It's a miracle!
NYT--Derivative bets by some of the same banks that helped Greece shroud its mounting debts with derivatives may actually now be pushing the nation closer to the brink of derivative generated financial ruin.
Echoing the kind of miracle derivative trades that toppled the American International Group, the increasingly popular insurance against the risk of a Greek default is making it harder for Athens to raise the money it needs to pay its bills, according to scientists, traders, money managers and swimming suit models.
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