U.N. Holds Behind The Scenes Greek Derivatives Talks As Transparency Questions Raised

A key option in Greek debt negotiations, soveriegn debt forgiveness, is apparently off the table as non-transparent Greek derivatives take priority over a compromise

The most unreported story in the Greek negotiation is the unknown impact of the derivatives contracts that underlie the economic system. What banks have exposure? Who is the primary U.S. regulator dealing with the banks that have Greek derivatives exposure? How inner connected is that exposure and what are the trigger points that could ignite another issue similar to the 2008 derivatives crash?

In a Wall Street Unfiltered podcast released today, U.N. sovereign debt expert and Executive Director of Jubilee USA Eric LeCompte reveals behind...