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, owned by Libyan President Mommar Gaddafi, who has slaughtered thousands of his own people and sponsored terrorism worldwide.
Goldman Sachs allegedly agreed to pay the Libyan Investment Authority a $50 million fee to help the fund recoup losses, which would be a violation of U.S. law. The SEC is looking into whether the firm violated bribery laws. The Republican Party has not voiced any opposition to Goldman Sachs being in business with a known terrorist.
(Source: MSNBC)
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