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Political Heretic Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-16-10 03:41 PM
Original message
Bomb explodes outside JP Morgan Athens

The United States isn’t the only country with Main Street-Wall Street friction. In Greece, the tension turned violent Tuesday when a bomb went off at the offices of J.P. Morgan Chase in Athens. No one was injured, and a warning call was placed to an Athens newspaper. The time bomb damaged the door and broke some windows. Greece’s economy ran into trouble when credit-rating agencies downgraded its ratings due to huge government debts.

http://www.thedailybeast.com/cheat-sheet/

Reuters adds:
In 2007, the New-York based firm came under scrutiny by Greek investigators' after underwriting 280 million euros ($382.2 million) of structured government bonds which ended up with state pension funds at inflated prices.

JP Morgan, which denied any wrongdoing, agreed to buy back the bonds and reverse the deal.

Banks, foreign companies and police are a frequent target of leftist groups in Greece. No group has yet claimed responsibility for the attack, the official said.

Urban guerrillas nice media name for them exploded a makeshift bomb outside Greece's parliament in January, causing no injuries and minor damage.

In other attacks since the teenager shooting, guerrilla groups killed a Greek antiterrorism officer and bombed the Athens Stock Exchange.

http://www.reuters.com/article/idUSTRE61F4JS20100216?feedType=RSS&feedName=topNews&rpc=22&sp=true


Any comments I make would likely get me in trouble. :)

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ljm2002 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-16-10 03:55 PM
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1. Surprised it wasn't Goldman Sachs...
...given the details that have been in the news recently about how GS helped set Greece up for economic calamity.

Of course they did it with the full cooperation of the Greek government at the time.

But still.
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Renew Deal Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-16-10 03:55 PM
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2. Greeks are blaming "America" for their debt problems
I'm Greek and I was hearing it from family this weekend. They blame "America" and Wall Street for their debt problems. Also, these types of small bombings are fairly common in Greece.
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Electric Monk Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-16-10 03:56 PM
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3. Did it help?
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RainDog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-16-10 03:57 PM
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4. dupe
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Electric Monk Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-16-10 04:01 PM
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5. link
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