Libya's Goldman Dalliance Ends in Losses, Acrimony WSJ
By MARGARET COKER And LIZ RAPPAPORT
In early 2008, Libya's sovereign-wealth fund controlled by Col. Moammar Gadhafi gave $1.3 billion to Goldman Sachs Group to sink into a currency bet and other complicated trades. The investments lost 98% of their value, internal Goldman documents show.
Read moreComment: My advice: put your trust in God and gold, but never in Goldman.
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