[Oatka]

Bondholders will receive two-year bonds issued by the EFSF and new Greek bonds that will mature over 20 years.

Reminds me of a guy at a gun show who said he had a dog worth $1,000. He knew it was worth that much because he had traded two $500 cats for it.

Here's an interesting snip from a Socialist website that could be applied to the U.S. (wheat amidst the chaff):
"The purpose of the so-called “aid packages” for which The Greek population must sacrifice is not to help the people, but to enrich the banks, hedge funds and speculators."

the rest is HERE.

[bruinbirdman]

"to enrich the banks, hedge funds and speculators." "

One would suppose the Greeks and socialist complainers are happy that Greek banks are all now bankrupt along with their country.

yitbos