What a surprise. A nation goes under, Kali, with millions in financial hardship and all you can think of is how to profit from the hardships of others.
You make me want to throw up. You going to short-sell Greek securities too? Try to bankrupt the Greek people as well so you can buy summer homes that used to belong to people who are killing themselves or joining Golden Dawn because the old Greek government and Goldman Sachs bankrupted the country? And you wonder why I am a critic of Goldman Sachs.
"In 2001, Greece entered the European Monetary Union, swapped the drachma for the euro, and acquired for its debt an implicit European (read German) guarantee. Greeks could now borrow long-term funds at roughly the same rate as Germans—not 18 percent but 5 percent. To remain in the euro zone, they were meant, in theory, to maintain budget deficits below 3 percent of G.D.P.; in practice, all they had to do was cook the books to show that they were hitting the targets. Here, in 2001, entered Goldman Sachs, which engaged in a series of apparently legal but nonetheless repellent deals designed to hide the Greek government’s true level of indebtedness. For these trades Goldman Sachs—which, in effect, handed Greece a $1 billion loan—carved out a reported $300 million in fees."
http://www.vanityfair.com/news/2010/10/ ... nds-201010
You make me want to throw up. You going to short-sell Greek securities too? Try to bankrupt the Greek people as well so you can buy summer homes that used to belong to people who are killing themselves or joining Golden Dawn because the old Greek government and Goldman Sachs bankrupted the country? And you wonder why I am a critic of Goldman Sachs.
"In 2001, Greece entered the European Monetary Union, swapped the drachma for the euro, and acquired for its debt an implicit European (read German) guarantee. Greeks could now borrow long-term funds at roughly the same rate as Germans—not 18 percent but 5 percent. To remain in the euro zone, they were meant, in theory, to maintain budget deficits below 3 percent of G.D.P.; in practice, all they had to do was cook the books to show that they were hitting the targets. Here, in 2001, entered Goldman Sachs, which engaged in a series of apparently legal but nonetheless repellent deals designed to hide the Greek government’s true level of indebtedness. For these trades Goldman Sachs—which, in effect, handed Greece a $1 billion loan—carved out a reported $300 million in fees."
http://www.vanityfair.com/news/2010/10/ ... nds-201010
“I would unite with anybody to do right and with nobody to do wrong." --Frederick Douglass