Bernanke says Fed to look into swaps with Greece
- Source: Xinhua
- [09:00 February 26 2010]
- Comments
WASHINGTON, Feb. 25 (Xinhua) -- Federal Reserve Chairman Ben Bernanke said on Thursday that the US central bank will review derivatives transactions between the Wall street and Greek government that might be used to help Greece hide its debt.
"We are looking into a number of questions related to Goldman Sachs and other companies and their derivatives arrangements with Greece," Bernanke told the Senate Banking committee in a hearing.
He added that the US Securities and Exchange Commission (SEC) is also exploring the issue.
"We'll certainly be evaluating what we can learn from the activities of the holding companies that we supervise here in the US," said the American central bank chief.
