Malaysia, 1MDB, and Goldman Sachs | Patriot Act with Hasan Minhaj | Netflix


Now anytime someone says “Goldman Sachs,”
you know something bad happened. What may be the biggest financial scam
in history. Two former Goldman Sachs bankers
and a fugitive Malaysian financier have been charged over
the alleged plunder of billions of dollars from Malaysia’s State Development Fund. Malaysia prosecutors
filed criminal charges against the bank and two former employees, saying they committed, “Gross violations
of the country’s securities laws.” The Malaysian government
has accused Goldman Sachs of helping a fund steal billions
of dollars from the country. Now, Goldman has denied any wrongdoing, but in the U.S., the bank is under
criminal investigation as we speak, and the Justice Department
reportedly wants any settlement to include a guilty plea.
That would be unprecedented. Just so you know, Goldman Sachs
has never once plead guilty in 150 years. Which is shocking when you look at all the shady shit
they’ve been accused of. Price manipulation, insider trading, gender discrimination, securities fraud, and those are just the names
of their conference rooms. Goldman Sachs –
they didn’t even face charges in ’08. Wall Street powerhouse,
Goldman Sachs accused of fraud. Knowingly and willfully cheating clients. Top executives boasting about
the profits they made during the housing crisis. Goldman Executives held their ground. Regret to me means something that
you feel like you did wrong. And I don’t have that. American Psycho with an overbite
is talking about regret like it’s something they sell at Barney’s. He’s just like,
“Regret. I don’t have that. Where do I buy it?” This scandal in Malaysia is way bigger
than Goldman Sachs. It spanned four continents,
involved billions of dollars, 14 tiaras, Marlon Brando’s Oscar,
a $27 million diamond necklace, a grand piano for Miranda Kerr,
and Psy. “Gangnam Style” dude just comes up a lot
in this story, it’s very weird, okay? At the center
of the entire Malaysian scandal was something called
a sovereign wealth fund. That’s what I want to talk about tonight. Sovereign wealth funds are giant pools
of money owned and managed by a country or state. Now, you tend to find them in countries
that depend on a single resource like oil. Okay, so if oil crashes, you don’t want
your economy to crash with it. So you take your oil money
and you put it in a sovereign wealth fund and invest it in things that aren’t oil. Basically, countries that start
sovereign wealth funds for the same reason that Diddy
and Mario Lopez started tequila companies. You don’t know how long
the hits are going to last, so you got to diversify. But the reason we need to talk about
sovereign wealth funds is because they have tons of cash,
are basically unregulated, and can be used to rob an entire country. The first time a lot of people
heard about sovereign wealth funds is when they were actually helping
the U.S. economy. As Wall Street was losing tens of billions
of dollars due to the mortgage and credit crises, it wasn’t the Fed or Congress
that came to the rescue. It was something called
“sovereign wealth funds.” Sovereign wealth funds bailed out
our banks. Abu Dhabi’s fund became
the biggest stakeholder in Citi. China bought 10% of Morgan Stanley
and 10% of the Blackstone Group. And all that foreign money
made people worry. How much do you have to invest? About $200 billion. -$200 billion?
-$200 billion. This is the fund’s president– Gao Xiqing. Yes, it rhymes with cha-ching. You know what’s crazy? She did that in voiceover. Think about it, like, she went into a booth.
It was written down. She read from a script. “Gao Xiqing
rhymes with cha-ching. I’m Leslie Stahl, those ethnic puns
and more tonight on 60 Minutes.” And then she just banged a gong. Now, since 2008, sovereign wealth funds
have exploded with cash. There are 78 sovereign wealth funds
in the world. Almost a third of them were created
in the last decade. In 2007,
they controlled around $3 trillion. Now, it’s about $8 trillion. Now, I know that number seems meaningless. You know, it’s like when you’re a
little kid and you’re like, “I’ll bet you nine gajillion dollars.” And you’re like, “All right.” So just for context. $8 trillion is about 50%
of Gaddafi’s Ray-Bans budget. But seriously, it’s equivalent to 10% of the global GDP,
and that money is everywhere. Silicon Valley has taken a shitload
of money from sovereign wealth funds and only half of it went to scooters. But Uber, Tesla, Lyft, WeWork, Wag, Slack,
Magic Leap, DoorDash, and Fanatics have all taken money. Fanatics, you guys. Look, the next time you get
a Draymond Green bobblehead, just know you made
the King of Bahrain $28. It gets even more random.
Abu Dhabi’s sovereign wealth fund has a 75-year lease
on Chicago’s parking meters. Yeah. That’s right, Chicago. Your parking meters are Muslim.
Think about it. A lot of them face east,
they have arranged marriages, and they don’t eat pork. They’re Muslim. The biggest and best run
sovereign wealth fund is in Norway, okay? It’s worth $1 trillion,
which is huge. Especially for a country that tiny. Norwegians own shares in more than
8,000 companies worldwide, including over 200 in Canada. The Pension Fund, as it’s now called, makes every Norwegian a millionaire
on paper. Norway used to have
Who Wants To Be A Millionaire, and it got canceled because everybody won. The good news is
Norway’s fund is highly transparent. The problem is many sovereign wealth funds
aren’t in democracies. A lot of them are in petrostates:
Russia, Saudi Arabia, UAE, Qatar, Libya, Oman, Kuwait, Algeria, Angola. These countries have
