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Quic! what does EFSF stand for?????

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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-13-11 02:38 PM
Original message
Quic! what does EFSF stand for?????
M vote is for
European Fraud Slush Fund

yours?
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Cirque du So-What Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-13-11 02:43 PM
Response to Original message
1. European Financial Stability Facility
The European Financial Stability Facility (EFSF) was created by the euro area Member States following the decisions taken on 9 May 2010 within the framework of the Ecofin Council.

http://www.efsf.europa.eu/about/index.htm
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PoliticAverse Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-13-11 02:47 PM
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2. The Euro Fiasco Suicide Formula ?
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-13-11 02:48 PM
Response to Reply #2
3. LOL! I was just this minute reading that page!!!!!
Great snark, eh?
Great truthful snark, I should say.
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PoliticAverse Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-13-11 03:02 PM
Response to Reply #3
5. It's all a shell game to transfer the debt to unsuspecting parties... n/t
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-13-11 02:52 PM
Response to Original message
4. Zerohedge has had some interesting posts on it lately.
Required reading.

http://www.zerohedge.com/news/efsf-denies-it-illegal-pyramid-scheme

EFSF Denies It Is An Illegal Pyramid Scheme

If there is one thing one can say about the insolvent European continent is that despite everything, it is a bastion of truth, and a knight of see-thru disclosure. After all, who can forget such brutally honest statements as "Greece will not default", or the follow ups: "Ireland is not Greece", "Portugal is not Ireland", "Spain is not Portugal", "Italy is fine", "Italy has turned down money from the IMF", "The IMF has never offered any money to Italy", and then the old standbys, "the ECB will not be a lender of last resort", "the EFSF will use 4-5x leverage", wait, make that "the EFSF will use 3-4x leverage", and last but not least, "Europe is not America" and "it is all the fault of evil CDS speculators." Well we have one more to add to the list: "the EFSF is not an illegal ponzi scheme" - because after the mindboggling report in the Telegraph yesterday that the EFSF has bought hundreds of millions of its own bonds, exposing the scam in the heart of the Eurozone for anyone to see, the European rescuer of last resort (at least until the ECB comes out monetizing and Eurobonds are issued)has no choice but to join in the parade of truths and as Reuters reports "said on Sunday that it did not buy its own bonds last week, denying a British newspaper report that it spent more than 100 million euros ($137 million) to cover a shortfall of demand. "The EFSF did not buy its own bonds and the book was 3 billion euros," an EFSF spokesman said, referring to the 3 billion euros raised in last Monday's 10-year bond issue." We are certain that in order to dispel rumors about its fraud-i-ness, the EFSF will promptly submit a full breakdown of the entities that received bond allocations (we know that Japan is good for €300 million, that China is good for €0.0, and that as Merkel said one week ago, "hardly any countries in G20 have said they will participate in the EFSF." So, because we believe everything that comes out of Europe, we are patiently waiting to see just who it was that bought EFSF bonds when nobody else did. And yet what is most troubling to us, is that it took the world 5 minutes to completely agree that the EFSF is a ponzi scheme, with nobody doubting this supposedly "refuted" disclosure for even a second. Perhaps that tells you more about the current state of Europe than anything else...




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dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-13-11 03:10 PM
Response to Original message
6. Is it
a Takamine guitar model with numbers missing from the centre?
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-13-11 06:57 PM
Response to Reply #6
7. If only it were.....if only.
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dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-13-11 07:30 PM
Response to Reply #7
8. off topic
well I do have an EF 407 New Yorker and an EF 261S quite aside from two Gibsons, two Martins, two Yairis.............and more parlor guitars than you could possibly conceive
I've also got at least 80 banjos, two mandolins, three dulcimers and numerous ukuleles.

Its tragic I can't I can't play any of them. :(
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Owlet Donating Member (765 posts) Send PM | Profile | Ignore Mon Nov-14-11 08:14 AM
Response to Original message
9. Epically Faiing Stopgap Floundering
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golfguru Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-15-11 01:25 AM
Response to Original message
10. It stands for transfer of German wealth to PIIGS n/m
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-15-11 09:38 PM
Response to Reply #10
11. True, dat.
With a huge helping of moola into banker pockets.
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