Greece got about $1b from 85 Broad via a swap.
They had approximately $300b in additional debt.
This article exists because many readers like to pretend that bankers are the root of all evil.
They had approximately $300b in additional debt.
This article exists because many readers like to pretend that bankers are the root of all evil.
The key message is that bankers do a lot more damage than good with the money and leverage handed to them by the govt. Their positive impact on the economy has been vastly overstated, and the public is increasingly wise to that scam.