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Greece Finance Ministry Official Denies Budget Deficit Explosion, Says "Goldman Misunderstood Data"
Goldman is not making any friends today (to be expected - Greece likely does not need Goldman's creative swap accounting anymore - after all, they (Greece, not Goldman) are bankrupt right? Why else would they need a bailout). Earlier we first reported about Goldman's novel read of the "revised" Greek budget. It appears Greece is not too happy with this and is already blaming Goldman for data misinterpretation. We await Erik Nielsen's mea culpa.
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Goldman feigns ignorance again. I'm shocked.
I doubt the squid made a mistake.
Is this like rape dating where no means yes... or is it more along the lines of the classic "Baby, i promise of i won't _um in your mouth?" Either way, it is fraud and someone is not being honest.
<sarcasm> i know, i know, hard to believe that anyone in the financial sector would ever be dishonest. </sarcasm>
"<sarcasm> i know, i know, hard to believe that anyone in the financial sector would ever be dishonest. </sarcasm>"
How dare you? The Gods of finance are the bastions....er....bastards of purity.
This is interesting banter between the victim and the criminal. Greece is in a bad spot but the real victim may be Germany. They are the ones that must decide whether or not to throw good money after bad. Yesterday's trial balloon crashed and burned.
Now we are going to get the argument that the rest of the world doesn't understand the way the Greeks publish their data...
"Ok, so we show the credit here and then we hide the debit in this swap we have done with Goldman Sachs and we have a 3% deficit. Now, it's 3pm, so let's all go home..."
According to http://stockmarket33.blogspot.com/ look out below. crisis is on!
Everyone, if you see a post from Cetin Hakimoglu aka "I am Ned," please mark it as junk immediately. This guy is a spambot.
This maggot posted the same crap over on the Seeking Alpha website until he was excommunincated by TPTB. Maybe Tyler and / or Marla will "unplug" this POS sooner rather than later.
"They misunderestimated me."
Greece has lots of stuff they can privatise the shit out of if Germany cuts them some slack for a while. They are practically communists. This is all just a big yawn.
The IMF should really step in but Sarko doesn't want DSK getting any kudos for saving Europe because DSK isn't a jumped up mirror licking runt with nothing going for him but elevator shoes and a bangable wife (who'll be offski the minute the Elysee Palace keys are handed back).
"Greece has lots of stuff they can privatise..."
Like shipping companies?
"Hey, children, what's that sound; everybody look what's going down."
Video of Greek street protest.
http://www.ft.com/cms/885d7916-e3aa-11dc-8799-0000779fd2ac.html?_i_refer...
They needed to clear out a lot of longs going into 02/20 EXP ... $$$$$ plant a story, short the market.
Oh the irony, US has teabaggers demanding cuts (and they are a bunch of fucking teabaggers too) while Europe has people protesting them.
I reckon neither protest group is going to get what they want.
Ahem...
"The Squid Ate My Budget Workpapers"
orly?
GS has a big bet on against Greece and the Euro.
It's also pretty obvious the CDS's can't pay off.
Um, uncle sam, you should be telling GS/JPM, etc if this fails, you ain't bailing them out.
Oh who am I kidding, since when did the obvious course of action ever get done? But perhaps they feel they'll make more on another area to cover those losses?
Throw Greece under the bus already. I'm tired of this soap opera.
Nothing can be paid off. All of these bozo merchant bankers are piling up worthless junk as assets that are valued to make them seem rich.
The people of this world are not going to accept the enslavement process and there is actually not even 10% of the manpower available to actually work for the paper value of all the assets that are accumulated by the Wealthy.
The rich exploiters are going to find out why it does not profit to gain the world and lose their souls.
You cannot gain the world. All you gain is the animosity of the majority of bankrupt citizens and they ain't going to be happy about it.
http://funy1.blogspot.com/2010/02/those-who-dont-remember-matrix-are.html
Goldman...Greek style...yummay!
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