ibankcoin.com / / May 29, 2017
Business as usual for the players at Goldman. Venezuela’s opposition party is accusing Goldman of ‘aiding and abetting’ the murderous dictatorial regime via the purchase of state oil backed bonds. I suppose the opposition party would like Goldman, and other bankers, to apply an ethical code to their investments. This is naive thinking, especially in a world filled with murderous regimes.
The Wall Street Journal reported yesterday that Goldman had purchased $2.8b worth of bonds for 31 cents on the dollar (~$865m) for state oil company PDVSA, maturing in 2022.
Source: Reuters
“Goldman Sachs’ financial lifeline to the regime will serve to strengthen the brutal repression unleashed against the hundreds of thousands of Venezuelans peacefully protesting for political change in the country,” wrote Julio Borges in a letter to Goldman Sachs President Lloyd Blankfein.
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