an average democracy index score of three out of ten, which ranks them
somewhere between dictatorship and Indian household. In 2018, the son of Angola’s dictator
was accused of funneling $500 million from the fund into a foreign bank account. Many of these sovereign wealth funds are controlled by autocrats–
MBS, Erdoğan, Putin. Do you trust these guys? ‘Cause they’re nothing like Norway. Norway’s like a boyfriend
who doesn’t have a passcode on his phone. He’s just like, “Swipe up.” These guys are like a boyfriend
who has a second phone. You’re like, “Vlad,
why do you have a Motorola RAZR?” And he’s like, “It’s for work.” No transparency, little oversight,
lack of democratic institutions. All of this makes sovereign wealth funds
ripe for abuse. No matter who’s running them, they want
to make their pools of money bigger, and that’s why they need investment banks
like Goldman Sachs. But banks like Goldman can take advantage
of sovereign wealth funds, and they do it in two key ways. The first thing they do
is they leverage their expertise. Take Libya, okay? In 2006, Libya set up a $60 billion
sovereign wealth fund that was looking to grow,
and then Goldman showed up. Libya’s sovereign wealth fund lost almost
$1.3 billion in trades with Goldman. When they realized
they had lost all that money, they went to Goldman and were furious. Furious is the word. I mean, look at the way Gaddafi treats
his own people. I can’t imagine he reacted particularly
well to losing 98% of his investment. No, I’ve been told you really can’t lose
money in Libya or Gaddafi’s money or you get in a lot of trouble. A lot of trouble? This is a guy
who blew up a commercial airliner. A lot of trouble is an understatement. Reportedly,
Gaddafi’s family friend who ran the fund went up to a Goldman rep and yelled,
“Fuck your mother. Fuck you and get out of my country.” Which is also how
Gaddafi signed his emails. Now, get this. Goldman took home $200 million in fees, and Libya says it lost $1.2 billion. Libya was looking
for boring, safe Investments, but Goldman took their money
and made a complex, risky trade. In court, Libyan officials claimed that
they had no idea what was going on. Goldman won the suit,
but there is no question their expertise helped them profit from Libya’s ignorance. And those tactics seem to be part
of Goldman’s overall culture and strategy. Just listen to this former Goldman VP. Getting an unsophisticated client,
it was the golden prize. The quickest way
to make money on Wall Street is to take the most sophisticated product and try to sell it
to the least sophisticated client. That’s the same way they sell credit cards
on college campuses. They’re like, “Hey, dude, you want
a tank top that says MasterCard on it?” And you’re like, “Sure,
here’s all my information. Thanks for the triple XL tank top.” In order to really understand… how much damage Goldman
and sovereign wealth funds can do, we have to get back to Malaysia. The case that could send
Goldman Sachs bankers to jail. Just like in Libya,
Goldman Sachs was brought in to help Malaysia grow
its sovereign wealth fund, 1Malaysia Development Berhad
or 1MDB. Not IMDB, 1MDB. But 1MDB didn’t even exist
until this guy came into the picture. Jho Low. He was this 27-year-old
Malaysian financier. This gulab jamun with glasses… got connected with
Malaysia’s Prime Minister Najib Razak. Look at this. He somehow convinced the prime minister
of a country to set up a sovereign wealth fund. Now, Najib is theoretically
a democratic leader, but he is tight with a lot of autocrats,
like Rodrigo Duterte, the President of the Philippines. You guys remember Duterte. In fact, Prime Minister Najib
and President Duterte are so tight that during a 2016 state dinner,
they started catching feelings. Thank you very much, Mr. President. They should totally fuck. But then Najib would have to
imprison Duterte for sodomy. He’d be like, “That was great,
you’re under arrest.” Jho Low claimed 1MDB was supposed
to help Malaysia build infrastructure and increase development,
and investors bought his sales pitch. Let’s all think big. Let’s all be bold. And let’s really think about our place
in this world and work together to create the world
we truly want to live in. Wow, that’s so beautiful and selfless. So what world
did he truly want to live in? Yes, that’s Punjabi MC.
Yes, that’s Paris Hilton. And yes, he’s wearing a fedora that was probably paid for
by the people of Malaysia. More than $4.5 billion were stolen
from 1MDB between 2009 and 2014. A number of corrupt 1MDB officials
treated this public trust as a personal bank account. Najib and Jho Low are accused of stealing
at least $4.5 billion, and they blew it on insane shit.
For Jho Low’s 31st birthday, he got Psy, Pharrell, Jamie Foxx, Redfoo,
Busta Rhymes, Q-Tip, Swizz Beatz, Ludacris, and Chris Brown to perform. He got Britney Spears
to jump out of a cake and 20 little people to walk around
dressed as Oompa Loompas. Now it says a lot when Chris Brown isn’t
the most offensive thing at your party. Jho Low also spent millions
on real estate, a private jet, a mega-yacht,
a clear piano for Miranda Kerr, a Picasso, a Monet,
and a Leonardo DiCaprio. -I’m serious. I’m dead serious.
-No way! Even though 1MDB denies it, Jho Low helped set up
a production company that financed The Wolf of Wall Street. Leo even gave them a shout-out
at the Golden Globes. Joey, Riz and Jho, thank you
for being not only collaborators, but taking a risk on on this movie. A movie about a hard partying financier
who stole millions of dollars was made by a hard partying financier
who stole millions of dollars. That would be like
