15 February 2010

THE EU: Must Audit And Punish Goldman Sachs For Going Rogue With Greek Debt.

BASELINE SCENARIO/ Economist Simon Johnson's blog/   It now looks like a single rogue bank can also bring down the world’s financial system. Goldman Sachs may be that rogue bank if the revelations by the NYTimes about Greece's debt and Goldman's  leveraging are true. Johnson argues that the EU MUST launch a special audit of Goldman Sachs and ALL its European clients.