politics

My Bank Is Involved in State-icide


Yuk.

As Greece’s financial condition has worsened,
undermining the euro, the role of Goldman Sachs and other
major banks in masking the true extent of the country’s
problems has drawn criticism from European leaders. But
even before that issue became apparent, a little-known
company backed by Goldman, JP Morgan Chase and about
a dozen other banks had created an index that enabled
market players to bet on whether Greece and other European
nations would go bust.

SOURCE

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