Comments on: Egypt moves towards revolution

By: Les

Les — Mon, 31 Jan 2011 13:56:39 +0000

Interesting to note that Moody's have downgraded Egypt to "Negative" from "Stable". "This has resulted from escalating political tensions in the country following the recent uprising in Tunisia, with large-scale anti-government protests taking place," it said.

Glad to see the bankers showing solidarity with the people!

By: Dave Miller

Dave Miller — Mon, 31 Jan 2011 13:42:28 +0000

French, British Banks Have Most Exposure to Egyptian Loans

By: JamieGriffiths

JamieGriffiths — Mon, 31 Jan 2011 12:02:52 +0000

@guidoromero

Excellent point.

As I said, I'm out of my element here and my comment last night was a bit reductive. There are a million ways this can play out. Guess all we can do is watch and see.

By: guidoromero

guidoromero — Mon, 31 Jan 2011 00:43:59 +0000

@JamieGriffiths

There is at least one more option that nobody is discussing. The army.

Historically, the Egyptian army has pretty much held the nation together during transitions.

It is as yet unclear the army can and will do the same today as it is unclear whether they can themselves hold things together within the army itself.

By: 24K

24K — Sun, 30 Jan 2011 22:40:10 +0000

The protesters are chanting "The People Want an End to the Regime".

الشعب يريد على حد لنظام

By: MrShigemitsu

MrShigemitsu — Sun, 30 Jan 2011 21:54:35 +0000

Meanwhile, news from Egypt will provide perfect cover for what happens in Greece next week :

http://www.guardian.co.uk/business/2011/jan/30/greek-debt-crisis-imf-talks

"The European Union is engaged in frantic behind the scenes talks to reduce Greece's debt as international monitors fly into Athens this week. There is growing concern that the eurozone's weakest state will be unable to end its worst crisis in decades, without a sovereign default.

Plans to buy back Greek debt at a discount – a scenario that economists call restructuring by stealth – are being given "urgent consideration," bankers and EU officials say."

By: JamieGriffiths

JamieGriffiths — Sun, 30 Jan 2011 19:50:01 +0000

I do not profess to know much about the Middle East at all but from what I understand the main religion in Egypt is overwhelmingy Sunni Islam with Sufism in second place way ahead of Shi'a with only a few thousand followers so I find it hard to see how Iran could have much of an influence.
I would have thought the real choice is between a secular government which the US should find easy to deal with or a more Muslim Brotherhood style Islamist one which it won't and which also may cause problems for the US and Israel as regards the Gaza border etc.
One thing is for certain, I feel. The Mubarak government will fall. As I just heard on aljazeera, in a stand-off someone has to back down and it doesn't look like the people are about to any time soon.

By: richard in norway

richard in norway — Sun, 30 Jan 2011 13:37:17 +0000

dave

prof black is great

i saw a lecture that he did, really fantastic

By: 24K

24K — Sun, 30 Jan 2011 13:33:23 +0000

I recorded my new song friday. While listening to my 'attempt' at singing I surfed the Egyptian protesters and came across a video with folks chanting in key (unlike me) and in time so I blagged it. I wrote to the guy to ask permission and translation and wish good luck but I think he's still out chanting.

Anyway it's called The Game HERE top of the list of songs. Many thanks to Mr Shigemitsu or Rich (can't remember which one of you posted it first) for posting the Rolling Stone article. As mentioned before, sadly I've figured out they're addicts to The Game.

How can an addict stop?

They can't.

My minds a rumbaling with pet dog regulators now or ENABLERS, or the ZBDS MOST WANTED.

Anybody got the list of the top 100, or enough for a deck of cards?

"So come and join the party 'for it gets too late,
And they storm the gate,
Put my head on a plate,
What a £$%£ing disgrace,
Today".

ZBDS

By: dave from france

dave from france — Sun, 30 Jan 2011 11:36:30 +0000

Hi Golem, posting at the G etc is time-consuming stuff, but the Irish threads particularly are worth slipping a link into from time to time...

Not aimed at you but a hint to my fellow CiFfers PrincessCC et al!

I enjoyed this youtube -- Dylan Rattigan on Inside Job, interviews with Wm Black (Savings&Loans) and film director Charles Ferguson -- HERE.

I witnessed the S&L Fraud unfolding in the late 70's when I was a small cog in the then very simple moneybroking and FX world. Professor Black was one of the investigators, and I learn that a thousand people WERE prosecuted from that clip.What a contrast with today.

Keep up the good work,your dedication is much appreciated!