Dear God; They Caught Them ALL! Putin Gives Trump 160 Terabytes of Communication Intercepts; ALL people behind fake “Russia Collusion” – False Flag Chemical Attacks in Syria, Sabotage of Brexit, Nefarious Clinton activities & More



U.S. National News
Dear God; They Caught Them ALL! Putin Gives Trump 160 Terabytes of Communication Intercepts; ALL people behind fake “Russia Collusion” – False Flag Chemical Attacks in Syria, Sabotage of Brexit, Nefarious Clinton activities & More

Category: U.S. National News
Tuesday, 17 July 2018 20:30
Hits: 86283
http://halturnerradioshow.com/index.php/news/u-s-national-news/2855-dear-god-they-caught-them-all-putin-gives-trump-160-terabytes-of-communication-intercepts-all-people-behind-fake-russia-collusion-false-flag-chemical-attacks-in-syria-sabotage-of-brexit-nefarious-clinton-activities-more

Thanks to my long-time former colleagues from the Intelligence Community, whom I worked with in my years with the FBI Joint Terrorism Task Force, from both inside and outside the US, I am pleased to be the ONLY media outlet to be able to report this extraordinary information . . . .

The jig is finally up. The Dominoes are all in position to be knocked over. The “elite” have phoned, faxed, and emailed many of themselves right into prison, or worse. (When the public finds out, probably “worse.”)

At the meeting in Helsinki, Finland, between Presidents Putin of Russia and Trump of the USA, the Russians gave to Trump at least 160 TERABYTES of Russian Intelligence Intercepts which expose horrifying activities of many, many, people to deliberately foment social, cultural, and political chaos, violent riots, demonstrations, media smears, phony scandals, and fake news.

Some of those intercepts reveal who has been financing weapons, supplies, travel, hotel, vehicle rentals and secure communications gear for Terrorist groups, inside Syria, Iraq, and terror attacks in Europe and the US.

Among the intercepted communications are mostly international phone calls, faxes, emails by members of the US Congress, US Senate, federal Judges, state-level elected officials from California, Oregon, Washington, New York (City & State), New Jersey, Connecticut, Massachusetts, Maryland and Virginia. Once those communications left the United States, they became fair game for any country to spy on.

A great number of these communications were encrypted, but Russia has found a way to BREAK much of the encryption! And as part of their effort to improve relations with Trump, they provided the original encrypted versions of the intercepts AND the key which decrypts them so the US can use US-obtained intercepts (which may still be encrypted) along with the Russian-provided decryption key to prove the info is accurate and unedited!!!

Numerous high-ranking officials and well known wealthy people have been caught red-handed scheming together and with foreign governments along with radical leftist billionaires both inside and outside the US, to foment — and finance — extraordinary acts of political, social, and cultural chaos including riots, violent attacks, political unrest and more.

Some high-level MANAGERS at gigantic social media companies have received literally millions of dollars in pay-offs to establish or use under-the-radar company policies to impose severe censorship on certain views and to silence certain people; often times without the knowledge or consent of the Highest Executives or Boards of Directors of those companies! These pay-offs USURP actual executive power in some giant social media outlets.

High level mass-media Producers, Editors, and some Writers in the US, UK, and elsewhere in Europe, have been paid-off with VAST sums of money to launch phony media smears. Push scandals. Create and report FAKE news stories. All to sew dissent, foment unrest, cause political and social instability. When this information is revealed. MAJOR (Like REALLY MAJOR) news outlets will be completely ruined. Their company stock (or that of their parent company) will plummet to zero because their credibility – their believability – will be utterly destroyed. Ad revenues will plummet because the public simply will not trust these outlets anymore.

A very significant number of US INTELLIGENCE COMMUNITY persons are also, sadly, caught. It is now clear there is a cadre of people inside the US Intelligence Community, who have been misusing their positions to do things they were never cleared to do; the kinds of things that get people Indicted, tried, convicted and . . . . executed under our federal legal system! Yes, you read that right: certain specific US Intel people could literally face the death penalty for some of the things they have now been positively caught doing.

Even more sadly, a very few high-ranking US Military officials have also been caught. Intercepts from field communications are going to send some of those Officials to Leavenworth for the rest of their lives. (Cont’d Below)

PLEASE NOTE: If this type of inside information and reporting is pleasing to you, please know that this web site and radio show are supported by READERS like you. Cloud-based sites like this get BILLED when you read a story. You read, I pay. So if you like this, and want more, it is IMPERATIVE you help out with a dollar or two. Some folks may feel that $5, $10, $20, $50 or $100 will help even more — and it will. Please don’t take this site or the news you get here for granted. It costs big money to run this web site and radio show and without YOUR help, it simply cannot exist. Please take a second and donate HERE.

Moreover, a very significant number of employees/officials inside the US State Department have coordinated activities the likes of which will make the American people recoil in horror. In fact, I was explicitly told

“Foggy Bottom (the nickname for the State Dept.) is turning out to be THE epicenter of evil for a lot of things . . .”

Worst of all, some of the Signals Intelligence grabbed-up certain well-known individuals inside the US Department of Justice. What these people have done will no doubt smash the reputation of the legal system for decades. Not only are some people inside the Justice Department going to prison, their liability for things they’ve done WITHOUT AUTHORIZATION, will expose them to personal liability which will utterly destroy them and their families civilly.

At the highest levels of these intercepts are allegedly names like Soros, Rothschild, and very recognizable others.

Russian President Vladimir Putin and United States President Donald Trump, met in Helsinki, Finland early this week, for about two hours privately. No staff. No aids. No media.

During that meeting, Putin laid out the inner workings of the vast global network of “elites” and the activities they have engaged in to bring wars, refugees, all manner of social and political chaos to countries around the world, much of it in the USA. Russia even provided charts showing “organizational” structures (which are not really “organizations” but more defacto operational realities); who is tasked with what topics or activities, how much they have been paid and by whom.

Actual copies of communications and Signals Intercepts with descrambled recordings of phone calls, descrambled “secure” fax transmissions, descrambled encrypted emails. Vast reports on money transactions via wire transfer, control numbers, account names, amounts, dates, purposes . . . and the recipient info too.

In total, more than 160 TERABYTES of this type of data was given to President Trump in the form of 1 Terabyte USB Flash Memory Drives. The USB drives are DataTraveler® HyperX® Predator 3.0 USB Flash drives which hold 1 terabyte of data each.

The level of criminal conspiracy is so enormous, and the global scale and reach of these efforts is so gigantic, it boggles the mind.

