Goldman Sachs has admitted that it is under investigation for helping Greece to hide its vast debts.
The controversial Wall Street bank - nicknamed the Vampire Squid because its tentacles stretch far and wide - is accused of having profiteered out of a complex currency deal that helped Greece massage its finances.
In a regulatory filing in the U.S., Goldman disclosed that is ’subject to a number of investigations and reviews by various governmental and regulatory authorities in connection with its financial transactions with Greece.
The European Commission has already been probing the bank’s relationship with Athens. It is unclear from the disclosure, how many other countries might be looking into its dealings with the Mediterranean state.
The Wall Street giant is claimed to have received as much as £192m in fees by entering a complex currency transaction in 2001 that helped Athens borrow cash without putting it on the books as a loan.
The so-called ’swap’ deal helped Greece meet eurozone limits on government borrowing.
Not Again: More US AID, Missiles Shipped to al Qaeda, al Nusra and ISIS in Syria, Iraq 2015-03-06 4:28
Two weeks ago, 21WIRE reported on how ISIS and other terrorists militants operating in Syria and Iraq are receiving regular weapons and ‘supply drops’ – forming a ‘rat line’ which seems to be playing a crucial role in keeping this highly profitable conflict going on both sides.
This week, it’s been reported that Jabhat Al-Nusra fighters have been brandishing US-supplied ...
White US children will be minorities by 2020 after immigrant 'baby boom', Census reveals 2015-03-05 19:50
This is the result of an ongoing trend of declining birth among white Americans and a baby boom among immigrant groups, as well as a surge in immigration.
By the year 2020, 50.2percent of all children in the US are expected to be non-white, according to the Census. By 2044, whites will be outnumbered by minorities.
The Census study, released ...
New Jersey Shopkeeper Hangs 'White History Month' Sign In Window 2015-03-05 18:08
A deli owner in Flemington, New Jersey, has angered many of his neighbors by posting a sign on his window that reads, "Celebrate Your White Heritage in March White History Month."
Jim Boggess, who is the owner of Jimbo's Deli, says he put up the sign to remind everyone that they should be proud of their race and culture.
"No matter what ...
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