Obama and the 'savvy' bankers

[CHIMO]

Goldman doesn't just confine its savvy to the US economy; it shares it with the rest of the world as well. According to the New York Times it worked closely with the Greek government over the last decade to help it conceal its budget deficit. The trick was to construct complex financial arrangements that appeared on the books as "swaps", even though they were in fact loans. Greece was adding billions of dollars to its debt, and thanks to the ingenuity of the Goldman crew, no one knew about it until now.

http://www.guardian.co.uk/commentisfree/cifamerica/2010/feb/15/goldmansachs-useconomy


Greece and Brussels clash over debt crisis
The minister added that the role played by investment banks such as Goldman Sachs and JP Morgan in striking derivatives deals with the Greek government in order to conceal the true state of the public accounts was not unique to Athens. "Greece was not the only country using them ," he said.

http://www.guardian.co.uk/world/2010/feb/15/greece-brussels-clash-euro-stability

So now it looks like the demolition team is to reap some more landmines. Ones that they set up.

[yurbud]

1. Does the UN or the Hague have any laws governing economic terrorism?

[Double T]

2. Goldman Sachs needs to be closed down and sold off.

The executive management of Goldman needs to be stripped of their wealth and sent to prison for life. Oh, and don't forget to find a new democrat candidate to run for President in 2012. Enough of the hopey-changey BO BS.

[bvar22]

3. But the baseball players make Big Money.

I can't begrudge the FAILED Wall Street Bankers who extorted a Trillion Dollars from America's pockets.
After all, its the "Free Market"!

[upi402]

4. I feel so... unfresh and disenfranchisey

Funny that I come to the Economy topic forum to feel not so all alone! lol