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.
Boston Bomber Carjacking Unravels 2014 03 11 An exclusive WhoWhatWhy investigation has found serious factual inconsistencies in accounts provided by the only witness to the alleged confession of the Boston Marathon bombing suspects.
Why does this matter? Because this witness is the sole source for the entire publicly accepted narrative of who was behind the bombing and its aftermath—and why these events occurred.
In case we’ve forgotten how convoluted ...
3 Years On: Events, Questions Mark Fukushima Anniversary 2014 03 11 Three years on and the extent of the environmental, human and economic repercussions of the Fukushima incident continue to reveal themselves. Fukushima “fallout” is both literal in terms of radioactive materials, and figurative on a global scale. The politics and opinions around the nuclear issue are far from settled.
In Japan anti-nuclear sentiment runs high, with protesters recently marking the anniversary ...
Real Ukraine Issue: Rogue Reactors and Putin’s ’No-Bama’ Zone in Crimea 2014 03 11
Another week into the ‘Crimea Crisis’ and the kamakizi war rhetoric is still spewing out of Washington, London and their multinational corporate media arms.
You’d think it was Red Dawn all over again, only it’s not.
It all sound very impressive and pumped up in the news rooms, but is there any real substance in it – other than keeping oil and ...
Spraying Chemtrails to ’Reduce Pollution’ 2014 03 11
The noxious smog choking Chinese cities is globally notorious, with photos showing the grey darkness that swallows citizens as they try to go about their lives. The thick clouds sometimes turn day to night, and wreak havoc for those with respiratory ailments. Reports of how toxic and damaging the smog is to humans and the environment completes the nightmare scenario, ...