Greek's tragedy climbs to new level of stupidity it seems but there might be more to it.
After all the dramatic claims of the PM to stop the evil hedge funds we find out that a state controlled bank of Greece is one of the biggest CDS speculators - I have no doubt that he/ they knew that so why all the theatrical performance. Where should be more than meets the eye as such events trigger only a cover up for deeper hidden agenda. We will find out eventually as some 'desperate' moves soon will show what is part of the agenda like the sale of some islands who have plenty of oil resources suddenly in 5-10 years from now

excerpt
http://www.zerohedge.com/article/biggest-greek-cds-speculator-has-been-uncovered-culprit-greek-state-controlled-hellenic-post

The Biggest Greek CDS Speculator Has Been Uncovered - Culprit Is... Greek State-Controlled Hellenic Post Bank!

We have officially moved from a Greek tragedy to a Greek surreal comedy. After nearly a month-long scapegoating campaign in which Greek PM G-Pap said he would spit in the faces and skullf#@* all those who dared to buy Greek CDS (because as we have all been lied to by everyone who doesn't know the first thing about CDS, it is CDS buying not bond selling that drives spreads), with the stupidity reaching as far and wide as the Spanish and German secret services, which said they would spy on CDS traders in London and New York, Greek daily Kathimerini has just uncovered that the biggest speculator, holding 15%, or $1.2 billion of the total $8 billion in Greek notional CDS, has been a firm that operates about 2 blocks away from the parliament building in Athens - the state-owned Hellenic Post Bank (TT)! Luckily poetic justice is about to be served, as every single media outlet tomorrow will apply the same circus monkey treatment to G-Pap and his clownshoes henchmen, not to mention the chorus of obese idiots over at the European Commission who fell for the ruse (speaking of EU idiots, has anyone heard of Jenny Craig relapse patient Joaquin Almunia in the past 2 months, with his "Greece will never demand a bailout" arrogance). While there had been speculation that Greek banks were selling Greek CDS to hedge funds, it had never crossed anyone's mind that a Greek bank could be betting on the collapse of its own sovereign host (especially one which does not own Bernanke's printing press), and that in such size! Frankly this beats even our very own AIG fiasco by orders of magnitude in stupidity.

2. The Aexelrod factor (presidency)

Obama took over most of the Clinton aids with a very Jewish bias for his closest advisers which is amazing but not surprising as he was prepared by them for this duty it seems.

The Axelrod Factor: Why Obama Fails to Deliver

Updated February 3, 2010

After one year in office, President Barack Obama has failed to deliver on any of his key campaign promises. Public opinion of the Obama White House has clearly changed. Obama has only succeeded in protecting the outrageous 9-11 deception, wasting billions of dollars in bailing out Maurice Greenberg's criminal enterprise A.I.G. and the corrupt investment banks he insured, and increasing the killing and suffering in the Middle East and Central Asia. To understand why Obama seems unable to deliver we need to know much more about his Senior Advisor David Axelrod -- the man who made Obama president.

After one year, even the New African asks Obama, "Where is the hope?"

"What went wrong?" Pat Oliphant asks the "Great Obama."

"Now what?" Time magazine asks of the president who was elected on promises of change but fails to deliver. He can't even close the outrageous gulag of Guantanamo? What's wrong?

"Who is Barack Obama?" Bob Herbert of the New York Times asks, "Americans are still looking for the answer, and if they don’t get it soon — or if they don’t like the answer — the president’s current political problems will look like a walk in the park."

"Mr. Obama promised during the campaign that he would be a different kind of president, one who would preside over a more open, more high-minded administration that would be far more in touch with the economic needs of ordinary working Americans. But no sooner was he elected than he put together an economic team that would protect, above all, the interests of Wall Street, the pharmaceutical industry, the health insurance companies, and so on," Herbert wrote in his editorial of January 25 entitled, "A Credibility Gap."

"Who is Barack Obama?" asks Bob Herbert of the New York Times.

"Americans want to know what he stands for, where his line in the sand is, what he’ll really fight for, and where he wants to lead this nation," Herbert concluded. "They want to know who their president really is."

THE AXELROD PRESIDENCY

It is safe to say that the U.S. government today is a far cry from what the framers of the Constitution intended. Congress has lost its control over our currency and completely abdicated its role as the only branch that can declare war. These powers now belong to the president, directly or indirectly. The executive branch has gained immense power at the expense of the legislative branch, our representatives in Congress. The result is that our presidents have much more power than envisioned by the Founding Fathers. The real power of the U.S. government is centralized in the person of the president, who has more power than a king or czar. To control the United States one need only control the president. The president is controlled by the people around him, his chief of staff and senior advisors. This is why it is essential to understand who advises the president because these are the people who shape the policies of the White House.

To understand the Obama presidency one needs to know the people who made Barack Obama president. Chief among the people behind the Obama presidency is David Axelrod, Obama's friend, senior advisor, and chief media and political strategist. If one were to look behind the televised images of Barack Obama, one would find David Axelrod writing the speeches and creating the image of the candidate and the president. While Barack Obama is the face of the current administration, the policies, words, and images are creations of David Axelrod. So overwhelming is his influence on the White House that it would be fair to call this the Axelrod Presidency.

