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February 18, 2012

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List Of 12,000 Names Of CDS Contracts Finally In Greek Hands (VIDEO)

Remember a story that we published several days ago titled "Mega Bomb Set To Explode With CDS Scandal", where we spoke about a list that was set to be published with the names of the holders of Greek CDS contracts? Well the report was finally released by US officials and it shockingly contains more than 12,000 contracts! This was announced by Lawyer and Former Parliamentarian George Noulas and Economist Kiriakos Tobras (from stopspeculators.gr) who have been investigating the story for more than two years now and who were invited guests on George Trangas' nightly talk show. In the video below, Noulas notes that he has informed the main opposition New Democracy party and its leader Antonis Samaras about the names contained on the list, and the conservative leader is expected to make a relevant announcement in the following few days about this HUGE SCANDAL and explain how the game "was played". According to what was said there are CDS on our economy, CDS on our banks and SHOCKINGLY even CDS on our utility companies!!!! The insurance on these bonds apparently equals to some 140 billion Euros (just the insurance !!) and the actual worth is valued at more than ONE TRILLION EUROS. This basically means that if Greece defaults, some banks (or funds) will be obligated to pay out over ONE TRILLION EUROS! It is an incredible sum, given the fact that Lehman brothers put the world in a global crisis in 2008 for mere 15 billion euros!!! Like we said... Greece was the testing ground... It began here... and from what it looks like it will finally end here! This is a MUST WATCH video.










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