Is Goldman Sachs Ubiquitous?
Now Goldman Sachs (GS) is being painted into the center of the emerging picture of the Greek crisis. An article in Satuday’s New York Times by Louise Story, Landon Thomas Jr. and Nelson D. Schwartz describes how Goldman designed vehicles to transfer current obligations of the Greek government far into the future. This helped Greece to appear to be satisfying the fiscal requirements of the EU (European Union) by practicing deception. The most recent attempts by bankers to practice their magic have apparently not been adopted by Greece. From the NYT article: Even as the crisis was nearing the flashpoint, banks were searching for ways to help Greece forestall the day of reckoning. In early November — three months before Athens became the epicenter of global financial anxiety — a team from Goldman Sachs arrived in the ancient city with a very modern proposition for a government struggling to pay its bills, according to two people who were briefed on the meeting. The bankers, led by Goldman
