Bernanke says Fed to look into swaps with Greece

09:55, February 26, 2010      

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Federal Reserve Chairman Ben Bernanke said on Thursday that the U.S. 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.


Federal Reserve Board Chairman Ben Bernanke testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on he Semiannual Monetary Policy Report to the Congress" on Capitol Hill in Washington February 25, 2010.(Xinhua/Reuters Photo)

He added that the U.S. 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 U.S.," said the American central bank chief.

Source: Xinhua
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