Monday, February 15, 2010

Goldman's murky role in Greek drama

Feb. 15 (Bloomberg) -- A Greek government inquiry uncovered a series of swaps agreements with securities firms that may have allowed it to mask its growing debts.
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NYT article

Comment: EU officials are eagerly waiting for a reason to declare Goldman Sachs a criminal organization and to have it banned from operating in Europe or preferably to hang or to guillotine some its big shots. No-one need be surprised by Greece. Dirty business is part of politics. Yet Goldman's involvement in the tricky deals shows that the large American investment bnaks have lost all sense of decency and ethics. Most of the Goldman Sachs rivals have vanished. It is high time that Goldman will vanish, too.

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