Bomb blast hits J.P. Morgan building in Greece

via MichaelMoore.com:



February 18th, 2010 2:20 PM
Bomb blast hits J.P. Morgan building in Greece

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A medium sized-bomb exploded Tuesday at a building housing offices of J.P. Morgan, the financial services firm, Greek police said.

A warning was phoned to a Greek newspaper 30 minutes before the explosion, and police evacuated the building, police spokesman Takis Papapetropoulos told CNN.

No one was hurt. The callers did not identify themselves, he said.

The warning call "means they don't want to have victims," he said. "They never say who it is when they call. They claim it after."

The call came about 7:15 p.m. (12:15 p.m. ET), he said.

There were at least two bombings in Athens last year, one targeting a politician's office and the other at a real estate office. There was also an attack on a television station by masked gunmen on motorcycles who threw a homemade explosive, authorities said at the time.

No one was hurt in any of the attacks.

The latest attack comes as Greece's national budget deficit causes major headaches for the European Union currency, the euro, and financial markets. The European Union earlier Tuesday ordered Greece to cut its deficit to meet EU regulations.


http://www.michaelmoore.com/words/latest-news/bomb-blast-hits-jp-morgan-building-greece

when do the people of Greece go after GOLDMAN SACH'S FOR FRAUD? You know the GOLDMAN boys Obama has surrounded our WHITE HOUSE with..and his admin with..and taken huge amounts of $$$$$$$$$$$$$$ from.


this JP MORGAN????????



out of a job?? tough crap is what our government is telling people!

Just ask JP Morgan..or Goldamn..they are doing just fine!!


Food Stamps Create Jobs… in India
Several States With High Unemployment Are Outsourcing Food Stamp Services
By SCOTT MAYEROWITZ

http://abcnews.go.com/Business/Economy/story?id=7452561

Michele Brown has seen Americans' struggles with jobs first hand. She lives in hard-hit Florida, spent 20 years in the real estate business and recently had her days as a nanny cut back after her boss had his own hours reduced.

Several states with high unemployment rates are outsourcing their food stamp services to call centers in India, angering many residents. Michele Brown learned about Florida's outsourcing when she called regarding a problem with her benefits.
(ABC News Photo Illustration)
But nothing prepared her for what happened one day when she called a toll-free line to inquire about her food stamps.
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"The woman who answered the phone -- it's not like she wasn't nice or anything -- but it was kind of evident that she wasn't in the States," Brown said.

It turns out the woman was at a JP Morgan Chase call center in India.

"That really put me over the edge," said Brown, 52, of Jupiter, Fla. "It's not right because we need the work here. People are in a bad way here." Americans have never liked the idea of jobs going overseas. But for many, it's more offensive when taxpayer dollars -- including those in the federal stimulus plan -- go to create those jobs. And when those jobs deal with food stamps, unemployment insurance and other public benefits, well forgot irony, to many it's just downright plain insulting.

Unemployment in Florida is now 9.7 percent.

"Why is the state of Florida sending these jobs away?" Brown asked. "The thing that really iced it for me, I knew that JP Morgan had gotten bailout funds."

So she called her local politicians and then she reached out to her local newspaper, the Palm Beach Post. The paper did a story two weeks ago about the $50 million Florida paid JP Morgan in the last three years to administer the food stamps distribution.

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Greece loses EU voting power in blow to sovereignty Greece loses EU voting power in blow to sovereignty

The European Union has shown its righteous wrath by stripping Greece of its vote at a crucial meeting next month, the worst humiliation ever suffered by an EU member state.

By Ambrose Evans-Pritchard, International Business Editor
Published: 7:56PM GMT 16 Feb 2010

The council of EU finance ministers said Athens must comply with austerity demands by March 16 or lose control over its own tax and spend policies altogether. It if fails to do so, the EU will itself impose cuts under the draconian Article 126.9 of the Lisbon Treaty in what would amount to economic suzerainty.

While the symbolic move to suspend Greece of its voting rights at one meeting makes no practical difference, it marks a constitutional watershed and represents a crushing loss of sovereignty.

"We certainly won't let them off the hook," said Austria's finance minister, Josef Proll, echoing views shared by colleagues in Northern Europe. Some German officials have called for Greece to be denied a vote in all EU matter until it emerges from "receivership".

More at:

http://www.telegraph.co.uk/finance/financetopics/financ...

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Goldman Sachs, Greece Didn’t Disclose Swap, Investors ‘Fooled’
Source: Bloomberg

Feb. 17 (Bloomberg) -- Goldman Sachs Group Inc. managed $15 billion of bond sales for Greece after arranging a currency swap that allowed the government to hide the extent of its deficit.

No mention was made of the swap in sales documents for the securities in at least six of the 10 sales the bank arranged for Greece since the transaction, according to a review of the prospectuses by Bloomberg. The New York-based firm helped Greece raise $1 billion of off-balance-sheet funding in 2002 through the swap, which European Union regulators said they knew nothing about until recent days.

Failing to disclose the swap may have allowed Goldman, a co-lead manager on many of the sales, other underwriters and Greece to get a better price for the securities, said Bill Blain, co-head of fixed income at Matrix Corporate Capital LLP, a London-based broker and fund manager.

“The price of bonds should reflect the reality of Greece’s finances,” Blain said. “If a bank was selling them to investors on the basis of publicly available information, and they were aware that information was incorrect, then investors have been fooled.

Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=asB...

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Italy Now Suspected Of Using Derivatives To Hide Their Debt Problem, Just Like Greece

Eurostat now suspects that other European nations, potentially even crisis-stricken Italy, could be hiding the extent of their debt problem using swaps just like Greece has.

If multiple nations have been fooling the Eurozone's own statistical office, then we really can't be sure what the Eurozone's aggregate financial situation really is, now can we.

This could be bad news for the euro if the practice was widespread:

EU Observer:

"In case there is reason to expect that these kind of techniques have been used by other member states, not only Greece, then we will request information from other member states," said Mr Rehn.

The Finnish politician said Eurostat had no evidence of other capitals using the swaps, but the statistics agency was also unaware of Athens' activities until very recently.

Media reports over the weekend said Europe's other chronic big spender, Italy, has also used the off-balance sheet items in the past to hide its debt pile.

Greek finance minister George Papaconstantinou told journalists on Monday: "Greece was not the only country using them. They have since been made illegal and Greece has not used them since."

http://www.businessinsider.com/eurostat-suspects-that-i...




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GEE ALLL THOSE GOLDMAN BOYS OBAMA SURROUNDED HIMSELF WITH ..JUST MAY BE THE GUYS WHO WILL BE RESPONSIBLE FOR DESTROYING OUR DEMOCRATIC ALLIED NATIONS..

Problem with globalization is protesters go global too.
Bet the big Boys did not think about that.
So now BOA can be a world wide target of anger.

I have no love lost for JPMorgan and co.