Ya gotta love this story from the New York Times on Libya's sovereign wealth fund.

http://www.nytimes.com/2011/07…..038;st=cse

"To date, we have paid in excess of $18 million in fees, for losing us $30 million,” the report says at one point, referring to a fund reportedly managed by the son-in-law of the head of Libya’s state oil company.

The Libyans claimed they were in cash or near-cash investments.