rubbing salt into the wounds, page-8

Hi Molonski

This is the way that GS does business.

It's Project Transform all over again, albeit on a smaller scale.

They sold long term projects, but when it suited them, they told the MIS investors it "was in their best interests" to swap their interests for equity.

It was apparently "fair" to swap those interests for equity at a 400% premium. (or so the KPMG "independent experts reports said)

They got the cash when they sold the projects, they got(some of) the cash during PT and now the greedy b......s are going for the trifecta!

Fool me once, shame on you
Fool me twice, shame on me
Fool me thrice, shame on ?????