If someone here can explain how any one of the Big Wall Street players

[truedelphi]

Are not criminal in their dealings, akin to the three card monte players, I would like to hear it?

The so-called "knowledgeable and expert" financiers on various financial blogs are typing out, at this moment, how the people in Greece had better get with the new program, and learn to live without Social Security (Greek equivalent,) social programs and also learn to live without good paying jobs. Because the Three Card Monte scam that the Greek people were sold, not through the wishes or desires of the Greek people, but by their financial advisers, their bankers and their government officials is now a scam leaving that nation destitute should it decide to pay off the other nations who helped hoodwink them.

Is it really logical thinking that those who have been hoodwinked should then (on top of every financial calamity visited up on them), pay back to those who defrauded them the very debts the fraudsters encouraged them to pile up? While those who did the defrauding are uising their connections to not only avoid suffering in the least, but are getting such significant appointments as Ambassador to Germany?

[dkf]

1. Actually I thought the previous government had overspent and was hiding it?

Im not sure we can blame Greece on Wall Street.

The amount of tax fraud is staggering though. Too much of their economy is on a cash basis and is unreported.

[Cleita]

2. It's the IMF who is at the bottom of this.

If the EU could have come up with the money without the IMF, I think the out come would have been different. I don't know why the IMF espouses Friedman economics, especially since Dominique Strauss-Kahn, the managing director, is supposedly a socialist, but in the last decade has been behind privatization and deregulation wherever he has served as an economist. Friedman economics has been a failure everywhere it has been tried throughout the world, well a failure for 90% of the populace. The top 10% are doing fine and since they are controlling global economics, I guess life for the rest of us will be a shell game until we can figure out a way to make them stop.

[truedelphi]

3. I agree with your posting, in part at least. The IMF causes so much of the

Financial shenanighans normal to most nations' financial turmoil and struggles.

However I can never use the word "bottom" with IMF, as I see IMF at the top of the heap, with us working class people at the bottom, as the IMF cracks its pretty little whips over the destitute millions everywhere.

Most people are only familiar with IMF through the snazzy headlines such as "IMF offers " here fill in blank as to huge sum" to the people of Bolivia, or Ecuador, or ..."

Etc.

When in reality what is happening is that through their lending policies, the IMF sees to it that the very resources of whatever nation receives such loans then become quickly disposable at pennies on the dollars to the nations that have officials running the IMF.

[dkf]

4. It's not the EU. It's Germany that is balking.

Merkel is facing elections and the German people are against bailing out Greece. They see that Greece is much more generous in it's social programs than Germany and they don't understand why they should fund Greece's social programs.

[RM33]

5. You can't blame Wall Street.

The Greek brought on themselves. They lived beyond their means and now the chicken have come home to roost. The same thing is happening in California.

Government can only spend what it take in. If a government decides to run affairs on debt, eventually the debt must be paid. What happened to Greece is called reality.

That reality will hit the Federal government some day. You can't live off a credit card forever.

[Po_d Mainiac]

6. Arrest them now and crash the system

or arrest them after the next crash

There was a strange moment last week during President Obama’s speech at Cooper Union. There he was, groveling before a cast of Wall Street villains including Goldman Sachs chief Lloyd Blankfein, begging them to “Look into your heart!” like John Turturro’s character in Miller’s Crossing…when out of the blue, the POTUS dropped this bombshell: “The only people who ought to fear the kind of oversight and transparency that we’re proposing are those whose conduct will fail this scrutiny.”

The Big Secret, of course, is that every living creature within a 100-mile radius of Cooper Union would fail “this scrutiny”—or that scrutiny, or any scrutiny, period. Not just in a 100-mile radius, but wherever there are still signs of economic life beating in these 50 United States, the mere whiff of scrutiny would work like nerve gas on what’s left of the economy. Because in the 21st century, fraud is as American as baseball, apple pie and Chevrolet Volts—fraud’s all we got left, Doc. Scare off the fraud with Obama’s “scrutiny,” and the entire pyramid scheme collapses in a heap of smoldering savings accounts.

more at link

http://nypress.com/article-21163-fraudonomics.html

[grasswire]

7. wow

"Because in the 21st century, fraud is as American as baseball, apple pie and Chevrolet Volts—fraud’s all we got left, Doc."

[truedelphi]

8. Will go off to check out that link.

As dar as i am concerned, i am far more for those mere people in Greece and elsewhere that do not feel like giving up their very lives so that the Fat Cat exploiting lying cheating immoral rat bastards can continue to pig out. I imagine these swine would say that their their deeds may have been "legal."

But it is a faulty legality that allows the purchase of same. Much of what the Nazis did in WWII was legal too - as they had the power to even make murdering people to be viewed as "legal," as long as those that they plundered and killed were called "terrorists." Yet the Nuremberg trials still found them guilty - as no one is immune to eventually being called to task for avoiding acting in a moral and decent way.