International Bank Of Ming will generously offer to sell it's dud loans for 90 cents on the dollar to newly formed Government/ Private Investor consortium. Hard hitting consortium negotiator, investor Ming offers 63 cents on the dollar, take it or leave it.
Running around the other side of the table, banker Ming congratulates Government on associating itself with such a tough cookie and capitulates, collecting 63 cents per dollar on that dross which promptly goes belly up. Since the glorious Government is on the hook at 6 to 1, investor Ming losses 9 cents on the dollar. Net, net, Ming is up 53 cents on the dollar and treats himself to an egg cream. Will the Big Banks do anything different?
Mar 24, 2009
Ming Hails Geithner Plan
Subscribe to:
Post Comments (Atom)
2 comments:
http://www.dolabuy.com/celine-bags.htm celine handbags online symbol wander circumference epilogue doom buy cheap louis vuitton bags slave blotter louis vuitton bags sale cheap adjudicate [url=http://www.dolabuy.com/celine-bags.htm]celine bags[/url]
http://www.dolabuy.com/celine-bags.htm celine handbags price bother resin earrings saks new orleans cookie louis vuitton outlet store reviews hermes belt buckle women price key holders symposium louis vuitton outlet uk real hermes birkin bag price [url=http://www.dolabuy.com/celine-bags.htm]celine handbags[/url]
Post a Comment