Alexander Higgins Blog
While trying to meet the terms of the EU Treaty, Goldman Sachs’ duped Greece in a derivative transaction disguised as a loan leaving taxpayers on the hook for $793 million.
A Bloomberg report on Goldman Sachs cooking the books for Greece reveals politicians were fleeced by the Wall Street darling to the tune of nearly one billion dollars.
Goldman Sachs’ duped Greece in a derivative swaps transaction with Greece, that was disguised as a loan, which immediately left Greek Taxpayers on the hook for $793 million for the $2.8 million Euros borrowed.
Perhaps even worse, is the admission that Greece isn’t the only Euro nation that was fleeced while trying to meet the terms of the EU treaty, which requires members of the EU to shore up their finances to ensure the stability of the Euro.
Instead, Goldman is deflects the blame saying “The swaps were one of several techniques that many European governments used to meet the terms of the treaty”,
The report goes onto reveal that Goldman has scammed everyone from Alabama’s Jefferson County and the German city of Pforzheim by pitching them complex deals the victims were told would fix up their finances.