Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.
RSS Feed Print
Goldman Sachs Helped Greece Mask its True Debt
Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5780

Posted: 2/10/2010 6:51:42 PM

By: Dirty tricks

Posted: Saturday, August 13, 2011

Posted: 2/14/2010 9:49:56 AM

By: Wall Street tactics

Wall St. Helped Greece to Mask Debt Fueling Europe’s Crisis

"Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts."

Posted: Saturday, August 13, 2011

Posted: 2/17/2010 6:01:00 AM

By: Euro crakdown

"Failing to disclose the swap may have allowed Goldman, a co-lead manager on many of the sales, other underwriters and Greece to get a better price for the securities, said Bill Blain, co-head of fixed income at Matrix Corporate Capital LLP, a London-based broker and fund manager."

“The price of bonds should reflect the reality of Greece’s finances,” Blain said. “If a bank was selling them to investors on the basis of publicly available information, and they were aware that information was incorrect, then investors have been fooled.”

Posted: Saturday, August 13, 2011

Posted: 2/15/2010 3:38:11 AM

By: froggy

Taxpayers bailed out the banks...Governments should take advantage of this bail out programme and decide to balance the assistance provided with the funds due to such banks, under their swap terms...
Like say..JP Morgan received US 130 billion of assistance, but arranged swaps for USD 120...We balance the book and JP Morgan is now only in the hook for USD 10 billions...

Government can also claw back the assets given away under the financing terms as part of the repayment scheme for taxpayers assistance..


Jump to different Forum... 

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results.

View Recent Digests

Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.