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morning, it said hey john are you up? did you think that is where we would end up right here? it s been a long day stephanie, a lot of reporting. my hats off to you for your nature as a reporter. all day long and then doing it on your show. i can t spell that word. so tell us what the loophole and what is happening? would happen is when the biden administration put in sanctions on russian debt, major financial institutions of russia. they left open a window and goldman sachs is driving a truck through. basically with that window is u.s. institutions are banned from trading russian dead with those russian banks that have been sanctioned. but not banned from what s called secondary trade. so if that debt was already issued to someone else and they want to sell it to a u.s. buyer, a u.s. debt holder of russian, to a u.s. buyers. goldman sachs is acting as a broker. the biden administration has
you up? did you think that is where we would end up right here? it s been a long day stephanie, a lot of reporting. my hats off to you for your nature as a reporter. all day long and then doing it on your show. i can t spell that word. so tell us what the loophole and what is happening? would happen is when the biden administration put in sanctions on russian debt, major financial institutions of russia. they left open a window and goldman sachs is driving a truck through. basically with that window is u.s. institutions are banned from trading russian dead with those russian banks that have been sanctioned. but not banned from what s called secondary trade. so if that debt was already issued to someone else and they want to sell it to a u.s. buyer, a u.s. debt holder of russian,