Sunday, Mar 18, 2007
Running for cover or trying to hide something?
FT.com: Barclays makes approach to ABN Amro
Barclays, the UK banking group, has made a tentative takeover approach to ABN Amro as the embattled Dutch bank attempts to fight off a campaign by activist investors.
You know, I remember when Warburg went belly up in 1995, SBC bought them for £860m (nothing was said about their debts). When UBS went belly up in 1998, SBC bought them too. Then you had Chase Chemical merging, then JPM buying that behemoth. The pattern is clear, make losses, do a merger.....
Posted by lvmreader @ 09:10 PM (157 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Whiteknight said...
Maybe this time there are too many problem occuring at the same time.
One or two things fail you can "get away with it." . Of course thats moral hazard. Do the same rubbish for too long and the whole house of cards comes a tumbling down.
"I want my money."
"There is no more money."