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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

http://www.thetradingreport.com/2010/02/10/more-polish-on-the-goldman-shine/


Anonymous
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."

http://www.nytimes.com/2010/02/14/business/global/14debt.html?em


Anonymous
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.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=asBNXSLtlN9E&pos=2


Anonymous
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..


 

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