US GREED KILLS GREECE
The entire economy of Greece is about to fall into an abyss of financial ruin craftily created by savvied financial wizards of Wall/War Street: the advisors and traders, the likes of Goldman Sachs, JP Morgan Chase.
Who will suffer? Naturally the hardworking people and the working poor!
Who will benefit? Traders and the financial advisors and rich investors
I’ll spare you the gory details and leave you with telling quotes which appeared today:
• “It’s the blind leading the blind,”
-Sylvain R. Raynes, an expert in structured finance at R&R Consulting in New York.
• “It’s like buying fire insurance on your neighbor’s house — you create an incentive to burn down the house,”- Philip Gisdakis, head of credit strategy at UniCredit in Munich.
• “…traders who own these swaps stand to profit” –NYTimes today
• “In common parlance, these bankers are rats. They gain your trust, you share with them your confidences and they sell you out to the highest bidder .Anyone who has seen Goodfellas knows what happens to rats” .
-Saranac 21s UES February 25th, 2010 7:00 am in the NY Times comments section
Bottom Line: GREED KILLS
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