Two Year Reminder For The Fed: How Is That Investigation Into Goldman’s Greek Currency Swaps Going?

 

I’m curious too? And if  I were the Greek people I would demand this investigation to happen before they paid any more money to the international banksters.

There are those who remember that back in February 2010, before the world realized just how broke Greece was, the public’s deplorably short attention span was briefly focused on none other than Goldman Sachs, which as so often happens, was at the heart of the scheme enabling Greece to skirt by Maastricht regulations and mask the fact that its debt and deficits were both far worse than represented publicly. There are also some who remember that back in February 2010, it was none other than the Federal Reserve that tasked itself with uncovering whether Goldman did anything “illegal” by engaging in currency swaps to make the Greek economy appear rosier than it was: “We are looking into a number of questions related to Goldman Sachs and other companies and their derivatives arrangements with Greece,” Bernanke said in testimony before the Senate Banking Committee…. Greece in 2001 borrowed billions, with the aid of Goldman Sachs in a deal hidden from public view because it was treated as a currency trade rather than a loan….Goldman Sachs spokesman Michael DuVally declined to comment on the Fed’s probe. “As a matter of policy we don’t comment on legal or regulatory matters,” DuVally said.

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