Investing

Bernanke: The Fed And SEC Examining Goldman Sachs, Greece Issues

Fed chair Ben Bernanke said in his testimony before Congress today that the Fed and SEC are looking into the relationship between Goldman Sachs (GS) and Greece. The EU has been examining the same issues.

Greece used derivatives created by Goldman to to cut its debt by $3.2 billion. But, the obligations were not eliminated, only deferred. And, now Greece has reached its day of financial reckoning and investors in its debt believe they were deceived. They probably were.

Goldman’s argument will be, as it usually is, that is was the only company smart enough to help Greece with its debt problems but it is not at fault in the matter of the deception. It supplied the gun, but did not pull the trigger.

Douglas A. McIntyre

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.