Goldman Sachs

"Get Divorced From Your Wife For a Weekend," Derivatives Salesperson Tells Libyan Officials

The process of convincing powerful government officials to accept untold risk on derivatives trades can take some unusual and sometimes interesting turns.

No, reference is not being made to the U.S. government’s accepting of big bank unregulated derivatives risk with very little accountability. This is about Colonel Muammar Gaddafi’s Libya, whose officials were sold derivatives that led to nearly $1 billion (£660million) in losses for the oil rich nation.

exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers


0