David Axelrod is the man who explains the Obama administration to the world.

Axelrod is Obama's right-hand man and is always at his side.

Axelrod goes everywhere Obama goes...

Axelrod writes Obama's speeches...

and coaches him on how to present them, as he has since 1992.

Axelrod has been with Obama as his advisor and chief strategist every step of the way, creating and shaping the candidate who became president after a short career as a politician from Chicago.

Looking at the Obama White House from outside, one might get the impression that David Axelrod is the real president and Obama is his spokesman.

WHO IS DAVID AXELROD?

The most peculiar thing about David Axelrod is that although he is clearly one of the most powerful men in the government of the United States, for most Americans he remains an unknown factor. The controlled media does nothing to help us understand who Axelrod is. How can that be? How is it that Axelrod represents the executive branch of the U.S. government on television and speaks to the media daily about the policies of the U.S. government and nobody cares to explain who this person is and how he became senior advisor to President Obama? Who is this senior political advisor to the president who said, quite incorrectly, in June 2009 that Iran had nuclear weapons - on national television? Who is Axelrod to say that Iran will face consequences for failing to submit to the extra-judicial dictates of the so-called "international community," as he did at the end of 2009?

David Axelrod is a Chicago-based media consultant, advertising man, and corporate lobbyist who makes his living by changing public opinion to support his clients, who are primarily political candidates and major corporations. Axelrod is really a paid lobbyist who uses television advertising to change public opinion on behalf of his clients. Because he has two kinds of clients – political candidates and large corporations - Axelrod started two media companies: AKP&D Message and Media for politicians, and ASK Public Strategies for corporations. While all partners at AKP&D (A is for Axelrod, with John Kupper, David Plouffe, and John Del Cecato) held senior positions on the Obama campaign, it wasn't the only campaign AKP&D worked on. AKP&D also provided services to the presidential campaigns of John Edwards and Hillary Clinton.

Creating a positive image to affect public opinion through television ads is one of the basic services Axelrod provides. To do this he writes most of their speeches. Because he has so many politicians as clients, sometimes he re-uses the same speech. When Obama the candidate used the same speech that Deval Patrick or John Edwards had used earlier, it wasn't plagerism – it was simply Obama reading a recycled Axelrod speech.

David Axelrod is described on the White House website as the former "Senior Partner" at AKP&D, who "managed media strategy and communications for more than 150 local, state, and national campaigns, with a focus on progressive candidates and causes."

SourceWatch has information about David Axelrod and his media companies. As a former resident of Cook County who was born and raised in the Chicago area, I can say that the people who Axelrod has helped put into office in Illinois and Chicago are anything but "progressive." Having monitored elections in Cook County, I can say with a high degree of certainty that the Chicago-based political figures that Axelrod has worked with are actually part of a large criminal enterprise.

Why would David Axelrod be involved in promoting candidates who are so easily corrupted? Why is a son of Romanian Jewish immigrants working to promote black candidates in cities and states across the country? Who tells Axelrod who to support and what policies to promote?

ATTACK DOGS OF ZIONIST TERRORISTS

David Axelrod and Rahm Emanuel run the Obama White House.

David Axelrod works very closely with Rahm Emanuel, President Obama's Chief of Staff. Axelrod and Emanuel are the highest level Zionist agents/controllers of the Obama administration. Rahm Emanuel is named after an Israeli terrorist from the Stern Gang and is the son of Benjamin (Auerbach) Emanuel, a former member of the Irgun, the Zionist terrorist organization headed by Menachem Begin. The Irgun was behind the bombing of the King David Hotel in 1946, the worst terrorist bombing in Palestinian history.

Rahm Emanuel with his brothers and his father, Benjamin, who admitted to the author that he had been a member of the Irgun, a terrorist gang headed by Menachem Begin.

Menachem Begin was a well-known terrorist who went on to become prime minister of Israel.

Begin had been a criminal in the Soviet Union (1940) before bringing his terror methods to Palestine.

While still in their twenties, Axelrod and Emanuel began working together to defeat Senator Charles H. Percy (R-Ill.) in 1984. Percy was a popular senator who had served three terms and risen to become the Chairman of the Senate Foreign Relations Committee. Senator Percy had become a powerful adversary of Menachem Begin, the former terrorist leader who had become prime minister of Israel. Begin saw Percy as an enemy in the U.S. Congress because Percy was openly critical of illegal Israeli settlements in the occupied Palestinian territories and advised Israel to compromise with the Palestinians. Percy had also criticized Israel's brutal siege of West Beirut during the summer of 1982, saying, "It could turn out to be, if it continues this way, Israel's Vietnam."

