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Comment Re:Why is that illegal? (Score 3, Insightful) 228

The reality is much more complicated than that. The funds they used weren't American and the US pretty much asked them not to go off fund and and arm Jihadist groups but they went ahead and did it anyways because they wanted to hurt Iran's allies. (The current Iraqi government and Syria). The result was predictable: ISIS turned on their former benefactors now that they are self financing using local tax revenue and captured oil wells.

Comment Re:Greeks surrender: no restructuring (Score 3, Insightful) 485

They don't expect the austerity measures to grow the economy. They expect the austerity measures to provide a hard landing rather than an outright crash. The idea is to loan them money until they are roughly self sustaining and no one expected that to be anything other than painful but still less painful than having the budget cut overnight when they can't get anymore loans.

Comment Re: Good for greece (Score 1) 1307

The problem for Greece is that you can't restructure debts while you are borrowing more money otherwise you end up right back in the same hole your started from and no one has enough money to loan them money forever. The best the IMF/Germany could hope for is a hard landing rather than an outright crash but unfortunately the Greek people don't see it that way.

If the Greeks thought austerity was bad wait until they start to default and can't borrow any more money.

Comment Re:Bank admits error? (Score 4, Interesting) 96

They probably will, but the last time a banking error caused a missed payment and penalties, I took the notice from my landlord to my bank and they gave me a refund for the amount and a letter of apology addressed to my landlord..

I'm guessing that cost cutting RBS did by laying off their staff and rehiring everyone in India is going to cost them dearly. This isn't their first major outage since they did that.

Comment Re:Troll v Troll (Score 1) 184

I wish you were right but I get people trying convince me of these things in person and then complain I don't take them seriously.

My least favorite is an otherwise functional guy who believes that Obama is a gay Muslim secretly married to a transvestite (Michelle) who plans to take his role as "The Beast" and under the direction of the Antichrist, declare martial law before the end of his term and round up all non Muslims and put them in Internment camps already being prepared by FEMA.

I don't understand how he manages to get dressed without drooling all over himself let alone hold down a job.

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