Parsad Posted February 25, 2010 Share Posted February 25, 2010 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 More sharing options...
Partner24 Posted February 25, 2010 Share Posted February 25, 2010 Oh my, when are we gonna see Peter Eavis write several articles about Greece liquidity crunch? ::) Link to comment Share on other sites More sharing options...
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now