Posted on 03/10/2022 8:37:50 PM PST by anthropocene_x
Goldman Sachs, the giant New York investment bank, is cashing in on the war in Ukraine by selling Russian debt to U.S. hedge funds — and using a legal loophole in the Biden administration’s sanctions to do it.
As the Western world scrambles to defend Ukraine by locking down Russian money, the company is acting as a broker between Moscow’s creditors and U.S. investors, pitching clients on the opportunity to take advantage of Russia’s war-crippled economy by buying its debt securities low now and selling them high later, according to four financial world sources familiar with the strategy.
Goldman’s effort to profit from the war highlights the complexities the Biden administration faces in trying to punish Russia without harming Wall Street and the economies of the U.S. and its allies. And it is a stark reminder that no asset is too toxic to be traded when there are willing buyers, sellers and brokers.
(Excerpt) Read more at nbcnews.com ...
Ask the Canadians who yanked their cash out of the Canadian banks over the Turdeau bank account freezing how fast they're putting the money back in those banks.
You cancelled Russia totally, you effing snotwads.
How fast do you think the Russians are going to pay back the "debt" that you hold after they figure out how to run their lives and country without you?
Are you people mouth-breathing idiots?
Don't answer that question - we already know the answer.
Didn’t I just read that the Vampire Squid had pulled out of Russia entirely?
I dare call this “aiding the enemy”, aka “treason”.
Call your congressthings and tell them this.
Re: Aiding the Enemy
Sorry, the person who wrote this article is not financially literate.
The reason Russian bonds have lost value is because most investors are fearful that Russian companies and the government will default.
Buying a Russian bond is not aid. It is pure speculation.
they should change their name to Golden Sacks.
Hitler called this “International Jewish Finance” during WWII.
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