Bankers’ Greece bets spur Fed look
Posted: February 26, 2010 at 5:43 a.m.
Ben S. Bernanke, chairman of the U.S. Federal Reserve, speaks during his semiannual monetary report to the Senate Banking Committee in Washington, D.C., U.S., on Thursday, Feb. 25, 2010. Bernanke said the central bank is reviewing the arrangements of Goldman Sachs Group Inc. and other companies with Greece.
Federal Reserve Chairman Ben Bernanke told lawmakers Thursday that the central bank is looking into the use by Goldman Sachs and other Wall Street firms of high-risk financial instruments to make bets that Greece would default on its debt.
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Front Section, Pages 1 on 02/26/2010
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