cyu
13th April 2010, 07:22
Interesting article from a semi-mainstream site:
Excerpt from http://trueslant.com/matttaibbi/2010/04/06/the-no-pay-movement/
debts countries like Greece owe to banks like Goldman Sachs for loans and rate swaps are illegitimate since they were criminal deals, made with the intent to cook Greece’s books and defraud the citizens of Greece out of their tax money. He therefore proposes that Greece should simply stiff Goldman for those obligations and that, furthermore, American banks should be expelled from the country while the government temporarily nationalizes its banking system and establishes its independence from the financial services industry.
Excerpt from http://trueslant.com/matttaibbi/2010/04/06/the-no-pay-movement/
debts countries like Greece owe to banks like Goldman Sachs for loans and rate swaps are illegitimate since they were criminal deals, made with the intent to cook Greece’s books and defraud the citizens of Greece out of their tax money. He therefore proposes that Greece should simply stiff Goldman for those obligations and that, furthermore, American banks should be expelled from the country while the government temporarily nationalizes its banking system and establishes its independence from the financial services industry.