Banks Bet Greece Defaults on Debt They Helped Hide

Courtesy NYT > Business  Wed, 02/24/2010 - 22:03

Bets by some of the same banks that helped Greece shroud its mounting debts may actually now be pushing the nation closer to the brink of financial ruin.


 

Related items

Bank of America Allegedly Called Grieving Widow '48...
They say you can't take your money with you when you die—and you can't take your debt, either. When people move on to that great air-conditioned lobby in the sky, their banks sometimes...

China reports local governments owe $1.6 trillion
China has released its first public account of debts owed by its local governments, amid concern about the possible impact on banks if borrowers default.

Despite Reform, Banks Have Room for Risky Deals
Even with regulation, some federally insured banks say they will continue to make speculative bets using their own money on behalf of clients.

BlueAnt UNOTPBAX53 X5 Bluetooth Stereo Headphone...
The X5 Stereo Bluetooth Headset is a portable multi-function device utilizing the latest cutting edge technologies allowing you to stream high quality music and make voice calls using a...

Uniden TRU9496 2-Line Corded/Cordless Digital...
With the Uniden TRU9496 5.8 GHz Digital 2-Line Expandable Phone System is the next generation of 5.8 GHz cordless phones. It's a full-featured digital answerer, with a Dialing keypad and a...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com