Bankers and titans of industry are also involved. I can also report that Union bosses figure prominently in the intercepts.
BREXIT

The opposition to BREXIT is being funded and orchestrated by people on BOTH SIDES of British politics and the motivation is two-fold: They want Britain to remain in Europe to lessen its power and, they HATE the Royal Family.

According to the information given to me, some of the most virulent Torie “Remainers” joked with like-minded Labour members about “looking forward to the day when Britain sheds it archaic Monarchy and comes under total rule by the EU.” These are ELECTED officials who are literally trying to destroy the sovereignty of their own country!
The Clintons

Turns out, Bill and Hillary have been under surveillance since Bill was first elected President in 1992. Almost EVERY dirty deal, alleged shake-down, alleged kick-back, and some things described to me as “the ultimate acts (plural) of nefarious nature” are all neatly recorded and indexed by Russia. Now, I’m told, President Trump has it all.
Closely Guarded Secret Work

Trusted elements inside the Trump Administration (who have been sworn to absolute secrecy, even ordered to flatly DENY the very existence of this material in order to maintain security) are being tasked to sort through, analyse and catalog all activities turned over by Russia; paying particular attention to any activity which resulted in violence, death or property damage, so as to be able to criminally prosecute ALL the Conspirators based on any end-result violence or property loss/damage. Whether the Conspirators intended such acts or not, the acts themselves “were a foreseeable consequence” of their efforts, thus making them ALL guilty.

Working from the top, these trusted elements inside the Trump Administration will take each effort and follow it down to the end results, documenting any acts of state-level violence, which thereby makes ALL participants in that entire effort subject to Conspiracy charges. Conspiracy is the likely charge as opposed to bringing Racketeer Influenced Corrupt Organization (RICO) cases, because RICO cases require predicate felonies which often had not occurred.

I asked if any of this evidence can actually be used in court since none of it was obtained via Warrant? I was told that ALL of it is admissible because the United States did not solicit the information and had no part in it being illegally obtained! Thus, there is no “fruit of a poison tree” to block admissibility!

Hal Turner Commentary

Literally HUNDREDS of ultra-wealthy and/or very high profile people are about to have their entire existence caught-up in the wheels of justice.

And as a person who has been caught-up in the wheels of justice myself, I can tell you those wheels may turn slowly, but they GRIND UP everything and everyone they encounter.

I am not yet privy to particular facts or incident covered by this material. I am told to expect to get information, but no time frame was told to me.

It seems as though the Putin-Trump meeting in Helsinki has, in fact, become the worst nightmare of a whole slew of people.

Prior to the summit, many people took extraordinary efforts to try to derail the meeting altogether.

After the meeting, those folks and their minions are making enormous noise about anything they can.

They’re worried they’re caught. They think they might be caught. I can report tonight, they are right to worry; they ARE caught!

They think that creating distractions through scandals will prevent them from being held accountable. It won’t.

The jig is up. The dominoes are about to fall.

Some of these people would do well to get their affairs in order and commit suicide. Because when the truth comes out about what they’ve been doing, and the things they’ve done, their world will be smashed by the legal system. Their entire existence, their fortunes and their family name will be ruined forever.

PROGRAMMING NOTE: This will be a major topic of discussion on WEDNESDAY, June 18, from 9:00-11:00 PM eastern US time (GMT -0400) on “The Hal Turner Radio Show.” You can listen via radio or right here in the Internet as the show airs LIVE. To tune-in by radio, select either WBCQ or WRMI worldwide shortwave. WBCQ transmits with 50,000 watts on frequency 7.490 AM. WRMI transmits with 100,000 watts on frequency 9.455 AM. To tune-in here on the Internet, click the LISTEN LIVE button in the menu bar above the main news section. Those links DO NOT GO LIVE until about one hour before my show begins. During that hour, I stream commercial-free music until my show starts. Don’t miss this extraordinary broadcast!

U.S. National News
Dear God; They Caught Them ALL! Putin Gives Trump 160 Terabytes of Communication Intercepts; ALL people behind fake “Russia Collusion” – False Flag Chemical Attacks in Syria, Sabotage of Brexit, Nefarious Clinton activities & More

Category: U.S. National News
Tuesday, 17 July 2018 20:30
Hits: 86283

37 Comments

Thanks to my long-time former colleagues from the Intelligence Community, whom I worked with in my years with the FBI Joint Terrorism Task Force, from both inside and outside the US, I am pleased to be the ONLY media outlet to be able to report this extraordinary information . . . .

The jig is finally up. The Dominoes are all in position to be knocked over. The “elite” have phoned, faxed, and emailed many of themselves right into prison, or worse. (When the public finds out, probably “worse.”)

At the meeting in Helsinki, Finland, between Presidents Putin of Russia and Trump of the USA, the Russians gave to Trump at least 160 TERABYTES of Russian Intelligence Intercepts which expose horrifying activities of many, many, people to deliberately foment social, cultural, and political chaos, violent riots, demonstrations, media smears, phony scandals, and fake news.

Some of those intercepts reveal who has been financing weapons, supplies, travel, hotel, vehicle rentals and secure communications gear for Terrorist groups, inside Syria, Iraq, and terror attacks in Europe and the US.

Among the intercepted communications are mostly international phone calls, faxes, emails by members of the US Congress, US Senate, federal Judges, state-level elected officials from California, Oregon, Washington, New York (City & State), New Jersey, Connecticut, Massachusetts, Maryland and Virginia. Once those communications left the United States, they became fair game for any country to spy on.

A great number of these communications were encrypted, but Russia has found a way to BREAK much of the encryption! And as part of their effort to improve relations with Trump, they provided the original encrypted versions of the intercepts AND the key which decrypts them so the US can use US-obtained intercepts (which may still be encrypted) along with the Russian-provided decryption key to prove the info is accurate and unedited!!!

Numerous high-ranking officials and well known wealthy people have been caught red-handed scheming together and with foreign governments along with radical leftist billionaires both inside and outside the US, to foment — and finance — extraordinary acts of political, social, and cultural chaos including riots, violent attacks, political unrest and more.

Some high-level MANAGERS at gigantic social media companies have received literally millions of dollars in pay-offs to establish or use under-the-radar company policies to impose severe censorship on certain views and to silence certain people; often times without the knowledge or consent of the Highest Executives or Boards of Directors of those companies! These pay-offs USURP actual executive power in some giant social media outlets.

