Black Monday

Are you really wearing a tinfoil hat and participate in this ridiculous bridge building of anecdotes? I thought of you as more intelligent.

So now Goldman and Draghi are responsible for the mess in Greece? Lol

i960 said:
"Draghi was then vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee (2002–2005).[8]"

"Concerns were also expressed during the candidacy about Draghi's past employment at Goldman Sachs.[8][26] Pascal Canfin (MEP) asserted Draghi was involved in swaps for European governments, particularly in Greece, trying to disguise their countries' economic status. Draghi responded that the deals were "undertaken before my joining Goldman Sachs [and] I had nothing to do with them", in the 2011 European Parliament nomination hearings.[27][28][29]"

Previously worked at Goldman, now president of the ECB. What could go wrong...
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Which non Greek politician or beurocrats lied to "get Greece in"? And to whom did they lie and more importantly why? You make some of the most crass accusations yet keep on rejecting to substantiate your claims.

SunTrader said:
The politicians, the banksters, the bureaucrats ALL lied to get Greece in. Then the azz covering started. Now the squeeze job.

Nobody is innocent - except maybe the everyday ordinary people.
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volpunter said:
And why would have anyone let the Greeks in knowing they had no intention of attitude change?
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Power. That was the intent of the Euro experiment. One for all and all for one. Unfortunately for Brussels, it now (over the next couple years) will turn into job preservation. It's really quite simple.
 
volpunter said:
So now Goldman and Draghi are responsible for the mess in Greece? Lol
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No, that's not what I'm saying. I'm simply saying almost everything Goldman gets involved with turns to shit in other's hands - by design.
 
How is that related? Goldman advised Greece on some finances but was not involved to my knowledge when Greece joined the euro.

i960 said:
No, that's not what I'm saying. I'm simply saying almost everything Goldman gets involved with turns to shit in other's hands - by design.
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volpunter said:
How is that related? Goldman advised Greece on some finances but was not involved to my knowledge when Greece joined the euro.
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Goldman cleaned up the balance sheet of Greece in order to be able to join the Euro.
 
Greece: The Self-Inflicted Wounds of a Careless Country

http://www.msn.com/en-us/money/econ...icted-wounds-of-a-careless-country/ar-AAcHvJP

Just a small snippet of the full article:

"Greece has been cooking its books for decades. In 1992, the early days of uniting Europe, members were required to keep deficits below 3 percent of GDP. From the outset, Greece cheated. At the time, the nation’s railway system had more employees than customers and was running a billion Euros a year in the red. One former minister was quoted as saying that it would be cheaper to send everyone around by taxi than by rail. The company masked its losses by selling stock to the government; the transfers showed up as balance sheet transactions, hiding the gusher of red ink."
 
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