watching across the european union banks accused of talking up greek debt fears so this comes from klaus regling the head of europe's rescue fund the european financial stability facility and he told a german newspaper that he believes banks are encouraging talk of a possible greek debt restructuring because they are hoping to earn large fees well first of all terrance quick. host a concert t.v. in greece and gave me this time so that's the first thing i want to say about greece the second thing i want to say is as we've been talking about on the show for months the greek debt situation is a plaything of the c.c. king banks on wall street there is no onerous debt there are only assets and fees to rape and pillage and take from the greek people we just came back from athens i played to a standing room only house once again with the hang the bankers who are people in greece still think that there is some logic behind their financial right for their country they don't understand us just requests so the quote from klaus regling is

their financial right for their country they don't understand us just requests so the quote from klaus regling is that he said in the one nine hundred eighty s. and one nine hundred ninety s. banks cashed in very high fees for the restructuring of sovereign debt in latin america and asia they would like to do that again in europe and apparently shanghai tree shea according to this article is also on board with this he believes the city has warned sovereign nations that this is happening that these banks just want a stupid fee and they'll throw entire nations under the bus they've thrown ireland under the bus and thrown portugal they've attacked greece they're attacking all these countries just for a stupid little fee and we've reported this over and over and over again five trillion dollars taken from the us economy just for fifty billion dollars in bonuses well the opposite of too big to fail is too small to succeed and in the case of greece it's only a three hundred billion dollar economy so it's not even as big as wal-mart one us company it's just the right size to rape and pillage by banke