Goldman Sachs cooked Greece books, banking fraud expands globally (Max Keiser versus a banker tool)

[stockholmer]

Greece is being pressured to give all control of the Greek budget to the European Union, which it says threatens its national sovereignty.

[U of M Dem]

1. This needs to be a part of the national rhetoric! n/t

[Thaddeus Kosciuszko]

2. Greece's cooked Goldman Sachs books, government fraud expands globally. (Reality vs. Mythology tool)

[xiamiam]

3. the guy who is claiming the problem has been over regulation is a creep

and part of the problem...

[tabatha]

4. Greg Palast wrote about that.

'll cut to the indictment: Greece is a crime scene. The people are victims of a fraud, a scam, a hustle and a flim-flam. And––cover the children's ears when I say this––a bank named Goldman Sachs is holding the smoking gun.

In 2002, Goldman Sachs secretly bought up €2.3 billion in Greek government debt, converted it all into yen and dollars, then immediately sold it back to Greece.

Goldman took a huge loss on the trade.

Is Goldman that stupid?

Goldman is stupid—like a fox. The deal was a con, with Goldman making up a phony-baloney exchange rate for the transaction. Why?

http://www.gregpalast.com/lazy-ouzo-swilling-olive-pit-spitting-greeksor-how-goldman-sacked-greece/

[JDPriestly]

5. Thank you Max Keiser.

The anti-Wall Street demonstrations are the Occupy demonstrations. They are all over the country. And even if the tents are gone in a lot of cities, the awareness is there.

Obama just appointed a commission to look at some of the banking fraud. I don't expect very much from it, but it is a start.

The purpose of enforcing contracts and regulating business is to provide an environment in which there is enough trust to have vibrant commerce.

People need to know when they enter into a transaction that they have a recourse if promises to which they agreed were misrepresented or are not performed. Each side needs to know that the other side is being honest and open about all important facts.

Bankers don't seem to understand those basic principles of law. They view rules as government interference. We all suffer because of their lack of understanding. What a shame.

Good job Max Keiser.