Comments on: New twist in Hungary’s Swiss debt saga. Banks beware. http://blogs.reuters.com/macroscope/2011/09/09/new-twist-in-hungarys-swiss-debt-saga-banks-beware/ Shining a light on the dismal science Wed, 16 Nov 2016 01:39:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: anyjaszemit http://blogs.reuters.com/macroscope/2011/09/09/new-twist-in-hungarys-swiss-debt-saga-banks-beware/comment-page-1/#comment-2648 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.

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By: Hansdampf http://blogs.reuters.com/macroscope/2011/09/09/new-twist-in-hungarys-swiss-debt-saga-banks-beware/comment-page-1/#comment-2618 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.

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