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WASHINGTON (MarketWatch) — Federal Reserve Board Chairman Ben Bernanke revealed Thursday that the central bank is looking into Goldman Sachs Group Inc.’s dealings with the Greek government. “We are looking into a number of questions of Goldman Sachs’ derivative arrangements with Greece,” Bernanke said in testimony before the Senate Banking Committee. The European Union has demanded that the Greek government provide details of how it used currency swaps and other instruments. The New York Times reported that Greece in 2001 had borrowed billions, with the aid of Goldman Sachs /quotes/comstock/13*!gs/quotes/nls/gs (GS 155.30, -3.03, -1.91%) in a deal hidden from public view because it was treated as a currency trade rather than a loan. Bernanke also said the Fed was looking into trading of credit default swaps that allow financial firms and investors to bet that Greece will default on its debt. Bernanke said this trading was “counter-productive” and under review by the Fed and the Securities and Exchange Commission.
LOL, my house was HOTD back in early 2007, but that was before I even knew about brownstoner. About 30-40 comments all guests but the What was there!!!!
Let’s just say that we have the ability to make certain postings “disappear” if you know what I mean, and that we have a certain amount of, shall we say, “influence” over the widget.
WASHINGTON (MarketWatch) — Federal Reserve Board Chairman Ben Bernanke revealed Thursday that the central bank is looking into Goldman Sachs Group Inc.’s dealings with the Greek government. “We are looking into a number of questions of Goldman Sachs’ derivative arrangements with Greece,” Bernanke said in testimony before the Senate Banking Committee. The European Union has demanded that the Greek government provide details of how it used currency swaps and other instruments. The New York Times reported that Greece in 2001 had borrowed billions, with the aid of Goldman Sachs /quotes/comstock/13*!gs/quotes/nls/gs (GS 155.30, -3.03, -1.91%) in a deal hidden from public view because it was treated as a currency trade rather than a loan. Bernanke also said the Fed was looking into trading of credit default swaps that allow financial firms and investors to bet that Greece will default on its debt. Bernanke said this trading was “counter-productive” and under review by the Fed and the Securities and Exchange Commission.
I guess that’s what PIGS are made of.
Biff!! I just got an email from CVS that you can follow them on Twitter now, lol.
Posted by: CGar at February 25, 2010 12:36 PM
…because who doesn’t want to know the sordid details of what happens behind the Pharmacy counter after hours?
That’s the one, DH. Haven’t you always wanted to follow your pharmacy on Twitter?
m4l, I’m afraid probably not grounds for a grievance.
Slopey = The Enforcer (And here I thought he was our mild-mannered Voice of Reason!)
“Biff!! I just got an email from CVS that you can follow them on Twitter now, lol.”
Great, this can compensate for the fact I can’t get a response / acknowledgement from a CVS employee in person.
LOL, my house was HOTD back in early 2007, but that was before I even knew about brownstoner. About 30-40 comments all guests but the What was there!!!!
Let’s just say that we have the ability to make certain postings “disappear” if you know what I mean, and that we have a certain amount of, shall we say, “influence” over the widget.
DIBS, guess you are serious about retiring in 3 yrs. then definitely don’t invest too much more into your BS pad
The drug store?
Biff!! I just got an email from CVS that you can follow them on Twitter now, lol.