Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
"I don't know Icarus, but something seems familiar here."

I will imprudently predict publicly something that I only have cursory foundation to speculate upon.

This is a repeat of Mitsubishi buying Rockefeller Center immediately before the crash in '89. This is being done on presumptions of things remaining the same and being different at the same time, and every tangent being profitable to the max. The flimflam spivs behind the deal will figure the deal in such a way that they will make top of the market money on the sale and somehow repossess the assets when it collapses at pennies on the dollar...and somehow suck it dry with dividends the whole time.

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Sat Feb 12th, 2011 at 04:33:04 AM EST
If I were acting for the interests of European citizens, I would be very careful that they do not end up on the hook for an even larger share of losses for imploding derivatives trades.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Feb 12th, 2011 at 07:35:59 PM EST
[ Parent ]


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