High level mass-media Producers, Editors, and some Writers in the US, UK, and elsewhere in Europe, have been paid-off with VAST sums of money to launch phony media smears. Push scandals. Create and report FAKE news stories. All to sew dissent, foment unrest, cause political and social instability. When this information is revealed. MAJOR (Like REALLY MAJOR) news outlets will be completely ruined. Their company stock (or that of their parent company) will plummet to zero because their credibility – their believability – will be utterly destroyed. Ad revenues will plummet because the public simply will not trust these outlets anymore.

A very significant number of US INTELLIGENCE COMMUNITY persons are also, sadly, caught. It is now clear there is a cadre of people inside the US Intelligence Community, who have been misusing their positions to do things they were never cleared to do; the kinds of things that get people Indicted, tried, convicted and . . . . executed under our federal legal system! Yes, you read that right: certain specific US Intel people could literally face the death penalty for some of the things they have now been positively caught doing.

Even more sadly, a very few high-ranking US Military officials have also been caught. Intercepts from field communications are going to send some of those Officials to Leavenworth for the rest of their lives. (Cont’d Below)

PLEASE NOTE: If this type of inside information and reporting is pleasing to you, please know that this web site and radio show are supported by READERS like you. Cloud-based sites like this get BILLED when you read a story. You read, I pay. So if you like this, and want more, it is IMPERATIVE you help out with a dollar or two. Some folks may feel that $5, $10, $20, $50 or $100 will help even more — and it will. Please don’t take this site or the news you get here for granted. It costs big money to run this web site and radio show and without YOUR help, it simply cannot exist. Please take a second and donate HERE.

Moreover, a very significant number of employees/officials inside the US State Department have coordinated activities the likes of which will make the American people recoil in horror. In fact, I was explicitly told

“Foggy Bottom (the nickname for the State Dept.) is turning out to be THE epicenter of evil for a lot of things . . .”

Worst of all, some of the Signals Intelligence grabbed-up certain well-known individuals inside the US Department of Justice. What these people have done will no doubt smash the reputation of the legal system for decades. Not only are some people inside the Justice Department going to prison, their liability for things they’ve done WITHOUT AUTHORIZATION, will expose them to personal liability which will utterly destroy them and their families civilly.

At the highest levels of these intercepts are allegedly names like Soros, Rothschild, and very recognizable others.

Russian President Vladimir Putin and United States President Donald Trump, met in Helsinki, Finland early this week, for about two hours privately. No staff. No aids. No media.

During that meeting, Putin laid out the inner workings of the vast global network of “elites” and the activities they have engaged in to bring wars, refugees, all manner of social and political chaos to countries around the world, much of it in the USA. Russia even provided charts showing “organizational” structures (which are not really “organizations” but more defacto operational realities); who is tasked with what topics or activities, how much they have been paid and by whom.

Actual copies of communications and Signals Intercepts with descrambled recordings of phone calls, descrambled “secure” fax transmissions, descrambled encrypted emails. Vast reports on money transactions via wire transfer, control numbers, account names, amounts, dates, purposes . . . and the recipient info too.

In total, more than 160 TERABYTES of this type of data was given to President Trump in the form of 1 Terabyte USB Flash Memory Drives. The USB drives are DataTraveler® HyperX® Predator 3.0 USB Flash drives which hold 1 terabyte of data each.

The level of criminal conspiracy is so enormous, and the global scale and reach of these efforts is so gigantic, it boggles the mind.

Bankers and titans of industry are also involved. I can also report that Union bosses figure prominently in the intercepts.
BREXIT

The opposition to BREXIT is being funded and orchestrated by people on BOTH SIDES of British politics and the motivation is two-fold: They want Britain to remain in Europe to lessen its power and, they HATE the Royal Family.

According to the information given to me, some of the most virulent Torie “Remainers” joked with like-minded Labour members about “looking forward to the day when Britain sheds it archaic Monarchy and comes under total rule by the EU.” These are ELECTED officials who are literally trying to destroy the sovereignty of their own country!
The Clintons

Turns out, Bill and Hillary have been under surveillance since Bill was first elected President in 1992. Almost EVERY dirty deal, alleged shake-down, alleged kick-back, and some things described to me as “the ultimate acts (plural) of nefarious nature” are all neatly recorded and indexed by Russia. Now, I’m told, President Trump has it all.
Closely Guarded Secret Work

Trusted elements inside the Trump Administration (who have been sworn to absolute secrecy, even ordered to flatly DENY the very existence of this material in order to maintain security) are being tasked to sort through, analyse and catalog all activities turned over by Russia; paying particular attention to any activity which resulted in violence, death or property damage, so as to be able to criminally prosecute ALL the Conspirators based on any end-result violence or property loss/damage. Whether the Conspirators intended such acts or not, the acts themselves “were a foreseeable consequence” of their efforts, thus making them ALL guilty.

Working from the top, these trusted elements inside the Trump Administration will take each effort and follow it down to the end results, documenting any acts of state-level violence, which thereby makes ALL participants in that entire effort subject to Conspiracy charges. Conspiracy is the likely charge as opposed to bringing Racketeer Influenced Corrupt Organization (RICO) cases, because RICO cases require predicate felonies which often had not occurred.

I asked if any of this evidence can actually be used in court since none of it was obtained via Warrant? I was told that ALL of it is admissible because the United States did not solicit the information and had no part in it being illegally obtained! Thus, there is no “fruit of a poison tree” to block admissibility!

Hal Turner Commentary

Literally HUNDREDS of ultra-wealthy and/or very high profile people are about to have their entire existence caught-up in the wheels of justice.

And as a person who has been caught-up in the wheels of justice myself, I can tell you those wheels may turn slowly, but they GRIND UP everything and everyone they encounter.

I am not yet privy to particular facts or incident covered by this material. I am told to expect to get information, but no time frame was told to me.

It seems as though the Putin-Trump meeting in Helsinki has, in fact, become the worst nightmare of a whole slew of people.

Prior to the summit, many people took extraordinary efforts to try to derail the meeting altogether.

After the meeting, those folks and their minions are making enormous noise about anything they can.

They’re worried they’re caught. They think they might be caught. I can report tonight, they are right to worry; they ARE caught!

They think that creating distractions through scandals will prevent them from being held accountable. It won’t.

The jig is up. The dominoes are about to fall.

Some of these people would do well to get their affairs in order and commit suicide. Because when the truth comes out about what they’ve been doing, and the things they’ve done, their world will be smashed by the legal system. Their entire existence, their fortunes and their family name will be ruined forever.

