Analyst's note: Absolutely must read. We will likely find that this administration and it's friends in high financial circles are involved one of the largest scams in American history to reach the pockets of the American citizens and redistribute our wealth. Socialism will ultimately fail once again.
"A complaint has been filed with the antitrust division of the U.S. Department of Justice claiming that the top credit-rating services in the United States, which control an estimated 90 percent of the industry, are complicit in hiding billions of dollars of China's debt.
The complaint, which is available online, was filed by Sovereign Advisers on behalf of Starwood Trust and other "defaulted creditors." It accuses Standard & Poor's and Moody's Investors Services of willfully concealing China's debt and providing those interests with good credit ratings to profit from the rating service.
[....] Also named are Goldman Sachs and Morgan Stanley for their roles as credit rating advisers to the Chinese government.
[....] China "refuses to repay (the loans) in violation of international law."
[....] Chinese companies were in line to benefit from the $700 billion-plus Wall Street bailout being developed at the time while China still owed the U.S. $100 billion or more in unpaid debt.
[....] WND reported in 2007
WND also has reported extensively
on a long list of defective and even dangerous products that have been exported from China to the U.S." Related articles:
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