Goldman has done it again with its Malaysia deal

In negotiations over the 1MDB scandal, the Wall Street bank has pulled off another audacious feat. "Rather than hostile talks between adversaries, the negotiations ended up so friendly that the group posed for pictures to celebrate the deal signing — complete with COVID-19 protective face masks. The Goldman executives look for all the world like they just helped the country, by listing a state-owned company or floating a big infrastructure bond, rather than paying out billions to settle fraud allegations." Brooke Masters opines about the recent developments.