Category Archives: An Observation

Financial Dyke Giving Way

Like the Little Dutch Boy holding his finger in the proverbial dyke, Fitch came out today and declared Greece to be in a “Restricted” default. For those who do not follow lame banking terms, what does that mean?  The investment rating company Fitch (As with S&P and Moody’s), in physiological denial, is saying that Greece is not actually insolvent (bankrupt) […]