if Predator was directed by Bryan Singer. By the way, Jho Low didn’t stop
with Wolf of Wall Street. The movies Dumb and Dumber To
and Daddy’s Home were also financed illegally. The production company denies wrongdoing
on that. No wrongdoing?
There was definitely wrongdoing. Now, you’re probably wondering how on earth
did the prime minister of Malaysia and the kid from Up pull this off? Well, they hired Goldman Sachs, which gets us to Goldman’s second tactic
for exploiting sovereign wealth funds. Reputation. Whether you like them or not, Goldman Sachs is synonymous with money,
success, and money again. Goldman helped 1MDB appear more legit
than they actually were. It’s like awards on movie posters. Like, you don’t ever read
that leafy circle. You just trust it once you see it. It could say anything in there,
and in this case, that leafy circle was Goldman Sachs. Now, here’s how it went down. Jho Low and Najib started
the sovereign wealth fund, 1MDB. They worked primarily
with two Goldman bankers, Roger Ng and Tim Leissner,
who helped take 1MDB to the next level. How much of Jho Low’s scheme
do you think was actually, would have been possible
without the help of bankers like those from Goldman Sachs? No, that’s totally right.
It would have been impossible without the help of the enablers
in the global financial system. I mean, the money was raised
by Goldman Sachs. It’s true. In 2012, Ng and Leissner
started helping 1MDB raise money from investors who were told
that their money would help pay for power plants. The only problem was 1MDB
had no credit rating, which made it harder
to convince people to invest. So to make the power plant deals
look better, Goldman Sachs used their credibility
and paired 1MDB up with Abu Dhabi’s sovereign wealth fund,
IPIC, which had $70 billion in assets and solid credit. All of this
was their verified blue check mark and investors saw that package,
Goldman, IPIC, and 1MDB and they bought in. Over the next year,
Goldman raised $6.5 billion for 1MDB, but instead of all of it going
into power plants, Jho Low allegedly siphoned off
$1.4 billion into a shell company. From there, the money allegedly went
to pay off everyone who helped. It also paid for Daddy’s Home,
Oompa Loompas, and Miranda Kerr’s piano, and Goldman walked away with $600 million
in fees and revenue. Now, we reached out to Goldman Sachs
to ask them about these fees, and they said the fees and revenue
were fair given the risk assumed. But reporters say that $600 million is 200 times what they would normally make
on a deal that size. Clearly, something shady is going on here.
Goldman used their expertise to raise the money for 1MDB
and used their reputation to make this scheme look legit. Prime Minister Najib did everything
he could to cover this up. He cracked down on reporters.
He fired officials investigating him. He even threw a concert with Psy to rally support
for his political party BN. How is Psy always at the scene
of the crime? He’s the Forrest Gump
of shady Asian business deals. In the end, the scandal
brought down Najib’s entire government, and he was arrested. He insists he’s being framed. So he did what every wrongly accused man
does to clear his name. He makes his own version
of “We Are the World.” This is the saddest day of my life. Hopes as high as a mountain,
can be crumbled into dust. Why did such a tragic event ever happen
in my life? That song is so bad
it created more world hunger. Najib is on trial in Malaysia as we speak, and Jho Low is still on the run. What they did with Goldman
caused real pain. Thanks to two guys, ordinary Malaysians are stuck
with $13 billion of debt. They have not only stolen the money
through commissions, but they have helped
to destroy the economy and the confidence in the system. Apology is not enough. Apology with $7.5 billion,
that is what matters. Goldman Sachs should understand
the agony and the trauma suffered by the Malaysian people. Roger Ng, one of the Goldman bankers,
has plead not guilty, but U.S. prosecutors are pushing
for a plea deal. Tim Leissner has already plead guilty
to conspiracy to commit bribery and money laundering. Goldman Sachs says
they were unaware of their activity and is trying to make it seem like
1MDB was the fault of rogue employees. But in his guilty plea, Leissner said, “Avoiding compliance
was part of Goldman culture.” And experts agree. Now, it’s significant that the bank itself
has been targeted rather than just its employees. Because this indicates that
the Malaysian authorities believe that Goldman knew that
money was being misappropriated. This was not rogue traders.
These are very senior people. And it went all the way up the food chain
at the firm, and they should have known. Since 1MDB, Goldman Sachs has actually been
doubling down on sovereign wealth funds. Just last year,
they worked with Saudi Arabia. Now, they’re working with China. These deals are gonna keep happening.
They’re not going away. And that’s okay, because sovereign wealth funds
aren’t inherently bad. But in the wrong hands,
they can do massive damage to countries. That’s why a criminal case against
Goldman Sachs could be so important. It could help set a precedent about how much we scrutinize
these vast pools of money with little to no regulation. Until that changes, there are going to be more 1MDBs
and even more Jho Lows. Jho Low, if you’re watching,
wherever you are, I can’t get you another $4.5 billion. I can’t get you acquitted,
but if you turn yourself in, there’s one thing I can get you. The biggest, wildest Psy concert
the world has ever seen. Psy, if you’re watching, wherever you are,
I’m calling in that favor. Check your RAZR phone.

