http://blogs.reuters.com/macroscope/2011/09/09/new-twist-in-hungarys-swiss-debt-saga-banks-beware/ Shining a light on the dismal science Tue, 21 May 2013 15:02:50 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/macroscope/2011/09/09/new-twist-in-hungarys-swiss-debt-saga-banks-beware/comment-page-1/#comment-2648 anyjaszemit Tue, 13 Sep 2011 22:33:27 +0000 http://blogs.reuters.com/macroscope/?p=5602#comment-2648 Two inaccuracies here (at least). The existing plan is not a "deviation" from the previous one, debtors will be able to choose from either of the two plans. Secondly, the government line is not that the "financial consequences should be borne by the banks", but that the risks should be shared (50%-50%) between the debtors and the banks, hence the proposed exchange rate, which is half-way between the current exchange rate and the average exchange rate at which the debtors received the loans. I'm just an individual and know these facts better than you. You're a global news service, (presumably not willfully misleading your readers). Start acting like one. Two inaccuracies here (at least). The existing plan is not a “deviation” from the previous one, debtors will be able to choose from either of the two plans. Secondly, the government line is not that the “financial consequences should be borne by the banks”, but that the risks should be shared (50%-50%) between the debtors and the banks, hence the proposed exchange rate, which is half-way between the current exchange rate and the average exchange rate at which the debtors received the loans. I’m just an individual and know these facts better than you. You’re a global news service, (presumably not willfully misleading your readers). Start acting like one.

]]> http://blogs.reuters.com/macroscope/2011/09/09/new-twist-in-hungarys-swiss-debt-saga-banks-beware/comment-page-1/#comment-2618 Hansdampf Fri, 09 Sep 2011 16:04:17 +0000 http://blogs.reuters.com/macroscope/?p=5602#comment-2618 The financial wizard game explained. You have a small fire in your house,but before you can turn your waterhose on , the water is shut off for a new rate in price for water.Not able to meet the demand right away ,your house burns down. The hedge fund wizards become the designated beneficiaries of your fire insurance and you are on the way to become a member of the dumpster patrol. The financial wizard game explained.
You have a small fire in your house,but before
you can turn your waterhose on , the water is shut
off for a new rate in price for water.Not able to
meet the demand right away ,your house burns down.
The hedge fund wizards become the designated
beneficiaries of your fire insurance and you are on the
way to become a member of the dumpster patrol.

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