"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Goldman Bet Against Entire European Nations - Who Were Clients - the Same Way It Bet Against Its Subprime Mortgage Clients
Submitted by Melinda L. Secor on Sun, 2011-07-17 01:00
in
"It is well-documented that big banks like Goldman Sachs made money by betting against investments which they themselves bundled and sold to their own clients, such as packages of subprime mortgage-related products such as collateralized debt obligations. But did you know that the big banks did the same thing with entire European nations?"
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