Ever wonder about the way out for Greece? Who goes down with them? What happens to bond holders? what happens to the ECB? What happens to the IMF? What happens to America?
I've come across some brilliant information that comes from Felix Salmon of Reuters, expanded upon by zero hedge's Tyler Durden. It's a month old, but more applicable now than ever. With a full understanding of this essay anyone would have a full understanding of exactly what will happen to Greece, its balance sheet, and its bondholders. It's packed with legal and financial insider information. The cheap "price" I refer to in the title is time and patience. It takes savvy 5+ year Goldman vet to understand everything in this article first read through. Take some time and google the numerous acronyms, legal terms, and financial jargon you've never seen before. Essay below.
http://www.zerohedge.com/news/subordination-101-walkthru-sovereign-bond-markets-post-greek-default-world
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