YOURSAY | Goldman Sachs laughs all the way to the bank

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YOURSAY | ‘The 17 directors of Goldman Sachs charged by Thomas must have breathed a collective sigh of relief…’ COMMENT | Goldman Sachs settlement and bargaining power Malaysia Bharu: Nothing ventured, nothing gained. A demand of US$7.5 billion from investment bank Goldman Sachs which was settled for US$2.5 billion, plus asset recovery of US$1.4 billion (redundant?), is a triumph for Finance Minister Tengku Zafrul Abdul Aziz? Former attorney-general Tommy Thomas’ response that the settlement was “rushed and premature” seem an understatement. It is more like “desperation”. Can Zafrul tell us what was the hurry to settle for less than half our initial demand, noting that Thomas had charged Goldman Sachs and 17 of its directors for criminal misconduct and the principle has admitted to the 1MDB felony? The rushed settlement appears to have been negotiated from a position of weakness fo…