Basically the people are getting screwed and someone is making a fat profit off it.
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Do BoingBoing readers qualify for 97% off? What is the affiliate code here?
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No. Corey misread the article.
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They wonât be able to get into this position again. Who lends money to someone without any collateral?
Holy mother of crap! Once this stuff is sold off, itâs gone for good (bad, actually). Personally, I think Greece would be better off without the Euro. Fuck them.
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As a sovereign nation, Greeceâs answer to creditors who want a piece of it should be, âStart building tanks.â
No concessions, leave them absolutely high and dry. For all those who say they donât want this to happen again, itâs not Greece that has to learn a lesson, itâs the creditors. Donât lend money to people who arenât going to pay you back, charge people enough interest on the money you lend to cover the people who donât pay you back. Or go out of business because you are an idiot who doesnât know how to run a bank. Yes, laws should protect legal agreements, but everyone should understand when they lend money to a nation that nations have the power to just say âfuck offâ and there isnât anything you can do about that without a war.
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The answer is always âmore money to the banksâ.
Just as Americaâs republicans never saw a problem that couldnât be solved with tax cutsâŚ
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