Do these guys have any sense of ethics at all?
Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts.
via Wall St. Helped Greece to Mask Debt Fueling Europe’s Crisis – NYTimes.com.
It appears the attitude is “as long as there’s money to be made, who cares?” They then turn around and pay themselves billions in bonuses. Here’s the douchebag in chief of Goldman Sachs, who had direct role in the Greek crisis:
Gary D. Cohn, president of Goldman Sachs, went to Athens to pitch complex products to defer debt. Such deals let Greece continue deficit spending, like a consumer with a second mortgage.