PROGRAMMING NOTE: This will be a major topic of discussion on WEDNESDAY, June 18, from 9:00-11:00 PM eastern US time (GMT -0400) on “The Hal Turner Radio Show.” You can listen via radio or right here in the Internet as the show airs LIVE. To tune-in by radio, select either WBCQ or WRMI worldwide shortwave. WBCQ transmits with 50,000 watts on frequency 7.490 AM. WRMI transmits with 100,000 watts on frequency 9.455 AM. To tune-in here on the Internet, click the LISTEN LIVE button in the menu bar above the main news section. Those links DO NOT GO LIVE until about one hour before my show begins. During that hour, I stream commercial-free music until my show starts. Don’t miss this extraordinary broadcast!

Pay Attention! Look at the money trail AFTER the foreclosure sale, by Neil Garfield


Pay Attention! Look at the money trail AFTER the foreclosure sale
Posted on July 3, 2018 by Neil Garfield
https://livinglies.wordpress.com/2018/07/03/pay-attention-look-at-the-money-trail-after-the-foreclosure-sale/

My confidence has never been higher that the handling of money after a foreclosure sale will reveal the fraudulent nature of most “foreclosures” initiated not on behalf of the owner of the debt but in spite of the the owner(s) of the debt.

It has long been obvious to me that the money trail is separated from the paper trail practically “at birth” (origination). It is an obvious fact that the owner of the debt is always someone different than the party seeking foreclosure, the alleged servicer of the debt, the alleged trust, and the alleged trustee for a nonexistent trust. When you peek beneath the hood of this scam, you can see it for yourself.

Real case in point: BONY appears as purported trustee of a purported trust. Who did that? The lawyers, not BONY. The foreclosure is allowed and the foreclosure sale takes place. The winning “bid” for the property is $230k.

Here is where it gets real interesting. The check is sent to BONY who supposedly is acting on behalf of the trust, right. Wrong. BONY is acting on behalf of Chase and Bayview loan servicing. How do we know? Because physical possession of the check made payable to BONY was forwarded to Chase, Bayview or both of them. How do we know that? Because Chase and Bayview both endorsed the check made out to BONY depositing the check for credit in a bank account probably at Chase in the name of Bayview.

OK so we have the check made out to BONY and TWO endorsements — one by Chase and one by Bayview supposedly — and then an account number that might be a Chase account and might be a Bayview account — or, it might be some other account altogether. So the question who actually received the $230k in an account controlled by them and then, what did they do with it. I suspect that even after the check was deposited “somewhere” that money was forwarded to still other entities or even people.

The bid was $230k and the check was made payable to BONY. But the fact that it wasn’t deposited into any BONY account much less a BONY trust account corroborates what I have been saying for 12 years — that there is no bank account for the trust and the trust does not exist. If the trust existed the handling of the money would look very different OR the participants would be going to jail.

And that means NOW you have evidence that this is the case since BONY obviously refused to do anything with the check, financially, and instead just forwarded it to either Chase or Bayview or perhaps both, using copies and processing through Check 21.

What does this mean? It means that the use of the BONY name was a sham, since the trust didn’t exist, no trust account existed, no assets had ever been entrusted to BONY as trustee and when they received the check they forwarded it to the parties who were pulling the strings even if they too were neither servicers nor owners of the debt.

Even if the trust did exist and there really was a trust officer and there really was a bank account in the name of the trust, BONY failed to treat it as a trust asset.

So either BONY was directly committing breach of fiduciary duty and theft against the alleged trust and the alleged trust beneficiaries OR BONY was complying with the terms of their contract with Chase to rent the BONY name to facilitate the illusion of a trust and to have their name used in foreclosures (as long as they were protected by indemnification by Chase who would pay for any sanctions or judgments against BONY if the case went sideways for them).

That means the foreclosure judgment and sale should be vacated. A nonexistent party cannot receive a remedy, judicially or non-judicially. The assertions made on behalf of the named foreclosing party (the trust represented by BONY “As trustee”) were patently false — unless these entities come up with more fabricated paperwork showing a last minute transfer “from the trust” to Chase, Bayview or both.

The foreclosure is ripe for attack.

Spread the word

FORECLOSURE HELL


I had been doing so much better about keeping up with my blogs, until about this last week. I had not gotten back to posting as much as I had in the past, but was doing much better.

I have to admit though, every month, beginning the week before foreclosure hell (the day they auction the homes foreclosed upon), have been particularly hellish.

I guess for a while, no one I know was being foreclosed upon. But beginning last month, my friends began being sold at auction again. It had been a whole year until just these last couple of months. Then all of the sudden, properties that the banks had lost interest in, out of the blue, and with little or no warning, were sold at auction.

We all managed to stop two of the sales, those two were cancelled, but last month, one was lost to foreclosure, and it took a lot of work to get cancelled, the two that were cancelled.

So, even though there may not be the number of foreclosures every month that there had been for a long time, looks like the banks have managed to get lined up, these companies, that will purchase damn near any house at auction. These companies that want to turn around and rent you your house they just purchased at foreclosure.

I told everyone, back in 2008-2009 when Goldman Sachs’ sorry ass said that “only the rich should own houses, everyone else should be renters”, that this is what could be expected. Yes, it took another 8 years for it to happen to this scale, but it is here, and it won’t be going away, till they get every one of our homes.

I have watched foreclosure sales every month since around 2006, and all the properties that were fought for, and the banks, just kind of fizzled away without a lot of fuss, homes that they realized would be close to impossible to get the foreclosed upon owner to leave, now that they can work it out to where these rent home companies, are the ones that has to get rid of the previous owners of the properties.

The banks see this as minor housekeeping, which they don’t mind at all.

Lying Little Shit Hogg: SHOCK: David Hogg Changes Story, Wasn’t At School When Cruz Opened Fire By Peter D’Abrosca – Mar 26, 2018


SHOCK: David Hogg Changes Story, Wasn’t At School When Cruz Opened Fire
By Peter D’Abrosca – Mar 26, 2018

https://bigleaguepolitics.com/breaking-david-hogg-changes-story-wasnt-school-cruz-opened-fire/

In a not-yet-released CBS Documentary, David Hogg, Marjory Stoneman Douglas High School student who has become the face of the gun control movement, changes his entire story and admits that he was not at the school during the event.

In a Time interview done within hours of the shooting Hogg recounted, “Our first response was ‘that sounded a lot like a gun shot’ and we closed the door.” Hogg claimed that he was in his AP enviromental science class during the shooting. He also made videos of himself and other students, regarding gun control, purportedly while the shooting was going on.

But CBS News has released some transcripts from its “39 Days” documentary, in which student David Hogg is quoted.

