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President Barack Obama on Tuesday urged European countries and bondholders to prevent a "disastrous" default by Greece and pledged U.S. support to help tackle the country's debt crisis.
A proposal for a second Greek bailout package worth 80 billion to 100 billion euros over three years was taking shape, euro zone sources said.
Is Goldman Sachs Running the U.S. Government? - I Say Yes. Editor's Note: The excerpts below are from an article in Newsweek. I think you will find them interesing, and there is a link to the full article. ‘Government Sachs’ Is Back Who's designing Geithner's rescue plan? Goldman guys, of course. by Michael Hirsh As it was in the beginning, so shall it be in the end: Goldman Sachs will be there. Back in the '90s and through the mid-'00s, major figures from Goldman Sachs such as Robert Rubin, Gary Gensler and Hank Paulson stood fast against derivatives regulation (Rubin and Gensler) and lobbied successfully for higher leverage ratios so they could bet more of their capital on the market boom (Paulson). When those policies came to grief and Wall Street imploded, and the Feds scrambled to rescue stricken insurance giant AIG, Goldman CEO Lloyd Blankfein was reportedly the only bank executive invited to an emergency meeting at the New York Federal Reserve (convened by then-Fed president Tim Geithner). Now Treasury Secretary Geithner—a Rubin protégé, of course—has assigned two more ex-Goldman men to fix the vast mess their colleagues helped to create. Read the full article at Newsweek.com - www.newsweek.com...
Originally posted by TribeOfManyColours
Guess who's Greece its financial advisor?
How many Goldman Sachs humans are in the government of the US?
Originally posted by haarvik
So, let's get this straight. We are broke. We are talking about a default on our notes. Yet we pledge millions of dollars to help someone else from default? Is it just me or does it seem like Obama really is a moron? WTF !?!?!?!? What the hell is wrong with people in this country that we refuse to stand up and say enough is enough! Are we really so complacent that we just look the other way and hope it will get better? Do we really believe that if we put spoiled milk in the fridge tomorrow it will be good? When the hell are the American people going to wake from their slumber? What is it going to take for us to band together and say stop or else!?!?!? I feel like I am one of a very few number of true Americans that love their country and are helpless in getting it back on track because the stupid f**king masses are too self absorbed to make a stand.
Goddamn it people! This is your country, your liberty, your life! FIGHT FOR IT!
He's only spent our money, our kids' money, and part of our grandkids' money. But he figures our grandkids will have kids, and he figures he hasn't spent their money yet, so he may as well give that to Greece. That way our great grandchildren will have something to do besides just spending money, they will have a debt to repay.
Originally posted by haarvik
So, let's get this straight. We are broke. We are talking about a default on our notes. Yet we pledge millions of dollars to help someone else from default? Is it just me or does it seem like Obama really is a moron?