Although not too surprised, I had a look at Google news and searched "LIA investment losses."
Aside from the financial press and the Daily Telegraph, none of the Main Stream Media had touched the story.
The FT Alphaville site has a great breakdown of specific losses, mostly managed by French banks. For me this makes it clear why France is actually taking the lead in bombing Libya.
According to the FT one Dutch fund lost $30 million of the investment, of which 69% of the losses represented the fees the fund charged. Furthermore, 45% of Libya's cash investment in the fund remained in cash!No wonder they invaded and set up a Central Bank in Benghazi
State sponsored robbery backed up by our armed forces would not sit very well with the unwashed masses. Of course, it all being done for our benefit, isn't it?
