EU BreakUp? Morale tale - Lagarde etc. Greece default 2012. Responses to EU crisis 2012. Spain crisis 2012. UK Riots. Wall Street’s Euthanasia of Industry. Michael interviewed on Guns N Butter with Bonnie FaulknerListen here “When I was in Norway one of the Norwegian politicians sat next to me at a dinner and said, “You know, there’s one good thing that President Obama has done that we never anticipated in Europe. He’s shown the Europeans that we can never depend upon America again. There’s no president, no matter how good he sounds, no matter what he promises, we’re never again going to believe the patter talk of an American President. Mr. Obama has cured us. He has turned out to be our nightmare. Topics: The jobless recovery; the debt ceiling and default charade; China; Greece: banks, not countries, receive the bailouts; financial warfare; IMF and EU; European Central Bank; US credit default swaps; US agricultural exports create food dependency; currency devaluation devalues the price of labor; class war of banks against the rest of society.
I’m Bonnie Faulkner. That’s why the stock market is down 160 points today. Rep. Ms. Mr. Mr. Mr. Why Isn't Wall Street in Jail? | Rolling Stone Politics. Europe stumbles blindly towards its 1931 moment. News Analysis - Britain Grapples With Debt of Greek Proportions. Sorry, America, We're Too Corrupt To Fix The Financial System. GFC origin: Debt Greed Hedging. Harold Meyerson - Wall Street's financial aftershocks - washingt. Like earthquakes, Goldman Sachs can strike anytime.
Its work can slumber undetected for years, only to erupt, unanticipated, with catastrophic consequences. Consider: In 2001, Goldman set up some opaque financial transactions for the Greek government, the New York Times reported last month. Last year, when a new government took office, it found that Greece's debt was far greater than the old government had acknowledged, thanks to deals that allowed borrowing to be treated as currency swaps rather than as loans. It also turned out that Greece's deficit wasn't 3.7 percent of gross domestic product but 12.7 percent. The role of Goldman Sachs and other U.S. investment banks in helping the Greek government hide its debt is being investigated. All in a day's work on Wall Street. It's not as though these kinds of transactions hadn't already wreaked havoc with the world economy. So you might expect Congress would have regulated the derivatives market, which it exempted from regulation in 2000.
ARMageddon. France AAA.