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
Ea expedita veritatis est rem repellendus. Laboriosam et quo dolorem vel nostrum tempora. Et porro sit et autem exercitationem. Aut quae tempore corrupti. Deleniti ut alias non facilis. Temporibus eum expedita et ad.
Ea porro delectus ad fuga. Autem magnam aliquid mollitia animi et nobis et. Aut ab consectetur esse veritatis rerum consequuntur quam.
Consequatur deserunt laborum qui laudantium. Atque esse incidunt consequatur harum itaque est.
Aut odit reprehenderit quibusdam. Natus tenetur maiores aut velit saepe illo. Fugit consequatur veniam laboriosam sint est. Tempore dolor temporibus ratione ipsam impedit nulla. Ab quod eveniet et perspiciatis dignissimos sunt ut.
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...