THE GIANT VAMPIRE SQUID ATTACKS: How Goldman Sachs caused the Greek economic crisis
Editors note: Originally posted 9/26/2011
You’re hearing a lot lately about the international financial problems being blamed on the Greek economy.
What is conveniently being kept hush hush is that the entire mess was caused by the deceptive and dishonest practices of Goldman Sachs and its COO Gary D. Cohn. who was cooking the books for the former Greek government since 2001!
Goldman Sachs not only made $300,000,000 for orchestrating this fraud on the international community but thanks to the cowardly Obama administration and the laughable Attorney General Eric Holder, Mr. Cohn, who makes Rupert Murdoch look like Jesus, doesn’t even register on the political criminal landscape. (Apparently this is not as important as what Arthur Andersen did at Enron. Remember them?)
Yes, all of this is widely known to insiders since the New York Times broke the story last February.
But as someone who has family in Greece, family whose lives and livelihoods are all in imminent daily jeopardy thanks to Mr. Cohn, I want him to return the $300,000,000 immediately back to the Greek Treasury and then I want Eric Holder to charge him with criminal fraud and conspiracy and killing Caylee Anthony. And then I want a pony for my birthday.
I don’t care what you charge him with, just put him behind bars. Liberals, even Jewish liberals at the New York Times, want the Obama administration to finger the wrongdoers and prosecute them but they’re curiously silent on who those people might be. I’m not.
Let’s start with Gary boy.
The NYTimes article ” Wall St. Helped to Mask Debt Fueling Europe’s Crisis,” which generated 354 comments online, begins:
Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts.
As worries over Greece rattle world markets, records and interviews show that with Wall Street’s help, the nation engaged in a decade-long effort to skirt European debt limits. One deal created by Goldman Sachs helped obscure billions in debt from the budget overseers in Brussels.
Even as the crisis was nearing the flashpoint, banks were searching for ways to help Greece forestall the day of reckoning. In early November — three months before Athens became the epicenter of global financial anxiety — a team from Goldman Sachs arrived in the ancient city with a very modern proposition for a government struggling to pay its bills, according to two people who were briefed on the meeting. (Italics are mine)
The bankers, led by Goldman’s president, Gary D. Cohn, held out a financing instrument that would have pushed debt from Greece’s health care system far into the future, much as when strapped homeowners take out second mortgages to pay off their credit cards.
It had worked before. In 2001, just after Greece was admitted to Europe’s monetary union, Goldman helped the government quietly borrow billions, people familiar with the transaction said. That deal, hidden from public view because it was treated as a currency trade rather than a loan, helped Athens to meet Europe’s deficit rules while continuing to spend beyond its means.
Of course, Greece’s books are not the only ones that Golman Sachs has cooked over the last decade. Among others, it’s cooked Italy’s books too. And guess which country is in danger next?
And they say they don’t make anything in America anymore? Wrong. They make international catastrophies. And billions of fraudulent dollars that help line Goldman Sachs campaign coffers for President Obama and President Bush, before him, to look the other way.
Who run the world, Beyonce? It’s not girls. It’s greedy, greedy little boys who would rather wreck the sandbox than let anyone else play in it. And then they have the nerve to ask us to pay to rebuild it!
That’s chutzpah, Mr. Cohn, any way Michele Bachmann pronounces it. And it gives a whole new meaning to David Sedaris’ comment that “Greeks are just Jews without money.”
Tom Kolovos is Editor in Chief of aControlledSubstance.com
Related Posts
YESUS: Kim Kardashian to give up newborn baby girl up for adoption after 72 days →
Tom Kolovos finally reviews “MDNA” by Madonna →
MEN’S STYLE: No reservations for the new dinner jacket →
Great piece! Thanks for pointing this out, as I missed the original NYT piece in February. Goldman Sachs and the rest of them are raping and pillaging the whole world. The protests on Wall Street need to grow. Where is the outrage?
All the outrage is apparently directed at Casey Anthony. Everyone knows her name. Who the hell knows Gary Cohn’s name?
You do have to wonder what responsibility the “major ” media outlets play in anesthetizing/duping the public.
I for one, to answer your question, have been outraged for at least since 2008.
Pingback: The School of Hard Knox: Why the Media Frenzy with Missing White Women and Female Criminals? | aControlledSubstance.com