Greece’s Prime Minister Papandreou blames their economic melt down on US banks and plans to take legal action. In an interview with CNN’s Fareed Zakaria that was filmed on May 10 and scheduled to air today, Papandreou stressed that there were investigations taking place in several different countries including the US to determine the cause of the financial collapse.
U.S. stocks fell and the euro slumped on concern that Europe wouldn’t be able to contain the debt crisis stemming from Greece. The Standard & Poor’s 500Index declined 1.9 percent May 14, while the euro fell below $1.24 for the first time since November 2008.
Papandreou said the decision on whether to go after U.S. banks will be made after a Greek parliamentary investigation into the cause of the crisis.
“Greece will look into the past and see how things went,” Papandreou said. “There are similar investigations going on in other countries and in the United States. This is where I think, yes, the financial sector, I hear the words fraud and lack of transparency. So yes, yes, there is great responsibility here.”
Is there a possibility that there are covert reasons the Obama administration pledged 50 Billion without preconditions to Greece’s stability?
The White House will readily pat itself on the back for preventing another catastrophe; however, the banks and Obama have maintained a close if not incestuous relationship in the recent past. Are we buying Greece’s silence with US taxpayer money? Did we not promise enough?
Greece’s investigation will be very interesting, Obama wont have a sympathetic state directed media in Europe to help whitewash any collusion and Greece has certainly suffered as a result of the financial crisis. The words Fraud and Lack of Transparency are obviously being picked up from America’s Alternative Media and causing an apprehension among Europeans.
On financial information (and statistics in general): “numbers will quickly confess to whatever is asked of them.” There was massive lying going on and there’s been massive lying going on here. Maybe, as some say, it’s a lost cause and a ploy from the Greeks to shift blame, but I say, when thieves fall out, they fall on each other, so bring it on. It won’t hurt to keep the comparison of the two countries in the public eye. Even one pebble can start an avalanche.
PATTER: very well said,i can tell you’r an artist with words.
bye
Screw Greece. Let them go under. When the dust clears they can start over…..if they know how.
Minuteman, I am inclined to agree with you: however no one knows the collateral damage that will occur if Greece falls and then Europe, will we be caught in the avalanche or can we stand alone. This is a new game and no one except maybe Soros, Obama’s Sugar Daddy, understands the rules.
For one thing it is our money and we have no say in the matter, is it a band aid or a solution, did Obama say we will give you money if you stop playing patty cake with public service unions? I doubt it, at least it isn’t going to Hamas to buy rockets and bombs, like the dubious grants earlier probably did; but it might be like the Stimulus Hoax, designed to make rich men filthy rich.
We are in serious trouble and November can’t come soon enough: we can’t trust a man who lies when the truth would serve him better
Skookum – Wouldn’t bother me at all if Soros met with an accident or acquired a terminal illness. How is it we have an 80 year old former Nazi sympatico pulling the strings for Obama? Wouldn’t be tolerated with a GOP POTUS but these Marxist bastards are getting away with it.
Oh, thanks, ilovebeeswarzone.
Minuteman, you know Soros is an American. An interesting guy who claims he has become a Godlike personage. And now his dreams of world governance through Socialism are being championed by his boy Obama.
Skookum – Soros was born in 1930 in Hungary. During WWII he fingered Jews for the Nazis. He is one evil mfer, and a commited Communist. No way in hell should he have been allowed to have influence within our political system. Anyone who follows his lead is an enemy of this country. His demise can come none too soon.
Minuteman we are on the same side of the fence, although Soros has been a frequent guest at the White House and funds much of the Democrats media and propaganda. We hopefully, really tick him off.
I have predicted the fall of Greece last year! Just wait for the war when the Turks move in. Some Communist Greek MP already suggested to the Turkish Delegation to let Turks move into Greek Islands in the Aegean without paperwork!. Israel, Greece and Taiwan…In the mean time, Mr. Buffet is selling his share in the market and trying to get out of it, I wonder why? and what does he know that will make him get out of the stock market? Inflation?…War?
Uri, I saw today that Buffett was selling *completely* out of a couple of health “corpse”… United and one other. Also some oil. But he also bought into some others (not oil or health related) that I have promptly forgotten. I think it was Fox Business with Dagen McDowell that did a segment on what Buffett was buying and selling. Found out thru an SEC filing. Don’t know if you meant he was bolting completely out of the market or not… but he isn’t. Just changing his portfolio. Interesting he was running from private health insurers.
MATA:hi, i think if BUFFET is smart as we know him to be, he’s going to fund the conservatives from now on.
bye
SKOOKUM: hi, check this : BILL pass hb1388…20000000.3 dollards to move member and supporters of HAMAS terrorist organisation to the USA with housing,food,at the taxpayer money.
bye this was an executive order from president on “migration”assistance to thePALESTINIANS refugee in GAZA.
SKOOKUM: we ar talking about thousands of peopleand more…