“On the day of the shooting, I got my camera and got on my bike and rode as fast as I could three miles from my house to the school to get as much video and to get as many interviews as I could because I knew that this could not be another mass shooting,” Hogg said in his CBS News interview.

The shooting occurred in the afternoon, after alleged shooter Nikolas Cruz was dropped off after 2 PM.

“While I was in there, I thought, ‘What impact have I had? What will my story be if I die here? And the only thing I could think of was, pull out my camera and try telling others. As a student journalist, as an aspiring journalist, that’s all I could think: Get other people’s stories on tape. If we all die, the camera survives, and that’s how we get the message out there, about how we want change to be brought about,” Hogg recalled.


Watch David Hogg tell two different stories below:

Interesting. However, Hogg made some videos purportedly DURING the shooting from inside the school.

Here is Hogg’s interview with TIME magazine following the shooting in which he claimed that he was in his AP environmental science class at the time the shooting occured:

When Hogg heard a “pop” while sitting in an AP environmental science class around 2:30 p.m. Wednesday, he told his teacher it sounded strangely like a gunshot. But there had been a fire drill that very morning and talk of a “Code Red” exercise to prepare for an active shooter. This must just be a surprise drill, he reasoned.

And then the fire alarm sounded. Dutifully acting on it, Hogg and other students tried to exit the building. A janitor—Hogg doesn’t know his name but calls him an angel—knew where the shots were coming from and sent the students back. Then a culinary arts teacher, Ashley Kurth, pulled Hogg and others inside, locked the door, and made them hide in a closet. Checking Twitter and Instagram, Hogg—who’s an editor at the school’s TV station—found the news that the shooting was real and ongoing.

The shots continued for what felt like an eternity. Hogg considered the possibility that he would not live to see the end of the day.

“While I was in there, I thought, ‘What impact have I had? What will my story be if I die here?’” Hogg told TIME in the hours following the ordeal. “And the only thing I could think of was, pull out my camera and try telling others. As a student journalist, as an aspiring journalist, that’s all I could think: Get other people’s stories on tape. If we all die, the camera survives, and that’s how we get the message out there, about how we want change to be brought about.”

Pretty big contradiction there.

Here is some of “student reporter” David Hogg’s interviews with his classmates, purportedly during the shooting. By the way, there is no way Hogg could have gotten into the school during the shooting, because the Broward County Sheriff’s Office set up a perimeter around the school during the shooting, all the while refusing to enter the school to stop the bloodshed.

Here is Hogg claiming to be inside the school during the shooting.

Here are Hogg’s interviews with his classmates, purportedly during the shooting:

Sheriff Scott Israel’s Broward County Sheriff’s Office made a concerted effort to not enter the Parkland high school during February’s mass shooting, instead allowing the shooting to happen.

The mainstream media is finally reporting on police and emergency scanner audio tapes that show the full extent of the Sheriff’s Office’s complicity in the horror at Marjory Stoneman Douglas High School.

“Do not approach the 12 or 1300 building, stay at least 500 feet away,” Sheriff’s Office deputy Scot Peterson said over radio dispatch, disproving his claim that he didn’t go inside the school because he was ordered not to do so if he didn’t have body cameras on. School surveillance footage has still not been released, and is unlikely to ever be released.

Big League Politics first reported on audiotapes showing that the Sheriff’s Office set up a perimeter around the high school during the shooting, after learning that multiple people were shot dead inside the high school. The police dispatcher ordered police to “hold all perimeters” while the shooter was still at large. Thirty minutes after learning of the active shooter situation, the Sheriff’s Office was still holding its perimeter and dispatchers were reporting “The shooter is not down. The shooter is not down.”

Our reporting proved that Israel’s office lied by claiming that they only set up a perimeter around the school AFTER the shooting, not during the shooting. In fact, they set up a perimeter four minutes after learning that people were shot dead inside.

We have new details on Goldman Sachs’ $5 billion legal settlement


We have new details on Goldman Sachs’ $5 billion legal settlement

Evan Vucci/APGoldman Sachs CEO Lloyd Blankfein.

Jamie Dimon Lloyd Blankfein

Wells Fargo just agreed to pay $1.2 billion to settle ‘shoddy’ mortgage practices

We now know more about the $5 billion settlement Goldman Sachs has agreed to pay related to residential mortgage-backed securities it sold between 2005 and 2007.

Regulators announced details of the settlement on Monday.

Goldman initially announced the settlement in January. That nearly wiped out fourth-quarter earnings for the firm.

“Today’s settlement is yet another acknowledgment by one of our leading financial institutions that it did not live up to the representations it made to investors about the products it was selling,” said one regulator, US Attorney Benjamin B. Wagner of the Eastern District of California, in a statement.

“We are pleased to put these legacy matters behind us,” Goldman Sachs said in a statement. “Since the financial crisis, we have taken significant steps to strengthen our culture, reinforce our commitment to our clients, and ensure our governance processes are robust.”

Morgan Stanley announced a similar settlement in February. It agreed to pay $3.2 billion over charges that it misled investors on the quality of mortgage loans it sold.

And on Friday, the US Justice Department announced that Wells Fargo had agreed to pay $1.2 billion to settle “shoddy” mortgage-lending practices.

Here’s what we learned about the Goldman settlement on Monday:

  • $2.385 billion in a civil-monetary penalty
  • $875 million to settle claims by various federal and state entities, including:
    • $575 million to settle claims by the National Credit Union Administration
    • $37.5 million to settle claims by the Federal Home Loan Bank of Des Moines as successor to the Federal Home Loan Bank of Seattle
    • $37.5 million to settle claims by the Federal Home Loan Bank of Chicago
    • $190 million to settle claims by the state of New York
    • $25 million to settle claims by the state of Illinois
    • $10 million to settle claims by the state of California
  • $1.8 billion in the form of relief to aid consumers who were allegedly harmed

Here’s a press release from the Department of Justice:

WASHINGTON — The Justice Department, along with federal and state partners, announced today a $5.06 billion settlement with Goldman Sachs related to Goldman’s conduct in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) between 2005 and 2007. The resolution announced today requires Goldman to pay $2.385 billion in a civil penalty under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) and also requires the bank to provide $1.8 billion in other relief, including relief to underwater homeowners, distressed borrowers and affected communities, in the form of loan forgiveness and financing for affordable housing. Goldman will also pay $875 million to resolve claims by other federal entities and state claims. Investors, including federally-insured financial institutions, suffered billions of dollars in losses from investing in RMBS issued and underwritten by Goldman between 2005 and 2007.

