Jump to content

Fed To Examine If Wall Street Is Betting On Default By Greece


Parsad
 Share

Recommended Posts

The Federal Reserve, as well as the SEC, are investigating credit default swap positions regarding Greece by various U.S. investment banks, including Goldman Sachs.

 

http://www.cnbc.com/id/35581471

 

PIMCO, as well as a few other market makers, also opposed the formation of a derivatives clearing house.  The reasoning behind it was that it had to be efficient, yet delays by these market makers are preventing transparency in the derivatives market.  It may very well take a huge blowup to get the world to make the hard choices necessary to get these things under control.  Cheers! 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...