Goldman Sachs: When protests and profits collide

May 31, 2017
HTML EMBED:
COPY

Goldman Sachs: When protests and profits collide

May 31, 2017
HTML EMBED:
COPY

There were protestors in front of Goldman Sachs’ offices in Manhattan yesterday who were angry with the bank for a purchase it made. Goldman bought $2.8 billion worth of Venezuelan bonds from the state-owned oil company through a broker. It struck a real bargain, too, getting them for 31 cents on the dollar. That means the bank stands to make more than $2 billion. But that high-risk investment has stirred plenty of criticism. 

Click the audio player above to hear the full story.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.