“This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail,” said Acting Associate Attorney General Stuart F. Delery. “This $5 billion settlement includes a $1.8 billion commitment to help repair the damage to homeowners and communities that Goldman acknowledges resulted from its conduct, and it makes clear that no institution may inflict this type of harm on investors and the American public without serious consequences.”

“Today’s settlement is another example of the department’s resolve to hold accountable those whose illegal conduct resulted in the financial crisis of 2008,” said Principal Deputy Assistant Attorney General Benjamin C. Mizer, head of the Justice Department’s Civil Division. “Viewed in conjunction with the previous multibillion-dollar recoveries that the department has obtained for similar conduct, this settlement demonstrates the pervasiveness of the banking industry’s fraudulent practices in selling RMBS, and the power of the Financial Institutions Reform, Recovery and Enforcement Act as a tool for combatting this type of wrongdoing.”

“Today’s settlement is yet another acknowledgment by one of our leading financial institutions that it did not live up to the representations it made to investors about the products it was selling,” said U.S. Attorney Benjamin B. Wagner of the Eastern District of California. “Goldman’s conduct in exploiting the RMBS market contributed to an international financial crisis that people across the country, including many in the Eastern District of California, continue to struggle to recover from. I am gratified that this office has developed investigations, first against JPMorgan Chase and now against Goldman Sachs, that have led to significant civil settlements that hold bad actors in this market accountable. The results obtained by this office and other members of the RMBS Working Group continue to send a message to Wall Street that we remain committed to pursuing those responsible for the financial crisis.”

The $2.385 billion civil monetary penalty resolves claims under FIRREA, which authorizes the federal government to impose civil penalties against financial institutions that violate various predicate offenses, including wire and mail fraud. The settlement expressly preserves the government’s ability to bring criminal charges against Goldman, and does not release any individuals from potential criminal or civil liability. In addition, as part of the settlement, Goldman agreed to fully cooperate with any ongoing investigations related to the conduct covered by the agreement.

Of the $875 million Goldman has agreed to pay to settle claims by various other federal and state entities: Goldman will pay $575 million to settle claims by the National Credit Union Administration, $37.5 million to settle claims by the Federal Home Loan Bank of Des Moines as successor to the Federal Home Loan Bank of Seattle, $37.5 million to settle claims by the Federal Home Loan Bank of Chicago, $190 million to settle claims by the state of New York, $25 million to settle claims by the state of Illinois and $10 million to settle claims by the state of California.

Goldman will pay out the remaining $1.8 billion in the form of relief to aid consumers harmed by its unlawful conduct. $1.52 billion of that relief will be paid out pursuant to an agreement with the United States that Goldman will provide loan modifications, including loan forgiveness and forbearance, to distressed and underwater homeowners throughout the country, as well as financing for affordable rental and for-sale housing throughout the country. This agreement represents the largest commitment in any RMBS agreement to provide financing for affordable housing—a crucial need following the turmoil of the financial crisis. $280 million will be paid out by Goldman pursuant to an agreement separately negotiated with the state of New York.

The settlement includes a statement of facts to which Goldman has agreed. That statement of facts describes how Goldman made false and misleading representations to prospective investors about the characteristics of the loans it securitized and the ways in which Goldman would protect investors in its RMBS from harm (the quotes in the following paragraphs are from that agreed-upon statement of facts, unless otherwise noted):

  • Goldman told investors in offering documents that “[l]oans in the securitized pools were originated generally in accordance with the loan originator’s underwriting guidelines,” other than possible situations where “when the originator identified ‘compensating factors’ at the time of origination.” But Goldman has today acknowledged that, “Goldman received information indicating that, for certain loan pools, significant percentages of the loans reviewed did not conform to the representations made to investors about the pools of loans to be securitized.”
  • Specifically, Goldman has now acknowledged that, even when the results of its due diligence on samples of loans from those pools “indicated that the unsampled portions of the pools likely contained additional loans with credit exceptions, Goldman typically did not . . . identify and eliminate any additional loans with credit exceptions.” Goldman has acknowledged that it “failed to do this even when the samples included significant numbers of loans with credit exceptions.”
  • Goldman’s Mortgage Capital Committee, which included senior mortgage department personnel and employees from Goldman’s credit and legal departments, was required to approve every RMBS issued by Goldman. Goldman has now acknowledged that “[t]he Mortgage Capital Committee typically received . . . summaries of Goldman’s due diligence results for certain of the loan pools backing the securitization,” but that “[d]espite the high numbers of loans that Goldman had dropped from the loan pools, the Mortgage Capital Committee approved every RMBS that was presented to it between December 2005 and 2007.” As one example, in early 2007, Goldman approved and issued a subprime RMBS backed by loans originated by New Century Mortgage Corporation, after Goldman’s due diligence process found that one of the loan pools to be securitized included loans originated with “[e]xtremely aggressive underwriting,” and where Goldman dropped 25 percent of the loans from the due diligence sample on that pool without reviewing the unsampled 70 percent of the pool to determine whether those loans had similar problems.
  • Goldman has acknowledged that, for one August 2006 RMBS, the due diligence results for some of the loan pools resulted in an “unusually high” percentage of loans with credit and compliance defects. The Mortgage Capital Committee was presented with a summary of these results and asked “How do we know that we caught everything?” One transaction manager responded “we don’t.” Another transaction manager responded, “Depends on what you mean by everything? Because of the limited sampling . . . we don’t catch everything . . .” Goldman has now acknowledged that the Mortgage Capital Committee approved this RMBS for securitization without requiring any further due diligence.
  • Goldman made detailed representations to investors about its “counterparty qualification process” for vetting loan originators, and told investors and one rating agency that Goldman would engage in ongoing monitoring of loan sellers. Goldman has now acknowledged, however, that it “received certain negative information regarding the originators’ business practices” and that much of this information was not disclosed to investors.
  • For example, Goldman has now acknowledged that in late 2006 it conducted an internal analysis of the underwriting guidelines of Fremont Investment & Loan (an originator), which found many of Fremont’s guidelines to be “off market” or “at the aggressive end of market standards.” Instead of disclosing its view of Fremont’s underwriting, Goldman has acknowledged that it “[u]ndertook a significant marketing effort” to tell investors about what Goldman called Fremont’s “commitment to loan quality over volume” and “significant enhancements to Fremont underwriting guidelines.”  Fremont was shut down by federal regulators within several months of these statements.
  • In another example, Goldman was aware in early-mid 2006 of certain issues with Countrywide Financial Corporation’s origination process, including a pattern of non-responsiveness and inability to provide sufficient staff to handle the numerous loan pools Countrywide was selling. In April 2006, while Goldman was preparing an RMBS backed by Countrywide loans for securitization, a Goldman mortgage department manager circulated a “very bullish” equity research report that recommended the purchase of Countrywide stock. Goldman’s head of due diligence, who had just overseen the due diligence on six Countrywide pools, responded “If they only knew . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”
  • Meanwhile, as Goldman has acknowledged in this statement of facts, “[Around the end of 2006], Goldman employees observed signs of uncertainty in the residential mortgage market [and] by March 2007, Goldman had largely halted new purchases of subprime loan pools.”

