Tuesday, April 10, 2012

Greek Austerity on 60 Minutes

Not to flog a dead horse but there is more talk on 60 minutes about Greek cuts and complaints and continued criticism of Greece having lived beyond it’s means yet there is little talk about the investment fraud that created the Greek financial crisis. Since Greece could still fail and drag other economies down with it, it is imperative that we look at the investment fraud that created the manufactured emergency.

Jochen Zeitz, the outgoing chief executive of Puma, claimed: "This is about systematic evasion and embezzlement." What was public money is now, mysteriously, become very private money. What was public money became private money. Then it disappeared. Just like Enron or MCorp.

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