Captain's Quarters

[the cork]

The MSM can't report it because of all the repercussions public knowledge of a full fledged default would necessarily bring. The big five banker boys are busy trying to re-write the rule book to avoid paying off what they legitimately owe for the credit default swaps.

That's pretty slick. The bond holders didn't get paid, ... but there has been no default?

Funny how if I default to them I lose my house, but if they default they just re-write the rules. This is a potentially huge story and from what I've seen, JD is the only guy on IHUB really following the story. Between Argentina and Portugal, they could theoretically bring the big banks to their knees.