Greek and Portuguese government bonds have been given "junk" status by S&P and Moody's, two firms who proved that they know what junk is when they rated the trash that Goldman Sachs was selling as "triple-A" grade.
Still, it's worthwhile to keep in mind that Goldman Sachs's greasy fingerprints are all over this one, as well.
This Is Why We Can’t Have Things… Or Cold Things
23 minutes ago
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