Greek woes revive seven-year old Goldman swap story
There have been no new developments since then but, earlier last week, Germany's Der Spiegel revisited the issue, sparking widespread coverage by financial blogs – including those run by the New York Times, Reuters, the LA Times and the Financial Times. The story has provided commenters with fresh ammunition for their attacks on Goldman Sachs – even though the transaction was legal, common at the time, and widely marketed by a number of banks.
The real scandal, according to Gustavo Piga, an
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