Assistant U.S. Attorneys Colleen Kennedy and Kelli Taylor of the Eastern District of California investigated Goldman’s conduct in connection with RMBS, with the support of the Federal Housing Finance Agency’s Office of the Inspector General (FHFA-OIG) and the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP).

“Goldman Sachs had a fiduciary responsibility to investors, which they blatantly side stepped,” said Deputy Inspector General for Investigation Rene Febles of FHFA-OIG. “They knowingly put investors at risk and in so doing contributed significantly to the financial crisis. The losses caused by this irresponsible behavior deeply affected not only financial institutions but also taxpayers and one can only hope that Goldman Sachs has learned the difference between risk and deceit. Two Federal Home Loan Banks suffered significant losses so we are pleased to see both entities receive a portion of this settlement. We will continue to work with our law enforcement partners to hold those accountable who have engaged in misconduct.”

“Goldman took $10 billion in TARP bailout funds knowing that it had fraudulently misrepresented to investors the quality of residential mortgages bundled into mortgage backed securities,” said Special Inspector General Christy Goldsmith Romero for TARP. “Many of these toxic securities were traded in a taxpayer funded bailout program that was designed to unlock frozen credit markets during the crisis. While crisis investigations take time, SIGTARP is committed to working with our law enforcement partners to protect taxpayers and bring accountability and justice.”

The settlement is part of the ongoing efforts of President Obama’s Financial Fraud Enforcement Task Force’s RMBS Working Group, which has recovered tens of billions of dollars on behalf of American consumers and investors for claims against large financial institutions arising from misconduct related to the financial crisis. The RMBS Working Group brings together attorneys, investigators, analysts and staff from multiple state and federal agencies, including the Department of Justice, U.S. Attorneys’ Offices, the FBI, the U.S. Securities and Exchange Commission (SEC), the Department of Housing and Urban Development (HUD), HUD’s Office of Inspector General, the FHFA-OIG, SIGTARP, the Federal Reserve Board’s OIG, the Recovery Accountability and Transparency Board, the Financial Crimes Enforcement Network and multiple state Attorneys General offices around the country. The RMBS Working Group is led by Director Joshua Wilkenfeld and five co-chairs: Principal Deputy Assistant Attorney General Mizer, Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, Director Andrew Ceresney of the SEC’s Division of Enforcement, U.S. Attorney John Walsh of the District of Colorado and New York Attorney General Eric Schneiderman. This settlement is the fifth multibillion-dollar RMBS settlement announced by the working group.

Here’s a press release from New York Attorney General Eric Schneiderman:

NEW YORK — Attorney General Eric T. Schneiderman today joined members of the state and federal working group he co-chairs to announce a $5 billion settlement with Goldman Sachs over the bank’s deceptive practices leading up to the financial crisis. The settlement includes $670 million—$480 million worth of creditable consumer relief and $190 million in cash—that will be allocated to New York State. The resolution requires Goldman Sachs to provide significant community-level relief to New Yorkers, including resources that will facilitate a significant expansion of the New York State Mortgage Assistance Program enabling distressed homeowners to restructure their debt, as well as first-lien principal forgiveness, and funds to spur the construction of more affordable housing. Additional resources will be dedicated to helping communities transform their code enforcement systems, and invest in land banks and land trusts.

The settlement was negotiated through the Residential Mortgage-Backed Securities Working Group, a joint state and federal working group formed in 2012 to share resources and continue investigating wrongdoing in the mortgage-backed securities market prior to the financial crisis.

New York has now received $5.33 billion in cash and consumer relief from the National Mortgage Settlement (NMS) and all five Residential Mortgage-Backed Securities Working Group settlements (RMBS). The combined $3.2 billion in cash and consumer relief from RMBS settlements is more than any other state.

“Since 2012, my number one priority has been getting New Yorkers the resources they need to rebuild,” Attorney General Schneiderman said. “These dollars will immediately go to work funding proven programs and services to help New Yorkers keep their homes and rebuild their communities. We’ve witnessed the incredible impact these programs and services can have in helping communities recover from the financial crisis. This settlement, like those before it, ensures that these critical programs—such as mortgage assistance, principal forgiveness, and code enforcement—will continue to get funded well into the future, and will be paid for by the institutions responsible for the financial crisis.”

The settlement includes an agreed-upon statement of facts that describes how Goldman Sachs made multiple representations to RMBS investors about the quality of the mortgage loans it securitized and sold to investors, its process for screening out questionable loans, and its process for qualifying loan originators. Contrary to those representations, Goldman Sachs securitized and sold RMBS backed by large numbers of loans from originators whose mortgage loans contained material defects.

In the statement of facts, Goldman Sachs acknowledges that it securitized thousands of Alt-A, and subprime mortgage loans and sold the resulting residential mortgage-backed securities (“RMBS”) to investors for tens of billions of dollars. During the course of its due diligence process, Goldman Sachs received pertinent information indicating that significant percentages of the loans reviewed did not conform to the representations it made to investors. Goldman also received and failed to disclose negative information that it obtained regarding the originators’ business practices. Indeed, Goldman’s due diligence vendors provided Goldman with reports reflecting that the vendors had graded significant numbers and percentages of sampled loans as EV3s, i.e., not in compliance with originator underwriting guidelines. In certain circumstances, Goldman reevaluated loan grades and directed that such loans be waived into the pools to be purchased or securitized.

Even when the percentage of problematic loans in pools sampled by it vendors indicated that the unsampled portions of the pools likely contained additional such loans, Goldman typically did not increase the size of the sample or review the unsampled portions of the pools to identify and eliminate any additional such loans. In many cases, 80 percent or more of the loans in the loan pools Goldman purchased and securitized were not sampled for credit and compliance due diligence. Nevertheless, Goldman approved various offerings for securitization without requiring further due diligence to determine whether the remaining loans in the deal contained defects. A Goldman employee overseeing due diligence for a particular loan pool noted that the pool included loans originated with “[e]xtremely aggressive underwriting” and “large program exceptions made without compensating factors.” Despite this observation, Goldman did not review the remaining portion of the pool, and subsequently securitized thousands of loans from the pool.