100 thoughts on “Malaysia, 1MDB, and Goldman Sachs | Patriot Act with Hasan Minhaj | Netflix

  1. Ironically, Sovereign Wealth Funds are a tool which we could be used in a reform of the US Social Security system. In the excellent video, don't lose sight of individual and corporate criminal fraud. These abuses should lead to further regulations to avoid concentrations of power or a repeat.

  2. Rat content right here guys. He pretends to be going after goldman sachs, but just throws shade left and right on these 'not-democratic' countries.

  3. Also Shout out to Xavier Andre Justo and Clare Rewcastle Brown who took all the risk for the world to expose this scheme and for enlightening us with what is happening. This episode was awesome. Incredible Hasan

  4. Nice work of propaganda throwing Russia in with a bunch of autocracies that don’t hold elections. Because of just such nonsense about Russia you were peddling in this segment, many Americans have this completely mistaken view that the Russian democracy is any less legitimate than our own. We have essentially a two party state. Russia has many parties represented in their Parliament. Yes… They have a Parliament. From Wikipedia

    https://en.wikipedia.org/wiki/Elections_in_Russia

    Something that you and more Americans should know is Putin's Presidency is overwhelming popular in Russia. His popularity throughout his times in office have hovered around 80%. And no, nobody is holding a gun to each and every one of their heads. Again see Wikipedia

    https://en.wikipedia.org/wiki/Public_image_of_Vladimir_Putin

    No American President in recent memory has ever reached anything close to that type of approval. Much of what we Americans are told by the corporate media to believe about Putin and Russia is complete nonsense. Putin, good or bad, is just another politician. And Russia, good or bad, is just another country. Both have interests that they pursue, just like the US President and US government. Portraying them as some alien evil force is again just – propaganda.

