Friday, February 26, 2010

Goldman Sachs Under the Microscope

A few days ago I noted that Goldman Sachs might be investigated regarding some financial shenanigans involving Greece. Sure enough, only according to Bernanke it's the Securities and Exchange Commission that is doing the investigating, not the European Commission.

It was all perfectly legal, if ethically questionable;

In 2001 Goldman arranged so-called currency swaps, a complex derivative

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