Stocks Post Loss on Greece, S&P at 3-Month Low

Drudge Report ^ | May 15 2012 | Drudge

[ctdonath2]

Headline only.

[ctdonath2]

Very bad, if it's what we've been expecting. Discuss & update.

[struggle]

You beat me by 8 seconds!

[Pox]

Uhoh

[chuck_the_tv_out]

They asked for socialism.

Looks like they’re going to get it.

[stephenjohnbanker]

Here we go..

[dfwgator]

Send lawyers, guns and money......

[Sarah Barracuda]

This is what happens when people want socialism. You ask and you shall receive. This is America’s future if we don’t get rid of Obama

[stephenjohnbanker]

” They asked for socialism.”

More like anarchy now

[WashingtonSource]

700 million euros withdrawn Monday. Basically about a billion dollars.

[Lurker]

Anyone with half a brain pulled their money out weeks ago.

[ctdonath2]

They just ran out of other peoples’ money.

[canuck_conservative]

“Socialism works only until they run out of other people’s money”

- Margaret Thatcher

[stephenjohnbanker]

This is America’s future if we don’t get rid of Obama.

YEP

[Lurker]

A billion here, a billion there. Pretty soon you’re talking real money.

[stephenjohnbanker]

20 trillion of debt, and WE are there too.

[Veggie Todd]

But what about the Bailey Building and Loan?

[henkster]

Greeks got the runs? Bad gyro meat, no doubt.

[canuck_conservative]

Wow!

Exact same time, similar quote!!

Has that happened before??

[Ingtar]

Did you mean Obramney?

[treetopsandroofs]

“But what about the Bailey Building and Loan?”

Potter is SELLING (actually, he’s buying).... 1946

[MrB]

Conductor! We’re heading for a cliff!

Quick, ask the passengers if we should put on the brakes, making them uncomfortable for a while and making a horrific screaching noise.

Sir, they said “no”.

OK. Cliff it is.

[ctdonath2]

Link

"Greek depositors withdrew 700 million euro from the nation's local banks recently, said President Karolos Papoulias, though the exact timing of the transfer was unclear."

[Noumenon]

Greece has got the runs, alright. The fun’s just getting started.

[xp38]

[carriage_hill]

We’re apparently W-A-Y past $20 trillion, sjb. More like $100 trillion, I’ve read.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/30_John_Williams__The_US_Has_$100_Trillion_in_Debts_%26_Obligations.html

[Biggirl]

Greece is the now the carnary of the west.

[Red Badger]

Just guns, the others will follow...................

[Resettozero]

Yeah, too bad about that. I hear the Bank Examiner was going to send George to prison and shut it down.

I fully intend to watch the end of that movie someday to see if anything else happened.

[mamelukesabre]

If this is the big one, we’ve got about a year to get prepared here in america...IMO

[milagro]

A picture of the worth of 700 million Euros?

[Buckeye McFrog]

Same as in Argentina 10 yrs ago. Get your cash out before it is devalued or your bank goes on extended holiday.

[ez]

Bad gyro meat, no doubt

Euro, gyro, it's all going bad. :(

[Jack Hydrazine]

Montezuma’s Revenge on Greece?

[Servant of the Cross]

[Roccus]

[Jack Hydrazine]

But will they turn on the ‘smoking allowed’ sign before going over the cliff?

Smoke ‘em if you got ‘em!

[Jack Hydrazine]

Try more like $150 trillion.

[donozark]

Greece today. Portugal tomorrow. Des Moines ???

[Kozak]

Almost. Add up all debt unfunded liabilities of all levels of government and you get about 140 trillion ........

[ctdonath2]

Pic from when?

[chuck_the_tv_out]

Oh my goodness. You two just said the same thing, the same second of time.

I don’t believe that was a coincedence!

[Average Al]

Potter = Soros?

[dfwgator]

I fully intend to watch the end of that movie someday to see if anything else happened.

Did you know there was a Lost Ending?

It's a Wonderful Life - The Lost Ending

[Jack Hydrazine]

Looks like silver has the runs, too!

[Bruce Campbells Chin]

Politically, this could be a boost to fiscal conservatives in November. A bankrupt Greece, fighting on the streets between the fascists and communists, etc., will not play well with voters. Austerity is going to sell a lot better than more left-wing stimulus.

[mamelukesabre]

The great plains area of north america will be the last to suffer. East and west coasts will be the first, followed by the gulf, southwest, and the great lakes areas.

[ctdonath2]

I’m sure a LOT of people were thinking the same thing at that second.

Don’t forget to pick up an extra 50 pounds of flour or rice at Costco on the way home, that $17 purchase will be worth a lot soon...

[mamelukesabre]

I guess the explanation for that would be that silver isn’t going down, the dollar is going up because all those greeks are putting their money in american banks.

[txhurl]

Worm-ranching. I can worm ranch, starting today. If they’re good enough for the robins and catfish, I can eat ‘em too.

[ctdonath2]

Good point. Dollars are worth more when the integrity of the euro is in doubt.