    By the way, you are funny as hell and I love your show.

  5. He seemed so staged and a tad cringey back on the daily show but Hassan on this show is just a symphony of awesone

  6. After watching this I decided to search, out of curiosity, if Goldman Sachs also involved in Greece's economy. Now I appreciate the phrase ''ignorance is bliss''.

  7. Thank u for making Malaysian understand the roles of those involved in 1MDB scandal..with humour and jokes aside, the new Malaysia hopes that Goldman Sachs will stop manipulating countries like Malaysia and its people

  8. India now hub for sovereign wealth, pension funds

    LONDON, Reuters: Sovereign wealth funds (SWFs) are piling into India, buying stakes in everything from airports to renewable energy, attracted by political stability, a growing middle class and reforms making it more enticing for foreigners to invest.

    Wealth and state pension funds are expanding their horizons to private markets, to complement an existing focus on stocks and bonds.

    “India is popular with sovereign wealth funds,” said Tihir Sarkar, London-based partner at Cleary Gottlieb, which counts several prominent sovereign funds as clients.

    “Almost every jurisdiction in the western world is raising the bar for entry for foreign investors but in India, it’s the other way round. There’s also the attraction of the demographics and a lot of assets that sovereign funds like, such as infrastructure, where there’s a huge appetite for foreign funding.”

    Prime Minister Narendra Modi’s election win last month consolidated Bharatiya Janata Party’s (BJP) power base and is expected to stimulate further foreign investment.

    Foreign institutional investor (FII) flows into the country’s equities are $11 billion year-to-date, surpassing the total annual tally in each of the four previous years and setting 2019 on course for the highest annual inflows since 2012. The BSE index soared nearly 10% year-to-date.

    “The rapid rise of an educated middle class offers enormous opportunities for the deployment of long-term capital, the kind that sovereign wealth funds are ideally suited to provide,” said Ravi Menon, chief executive officer of HSBC Asset Management India.

    The new China

    The attention sovereign funds are giving India is like that they have paid to China, now clouded by a trade war with the US, said a banker specialising in institutional investors. In the public markets, funds were focussed on public equity and fixed income, he said. In the private market, momentum is also building.

    Private equity deal activity in India surged to $19 billion in 2018, the highest level in at least a decade, according to PitchBook data. Sovereign wealth funds and pension funds participated in about two-thirds of that amount.

    Among recent deals, Singapore’s GIC SWF and the Abu Dhabi Investment Authority (ADIA) this month agreed to make a further investment of $495 million in renewable energy firm Greenko Energy Holdings.

  9. I'm from Malaysia, all politic parties in this country are suck. Most dirty politics in world. They all is Hail Hydra. They said they differ but they all same. Suck

  10. The name of the game for multinational businesses seems to be it’s only illegal if you can’t afford the fine.

  11. Investing money with known corrupt banks and expecting it all to be ok? These people act with impunity.

  12. Why do I feel like every time "Arranged marriage" comes up, it's in a "bad" way so to speak?

    Forced marriage is one thing. But arranged marriages aren't all that bad. It's basically normal marriage except the dating phase. Instead both families AND bride/groom agree, and then they talk and get to know each other until the marriage.

  13. Goldman Sachs tried to settle by paying off a Bilion Ringgit to malaysia .. Ha ha that is just about 250 Million Dollars — cheap try Goldman Sachs

  14. Wow and the case is getting bigger and bigger.
    This is a case in south Korea about PSY and JHO LOW and the CEO of PSY former agency YG https://www.soompi.com/article/1334407wpp/mbcs-straight-reports-new-details-about-yang-hyun-suks-involvement-in-prostitution-mediation

  15. I never thought I'd be interested in that stuff but YG messed up real hard and he has something shady going on with that grown up kid from UP (Jho Low), also is PSY involved. Hasan talks sooo smoothly and funny and it feels like butter in my ears and his jokes y'all, it made it sooo much easier to listen to him and I wanna thank him for that.
    Now I know how real times fucked up YG is like wow

  16. This speaks for itself https://www.cnbc.com/2018/04/11/goldman-asks-is-curing-patients-a-sustainable-business-model.html

  17. fact to relate 4:20 total wealth in world is 80 trillion usd including money such as in bank vaults+money in hard drives of computer ie digital money……..

