Banks Bet Greece Defaults on Debt They Helped Hide

Banks Bet Greece Defaults on Debt They Helped Hide

But first, a quick walk down memory lane: Banks Bundled Bad Debt, Bet Against It and Won:

In late October 2007, as the financial markets were starting to come unglued, a Goldman Sachs trader, Jonathan M. Egol, received very good news. At 37, he was named a managing director at the firm.

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