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Goldman Sachs arranged swaps that effectively allowed Greece to borrow 1 billion Euros without adding to its official public debt. While it arranged the swaps, Goldman also sought to buy insurance on Greek debt and engage in other trades to protect itself against the risk of a default on those swaps.
- Mike Rivero
Member Submitted News
A boom in electric vehicles made by the likes of Tesla Motors Inc. could erode as much as 10 percent of global gasoline demand by 2035, according to the oil industry consultant Wood Mackenzie Ltd.orraz
Buying the War: How Big Media Failed Us (2007)...When Fake News was served up by The New York Times, NBC, CBS, CNN, Fox, et al.alexmark
A new law making it illegal to smoke in a car with anyone under the age of 18 comes into force in Scotland on Monday.orraz
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