North Bergen, New Jersey 2/25/2010 11:05:39 PM
News / Business

Penny Stock Newsletter looks into Feds monitoring of Insurance Contracts Regarding Greece’s debts.

Wall Street Grand Profiles Latest News on the Insurance Contracts dealing with Debt in Greece

Wall Street Grand LLC, Which Provides its Members as well as The Stock Market Community with the Latest Hot Topics, Exclusive Information, Top Stock Picks, and Market Moving News would like to present to its readers the Latest News regarding the Federal Reserves viewpoint on Greek Debts. For the Latest information, make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

 

Ben Bernanke Chairman of the Federal Reserve states that the Central Bank is apparently looking into Goldman Sachs and other Firms use of an investment instrument to make stakes that Greece will default on its debt.

Bernanke says the Fed is looking into companies' use of credit default swaps, a form of insurance against bond defaults. Bernanke made the comments at the start of a Senate Banking Committee hearing.

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