03.23 Cyprus News Flash: IMF Blocks Agreement on Cypriot Bank Bailout

  by John Galt March 23, 2013 17:55 ET   From China Radio International English News  approximately 40 minutes ago: IMF Blocks Cyprus Bailout Agreement The International Monetary Fund (IMF) is blocking a bailout agreement for Cyprus by insisting the merger of the Mediterranean island’s two largest banks, the official Cyprus News Agency reported on Saturday. The agency quoted a senior official of the Cypriot side in the negotiations with international lenders as saying that “we are not even near an agreement with the troika.” The official was also quoted as…

Greek Bondholders about to Learn the Pain of being ‘Chryslered’

  by John Galt March 23, 2013 01:00 ET   When in the issues of man versus government, freedom against the rule of crony capitalism, and the rule of law versus any nation’s corrupted system, there is apparently one solution to cure all the problems: Chrysler the plaintiffs. What is Chryslering? It is a new verb that most Americans are familiar with from 2009; at least to those retirees who are now bagging your groceries or asking if you would like to taste the deli meat before they finish slicing it….

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