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.
Capture the Flag: Rebels & Rainbows 2015-07-02 5:24
The White House turned into a rainbow as the Supreme Court declared same-sex marriage legal nationwide, bypassing state sovereignty. While the country is wooed with rainbow magic, have they now forgiven the government of their many trespasses? How concerned are they about human rights, while removing the Confederate flag in the south? Tearing down one symbol and lifting up another ...
Facebook looks to reduce white share of staff 2015-07-02 3:52
Facebook CEO Mark Zuckerberg has voiced a desire to transform the demographics of Facebook's employee base to better echo the company's billion-plus international users. However, Facebook's most recent diversity report revealed that white men continue to have a claim on positions at Facebook.
The online social networking service claims that diversity is central to the company's mission, observing &"Our work is producing ...
New DOJ Statistics on Race and Violent Crime 2015-07-02 2:36 Numbers finally include Hispanics as an offender category.
Heather Mac Donald of the Manhattan Institute has just published a table of statistics on race and violent crime that she received from the Department of Justice. For the first time in figures of this kind, DOJ has treated Hispanics as a separate category rather than lumping them in with whites. These data cover all ...
Fanning the Flames of Another Black Church Arson Hoax 2015-07-02 0:57
America is still reeling from the horrific Charleston, S.C., massacre at Emanuel African Methodist Episcopal Church that claimed the lives of nine innocent people.
The last thing the community and our country need are hysterical journalists compounding the pain with inflammatory reporting on an unsubstantiated “epidemic” of black church arsons.
On Monday, a Baltimore Sun lead editorial decried “a series of mysterious ...
Cold War Redux: Do you want to fight in World War Three? 2015-07-02 0:04
The rhetoric coming of Washington is pushing us dangerously close to a world changing scenario.
In the following episode of CrossTalk, Peter Lavelle discusses the way Russia and Putin are being framed by Western governments and mainstream media with guests including Chris Hedges. The dangers of ignoring historical context when reporting ‘news’ is examined, along with the pure ‘imperial hubris’ of ...