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Thread: Greece may take legal action against US banks [edited]

  1. #31
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    Re: Greece may take legal action against US banks [edited]

    Quote Originally Posted by kaya'08 View Post
    Mr Papandrou, the horrific state of the Greek economy is as a result of GREEK stupidity and arrogance. First convenient claims that Germany had not properly compensated Greece during the WWII occupation of Greece, and now US banks are the sole reason Greece is on the verge of anarchy!

    How low of you all!

    Greece may take legal action against US banks - Hurriyet Daily News and Economic Review
    lol what a freaking joke, gee it couldn't have anything to do with the excessive spending of the socialists could it? I think the U.S. taxpayer should sue the Greek government for incompetence which is forcing us to use our tax dollars to help them out.

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    Re: Greece may take legal action against US banks [edited]

    Quote Originally Posted by PeteEU View Post
    And let me repeat again. This has to do with the banks helping the previous government, a conservative lead government, hide the debt of the Greek state. The hiding of the debt caused the problem with Greece, NOT the crazy spending habits. They did of course not help, but the lack of trust of the Greek government is the root cause of the Greek economic melt down, which is based in the fact that the Greek government under conservative leadership hid debt with the help of the US banks in question.
    lol you're blaming the conservative government with the debt crisis in Greece? Just one question, are you out of your ****ing mind?

  3. #33
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    Re: Greece may take legal action against US banks [edited]

    Zimmer's right. High time these mavro stavro pezevenki shistos gamore Greek's face up to there lies.
    Last edited by kaya'08; 05-17-10 at 12:39 PM.

  4. #34
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    Re: Greece may take legal action against US banks [edited]

    Quote Originally Posted by Agent Ferris View Post
    lol you're blaming the conservative government with the debt crisis in Greece? Just one question, are you out of your ****ing mind?
    Yes he is, but on this particular aspect I'm afraid he has a point. You can argue that their overspending is due to socialist policies BUT, it was the conservative party who lied about the deficit.

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    Re: Greece may take legal action against US banks [edited]

    ''Greece is considering taking legal action against U.S. investment banks that might have contributed to the country’s debt crisis, Prime Minister George Papandreou said.''

    Well, Greece should have taken more steps to avoid the crisis before it happened...

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    Re: Greece may take legal action against US banks [edited]

    the central bank has taken what it previously called the nuke option, which it pledged never to pull, by purchasing public debt of certain unnamed but obviously struggling eu nations

    FRANKFURT — The European Central Bank disclosed Monday that it had bought 16.5 billion euros in bonds in the first week since taking the unprecedented step of intervening in markets to halt a sell-off of Greek and other European debt.

    The bank did not say which countries’ debt it was buying, how much it would spend in the future, or whether it bought any corporate bonds. The 16.5 billion euros ($21 billion) was considered a relatively small amount for the market.

    Analysts said the bank would want to keep investors guessing to maximize the psychological impact of the move.
    wow!

    remember, obama and tax cheat in chief geithner have smuged THEIR overspending fingerprints all over this profligacy

    meanwhile, the plague as predicted spreads

    Europe?s Debt Crisis Casts a Shadow Over China - NYTimes.com

    china's currency is pressed up, her markets dragged down

    remember obama's promise to double exports in his sotu?

    the times does

    our prez is totally inept

    ominous: the vigilantes are vowing violence (institutional investors, mutual funds, pension funds, "bond market heavy hitters")

    Sovereign debt 'vigilantes' make Europe pay - MarketWatch

    one of em, mr gross, chief investment officer at pemco, spits contempt for the credit ratings agencies:

    "Oooh -- so tough!" Gross wrote with undisguised sarcasm in his May monthly commentary. "And believe it or not, [rating agencies] Moody's and Fitch still have [Spain's debt] as AAAs. Here's a country with 20% unemployment, a recent current account deficit of 10%, that has defaulted 13 times in the past two centuries, whose bonds are already trading at Baa levels, and whose fate is increasingly dependent on the kindness of the [European Union] and the [International Monetary Fund] to bail them out. Some AAA!"
    all too predictable

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    Re: Greece may take legal action against US banks [edited]

    greece's deputy tourism minister angela gerekou, a former topless model, resigned yesterday over SIX POINT EIGHT MILLION DOLLARS of unpaid personal taxes

    News Headlines

    THIS is the situation obtuse obama and his tax avoiding treasurer UNDERWRITE

    good luck with all that...

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    Re: Greece may take legal action against US banks [edited]

    Quote Originally Posted by PeteEU View Post
    No it was not his finance ministry. It was the previous conservative government's ministry.
    "Conservative" government? When has a gov't in greece, regardless of what some label it, been able to implement true conservative policies?

    No that is not what happened. The Banks came with a new fancy product they were peddling and the Greeks bought it. It is the same crap that brought down AIG and others.
    Please tell me you are fuc-ing kidding me...oh, those poor, poor addicted-to-debt Greek politicians, they just HAD to buy what the drug dealer banks were selling, they had NO choice...please tell me your smarter than what you wrote...

    Of course, but that does not excuse the investment banks helping the previous government hide the Greek debt from the auditors.. does it now..
    Genius - that is their JOB! Like accountants or tax attorneys, their JOB is to help their clients (i.e., Greek gov't) reduce taxes/debt whatever...

    What kind of ignorant, immature nonsense are you spewing...

    They are paid to do that, have you ever had a real job?

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    Re: Greece may take legal action against US banks [edited]

    Quote Originally Posted by PeteEU View Post
    This has to do with the banks helping the previous government, a conservative lead government, hide the debt of the Greek state. The hiding of the debt caused the problem with Greece, NOT the crazy spending habits.
    Wrong, you are just so wrong...ugh...

    Think for a second before responding - and address this question before you do...how did this debt get created in the first place?

    If you can grasp the meaning behind the question, then maybe you can understand the larger issue.

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    Re: Greece may take legal action against US banks [edited]

    Quote Originally Posted by PeteEU View Post
    Problem is Greece did not approach them.. the banks approached Greece with a product designed to hide the debt.
    SO WHO FORCED THE GREEK GOV'T TO BUY IT?

    Are you a troll, your posts are so unbearably stupid.

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