Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Politicians 'Lying Through Their Teeth' On Greek Aid (And Everything Else Too)

Sunday, June 12, 2011 - 9:11 AM

At the end of the article he says:

Jean-Claude Junker openly admitted "When it becomes serious, you have to lie." That admission came shortly after he denied there was meeting that he was actually attending.

Jean-Claude Trichet made a huge mistake buying Greek and Irish debt. To what extent is Trichet attempting to save his reputation to the detriment of a real solution?

Neither the Fed nor the ECB has shown any humility over clearly visible and grievous mistakes.

Is there any reason to believe any EU official? Is there any reason to believe the Fed? Geithner? Obama?

I await a global leader who steps up to the microphone and says "Things look bad, but they are even worse than they look. Sacrifices must be made and everyone has to share including the banks, the public unions, the military, and all special interest groups. ..."

Instead we have lie, after lie, after lie by politicians whose only concern is getting reelected. We also have lie, after lie, after lie by central bankers whose only concern is bailing out the banks at taxpayer expense while absolving themselves of blame for the mess we are in.

MikeMike327 posts since
Feb 22, 2010
Rep Points: 876