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Goldman Sachs Lost 98% of Libya’s $1.3B Sovereign Wealth Fund Investment

By: capt_nemo in WRGO | Recommend this post (0)
Mon, 06 Jun 11 7:56 AM | 23 view(s)
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As civil war roars on in Libya and Colonel Muammar Gadhafi vows to remain in power, reports surfaced that the Northern African country entrusted $1.3 billion through its sovereign wealth fund to Goldman Sachs in 2007, of which the investment bank lost approximately 98%, sparking the ire of Libyan officials.
Webmaster's Commentary:

"So, we do God's Work (reg TM) and order the White House to bomb Libya before they can take us to court! Problem solved!" -- Gold In Mah Sacks

http://blogs.forbes.com/afontevecchia/2011/05/31/goldman-sachs-lost-98-of-libyas-1-3b-sovereign-wealth-fund-investment/




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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