Goldman Made Greece Eurozone Crisis Worse – For Big Profit

16 February 2010 By David Caploe PhD, Chief Political Economist, EconomyWatch.com Goldman Sachs and other Wall Street companies, using tactics akin to the ones that undermined the US housing market, have worsened the financial crisis shaking Greece, and undermining the euro, by enabling European governments to hide their mounting debts. The chief instruments of this consistent misrepresentation were DERIVATIVES, the potential losses from which have led to the lending freeze by TBTF banks and insurance companies, whose actions, in turn, have created the worst economic crisis in the US and Europe since the Great Depression.