Biderman On Europe's Unquantified 'Delay-And-Pray' And US Government Criminal Fraud !

• Biderman On Europe’s Unquantified ‘Delay-And-Pray’ And US Government Criminal Fraud ! 
  by Tyler Durden , http://www.zerohedge.com/ 
  Repress extend-and-pretend; dismiss the can-kicking; and forget fake-it-til-you-make-it; Charles Biderman of TrimTabs recalls Jim Bianco’s quote of the day on Spain’s ‘Delay-and-Pray’ as the new normal for what is rapidly moving beyond farce in Europe. Beginning with the nations’ own ‘silly’ perspective that the problem is ‘unquantified’ at the moment – implying it is in the trillions (which we already knew, but as long as they don’t actually quantify it, it’s not real – like the tooth fairy) – Charles goes on to destroy the hope that Germany can save them all (too big a problem now) and with state and local debt mounting trouble upon trouble the only outcome is a failure of the Euro.
  -
  But it’s not just Europe, between benefit payments and deficits, unexpectedly low returns for pension funds (thank you Ben), and union ignorance, the US is set for just as big a problem (though given the printing press we may just last a little longer). This leaves our union pension and government offocials with the same solution of ‘delay-and-pray’ as they hide in ever more intricate ways how much they are stealing from the future to cover the here-and-now. Biderman’s back and this time he’s really ‘ranty’ right to the end as he calls them out for criminal fraud.

end