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Geschreven door: Troy Ounce, 09-02-2010 14:38

If Greek banks indeed sold Greek protection and Goldman was the bulk buyer it is precisely Goldman that can now dictate what the collateral margin that Greek counterparties, and by extension the very nation of Greece, have to post on billions of dollars of Greek insurance.In essence, through its conflict of interest, its unshakable negotiating position, Goldman can expand its previous position of strength which determines sovereign policy! Lunacy and a recipe for global financial collapse.