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Loan Modification

: Mortgage Lender Implode-o-Meter

How Goldman Sachs Helped Greece to Mask its True Debt

By Implode-Explode Heavy Industries

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"Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit."

Full post as published by Mortgage Lender Implode-o-Meter on February 08, 2010 (boomark / email).

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