Category Archives: The Saddam Trial
The New Sovereign Investment Fund of Libya or of Colonel Qaddafi, there is no distinction in the money funds of Libya or Qaddafi, invested $1.3 Billion with Goldman Sachs; the bank used the funds on stock options at a variety of international banks and a collection of currency bets. Two years later, the Libyan fund had lost 98% of its value and was worth only $25.1 million.
Officials of Libya’s sovereign wealth fund were upset with Goldman Sachs and accused them of malfeasance; mainly, for making trades without authorization and misrepresenting investment deals.
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“It was a three-minute decision, and the first two were for coffee.” – Former Secretary of Defense, Donald Rumsfeld, December 16, 2003, on the initial decision to hand interrogation matters regarding Saddam Hussein, over to the CIA. That decision was … Continue reading
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Newsbusters is reporting on a NBC News broadcast in which they detail the new book “The Terrorist Watch: Inside the Desperate Race to Stop the Next Attack” by Ronald Kessler. The book describes the FBI agent, George Piro, who gained … Continue reading
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