Now here is a headline one will never find in the US: "Former mayor, local officials sentenced to life for embezzlement."
This headline comes from Greece, which due to the country's insolvency, is finally back to the anachronistic practice of holding elected officials in positions of power accountable for their actions because the people are understandably angry and seek justice. Other "developed" countries have the luxury of distracting the public with such trivial sideshows as the Criss Angel school of levitating wealth effects and other illusions which have managed to delay the day of comparable reckoning for now. Hopefully Bernanke can continue his wholesale assault against savers for years and years, or else one may just get the US mainstream media reporting of such atrocities against the status quo in the US.
A court in the northern Greek city of Thessaloniki has convicted three of the city's former top officials, including a former mayor, and sentenced them to life imprisonment for embezzling more than €17 million from the municipality.
Former mayor Vassilis Papageorgopoulos, who was also previously a junior government minister, insisted he had not been involved in any embezzlement. The municipality's former general secretary, Mihalis Lemousias, and former treasurer Panagiotis Saxonis were also given life sentences.
All three are to be jailed later Wednesday.
Two former financial directors were sentenced to 10 and 15 years each, and were released pending their appeal.
And the man with the lots of letters in his name himself who wishes he was in Zihuatanejo: