STOCK MARKET WATCH -- Thursday, 23 August 2012

[Demeter]

37. I think you left out the fine print

Of course, nobody in their right mind will "buy" a Greek island for three reasons:

Said island will soon be used as secret collateral for loans to the ECB and Germany, meaning there will be no equity value left for the "buyers"

"Buyers" can't take it with them, and

All island sales will be promptly re-nationalized when the opposition takes control of government in the next election in a few months, kicking Greece out of the Euro, and declaring all previous "deals" null and void, just before it announces Odious debt means all Greek debt is also null and void.

And to think all of this could have been avoided if Greece simply collected taxes....