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  • Greek debt crisis: Goldman Sachs could be sued for helping hide debts when it joined euro

    From independent.co.uk

    Goldman Sachs faces the prospect of potential legal action from Greece over the complex financial deals in 2001 that many blame for its subsequent debt crisis. A leading adviser to debt-riven countries has offered to help Athens recover some of the vast profits made by the investment bank. The Independent has learnt that a former Goldman banker, who has advised indebted governments on recovering losses made from complex transactions with banks, has written to the Greek government to advise that it has a chance of clawing back some of the hundreds of millions of dollars it paid Goldman to secure its position in the ... (full story)

Very interesting developments: seems there are clues to the fact that Greece DID NOT hide any bad financial documents before entering Euro Zone as a member.....but "high ranking authorities" actually did all the manipulations.
This is pathetic, but could be very interesting to watch this mud slinging as one can assume that someone from somewhere in Greek government asked GS to ' help'.
Should be very revealing and SO public.
Always somebody else's fault! I Brussels had adhered to the Masstrict (sp) criteria Greece amongst others wouldn't have been allowed to join up in the first place and the PIIGS wouldn't be in today's bother.
This is the famous Credit Default Swap by Goldman to get Greece into Eurozone
Goldman at the epicenter of yet another crisis? Say it aint so!
Two thieves make God laugh !!
Do you see it... GS involved hijacking Greece. C'mon people, who's fault is it?. Only ex-governments before Syriza are responsible for Greece's recession. It's everybody's fault that Greece has fallen from the GOLDEN era to the DARK era. To a point that only TOURISTS would save them.

Greece was the centre of Diplomatic events and we Europe let 'em vanish as their Temples.

- LENDING MONEY IS ALWAYS A BASTARD THING TO DO.
Quoting fxx360
Two thieves make God laugh !!
IMF AND WORLD BANK, am I right?
It's about time these Goldman Sachs shylocks were forced to give back some of their ill-gotten gains. Unfortunately the political leaders of the west are in their pockets so it'll never happen.
Tsipras:"I'm here for an honest compromise. We can reach an agreement tonight if all parties want it."

Thank the power that be, that the other EU politicians are open & honest.(LMAO)

Wasn't it a week ago that the NO vote rejected austerity measures that will now be implemented (if there is an agreement)?

Gonna buy shares in Vaseline Petroleum Jelly & KY cuz they might be the biggest imports demanded by the Greek people.
Shit rolls downhill..
As the lights go by so too do the shadows move
Quoting glenngie
This is the famous Credit Default Swap by Goldman to get Greece into Eurozone
Yes, Ihave been waiting for this can to get kicked down the road.
Oh well, that's what you get with a left wing democratic, progressive government. They destroy the middle class, EX: look at Detroit,( Car Industry) Pennsylvania( steel industry) the USA. Oh the same thing is coming to the USA but the people are to naive to see or know whats coming. And the current Republican party is no better then the democratic party, one in the same and people believe the party's a different. Unbelievable. Wake up people!!!
Quoting Mosmoney
Always somebody else's fault! I Brussels had adhered to the Masstrict (sp) criteria Greece amongst others wouldn't have been allowed to join up in the first place and the PIIGS wouldn't be in today's bother.
Schaeuble had thought it wise that different countries join the Euro at different times when they were ready as he could see the countries were moving along at different speeds but before the Euro went live his party had lost power in Germany. The course of events has vindicated him times over.
No matter the outcome you have to feel for the Greek people; they're the one's who will pay the price.
Hej.
This just shows how the high brass are also not up to standard when it come to matters that really matters. Their is too much to eat and drink at these "meetings", "congresses" and summits. Just wasting more taxpayers money.

I would love to know how much money is spend on just one of these eat and drink meetings (parties).
Quoting Elisabeth
Schaeuble had thought it wise that different countries join the Euro at different times when they were ready as he could see the countries were moving along at different speeds but before the Euro went live his party had lost power in Germany. The course of events has vindicated him times over.
Very valid point.
Quoting Fx-Baron
Oh well, that's what you get with a left wing democratic, progressive government. They destroy the middle class, EX: look at Detroit,( Car Industry) Pennsylvania( steel industry) the USA. Oh the same thing is coming to the USA but the people are to naive to see or know whats coming. And the current Republican party is no better then the democratic party, one in the same and people believe the party's a different. Unbelievable. Wake up people!!!
Politicians are all a lot of scumbags. They're just there to advance their own interests and got interested in the public domain only when some unfortunate incident happens. Then they suddenly wake up and run around for a day or two.
Quoting Pharm0r
Goldman at the epicenter of yet another crisis? Say it aint so!
Amazing how this Blood Sucking institutions name keeps popping up in scandals
Come with me if you want to live....
Quoting Ill-b-back
Amazing how this Blood Sucking institutions name keeps popping up in scandals
Trouble is, it's history repeating itself, Standard Oil (now ESSO & others) just got too big and powerful (so big it not only got a rebate on it's own oil shipments from the railways, it also got a rebate on the competitions shipments as well), once an institution becomes bigger and more powerful than the Government, Regulators, Law ... simple it controls the system, becomes immune from prosecution until someone in Government comes along and gets enough support to break it up into little pieces (then the whole thing attempts to repeat but fails as the systems immune thru' law for another generation , or 5 like Standard Oil.

The guy who said Goldmans were a "Blood Sucking Squid" was correct but, having seen how they operate

Mario Draghi - Head of the ECB
Mario Monti - Unelected Prime Minister of Italy
Mark Carney - Head of the B of E
Hank Paulsen - Fiance Secretary
Timothy Geitner - Treasury Head

Etc, etc, etc

I'd more assimilate them to a virus , like Ebola, and to stop that you don't need a "Bigger Boat" you need to quote Travolta in Broken Arrow "The Crowd Pleasers" Come on Republican Party , someone must be big enough to take this one on
Quoting NewtonsCash
Trouble is, it's history repeating itself, Standard Oil (now ESSO & others) just got too big and powerful (so big it not only got a rebate on it's own oil shipments from the railways, it also got a rebate on the competitions shipments as well), once an institution becomes bigger and more powerful than the Government, Regulators, Law ... simple it controls the system, becomes immune from prosecution until someone in Government comes along and gets enough support to break it up into little pieces (then the whole thing attempts to repeat but fails...
Yes, so we basically have crooks moving from the underground to above ground to control global monetary traffic.
It would have to be the largest highly organized crime syndicate in history
Come with me if you want to live....
Goldman should be sued by BOTH Greece AND EU AND ECB AND IMF AND anybody who suffered damage due to their unscrupulous action!

In fact they should be tried in the War Crime tribunal in Hague. Just because it involves money doesn't make it less of a crime or war.
Make your losses in demo. Earn your profits live.
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  • Posted: Jul 12, 2015 2:14pm
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     Newsstand
    Category: Entertainment News
    Comments: 22  /  Views: 6,608