Toddsterpatriot
Diamond Member
You said they wrote a check to a third party.
Were you lying, again?
They have to pay a fee to reimburse the holding account.
And neither the fee, nor the dividend are deductible.
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You said they wrote a check to a third party.
Were you lying, again?
They have to pay a fee to reimburse the holding account.
How does the money get to the "holding account?" Magic dust?
Originally, it's monies you want to invest. But in all large investors it's profits you're deferring taxes.
They didn't have a Mitt Romney to get hundreds of millions from their Congress to save their Olympics.How the 2004 Olympics Triggered Greece s Decline - BusinessweekGosh, I'm so shocked - NOT.
The stupidity of the Greek politicians is frankly flabbergasting.
Over a few years, they borrowed like there was no tomorrow - then tomorrow came.
They went on to blame everyone but themselves.
They borrowed because their investments crashed. 2008.
They were in debt up to their asses before the crash...........and the crash escalated it.............
They used most of the bail out money to pay back those outstanding debts in the other bail out.......
They were closing in on default even if the crash had never happened.........
The bail outs bought them time..............
but without a recovery from the crash their fate was sealed.......if it wasn't already before the crash..........
It was further sealed because they couldn't create more of their own currency and deflate it's value to attempt revenues by increased exports as countries are doing now..............aka purposely make you currency less valuable to make your products cheaper on the exchange..............
They were doomed long ago...............as are many nations now.
They didn't have a Mitt Romney to get hundreds of millions from their Congress to save their Olympics.
There should be no austerity. Greece needs funds with which to create large infrastructure projects that will employ 10s of thousands, or more.Sounds like severe austerity to me.
There should be no austerity. Greece needs funds with which to create large infrastructure projects that will employ 10s of thousands, or more.Sounds like severe austerity to me.
There should be no austerity. Greece needs funds with which to create large infrastructure projects that will employ 10s of thousands, or more.Sounds like severe austerity to me.
Feel free to empty your bank account to the Greek government.There should be no austerity. Greece needs funds with which to create large infrastructure projects that will employ 10s of thousands, or more.Sounds like severe austerity to me.
Those are facts, dumbass. Greece was fine until they fell for Lehman Bros. advice on toxic assets and then got killed by the Boosh meltdown. You think they just added to pensions etc until 2015, when all of a sudden they collapsed? They actually started CUTTING spending in 2010. But their GDP, based on tourism to a great extent, imploded faster. Thanks again, hater dupe.
They have a four day work week and retire at 57. How is this a surprise?Greece Runs Out of Other People's Money
People are not aware that only 10% of the "bail out" funds actually went to the Greek treasury to help restructure their economy. 90% went to paying the investor's. Essentially, taxpayers are funding the payment of interest to the bond investors.
People are not aware that only 10% of the "bail out" funds actually went to the Greek treasury to help restructure their economy. 90% went to paying the investor's. Essentially, taxpayers are funding the payment of interest to the bond investors.
Except the bonds are mostly held by the ECB, the EFSF and the IMF.
The private bond holders took a 50% haircut.
People are not aware that only 10% of the "bail out" funds actually went to the Greek treasury to help restructure their economy. 90% went to paying the investor's. Essentially, taxpayers are funding the payment of interest to the bond investors.
Except the bonds are mostly held by the ECB, the EFSF and the IMF.
The private bond holders took a 50% haircut.
Exactly, the taxpayers will be paying the interest and any principle paid to bond holders including institutions. Where do you think the money comes from, trees?
People are not aware that only 10% of the "bail out" funds actually went to the Greek treasury to help restructure their economy. 90% went to paying the investor's. Essentially, taxpayers are funding the payment of interest to the bond investors.
Except the bonds are mostly held by the ECB, the EFSF and the IMF.
The private bond holders took a 50% haircut.
Exactly, the taxpayers will be paying the interest and any principle paid to bond holders including institutions. Where do you think the money comes from, trees?
Exactly, the taxpayers will be paying the interest and any principle paid to bond holders including institutions.
Taxpayers should pay interest due to their bondholders. Durr.
People are not aware that only 10% of the "bail out" funds actually went to the Greek treasury to help restructure their economy. 90% went to paying the investor's. Essentially, taxpayers are funding the payment of interest to the bond investors.
Except the bonds are mostly held by the ECB, the EFSF and the IMF.
The private bond holders took a 50% haircut.
Exactly, the taxpayers will be paying the interest and any principle paid to bond holders including institutions. Where do you think the money comes from, trees?
Exactly, the taxpayers will be paying the interest and any principle paid to bond holders including institutions.
Taxpayers should pay interest due to their bondholders. Durr.
Taxpayers not from Greece for the most part.
People are not aware that only 10% of the "bail out" funds actually went to the Greek treasury to help restructure their economy. 90% went to paying the investor's. Essentially, taxpayers are funding the payment of interest to the bond investors.
Except the bonds are mostly held by the ECB, the EFSF and the IMF.
The private bond holders took a 50% haircut.
Exactly, the taxpayers will be paying the interest and any principle paid to bond holders including institutions. Where do you think the money comes from, trees?
Exactly, the taxpayers will be paying the interest and any principle paid to bond holders including institutions.
Taxpayers should pay interest due to their bondholders. Durr.
Taxpayers not from Greece for the most part.
Taxpayers are always stuck supporting deadbeats.
In Europe and the US.
Greece shouldn't pay anyone back.
How could things get any worse for them?
It shows a fatal flaw in the common currency when a country can't control the currency but is still left to fend for itself.