Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Tuesday, July 5, 2011

Greek rescue package will mean a default, warns S&P

This surprised me. Not that the "rescue" package will lead to default, it's supposed to, but that S&P would say it publicly. This suggests dissension in the ranks. The world's biggest gangster bankers are trying to ram this through and a company infrangibly shackled to them comes out with something like this. Who knows...

http://www.guardian.co.uk/business/2011/jul/04/greek-rescue-package-means-default-s-and-p?CMP=twt_fd