'Billionaire casino investor Thomas Barrack is fighting efforts by Goldman Sachs to foreclose on the Las Vegas Hilton, claiming Goldman Sachs is hopelessly conflicted on the matter'

wall street up to its old tricks.............from vegas inc.........


Barrack’s company Colony Capital LLC of Los Angeles in 2004bought the Hilton for $280 million, and Goldman Sachs later picked up a 40 percent stake in the property through its Whitehall Street Real Estate Funds. 


After the 2,950-room Hilton suffered hard times during the recession and defaulted on its $252 million term loan, Goldman Sachs filed a foreclosure notice against the property on Sept. 2 as the holder of the loan"..............READ MORE.