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Alternative to "burning the bondholders"?

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Comments

  • #52
    Chucken
    Registered Users, Registered Users 2 Posts: 9,459 ✭✭✭Chucken


    WoollyRedHat wrote: »
    You don't seem intelligent enough to post in the right forum. Also N64? Get with the times man.


    Isn't the N64 the road between Oranmore and Claregalway :confused:


  • #53
    BBDBB
    Registered Users, Registered Users 2 Posts: 26,899 ✭✭✭✭BBDBB


    washman3 wrote: »
    To put it into context on a smaller scale, go into your local bookies tomorrow and place €50 on a horse in any race. your horse is at odds of 20/1
    your horse finishes last. tomorrow evening return to the bookie and demand your money back.
    The bookie not only gives you back your €50 but also gives you the cash you would have won if your horse finished first, €1000.
    he borrows this €1000 from a bigger bookie with a promise to pay him back €1100.
    The bookie is terrified if he does'nt do this you will not return to him again.
    this is the exact concept that unsecured bondholders are now being paid, just its on a mind-boggling scale.

    P.S. how long do you think your bookie would remain in business...;)


    I'll have a €50 on "20 minutes" - I'll be back tomorrow to pick up my Losings


  • #54
    Johro
    Registered Users, Registered Users 2 Posts: 4,705 ✭✭✭Johro


    Super-Rush wrote: »
    You think that saying this forum isn't intelligent is not an insult toward the fine people of After Hours?
    And fine people we are, indeedy.


  • #55
    WoollyRedHat
    Registered Users, Registered Users 2 Posts: 10,462 ✭✭✭✭WoollyRedHat


    Chucken wrote: »
    Isn't the N64 the road between Oranmore and Claregalway :confused:

    That's really secondary to what we're discussing here ;)


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