Friday, November 30, 2012

The Great and Powerful Oz has spoken

And we peons are not going to be allowed to peak behind the curtain to discover how the world banking system helped take down the global economy.
The EU's general court has blocked an attempt to force the European Central Bank to release files showing how Greece used derivatives to hide its debt in the run-up to the financial crisis. The case was brought by Bloomberg News under the EU's freedom of information rules in August 2010 but was thrown out on Thursday by the court in Luxembourg. ... The ruling means European taxpayers who are footing the bill for the €240bn Greek bailout will not find out whether EU officials knew of irregularities in Greece's national accounts before they became public in 2009.
If we're allowed to know what they did, we may not throw money at them the next time. [cross-posted at Firedoglake]


Montag said...

No different than what's happened in this country.

Bankers do run the world now, I guess. Which explains why it's in such a mess.

StonyPillow said...

Sounds like the same impeccable legal reasoning of the majority opinion in Bush v. Gore: “It is because we say it is”.

pansypoo said...

goldman sux + the rest of the masters of the universe are immune.