It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Goldman Sachs preparing for Spanish exit, stands to profit 5Billion from it

page: 1
7

log in

join
share:

posted on Jun, 9 2012 @ 06:00 AM
link   
Goldman is preparing for a Spanish exit and guess how much they stand to make if Spain does go?


In February, it was revealed that Goldman sold $142.4 billion in credit default swaps that would pay out in the event Greece, Ireland, Portugal or Spain defaulted on its debt. Goldman also purchased swaps on the same debt worth an estimated $147.3 billion in all, according to Bloomberg.


=5 billion profit. That's a damn good quarter for GS; in 2011, they made 28 billion in revenue. But still:


"This is a very big test for the EU as a concept," Blankfein said Thursday. "I'm rooting for it to work."


Riiiiiight.......




posted on Jun, 9 2012 @ 07:23 AM
link   
The same Goldman Sachs that's funding Obama and Romney?



posted on Jun, 9 2012 @ 07:24 AM
link   
rooting is what pigs do



posted on Jun, 9 2012 @ 07:30 AM
link   
american banks walk away with money,military walks away with money.Sheeple foot the bill.




top topics
 
7

log in

join