Erstellt am: 22. 7. 2015 - 11:37 Uhr

Today's Webtip: The Business of Global Debt

Or: How Goldmann Sachs Profited from the Greek Debt Crisis.

You might have heard mentions of the fact that Goldman Sachs helped cook the books for Greece. You know, doing things like hiding debt and making their situation seem much better than it was.

And you might have wondered just what that meant. Or why a private company with investments in other countries that might be affected would want to do it.

Well, the answer will probably be about what you expected. Money. Butt-loads of bills. Massive sums served up whether their service was successful or not.

Something which we might well see more of, since it looks like GS and similar companies have been doing this type of thing for quite a few debt-laden tons, states and countries.

Want the details?

thenation.com has them