Market Analyst, RAB Capital
Market analyst and investment strategist based in Denver, Colorado
PROFILE
Marshall Auerback
Guest
FROM Marshall Auerback
Which Way, L.A.?
Greece: A Country that's Too Big to Fail According to one official at the International Monetary fund, "if a government wants to cheat, it can cheat." So it was "perfectly legal" back in 2001 for Goldman Sachs and other bankers on Wall Street to help Greece borrow beyond its means. That's according to Nelson Schwartz, financial reporter for the New York Times .
To the Point
Greece: A Country that's Too Big to Fail According to one official at the International Monetary fund, " if a government wants to cheat, it can cheat ." So it was "perfectly legal" in 2001 for Goldman Sachs and other bankers on Wall Street to help Greece borrow beyond its means. Now, these same banks stand to profit from the crisis they helped create. Germany, France and other countries are less than eager to bail out a fellow EU member, and that could mean trouble for Italy, Spain and Portugal, too. Now hedge funds are betting that Greece won't be able to pay its debts and that means the Euro could be in trouble. Is Greece a victim of financial predators? Should the Greek people suffer cuts in salaries, pensions and benefits? What does it all mean for the dollar?
Recommended
The 805
Implicit bias training discriminates against white people, anonymous parents say Author Pico Iyer returns to Santa Barbara to preview his upcoming speaker series. Columnist Starshine Roshell brings us inside the surprisingly large world of local trivia nights. And more controversy at the Santa Barbara Unified School District, as a group of anonymous parents threatens to sue school leaders over an implicit bias training program it claims discriminates against white people.
KCRW Features
A California car that takes solar power seriously Cars and trucks are some of the biggest contributors to greenhouse gas emissions. And so a number of automobile companies are exploring ways to meet governmental - and consumer - demands for cleaner drives.