July 17 (Bloomberg) -- If you want to know about conflicts of interest at Goldman Sachs Group Inc., just ask Chicago's city government.

Goldman, the world's most profitable securities firm, was a frontrunner to advise Chicago on the potential sale of Midway Airport after helping the city lease a toll highway last year. That was until April, when Dana Levenson, Chicago's chief financial officer, read about Goldman's plan to buy an airport company in Europe that might eventually bid for Midway. Within a day, he called Goldman to complain and in May told the New York- based firm that it wouldn't get the assignment.

[The article goes on to talk about privatization of U.S. infrastructure and Goldman's new infrastructure fund.]

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Posted by rjorr at July 17, 2006 1:30 AM