Goldman Goes Rogue – Special European Audit To Follow

baselinescenario.com

7 pointscwan2 comments

For those that read the article and not the comments, the following link was provided to rebut the idea that reporting from Der Spiegel and the Times was uncovering something previously secret:

http://www.risk.net/risk-magazine/feature/1498135/revealed-g...

The question here is not what Goldman did wrong but why the ECB didn't take any action when this really was news.

Sounds like a need for more transparency on swaps and swap accounting, not more Bank bashing..

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