Sunday, March 18, 2007

Running for cover or trying to hide something?

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 (535 views)
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One thought on “Running for cover or trying to hide something?

  • 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.”

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