Bayside Corporation (BYSD)

[General Ripper]

Another good point. I remember how scared Hank Paulson was about derivatives, back in '08. Actually got on his knees in front of Nancy Pelosi to get immediate action from Congress.. It's the main reason Lehman Bros was allowed to fail in late fall of 08. They were in it eyes deep on the US side, but they also had EU countries invested in it equally deep, which is why Germanys Angela Merkel wanted Paulson's balls on a platter. They felt deceived, like Henry didn't tell them, or they didn't know what derivatives were. As a result, Feds didn't bother with Lehman B/O. Instead they forked over about 1/2 US tax payer bailout funds to Germany, the paymaster of the whole EU, to keep all of Europe afloat. This is why Merkel so hard on Greece right now. The remnants of those derivatives are still there, and Greece acting like Lehman, can re-expose it by defaulting. If that happens good chance Portugal, Uruguay, Spain, and Italy might be inclined to follow Greece's lead as a way to avert their own heavy debt repayments.. It's the "house of cards" deal, and Greece about to test the theory...
Best thing for BYSD is to at least pretend their the way out, by resending another follow up letter. After all, this is going to be big news in the coming weeks, and fits in with the expected EU updates..