Fascinating Read: "Hot Mess: How Goldman Sachs Lost $1.2 Billion of Libya’s Money"

[Benny_]

https://www.bloomberg.com/features/2016-goldman-sachs-libya/

 

It's a decent 10 minutes read but it's absolutely fascinating what GS was able to get away with.

 

TL;DR Basically Goldman cheesed Libya for an unbelievable amount of money through trading premiums, and eventually lost them $1.2B and now Libya has taken them to court.

 

Anyone else have any thoughts?

[tranzystor3]

pretty good scam for a non scamquit.

[Jonny]

pretty good scam for a non scamquit.

 

[Benny_]

pretty good scam for a non scamquit.

 

 

 

Kinda crazy how they can get away with such a ridiculous move though. It's also interesting that GS is letting it go through court and become public, a better option would have been to settle out of court.

[Mr Pro Pop]

lol is that 10 minutes read or it's me the one who is slow at reading ?

Asking seriously no other points or laughs

Edited September 29, 2016 by Mr Pro Pop

[Sysm]

tl;dr

[Kim]

tl;dr

 

[tranzystor3]

thats a half an hour read for a retard like me.

Or my eyes are just fucked up.

[Benny_]

lol is that 10 minutes read or it's me the one who is slow at reading ?

Asking seriously no other points or laughs

It's not that long... hm.. maybe i read too much 

[Krys]

tl;dr