What is in it for Goldman? They know damned well the bonds they bought are toilet paper and will never be repaid.
Will those bonds allow G/S to buy Venezuela? Can't blame the locals for being mad as *ell that desperate pols would sell their country rather than cede power.
Isn't this a bit like what Greek bankers have done, taking loans from EU bankers they know Greece can never pay back?
The country has nowhere to go but up.
My guess is that Goldman is betting on a more moderate (but equally globalist) Venezuelan leader to take over.
Venezuela is quite possibly the most blessed country in the hemisphere in terms of natural resources, farmland, and location.
They are counting on their cheaply bought off "FRIENDS" in the kongress coming to the rescue with a large cash influx to Venezuela. Bet on it.
Oh, they will be repaid, alright. By you and I...
>>What is in it for Goldman?
Fire Sale!
Incompetent government is profitable government. Look how profitable ours has been for them.