| Oh for the days of stability in the Middle East and the rule of Libyan strongman Muammar Qaddafi. At least then an entertaining lawsuit pitting the Libyan Investment Authority against Goldman Sachs Group Inc and Societe Generale might actually have proceeded.
As the escalating chaos in Libya has ripped apart the social fabric of the country, not to mention slashing oil production by as much as 1/3, the civil disarray that was predicted (by us) to become a factor in the lawsuit the oil rich nation had filed against large banks may come to pass.........................................Full Article: Source |