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Of course not: Dexia and Fortis were among the first Eurozone banks to be bailed out but France, the Netherlands and Belgium will be among the last countries to be attacked.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Wed Sep 7th, 2011 at 09:37:09 AM EST
[ Parent ]
We are talking about bailouts of countries. At least I hope we do.
by IM on Wed Sep 7th, 2011 at 09:41:21 AM EST
[ Parent ]
You keep bringing up NAMA...

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Wed Sep 7th, 2011 at 09:42:34 AM EST
[ Parent ]
No, JakeS did.

 I said Ireland was bailed out in 2010, he said NAMA late 2009, I said that I meant states, not banks. And then said he meant "attacks" and that the Eurozone bailouts are red herring. And then I pointed out that attacks and bail outs go together like a horse and carriage.

And then you brought up the rescued banks by Belgium/Netherlands/France.

I hope everything is clear.

by IM on Wed Sep 7th, 2011 at 09:49:08 AM EST
[ Parent ]
I noted that I had correctly predicted the sequence of attacks. Specifically, I wrote:

We even called the order in which they would come for Eurozone countries after Greece: Portugal, Spain, Italy, France, with Belgium either just before or just after Italy, depending on how much being white and speaking decent English counts for.

You then tried to play gotcha by noting that Ireland's creditors were not bailed out until 2010, and therefore Ireland should have been included in any prediction made in 2009.

Which is completely irrelevant, since the bailouts of Ireland's creditors were Act 3 of the Irish Assisted Suicide, and Act 2 - which was the first one that involved international economic hit men - took place in 2009 (Act 1 was in 2008-9, but as you correctly note that part involved only Irish economic hit men, not foreign ones).

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Sep 7th, 2011 at 04:15:00 PM EST
[ Parent ]
You didn't mention Ireland at all probably because it didn't fit your model. As far as being white an d decent english speaking it isn't fitting your secondary model either. That you take refuge in a weasel word like attacks is telling.
by IM on Wed Sep 7th, 2011 at 06:46:35 PM EST
[ Parent ]
For the last goddamn time: I didn't mention Ireland because Ireland was already under attack when I made my prediction about which countries would come under attack and in which order the attacks would happen.

I may be a sad existence, but I'm not sad enough to brag about being able to predict events that are already part of the public record. That you seem to think that this is a failure is less telling of any failure of mine than it is of your insistence on extrapolating wildly from a single data point to reach a conclusion that goes against the overwhelming weight of the remaining data.

That's called "cherry picking," and it's a denialist tactic.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Sep 8th, 2011 at 02:52:49 AM EST
[ Parent ]
A bailout of a country involves guaranteeing non-usurious interest rates on new issues during the 18-24 months it takes for the hysterical children to calm down after a sovereign default.

A bailout of the bondholders involves having other countries roll over the bonds so the current bondholders get their money back.

I will leave it to the reader to decide which of the two descriptions is the more apt for what the ECBuBa, EFSF, et al have been doing

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Sep 7th, 2011 at 03:49:33 PM EST
[ Parent ]

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