Goldman Sachs’ dealings with Libya under investigation
Liz Rappaport of the Wall Street Journal explained on MSNBC why the Securities and Exchange Commission was investigating Goldman Sachs’ relationship with the Libyan Investment Authority.
Goldman Sachs allegedly agreed to pay the Libyan Investment Authority a $50 million fee to help the fund recoup losses. The SEC is looking into whether the firm violated bribery laws.
Watch video, courtesy of MSNBC, below: