He wore a bulletproof vest while leaving the jail accompanied by Michael Smith, the owner of Magic Bail Bonds.
The Greek pension system is so broken that it cannot afford to buy new bonds to bail out the Greek government.
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The question she was answering was when the ECB would step in to buy more bonds and bail out the bondholders.
The implication is that the European Central Bank should stand behind Spanish government bonds in order to prevent a bail-out, and that Mrs Merkel should publicly back Spain.
One category of bonds, those which were issued to bail out a previous default, seems to be gaining in frequency.
The biggest is that investors may be tempted to bail out of the stock market altogether in favor of bonds.
The bail-out of the last few weeks comes after bonds have already tumbled sharply, a decline that began after investors piled into bonds and bond funds at a near record pace for most of this year.
Thanks to all the bail-outs, there will be no shortage of government bonds to buy.
When Quito recently defaulted on bonds bearing the name of the man who engineered an earlier bail-out -- then-U.S. Treasury Secretary Nicholas Brady -- the Clinton Administration, in its wisdom, decided to make an example of Ecuador.
In July leaders agreed to let the main bail-out fund, known as the EFSF, recapitalise banks and buy bonds.
The conservative National Action Party has been less critical, but was expected to propose, late this week, a compromise that the government might accept: turn most of the bonds into public debt, but put some of the cost of the bail-out back on to the banks.
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