Hey Barry:
Maybe bankers are actually good for something. We can make them our specialized weapon, as in "Sic 'em, boy."
This should be funny, as in "I'm from Golden Sox and I'm here to help you", except it's not.
Report: Goldman Angered Libya After $1.3 Billion Investment Vanished
By Matt Egan, Reuters
Published May 31, 2011
Goldman Sachs Headquarters, New York City
Just three years before U.S. planes began bombing forces loyal to Col. Muammar al-Qaddafi, Wall Street heavyweight Goldman Sachs (GS: 140.64, +1.98, +1.43%) reportedly enraged the Libyan leader by managing a $1.3 billion investment that lost a whopping 98% of its value.
According to The Wall Street Journal, Goldman attempted to soothe the strained ties by offering Libya a chance to sink $5 billion into the company in a deal that would have made the country’s sovereign wealth fund one of Goldman’s largest shareholders.
Read more: http://www.foxbusiness.com/industries/2011/05/31/report-goldman-angered-libya-13-billion-investment-vanished/#ixzz1Nwu6MZRE
Tuesday, May 31, 2011
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