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To: KyrosL who wrote (72970)3/19/2010 1:56:24 PM
From: Haim R. Branisteanu  Respond to of 74559
 
K, I beg to differ – there is a difference between WS and Hedge Funds and real companies. IMHO EU was after MSFT rightfully so – MSFT killed the competition period.

As to WS firms and their minions my opinion on them is well establishes on SI and before on Prodigy. As a New Yorker I meet many of those types – 50% or more are just scum and do not deserve to have a life. The more manipulative they are the more $$ they earn they cheat and steal on the pretense that if there is a loophole then break into it and steal what ever you can.

WS and Hedge funds make our cost of living much more expensive in any aspect they do not add any positive contribution to our quality of life to the contrary they waste our resources based on the organizations they run.

What started as a by-product to enhance trade and commerce grew to a behemoth that devours any piece of life quality that comes our way – sometimes in a subtle way until 2008 when all came crashing down and we realized that the KING IS NAKED.

Now related to Geithner he is exactly doing it upmost to keep this behemoth called WS alive and well feed and transfer some crumbs in tax receipts to the US treasury.

Trust me without WS in the current form, life quality would be substantial better and US tax revenue substantial higher.



To: KyrosL who wrote (72970)3/20/2010 8:44:41 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 74559
 
Is Papandreu out of his mind? I think he crossed the boundaries of a civil society - first his predecessor cheats Labor Union extort what ever little money is left and now he threaten Germany because their stand makes perfect sense!?

If he would keep shut the whole crisis could have been solved long ago. It seems that Papandreu needs a BIG dose of wisdom may he should learn the lesson from “Zorba” the movie - very actual at the moment on what is going on in Greece.

If I would be in Merkel and other EU head of states position I would tell him to get lost together with his labor unions

I only wonder why the Papandreu government does not initiate an investigation and bring to justice those that messed up the country finances – what is he waiting for? Let GS pay for their shenanigans and send the cheating officials to jail like the heads of WorldCom and Enron.


Greek Leader Warns Berlin That EU At Risk If No Aid

ATHENS (AFP)--Greek Prime Minister George Papandreou implicitly criticized Germany on Saturday for opposing efforts to help his country out of its fiscal crisis, warning they risked destabilising the European Union.

"We have struggled for years to build a strong Europe, economically stable and with social solidarity," Papandreou said at a meeting of the national council of his socialist PASOK party.

But "many forces forget the political importance of the euro, and are withdrawing the substance of the political vision of the European project, which is a joint effort to develop our economy in a calm and stable climate," he added.

"In the end this could destabilize the EU, lead it in the opposite direction to that of those who inspired and created a united Europe and its common currency," warned the Greek prime minister.

Papandreou's comments came a day after a German official indicated that Berlin was open to the possibility of the International Monetary Fund helping Greece, throwing into doubt a plan for the other 15 countries that use the euro to help Athens meet its borrowing needs.

After taking office last year Papandreou's government revealed the country's finances were in a much worse state than had been publicly disclosed, forcing it to make painful spending cuts and tax hikes to fix its public finances--triggering strikes and violent protests on the streets of Athens.

This has raised concerns whether investors will buy the Greek government's bonds, and at what price, as Athens must roll over this year some 50 billion euros of its more than 300 billion euros in debt.

"Greece will not default" and it has "the capacity to get the country out of the current crisis," Papandreou told party leaders.

He appealed for EU leaders to help his country borrow more cheaply when they meet Thursday and Friday in Brussels.

"We are not demanding that anyone pay for our mistakes and our debts...but we are asking for political support against speculators and the chance to borrow at rates that allow us to breathe," said the prime minister.