Replies to post #306814 on Plastic2Oil Inc (PTOI)

[JBIIRULES]

GoodGrief... It might look bad on their portfolio

Malaysia on Monday filed the charges in Kuala Lumpur against three Goldman Sachs units in connection with the bank’s role as underwriter and arranger of three bond sales that raised $6.5 billion for 1MDB.
https://www.reuters.com/article/us-malaysia-politics-1mdb-goldman-idUSKBN1OH0WC

The US Department of Justice is investigating the bank for its role as underwriter and arranger of the bond offer.
https://www.independent.co.uk/news/world/asia/1mdb-scandal-goldman-sachs-corruption-malaysia-charges-crime-a9050306.html

The $5 billion settlement agreement resolves actual and potential civil claims by the Department of Justice; the New York and Illinois Attorneys General; the National Credit Union Administration, acting as conservator for several failed credit unions; and the Federal Home Loan Banks of Chicago and Seattle, relating to the Goldman Sachs’ securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007.
https://www.housingwire.com/articles/36752-goldman-sachs-officially-reaches-5b-settlement-over-toxic-mortgage-bonds/

ETC....

Goldman Sachs could give a rats ass if Brightmark or P2O succeeds.

They aren't a backstop for the funding....they were the underwriter.

And all the bonds sold....so Goldman Sachs has no risk since it is not holding any more bonds.

The sale closed.

The risk is entirely on the bondholders.

Good grief....this is basic stuff.

They have their own way of doing things

Goldman Sachs controversies
https://en.wikipedia.org/wiki/Goldman_Sachs_controversies