Goldman made statements to investors in offering documents and in certain other marketing materials regarding its process for reviewing and approving originators, yet it failed to disclose to investors negative information it obtained about mortgage loan originators and its practice of securitizing loans from suspended originators.

Beginning in mid-2006, Goldman recognized that Fremont, a “key originator, was experiencing an increasing level of early payment defaults (“EPDs”) (i.e., loans for which the borrowers had failed to make one or more of their first payments). Goldman was aware that EPDs were a sign of originators’ bad credit decisions and could be indicators of potential borrower fraud. However, Goldman did not put Fremont on its “no bid” list and continued to purchase loan pools from Fremont during the period Fremont’s EPD claims remained unpaid. Moreover, Goldman “[u]ndertook a significant marketing effort” to tell investors about what Goldman called Fremont’s “commitment to loan quality over volume” and “significant enhancements to Fremont underwriting guidelines.” Likewise, Goldman identified issues with Countrywide’s origination practices. Goldman’s head of due diligence, when presented with a “very bullish” equity report on Countrywide, another large originator, exclaimed “[i]f they only knew  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”

Attorney General Schneiderman was elected in 2010 and took office in 2011, when the five largest mortgage servicing banks, 49 state attorneys general, and the federal government were on the verge of agreeing to a settlement that would have released the banks—including Bank of America—from liability for virtually all misconduct related to the financial crisis. Attorney General Schneiderman refused to agree to such sweeping immunity for the banks. As a result, Attorney General Schneiderman secured a settlement that preserved a wide range of claims for further investigation and prosecution. In his 2012 State of the Union address, President Obama announced the formation of the RMBS Working Group. The collaboration brought together the Department of Justice (DOJ), other federal entities, and several state law enforcement officials—co-chaired by Attorney General Schneiderman—to investigate those responsible for misconduct contributing to the financial crisis through the pooling and sale of residential mortgage-backed securities.

Under today’s settlement, Goldman Sachs will be required to provide a minimum of $480 million in creditable consumer relief directly to struggling families and communities across the state. The settlement includes a menu of options for consumer relief to be provided, and different categories of relief are credited at different rates toward the bank’s $480 million obligation, including at least:

  • $220 million for debt restructuring
  • $30 million for land banks and land trusts
  • $30 million for code enforcement
  • $150 million for first-lien principal reduction
  • $50 million for the creation and preservation of affordable rental housing

In addition to the settlement with Goldman Sachs, the RMBS working group has reached settlements with four other major financial institutions since 2012:

  • J.P. Morgan Chase: $13 Billion
  • Bank of America: $16.6 Billion
  • Citibank: $7 Billion
  • Morgan Stanley: $3.2 Billion

The National Mortgage Settlement (NMS), reached with the five largest national mortgage servicers, has provided $51 billion in consumer relief and cash nationwide. The combined amount of cash and consumer relief that has been returned to New York as a result of all the RMBS and NMS deals is $1.481 billion in cash and $3.857 in consumer relief, for a total of $5.338 billion. This matter was led by Senior Enforcement Counsel for Economic Justice Steven Glassman and Assistant Attorneys General Desiree Cummings and Kenneth Haim, both of the Investor Protection Bureau.

 

From Ring of Fire: Greece Goes To War With the World’s Most Corrupt Banks; Scams Will Be Revealed


greekfinmin11
Greece Goes To War With the World’s Most Corrupt Banks; Scams Will Be Revealed
— February 20, 2015
http://www.ringoffireradio.com/2015/02/greece-goes-to-war-with-the-worlds-most-corrupt-banks-scams-will-be-revealed/


Ever since the left-wing, anti-austerity Syriza party in Greece took control of the country, Greek leaders have been putting up a fight for its economy, reported Democracy Now. Greek financial leaders will continue trying to get their country out of the eurozone in order to keep their economy from completely bottoming-out.

Greece’s problems really didn’t go full tilt until Wall Street banks got involved. One of the main culprits is Goldman Sachs, which enabled Greece to hide their debts. The bank charged them $300 million for the operation, a veritable payday for the massive bank. This transaction goes all the way back to 2001, the year that Greece became part of Europe’s monetary union.

The New York Times reported in 2010 that “Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece.” Goldman Sachs, JPMorgan Chase, and many others contributed to the growing Greek debt crisis.

Their tactic? Take advantage of an entity while its down and use the desperation of another country to line Wall Street’s pockets. The banks took interest into a high risk client, and, driven by greed, they intensified an already existing problem. Did the banks care? No. They just cared about what’s profitable.

“Politicians want to pass the ball forward, and if a banker can show them a way to pass a problem to the future, they will fall for it,” said economist Gikas Hardouvelis.

The banks worsened the problem so much that the European Union called for an investigation into Goldman Sachs and the other banks involved.

“It appears that Goldman Sachs have colluded with past Greek governments to reduce the appearance of Greece’s debt for short-term gain, while in reality making it worse than ever,” said Arlene McCarthy, vice-president of the European parliament’s economic and monetary affairs committee. “These deals have increased costs for Greek taxpayers and left a mess behind for Greece’s citizens and the eurozone.”

Today, this problem has compounded over the years and with the threat of austerity, Greece has been backed into a corner.

When Greek financial minister, Yaris Varoufakis, introduced a compromise proposal to German finance minister, Wolfgang Schauble, the proposal was swiftly rejected. A union of 19 eurozone finance ministers will meet again today in Brussels in an attempt “to resolve a standoff that has sent jitters across the continent at the prospect of a messy Greek exit from the single currency.”

Greek’s €240 billion bailout expires in exactly one week. However, austerity measures attached to the bailout are making it difficult for the country to break out and abandon the euro. Because Greece is “locked out” of international lending markets, the country could go completely broke next month if no deal is reached, reported The Guardian.

“We are working so that Greece stays in the eurozone,” said Germany’s commissioner to the European Union, Guenther Oettinger. “On this basis I think an agreement will still be possible in the next eight days – if necessary via a further meeting of government leaders.”

Austerity measures and past deals with banks have Greece in the pressure cooker. If no deal is reached, Greece’s economy will tank, only accentuating the actions of Wall Street banks that sent the Greek economy from a stall into an outright tailspin.