Goldman Sachs Ripped Off Gaddafi

Jun 6, 2011
J. Webster
Comments Off on Goldman Sachs Ripped Off Gaddafi

This is a strange one, but in a way, finally Goldman Sachs did something good for the world. Whether intentional or not, one of their investments for the Libyan Investment Authority, trades in currencies and other investments, lost over $1 billion dollars in 2008. This loss of money is of course not good for the people of Libya though. Then again, neither is Muammar Gaddafi.

Goldman Sachs then went so far as to offer Libyan leader Gaddafi a stake in their company as a way to offset or makeup for these losses. These were desperate times back in 2008-2009, but to even think of offering Gaddafi a stake in your company, a new low for Goldman.

Donald Trump takes it a step further though, and a step too far, telling how he screwed Gaddafi on a real estate deal and that’s exactly what others should do – screw the Libyan government. Trump said he overcharged Gaddafi to rent a piece of land and then didn’t let him even use it. Trump always has the best ideas….you’re fired. But he sure is entertaining.

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