Wednesday, October 26, 2011

Marc Faber: Greece is bankrupt & bond investors should have to take losses of 90 percent on their holdings

Greece is bankrupt, whether they want to admit it publicly or not,

it will need a 90 percent writedown, but that’s not going to happen. What will probably happen is a 50 percent write-down. - Marc Faber said in an interview with Bloomberg today in Zurich today. “I

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