TRNN: "US Hedge Funds Get Bailed Out if Greeks Pass Bailout Referendum"/Bill Black & Michael Hudson

[KoKo]

(Bill Black & Michael Hudson make the "Greek Crisis" Understandable)

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US Hedge Funds Get Bailed Out If Greeks Pass Bailout Referendum" (1/2)

Foreign banks want to bleed the patient when a policy of debt cutting and tax reform would revive the Greek economy, say UMKC's Bill Black and Michael Hudson - June 30, 2015

Uploaded on Jun 29, 2015

Foreign banks want to bleed the patient when a policy of debt cutting and tax reform would revive the Greek economy, say UMKC's Bill Black and Michael Hudson

FULL TRANSCRIPT at LINK BELOW THE "You Tube" for those with LOW BANDWIDTH.

?list=PLhvPB4lyc4dTIaS6FyeiQDHaYn4sN7pP3


TRANSCRIPT:

http://therealnews.com/t2/

[jtuck004]

1. 2 faced. We bled. and are bleeding Americs, why should the Greeks get to pull an Iceland and

come out of this better than us?

We beat up on the most defenseless, throwing people into or nearer poverty and onto food stamps (about 100 million more in the past 6 years) to make bank$ter/donors rich.

Surely they should do the same thing to their people and save our hedge funds.

[Erich Bloodaxe BSN]

2. 'Our hedge funds'?

You mean the multinational 1%ers hedge funds?

I say more power to them, and I hope they cut off the hedge fund parasites without paying a red cent, much less a euro.

[passiveporcupine]

8. I'm pretty sure he was being sarcastic.

I say fuck the banks.

[Jefferson23]

3. Indefensible...fuckers. K&R

[stuffmatters]

4. John Paulson will lose 100s of millions in both Greece and Puerto Rico defaults

Couldn't happen to a bigger hedge fund tax cheat louse.

Good article yesterday (6-29-15) in Fortune by Stephen Gandel, This Hedge Fund Manager just lost millions on Puerto Rico and Greece.

Tax haven Puerto Rico has no "state" or federal tax for US citizens, even though it's an US territory. Paulson has been especially aggressive urging fellow billionaires to move to PR to escape the IRS on their US earned & subsidized fortunes.

[KoKo]

5. That Puerto Rico Default news today was a Zinger....

Yet, reports are We are ready to Bail Them Out.. How much will that cost us all and how much more Austerity will we Taxpayers and those who don't earn enough to Pay Taxes suffer through by doing the Bailout? Plus...Who is Next?

Who Knew about Puerto Rico? Their were rumors awhile back...but, NOW?

[stuffmatters]

9. Yes, working American taxpayers could paying the debts of the superich in this American Tax Haven

The PR Governor says that their debt is "unpayable." And I see he's offering up the usual regressive increase in sales tax as a solution. PR rewrote its tax laws to become a tax haven specifically for US corp & superich tax cheats. PR needs to tax those exacr corps & superrich tax cheats instead of declaring their debt "unpayable"


I have a lot more empathy for Greece, which seems more a victim of EU and IMF financial brutality and insatiable, mean forced austerity.

[dixiegrrrrl]

6. Thank you KoKo for this.

2 smart guys who tell it like it is.

[swilton]

7. posted earlier

http://www.democraticunderground.com/1017275598#post2