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Libya's Bankers Exposed: Goldman, JP Morgan And Citi

By Implode-Explode Heavy Industries

``The secretive Libyan Investment Authority has reportedly invested hundreds of millions of dollars in Goldman Sachs Asset Management funds, including a loan fund designed to invest in new hedge funds set up by the Kuwait Investment Authority. Goldman Sachs already has a relationship with Libya -- in 2008, Goldman was the first U.S. bank to get a contract with the country following the removal of sanctions.''

Full post as published by Mortgage Lender Implode-o-Meter on March 02, 2011 (boomark / email).