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Post# of 19165
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NewbieWar

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NewbieWar

Re: MasterBlastr post# 11617

Wednesday, 11/04/2015 6:06:00 AM

Wednesday, November 04, 2015 6:06:00 AM

Post# of 19165
you mean the conversion of their debt to equity.

Apparently what would be considered fraudulent conveyance of assets in the US (sale for turkish bank less than liquidation value) and a conversion of debt to equity that hinder's the creditor's value will open the Greek state up to monetary and legal recourse.

I find this whole thing strange, I hate some of the US legal rules, but at least they make sense, this is pure fraud and it's not even the bank's fault.
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