Simon Johnson MIT professor and former IMF chief economist says Goldman will be blacklisted and probably banned... http://www.businessinsider.com/simo...cklisted-and-possibly-banned-in-europe-2010-2 While Angela Merkel calls greek swap deal 'a scandal'. http://www.businessinsider.com/the-...-as-merkel-calls-greek-swaps-a-scandal-2010-2
the writers for the next wall street movie sequel should be taking notes here. You can't make this stuff up! LOL
angela merkl is defending her crown jewels, e.g. deutsche bank. not different from what happens in the US, e.g. UBS got banged pretty bad by the US Treasury last year. same corrupt modus operandi here and there. we work for them and they work for themselves.
Goldman didn't put a gun to anyone's head. This was a deal made by intelligent people on both sides, but like any trade, there must be a greater fool, and it was Greece. Again goldman will make a fortune if they havn't already, and once again fingers will be pointed. These guys would steal money from a Nun if they could. Sigh. Kon
Private over counter trade such as those credit swap are not in a leveled playground. It is schemes to steals.