12.11.2015 - Trott Says Goldman Sought Sovereign Wealth Financing in 2008
Byron Trott, the former Goldman Sachs Group Inc. banker who arranged a deal in 2008 for billionaire Warren Buffett to inject capital in the firm, said the bank also sought financing from a sovereign wealth fund at the depths of the credit crisis. “There was a second leg of that deal that never got done,” Trott said Wednesday at an event in New York celebrating Buffett’s 50 years running Berkshire Hathaway Inc. “We were trying to get, actually, a sovereign wealth fund to write Goldman Sachs a $10 billion line of credit behind it."..............................................Full Article: Source
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