DIGITAL AGE - Did the Banks Sell Greece a Digital Time Bomb? - Peter J. Solomon. March 14, 2010

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Uploaded by on Mar 11, 2010

Greece was about to be turned down for EU membership until bankers convinced the Greek treasury to buy digitally priced derivative swaps, which allowed it to hide the extent of its deficit. Greece joined the EU, but now it is in real trouble. Hear Investment Banker Peter Solomon tell Jim Zirin, Sidley Austin LLP, why we need a new kind of financial regulation. 3/14/10

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  • btw Greece is a member of the eu since 1981... it is about entering the euro curency plz correct the description...

  • This guy knows his shit about the glass eagle act.I was wondering what it all means for a good while now.Thanks for the video.

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