Goldman Sachs sued for selling worthless trades to Libya

Goldman Sachs, the Wall Street investment bank, is being sued in London for selling Libya worthless derivatives trades in 2008 that the country’s financial managers did not understand. Libya says it lost approximately $1.2 billion on the deals, while Goldman … Read the rest

South African productivity

By Johann Theron

Recent commentary by international (financial) companies such as IHS Global and Goldman Sachs stated as follows respectively;

“South African crime at lowest levels in 15 years” (Wall Street Journal)

“Education/healthcare and public sector productivity remain a challenge” … Read the rest

Goldman Sachs profits double on investment gains, lower tax rate

Goldman Sachs Group Inc (GS.N) said quarterly profit doubled, boosted by investment gains and a lower tax rate.

Goldman’s investing and lending segment, which tracks its investments in private equity deals, publicly traded stocks, loans and bonds, produced nearly seven … Read the rest

Greece hires Goldman Sachs, Rothschild to ‘help economy’

MarkCarneybriefingWho better to help Greece escape financial turmoil than Wall Street mafia head Goldman Sachs and the international banking elite family known as the Rothschilds?

According to an official statement as reported by Reuters, Greece’s bank rescue fund has turned … Read the rest

Banks make millions out of breaking metals storage rules

LONDON, Feb 6 (Reuters) – Banks and trading houses have found a way to beat the ravages of economic downturn, storing millions of tonnes of metal with a business model that outsmarts new rules put in place following widespread concern … Read the rest