It appears that Goldman Sachs is perhaps not the greatest bank in the world when it has apparently lost $1.3bn of the Libyan sovereign investment fund.

After all was said and done only $25m was left.

Upsetting one of the world's dictators with oil billions behind him is not a good idea and GS were summouned to explain how they were going to recompense them. It looks as though Libya was about to get a large stake in the bank.

However, since that meeting, the Arab Spring sprung and Goldman Sachs are probably holding their breath for the outcome. Of course, it would be amusing if they were forced to handover their recompense to the new government of LIbya, whichever it is.

Would be a good start to rebuilding the country though.

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