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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: pogohere who wrote (113217)	7/22/2010 12:13:47 PM
From: Haim R. Branisteanu	1 Recommendation Read Replies (1) of 116555

There is a very basic mistake in the logic of the article because indeed the troubles, have originated with US entities cheating their EU counterparts as demonstrated in the GS & Toure SEC settlement. "Did Greece got into trouble for reasons “beyond its control”. Obviously not. This quote is incorrect as GS falsified the state of Greece government finances and please keep in mind Greece is not alone Secondly the BK of Lehman and Bear inflicted around 400 billion in damages world wide the US banks spread additional 500 to 700 billion of damages form JPM, MS, BAC or C IN summary EU countries localities etc., where plainly cheated pillaged and robbed by US entities and this is not only “beyond its control” but a "casus belli" against the US who still supports same institutions In a nutshell the German Professors engaged in the legal battle are plain chauvinist and idiots they better should make a case that the US Treasury should disgorged all the taxes received from illicit profits on WS whose firms and employees should be forced to return all illicit funds and earning the same way it is done in the Madoff case

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