The Goldman Sachs Aluminum Conspiracy Lawsuit Is Over

By Matt Levine – Let me tell you about aluminum. Aluminum is a metal that is used to make beer cans, and also for some other things.

About a year ago, the New York Times published a famously puzzling article about Goldman Sachs’s network of aluminum warehouses.

The point of the story was that Goldman — in its Metro International subsidiary, which it’s now selling — did an evil trick where it would load aluminum onto a truck, drive the truck around Detroit, and then deliver it back to the warehouse.

This apparently made a lot of money for Goldman, though the mechanism was a bit mysterious. more>

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