no excuse!

    Sentiment: Strong Sell

 
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