She said LIA managers had been tasked with generating a much higher return than they could hope to make on plain vanilla trades – offering a potential explanation for their choice of speculative investments. Goldman had also asserted in its court filings that the LIA was under political and internal pressure to make large investments in order to generate returns quickly. It argued that “an unforeseen financial depression” caused the losses, not any wrongdoing by the bank, and it was simply a case of “buyer’s remorse”. BONE OF CONTENTION A key bone of contention at trial was whether the fund’s employees actually understood what they were investing in. medical interview why do you want to be a doctorAlthough lawyers for the LIA argued that Goldman Sachs had taken advantage of the fund’s lack of sophistication, Judge Rose said the LIA had greatly exaggerated the naivety of its staff. The LIA made much of the fact that Goldman had wined and dined its employees, plying them with gifts such as iPods, as well as offering a prestigious internship to Haitem Zarti, the younger brother of Mustafa Zarti, a key decision-maker at the fund. The provision of such highly sought-after internships has come under scrutiny by U.S. regulators since 2008 as part of broader moves to shine a light on how banks go about securing business in less transparent emerging markets. But Judge Rose said she did not think the internship had a material influence on Mustafa Zarti’s decision to enter into trades with Goldman Sachs. http://toughrileyholmes.boxcrack.net/2016/09/30/speedy-products-of-online-training-for-medical-interview-infoShe also ruled that the main motivation behind the offer was the bank’s belief Haitem might be chosen to lead the LIA’s new office in London.
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