Skip to main content

How Much Did Goldman Sachs Make For Losing Muammar Gaddafi $1.2 Billion?

  • Author:
  • Updated:

The bank’s about to ‘fess up to its profits on the “worthless” (or not so worthless?) derivatives it sold to Libya’s former “Brotherly Leader.”

Goldman will disclose its margin, profit and loss from the day the trades were booked as well as a month later. It will also disclose the reserves it set aside for each trade, the parties said during a case-management hearing at London’s High Court….

The authority contends that a standard margin for trades like the ones in its suit would be 5 percent, compared with the 20 percent to 40 percent charged by Goldman.

Goldman to Disclose Profit It Made on Libyan Trades [NYT]



Libya To Goldman Sachs: We're Naive, But You're Mean

Camels and hookers and billion dollar trading losses, oh my.


Prostitute Goldman Sachs Banker Procured For Libyan Client Drove A Hard Bargain

When this is all over she could get a job on Goldman's M&A team.

By Hempdiddy at English Wikipedia [Public domain], via Wikimedia Commons

Goldman Sachs Making Room For New Child By Evicting Slightly Older Brother

It’s OK, though: Simon has already mastered structured finance.