Thread: Greece to probe U.S. banks’ role in crisis: PM

Greece to probe U.S. banks’ role in crisis: PM

Posted on 16. May, 2010 by Rob Belatucadros in Economy, Foreign and Domestic Intelligence, Politics, Rob Belatucadros, Top Stories
ATHENS (Reuters) – Greece may investigate U.S. investment banks and their role in the run-up to the Greek debt crisis which has shaken faith in euro zone economies, Prime Minister George Papandreou said in comments broadcast on Sunday.
Wall Street and major banks around the world are attracting scrutiny from regulators who are looking at transactions that occurred in the run-up to the subprime mortgage meltdown and financial crisis.
U.S. prosecutors are already conducting a broad criminal investigation of six major Wall Street banks to determine if they misled investors.
“We are right now having a parliamentary investigation in Greece which will look into the past and see how things went the wrong direction and what kinds of practices were negative practices,” Papandreou told CNN.
“There are similar investigations going on in other countries and in the United States … I hear the words fraud and lack of transparency. So yes, there is great responsibility here,” he said. Asked whether there was a possibility of legal action against the banks, he said: “I wouldn’t rule out that this may be a recourse also … but we need to let the due process proceed and make our judgments once we get the results from the investigations.” Source>>> Update

A very strong rumour is that Interpol is involved, and even has many boots on the ground in the USA.

I wonder if prison food is Kosher certified.



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