http://usa.greekreporter.com/2010/03/02/carolyn-maloney-calls-for-hearings-on-greece%e2%80%99s-debt-transactions/
And you really wonder why Americans have lost faith in the credibility of their government.
It would seem at this point Ms. Maloney should be discussing this with the FBI, and not just begging Barney Frank to look into it.
Carolyn Maloney (D-NY) sent on Friday a letter asking for hearings to be held on U.S. financial firms’ involvement in the elements of the debt crisis currently facing Greece.
“News has surfaced that investment banks based in the United States have funded firms that created the financial indexes and other information needed to trade against the possibility of a sovereign default overseas—after selling debt to those countries in a way that kept that debt secret from the public,” Rep. Maloney said. “These reports, if true, are a shocking echo of the financial crisis that faced the U.S. in 2008—whose reverberations are still being felt today, in the worst recession in decades.”
The text of the letter follows:
Dear Chairman Frank,
