Friday, February 26, 2010
Banks Bet Greece Defaults on Debt They Helped Hide
"Bets by some of the same banks that helped Greece shroud its mounting debts may actually now be pushing the nation closer to the brink of financial ruin."
Today's financial sector is like a cancer to the real economy. It must be shrunk significantly and the most rapacious institutions like Goldman Sachs and other investment banks, large commercial banks that have become speculative entities, etc, must be shut down or broken up.