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How Goldman Sachs lost $1.2B of Libya's money
- arcanus 10y ago> From his hotel room, Kabbaj called Michael Sherwood, one of Goldman’s top London executives, who said the bank would do whatever it took to get them out. Goldman’s security team called back, telling Kabbaj it was looking at options for “extraction” and ordering him not to leave the Corinthia. The hotel housed the U.S. embassy and a complement of armed U.S. Marines, not to mention hundreds of foreign witnesses to anything unpleasant that might occur. The next morning, a Goldman partner called to say the bank’s security team was increasingly concerned about their safety. They hustled to the airport and a flight to London. Goldman has an extraction team? Pretty cyberpunk.
- api 10y agoVirtually everything has come true except 'trodes, razor blade implants, and Rastafarians in space. Wait... https://en.wikipedia.org/wiki/Transcranial_direct-current_stimulation https://en.wikipedia.org/wiki/Transcranial_direct-current_st... Okay, so razor blade implants and Rastafarians in space.
- secfirstmd 10y agoIt has a corporate security team who would outsource an actual extraction.
- sean_patel 10y agoThis is a repost. See previous post from 3 days ago => https://news.ycombinator.com/item?id=12605043 https://news.ycombinator.com/item?id=12605043
- ScottBurson 10y agoMatt Levine's take, discussed here a few days ago: https://news.ycombinator.com/item?id=12610352 https://news.ycombinator.com/item?id=12610352
- Overtonwindow 10y agoMatt Levine is brilliant, thank you.