  18. i dont know why but i've lost some interest in these videos after watching a clip in the patriot act channel saying they shoot with no audience, with cgi and a hardworking voice over artist who basically laughs 🙂

  19. https://www.allkpop.com/article/2019/06/psy-under-fire-for-lying-about-only-there-for-dinner-was-with-jho-low-madam-jung-hwang-hana-and-yang-hyun-suk-the-night-before

  20. Ya, the economy was ruin by stupid goverment.. Imagine how much the money can be use for the wellbeings of Malaysia. This is absurd with plain dumb.

  21. 4:45 wait a minute the parking thingy outside my house is muslim(cant say im suprised it always beeped) sorry sorrt

  22. Hasan minhaj : goldman sachs

    All what i heard was : what ? Goldman sucks hahaha

    Sorry to my ears, i dont pass my english listening section test.

  23. what a learn from this story. is this never invest out side of your countrey invest your popultions money in your popultions

  24. good job hassan..you have a great research on the 1mdb…theres more sinister issues within if you dig further which makes it an amazing but disgusting tale of greed..

  25. Currently, Psy's former company and the founder, YG Entertainment and Yang Hyun Suk, is involved in prostitution scandal with Jho Low.

  26. I'm learning politics while having a laugh, can't find that in any news outsource, Thanks Hasan Minhaj, John Oliver, and Trevor Noah.

  27. Just so you know what I learnt on school seems waste I would have just watched one episode of patriot Act.

  28. But still many malaysian think that this all false allegation. That how stupid my malay friend are. Who ever accuse najib of doing so, they will mock the accuser(even his own party mmber cant accuse him) n his follower accuse Tun Mahathir brainwash the malaysian citizen just to win the election. Idiot!!! All willingly become idiot just because najib feed them money. Come to malaysia n see what najib doing now, he act like he did nothing wrong n his ppl treat him like a king.

  29. Getting a conviction at Goldman is like trying to marry into the Rothschild family. Unless you are a prince of a major European family, or an Arab Emir. No scratch that. No Arab Emirs for our Sweet Charlotte. Did you see Vesuvius with the ash column in the background of the painting? She must have been from the Napoli branch (Calmann Mayer Rothschild) of the Family.

    So that is the original Mafia if you will. A true Jewish syndicate spanning all of Europe in five major cities (Frankfurt, Paris, London, Naples and Vienna). Talk about a Sovern Wealth Fund. These People owned Europe, or at least financed most of the Sovern Debt that fueled various countries expansions or decline. And to them in no small way ISRAEL.

  30. Net worth $1.1 Billion of: Lloyd Craig Blankfein is an American investment banker who has served as senior chairman of Goldman Sachs since 2019, and chairman and chief executive from 2006 until the end of 2018. He assumed the office after former chief executive, Henry Paulson, was asked to serve as the 74th United States Secretary of the Treasury. I wonder how much of that money belongs to Malaysia? It's ok. We just strewed Muslims. No Jews were hurt. Good going there buddy.

  31. well ex-goldman sax bankers are all over in politicians ppositions and ex politicians are everywhere in golman-sachs employee lists….?? why you thik?

  32. Hasan I love you bro. Please talk about the democratically elected political officials that are being incarcerated in Jammu kashmire. I know it's a tough ask but nobody else seems to even give a thought to what the people are facing there.

  33. Forget Najib scandals. Malaysia's new government is currently selling a billions of assets yet the debt are keep increasing. A lot of foolish people become a minister, like Finance Minister itself, he's not have a knowledge about finance yet he becomes a finance minister, and looks how Malaysia's currency are now.

    And the gay sex scandal is back, under the same people who govern the country in 90'.

    A fireman died to Hindu's riot yet gov keep protecting those murderers.

    And always blame the previous gov whenever a problem occurs.

  34. All this talk about Sovereign Wealth Funds makes me mad that the Australian government blew it all away to private companies and screwed the whole country over

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