Quote:
Originally Posted by Osem
Well if/when this matter is examined thoroughly by legal experts, the extent to which GS did or didn't do anything legally wrong will be determined. It's the same with the supposedly legal tax avoidance schemes which have been promoted heavily to companies/wealthy individuals only for courts to determine they were illegal.
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And what about the other banks/EU countries that did the same?
It would be Greece that would have broken any rules/laws. Greece also used other methods to hide debt, eg publicly owned companies running up debts which don't appear on the government's books.
Their whole economy was propped up by excessive borrowing. They are now having to face the reality of how bad their economy really is and was. Things are having to be cut back because they never could afford them in the first place.