02.06.2011 - Goldman Sachs in Libyan investment fiasco
Bungling bankers at Goldman Sachs accidentally cost Libyan tyrant Colonel Gaddafi's brutal regime more than $1bn, it has emerged. Libya's sovereign wealth fund handed the Wall Street bank $1.3bn (790m) in 2008 to invest as it saw fit. But Goldman subsequently squandered 98% of the money on doomed investments in bank shares and currency, sparking a furious response from the despot's officials..............................................Full Article: Source
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