Goldman Says Libya Suffering From Buyers Remorse Over Bad Trades

  • Lawyer says LIA a victim of credit crisis, not bank wrongdoing
  • Text messages from Goldman banker shown to judge by lawyers

The Libyan Investment Authority is using Goldman Sachs Group Inc. as a scapegoat to recover more than $1 billion the sovereign-wealth fund lost during a period when global markets were seizing in the 2008 credit crunch, the investment bank’s lawyer said.

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