Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Have management and equity holders taken their haircut yet? They're the first to grab the money and run when things are going well - they should be the first to take haircuts when the going gets tough. Otherwise, you're privatising profit and socialising risk.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Mar 5th, 2009 at 11:58:32 AM EST
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