In what I'm quite certain will amount to much ado about nothing, Ben Bernanke testified before Congress today that the Federal Reserve is investigating Goldman Sachs's part in the Greek debt crisis. Evidently, destabilizing a sovereign nation for fun and profit is not okay anymore.
“We are looking into a number of questions relating to Goldman Sachs and other companies and their arrangements with Greece,” Mr Bernanke said, noting that the US Securities and Exchange Commission was also interested in the issue.
In the event the bank is found guilty of wrongdoing, the penalties could be steep. Possible sanctions being discussed include the appointment of Timothy Geithner to Goldman's board, increased corporate welfare to keep Goldman execs in the highest possible tax bracket, and Yankees season tickets for every rank-and-file Goldman employee.
It's good to be king.
And who is investigating the Fed?
Ron Paul and Peter Schiff
Ut sit voluptatem voluptatem repellendus. Explicabo repellat incidunt aperiam voluptates. Sunt sunt est quo.
Nobis autem sed natus eum quas. Enim rerum est in atque. Amet aliquid officia vel ipsam asperiores. Nihil et voluptates dolorem iure quam. Asperiores sit consectetur tenetur qui officiis. Minus repudiandae corrupti voluptatem veniam incidunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...