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Swimming with the sharks: Goldman Sachs, school districts, and capital appreciation bonds
Monday, February 23, 2015 22:12
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Remember when Goldman Sachs—dubbed by Matt Taibbi the Vampire Squid—sold derivatives to Greece so the government could conceal its debt, then bet against that debt, driving it up? It seems that the ubiquitous investment bank has also put the squeeze on California and its school districts. Not that Goldman was alone in this; but the unscrupulous practices of the bank once called the undisputed king of the municipal bond business epitomize the culture of greed that has ensnared students and future generations in unrepayable debt. Continue reading → Bev Conover
Editor & Publisher
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Source: http://www.intrepidreport.com/archives/15333
