Federal Reserve Chairman Ben Bernanke said Thursday he is looking into whether Goldman Sachs and other Wall Street firms may have helped push Greece toward a ruinous level of debt through the use of credit default swaps.
As concerns grow over the debt crisis in Greece, questions are being raised about how the situation was allowed to get so out of control in the first place.
For more, Martin Savidge speaks with Roben Farzad, a senior writer for Bloomberg BusinessWeek. Farzad discusses American financial companies’ dealings in Greece and whether the current situation will spur more banking regulations.
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