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12%  
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  • Wall St. Helped Greece to Mask Debt Fueling Europe’s Crisis(Goldman Sachs implicated again)

    02/14/2010 4:07:25 AM PST · by TigerLikesRooster · 48 replies · 1,270+ views
    NYT ^ | 02/14/10 | LOUISE STORY, LANDON THOMAS Jr. and NELSON D. SCHWARTZ
    February 14, 2010 Wall St. Helped Greece to Mask Debt Fueling Europe’s Crisis By LOUISE STORY, LANDON THOMAS Jr. and NELSON D. SCHWARTZ Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts. As worries over Greece rattle world markets, records and interviews show that with Wall Street’s help, the nation engaged in a decade-long effort to skirt European debt limits. One deal created by Goldman Sachs helped obscure billions in debt from the budget overseers in...