The Greeks protesting today are not protesting (directly) because of Goldman Sachs.
I doubt that. Those who actually understand what happened know Goldman is an integral part of this...but for some reason this community seems absolutely immune to having any kind of discussion of the criminality at Goldman. I can bring up that Goldman has misrepresented and sold ARM mortgages in the States as fixed-rate mortgages, promising to new home buyers a fixed payment and driven thousands bankrupt - that they've "laddered" securities (driven up the price of stocks and then unloaded them knowing the price will crash) - that they've defrauded pension funds, and worse - and nobody seems to care.
http://www.rollingstone.com/politics/ne ... e-20100405
Odd to me. It's almost as if as long as these things are only happening to other people, nobody here cares.
No, I may not be Greek, but I have personal interest in this crisis. My best friend's father, who is a close family friend as well, is currently struggling in Greece with his long-owned club and restaurant on the island of Rhodes. His other family members in Greece, in both Athens and Thessaloniki, are also dealing with their own struggles because of this crisis.
Yes, my friend an I are seriously talking about acquiring property in Greece - in part to ensure his father has a reliable residence in the event that he loses his business.
Let us say that your best friend's father in better times acquired a new nightclub/restaurant with a set of books given to him stating that the club was essentially breaking even, secure in his ability to renovate and innovate - then after purchase found out the place was deeply in debt, needed renovations, and so on, and that all the club's creditors had been given paperwork stating to collect their debts from him.
Would he sue the accountant who did the filing and the former owner?
Well, that is what happened TO THE ENTIRE COUNTRY. Greece was in no shape to enter the Eurozone, but Goldman cooked the books anyway. If you or your friends have been personally affected by this, you ought to care that Goldman defrauded the Greek people, Germany, and the IMF all, and made $300m doing it - that the IMF has made $1.5 billion on interest on loans very few of the Greeks agreed to.
The reason you have stated for trying to acquire Greek property, however, is legitimate. More power to you and your best friend's father in the process.
The reasons Kali has stated - because the Greeks are "miserable Greeks", because he wants to "speculate a sinking ship", and so on - are not. Kali is not investing to "boost and stimulate" the economy and you know it. He wants to pick up property for the price of a car per usable lot and unload it for hundreds of thousands in happier times. It is not likely that the amount he wants to pay is going to "stimulate the economy" in any way and you have to understand that, Oracle. It's actually going to depress real estate prices and drive Greeks further underwater.
Now - if Kali is your only way to pick up property there, what am I going to say to that? Your best friend's father needs a place to live. I'm not going to condemn you for doing that, even if he's involved. But please do not do me, Greece, and any other protester of the corruption that allowed this to happen the injustice of trying to pretend that Kali is acting as some kind of savior of the Greek economy here. Other than trying to get you a property for your best friend's father - I strongly suspect Kali's investment in Greece is solely to benefit Kali.
Know what else has human costs? Tax dodging and corruption.
No doubt! But do you know what is happening? The tax dodging is getting punished so severely people are committing suicide over it - while the corruption at Goldman and in the old Greek government is not, not in any way that matters whatsoever. Why are you so eager to let Goldman off the hook?
“I would unite with anybody to do right and with nobody to do wrong."
--Frederick Douglass