Articles by Ellen Brown – Web of Debt
We found 1 results.
How Greece Could Take Down Wall Street
Ellen Brown – Web of Debt,
27 Feb 2012
The Houses of Morgan, Goldman and the other Big Five are justifiably worried right now, because an “event of default” declared on European sovereign debt could jeopardize their $32 trillion derivatives scheme. According to Rudy Avizius in an article on The Market Oracle (UK) on February 15th, that explains what happened at MF Global, and why the 50% Greek bond write-down was not declared an event of default.
→ read full article