Sen. Charles H. Percy

When Begin read a report Percy had called for economic measures to be taken to stop Israel's murderous invasion of Lebanon, Begin fired back. "I would like to tell Senator Percy that nobody, nobody is going to bring Israel to her knees. You must have forgotten that Jews do not kneel but to God," an angry Begin told Jewish fund-raisers in Jerusalem. Philip M. Klutznick of Chicago, the former president of B'nai B'rith International and the World Jewish Congress, who had corresponded with both Percy and Prime Minister Begin, was a key Jewish fund-raiser who conspired with Begin and took action to remove Senator Percy from office.

Begin wanted Percy removed from his position of power in the U.S. Congress and Klutznick made it happen. When Axelrod and Emanuel went to work for the Paul Simon senate campaign (1984) they were taking orders from Klutznick and working as the political attack dogs for Menachem Begin, one of the most notorious terrorists of history. Axelrod was later commissioned in 1992 by Klutznick to make Barack Obama "our first black president," as his daughter Betty Lu Saltzman said.

David Axelrod and Rahm Emanuel are clearly not working for America's best interest in the Obama White House. They are the highest-level point men in the White House for an international network of Zionist criminals. The candidates that Axelrod promotes are not progressive. They are controlled. The Zionist strategy in promoting candidates who can be controlled is what I call "Control through Corruption."

THE 9-11 CONNECTION

One of Axelrod's clients was Michael R. White, who was mayor of Cleveland from 1990 to 2002. Mayor White played a key role in the actions that took place at the Cleveland airport on 9-11, when it was reported that Flight 93 and another plane had made emergency landings and that the passengers had been taken into the NASA facility at the airport where they had been interviewed by FBI agents.

Mayor Michael White of Cleveland lowered Sam Miller's property tax by $56 million and played a key role in the deception of 9-11.

Mayor White headed what is described as the most corrupt administration in Cleveland history. Nate Gray, who is currently in prison, was White's "bagman," and collected bribes for contracts. During a court hearing in September 2008, U.S District Judge James Gwin said Gray still refused to testify "to protect some compatriot."

Michael White's "bagman" Nate Gray went to jail for 15 years.

As I wrote in "The Hollywood Fantasy of Flight 93" in 2006:

On August 17, 2005, White's business associate and close friend, Nate Gray, was convicted of 36 criminal counts relating to bribery of public officials in four cities. Two days after the Gray conviction, Brent Larkin, in an editorial in the Cleveland Plain Dealer, wrote: "Now we know that, at the very least, White presided over a government that will forever be remembered as one of the most corrupt in the city's history."

The central figure in the corruption of the White administration appears to be Samuel H. Miller, co-chairman of the board of directors and treasurer of Forest City Enterprises, Inc., a family-run company with extensive real estate holdings which it owns or manages. The Ratner family, which Miller married into, controls Forest City Enterprises. Ricardo Teamor, one of the co-defendants in the racketeering and extortion scheme with Nate Gray, told the FBI that Mayor White, Gray, and Miller had regular business dinners at the Ritz Carlton hotel for years. According to Teamor, Gray said that Miller controlled White and told the mayor what to do.

Miller was White's biggest financial backer when, as a little-known state senator, White ran for mayor in 1989. Miller is also a national leader in Zionist and Jewish causes. He is, for example, the national chairman of the United Jewish Appeal (UJA), a past chairman of the Cleveland Jewish Welfare Fund and Israel Bonds, and a member of the board of trustees of the Jewish National Fund. Miller is also the father of Aaron David Miller, who served for two decades at the Department of State as senior adviser to six Secretaries of State, where he was involved in formulating U.S. policy on the Middle East and the Arab-Israel peace process.

The Zionist Jew Sam Miller ran the city of Cleveland...

...while his son Aaron (center) crafted U.S. policy in the Middle East for two decades. Here Aaron Miller talks with the war criminal and genocidaire Ariel Sharon.

When David Axelrod worked his television magic to get Michael White elected mayor, he was really working for Sam Miller. Miller then used White to serve his purposes. Under Mayor White, Sam Miller's taxes for the property he owned (with the Ratner family of Forest City) in Cleveland fell every year to the point where he was paying very little tax. When White took office in 1990, he cut Miller's property tax by 21 percent. In 1991, Miller's taxes fell another 20 percent. In 1992 his taxes fell another 17.3 percent and in 1994 by 12.4 percent - for a tax cut of 71 percent in four years. During the first four years of White's administration, Miller's assessed property value was lowered by $160 million, saving him and Forest City $56 million. This savings for Miller and Forest City lowered revenues for Cleveland schools and libraries. Axelrod also worked on something called the Gateway Committee (Cleveland Downtown Redevelopment Program), which was a project that the Miller family was very much involved in.

David Axelrod is a highest-level Zionist agent controlling the president of the United States. Here he discusses candidate Obama's visit to Israel as he speaks from the King David Hotel. This was the hotel that was bombed by Rahm Emanuel's father and his gang in 1946 killing more than 90 people.

Menachem Begin was the terrorist head of the Irgun when it bombed the King David Hotel in Jerusalem, killing nearly 100 people. Rahm Emanuel's father was an active member of this terrorist gang at the time and probably was involved in this atrocity given the fact that he lived in Jerusalem at the time.