Joseph Stiglitz: Goldman Sachs should repay profits made from 1MDB (video)

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“Goldman Sachs’ role in this is unconsionable. Any sense of due diligence, even scratching the surface, would have shown what was going on. But the unbridled greed says we don’t want to see what’s going on.” Joseph E Stiglitz, Nobel prize-winning economist and former economic advisor to President Bill Clinton, sat down with BFM’s Melisa Idris to discuss globalisation, sovereign wealth funds and the current capitalist climate.

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Jeff Moe
Jeff Moe
5 Nov 2018 12.49pm

Goldman should be shut down – they ignored even their own Compliance. This is the largest case of its kind ever and even if they are fined 100x they will
recover this amount from the Next Kleptocrat . As such they should be closed down forever. By allowing them to stay in business is literally encouraging their corrupted activities .

Daniel Chan
5 Nov 2018 8.20am

20x of the money earned would be fair as Goldman conspired and collaborated with 1MDB to defraud Malaysians.

Jeff Moe
Jeff Moe
5 Nov 2018 12.24pm
Reply to  Daniel Chan

Goldman shut be shut down like the others

Jeff Moe
Jeff Moe
5 Nov 2018 12.26pm
Reply to  Daniel Chan

This is the largest kleptocracy case ever even if Goldman was penalised 20x or 50x , what is stopping them from doing this again . These Bankers are unscrupulous and should be held responsible . ie. Close them down forever .

Chaw Chee Kien
4 Nov 2018 8.13am

It was a scam. They should repay all the money

pankajkumar
3 Nov 2018 5.51pm

… I agree, plus a penalty of 10x the amount to be paid to the Msian Govt