https://pjmedia.com/richardfernandez/2010/02/22/true-lies/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 22:16:52 -0400<![CDATA[Markets work by assimilating and pricing information. But sometimes the information is not available or it&#8217;s faked. The Greek debt crisis has focused renewed attention on the accounting procedures used by other European countries to measure their compliance with Eurozone guidelines now that the information shortcomings have been revealed. Investors, having lost confidence in the official numbers provided by Athens are demanding better figures. The Wall Street Journal says new doubts about &#8220;sophisticated&#8221; reporting practices used in the past are being expressed  not just for Portugal but even for core countries like France and Germany. One particularly controversial practice is the use of currency swaps on the advice of, among others, Goldman Sachs.]]>Mon, 22 Feb 2010 03:14:37 -0500<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2010/02/22/true-lies-n189632