Posts Tagged ‘BP’
Goldman and Greece, etc.
(1) Goldman Sachs and Greece: A piece in Bloomberg about how Goldman made a “secret loan” to Greece in 2001 involving currency swaps and interest-rate swaps. This ended up costing Greece billions of euros. Interest-rate swaps have caused trouble for lots of municipalities (as the SEIU report I linked to the other day documents). We’ll ...Read more.
Three Big Headlines: BP, Banking, Goldman
Wow–three big headlines today: (1) BP supposedly manages to cap the Deepwater Horizon well–for now, at least–after 87 days of oil gushing into the Gulf of Mexico. It is clearly far from over. Not only are we not really sure whether the well will stop spewing oil (as indicated by this article posted to the ...Read more.

