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    The ongoing looting of the Greek economy is yet another manifestation of anarchical bank behaviour. Accounting creativity orchestrated by Goldman Sachs (which received $10 billion from the US government to stay in business in 2008) and overseen by the then head of their European operation Mario Dragi enabled Greece to join the euro and precipitate another crisis we will all pay for, not those responsible at Goldman Sachs, corrupt Greek politicians, or inept EU ones. Dragi is now head of the European Central Bank charged with dealing with the financial disaster he initiated - arsonist lately employed as fireman and being handsomely rewarded for both pursuits. Why are we pursuing the victims rather than the offenders?
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    Wasn't there a thread about congratulating the Greek people for voting an extreme left wing government in.

    Looks like it wasn't so great an idea.
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    (Original post by MatureStudent36)
    Wasn't there a thread about congratulating the Greek people for voting an extreme left wing government in.

    Looks like it wasn't so great an idea.

    Well, there's one thing we can strongly agree on. ''Anti Austerity' code for Anti Responsibility, pah!

    And Sturgeon likes to go around on a helicopter fighting for more borrowiung. Pathetic.
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    I bet the OP watches Russell Brand videos.
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    Since none of the contributors so far have addressed the post I surmise they have difficulty analysing propositions and intelligently responding to them. The offence of deception and aid and abet deception to obtain pecuniary advantage have been committed by Goldman Sachs and the corrupt Greek politicians. Before the Greek entry into the euro was approved Goldman Sachs took German and Dutch bank liabilities (loans that had been approved previously to purchase Dutch and German defence equipment) off the national balance sheet that was presented for approval to the EU. The Greek politicians involved increased their Swiss bank accounts and Goldman Sachs (headed by Mario Dragi) walked away with a fat commission. How can anyone who believes in the rule of law support the demonisation of the victims of yet another financial scam?
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    (Original post by landscape2014)
    Since none of the contributors so far have addressed the post I surmise they have difficulty analysing propositions and intelligently responding to them. The offence of deception and aid and abet deception to obtain pecuniary advantage have been committed by Goldman Sachs and the corrupt Greek politicians. Before the Greek entry into the euro was approved Goldman Sachs took German and Dutch bank liabilities (loans that had been approved previously to purchase Dutch and German defence equipment) off the national balance sheet that was presented for approval to the EU. The Greek politicians involved increased their Swiss bank accounts and Goldman Sachs (headed by Mario Dragi) walked away with a fat commission. How can anyone who believes in the rule of law support the demonisation of the victims of yet another financial scam?
    Posting more incoherent ramblings isn't helping to explain.

    Are you upset that the Greek government borrowed beyond its means and your upset it has to pay back the money?
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    (Original post by landscape2014)
    Since none of the contributors so far have addressed the post I surmise they have difficulty analysing propositions and intelligently responding to them. The offence of deception and aid and abet deception to obtain pecuniary advantage have been committed by Goldman Sachs and the corrupt Greek politicians. Before the Greek entry into the euro was approved Goldman Sachs took German and Dutch bank liabilities (loans that had been approved previously to purchase Dutch and German defence equipment) off the national balance sheet that was presented for approval to the EU. The Greek politicians involved increased their Swiss bank accounts and Goldman Sachs (headed by Mario Dragi) walked away with a fat commission. How can anyone who believes in the rule of law support the demonisation of the victims of yet another financial scam?
    Part of this problem may be caused by the fact that when a global investment bank does something dodgy concerning a large European country's finances, the exercise of apportioning blame becomes more complex than our laws may have been designed to deal with. It's unquestionable, I think, that Goldman has blood on its hands with respect to Greece's entry to the Euro, but whether anything criminal has been done is a question that nobody on here is likely to be able to answer accurately.

    Another part of the problem is that there is a revolving door between global investment banks, regulators and central banks. The SEC in the States, for example, has been very slow to crack down on Wall St banks and similar firms. Part of the reason for that is that many employees at the SEC plan fully on jumping ship to earn megabucks at a financial institution one day. Same story in Washington DC.
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    (Original post by MatureStudent36)
    Posting more incoherent ramblings isn't helping to explain.

    Are you upset that the Greek government borrowed beyond its means and your upset it has to pay back the money?
    Bent Greek politicians borrowed the money not the Greek people they should be held to account not the people.
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    (Original post by TurboCretin)
    Part of this problem may be caused by the fact that when a global investment bank does something dodgy concerning a large European country's finances, the exercise of apportioning blame becomes more complex than our laws may have been designed to deal with. It's unquestionable, I think, that Goldman has blood on its hands with respect to Greece's entry to the Euro, but whether anything criminal has been done is a question that nobody on here is likely to be able to answer accurately.

    Another part of the problem is that there is a revolving door between global investment banks, regulators and central banks. The SEC in the States, for example, has been very slow to crack down on Wall St banks and similar firms. Part of the reason for that is that many employees at the SEC plan fully on jumping ship to earn megabucks at a financial institution one day. Same story in Washington DC.
    So corruption rules OK - say no more.
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    (Original post by landscape2014)
    So corruption rules OK - say no more.
    What?
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    (Original post by landscape2014)
    Bent Greek politicians borrowed the money not the Greek people they should be held to account not the people.
    Doesn't work like that I'm afraid. Greece is a democracy. It's politicians are accountable to the public. The Greek population werre so prinicipaled as to continue to vote them back in and use the money that was borrowed.

    It's a real pity that they voted in Syriza was voted in. Things looked like they were improving.....then theyvotwdnin a socialist hivernwmnt and screwed it.
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    Right wing posters here make it out that its a choice between irresponsible Socialism and Neo-Liberal Capitalism.

    But what do these Right wing posters offer? They offer a solution which unites people against the most vulnerable for economic recovery. It is basically save yourself shoot the wounded mentality. There is no economic plan behind it. All they talk about is giving all the life boats to the well off and let the poorest sink.

    There is a alternative but it means everyone taking a equal burden while meeting everyone's basic needs. Basically it is tax the rich by 80% and encourage the poor to work extra long hours on low wages. If we did this the country would be united in getting the deficit down.There would be a united vision.

    The only thing we are united in at the moment is kicking the poorest people in the groin and repeating the long term economic plan will save us.

    What has happened is the poorest are doing all the work to sort this recovery out while the rich are given more privileges.

    And let me remind you: History does not remember the wicked. History only remembers the moral strong. No one praised the Sheriff of Nottingham did they? Where are the Sheriff of Nottinghams movies? There are loads of Robin Hood ones.

    Robin Hood the Socialist.
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    (Original post by landscape2014)
    Bent Greek politicians borrowed the money not the Greek people they should be held to account not the people.
    Except it's a cultural thing in Greece, the priceless that had to this massive debt have been there for decades but there was clearly no cash from the public to sort this out otherwise a more sensible party would have been formed and come to power. The Greek people had the opportunity to clean things up before the mess was made but choose not to

    At least this government had the decency to pay its dues, even if it is literally bankrupting the country and resorting to perhaps unconstitutional measures to do so.

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