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Four Corners: One Shitty Deal
One Shitty Deal
ABC  |  June 14, 2010

A story that reveals how a toxic cocktail of investment packages helped poison the retirement funds of hundreds of Australians. The Federal Government was quick to boast that Australia avoided the worst of the global financial crisis, but many people here did pay a terrible price. Reporter Marian Wilkinson lifts the lid on the behaviour of investment bank Goldman Sachs in the United State. Speaking to a whistleblower who brought allegations against the company to the US Securities and Exchange Commission and the FBI, she also examines key internal company documents that show how the deal was sold in Australia.

A story that reveals how a toxic cocktail of investment packages helped poison the retirement funds of hundreds of Australians. The Federal Government was quick to boast that Australia avoided the worst of the global financial crisis, but many people here did pay a terrible price. Reporter Marian Wilkinson lifts the lid on the behaviour of investment bank Goldman Sachs in the United State. Speaking to a whistleblower who brought allegations against the company to the US Securities and Exchange Commission and the FBI, she also examines key internal company documents that show how the deal was sold in Australia.

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