The EU had their own housing loan debacles.
See Ireland and Spain.
No shit, sherlock...I never stated otherwise, nor does this change the facts regarding Greece and Goldman Sachs. That you make a moot point is just the stallings of the intellectually bankrupt neocon parrot who can't admit error on any level.
Still waiting for you to prove that Greece's economy was screwed by Goldman.
Or that Greece bought any US mortgages.
Keep trying!
Translation: this dumbfuck doesn't know what's going on, and will stall endlessly rather than do his own homework. Well, since I'm prone to humiliate right wing blowhards like Todd, I'll break tradition. Here's proof of the Greece/Goldman Sachs link
Goldman Secret Greece Loan Shows Two Sinners as Client Unravels - Bloomberg
Greek Debt Crisis: How Goldman Sachs Helped Greece to Mask its True Debt - SPIEGEL ONLINE - News - International
http://www.nytimes.com/2010/02/14/business/global/14debt.html?pagewanted=all
And as to the subprime mortgage fiasco in relation to the EU:
Four Parallels Between Europe's Debt, Sub-Prime Mortgage Crises - Forbes
Part 5-II: Why Did the Credit Crisis Spread to Global Markets? | University of Iowa Center for International Finance and Development
And now that I've dispensed with this little detour, let us all not forget that neocons/teabaggers/libertarians STILL cannot fault the Obama Healthcare Reform beyond speculation and denial of the previous reality of our healthcare industry....just ask Dr. Peelo and Wendall Potter.
But suspect that Todd will somehow just avoid acknowledging any facts that disprove his arsenal of talking points, and just parrot squawk his usual drivel and dodges.
Translation: this dumbfuck doesn't know what's going on, but enough about you.
wow, this is the BEST Todd can do in a retort?
"Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts."
Goldman helping Greece hide their debt doen't make their debt bigger.
Borrowing more makes their debt bigger.
Todd, you stupid bastard...the chronology of the posts shows that I stated IN NO UNCERTAIN TERMS that Goldman helped Greece get into the EU though chicanery WHEN GREECE SHOULD NOT HAVE BEEN ADMITTED. It's UNDERSTOOD that Greece's financial situation was shaky to begin with, AS THE ARTICLES POINT OUT IN DETAIL. The chronology of the posts shows YOU stating that THIS WAS NOT THE CASE. Clearly, you don't understand what the hell is going on, and are now trying to hide your error by making moot points. You've failed in that attempt, Todd.
"but with a little help from Goldman Sachs, they got in....which essentially made them a grave risk to the EU market"
Yeah, Greece is a threat to the EU. The EU should have never allowed them to join. Stupid EU.
Another pointless blurb by Todd as (Again) they would NOT have gotten in without the fast shuffle by Goldman Sachs, as my links duly point out.
The bankrupt Greek government wasn't buying American mortgage securities with the money they didn't have.
I didn't say they did, stupid. The chronology of the posts CLEARLY shows me stating that when the EU banks bought into those toxic USA mortgage securities, it screwed them and their members royally...with Greece being the more vulnerable. READ THE ARTICLES CAREFULLY AND COMPREHENSIVELY, TODD....or get an adult near you to explain them.
Let me know if there's anything else I can clear up for you.