these specific bonds that they were bought by hellenic postbank in spring. summer of two thousand and nine and then sold in december after the new government came to power to some third party that that third party has not yet been confirmed but it's also a question of the larger question of who owns all these other dirt of contracts that are bets against greek default and already the people in the gauche ations over the over bailouts for greece are they owners of this do they have any any interest in this so there's these massive potential conflicts of interest and one of the things that the m.p. asked for besides everything else was that the prime minister come to parliament and that he hears you provide evidence along with other people in the us and that effectively everyone coach or themselves or not person subs you know. provide evidence to say what you know do i or do i not have an interest in the collapse of the country because i'm involved in negotiations and that's a major potential conflict of interest ok so one point three billion in credit default

denial but they said that not only then they not by any credit default swap protections from hellenic postbank on greek that but they didn't buy any sprit c.d.'s period that they never advised in their clients to buy any and the the m.p. actually did not provide publicly the evidence that he he claims he has disseminated into many hands and i could go on national television afterward and said that no one you know that's no one should try to or that he is suggesting that he's been threatened and that he won't be threatened and that this information is in many hands but we haven't seen the specific evidence for this specific firm out of the larger context of the article that i wrote about is something that you've talked about on your show before you've had good actors thought us on the show and who along. george negus filed a lawsuit against the greek government speculators for their role in this larger financial. syndicate project using the derivatives markets on the one hand the c.d.s. market the insurance market and the naked short selling bonds on the other hand with the v.a. to the greek ce

of this cabinet from the sale of one point three billion worth of credit default swaps from hellenic postbank a public banking arm of an arm that the greek government has about thirty three percent stake in two private books to a specific firm but he actually names on the floor parliament and he actually he actually cites people on the management people on the board it was a pretty graphic thing allegations and it was one that he was prompted to make by certain that i was a face who's a leader of another minority party who are low. nasha mentioned that after after making these allegations and after i wrote an article with firm that he cites came out with a full denial but they said that not only been up to date not by any credit default swap protections from running back on greek that that they didn't buy any species yes period they never dies in their clients. and the the the m.p. actually did not provide publicly the evidence that he he claims he is the salmon it into many hands and i could go on national television afterward and said that no one you know that's no one should try to or that

square on the right side of parliament and there was smoke billowing out everywhere you had the hellenic postbank lit on fire so it's chaotic i mean i don't really here during the day after this aftermath i'm first i just want to break in cause we're all go out of time but i just want to ask if you think that the united states needs to be paying attention to this as it looks at cuts in its own budget and having and into entitlements for example on the possible talking blotter. look i mean in title months there's an issue with entitlements regardless whether you're for the way these things are implemented or not many greeks here understand that we need to cut the public sector we need to to shore up this this economy we need to create a market that's that they can deal with they can absorb capital and promote private investment. i think is the real issue tonight states and they should look to greece for that is that what happened what's going to happen in the u.s. if you had similar protests in new york what if you had people you know going up and down central park breaking things i mean is that i