“Investing†in AIG, et. al.: understand the scandal
I haven’t posted here due to a lack of time, but what we are witnessing is no short of the most abject scandal run by the collusive political and financial sides of American elite. Oh, and incompetence is a hallmark too. Here are a few must-read if you want to follow what’s going on, but be warned, this will elevate your …
Bankers' cut on YHOO-MSFT deal
From Marketwatch: The four advisers, Goldman Sachs, Lehman Brothers, Morgan Stanley and Blackstone, stand to make as much as $1.3 billion between them, analysts and experts said. Even if the dynamics leading to these rip-offs are well understood (financing need, litigation protection for the boards, etc.), this just reinforces Umair’s point. But consider the irony here:
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by Julien Le Nestour
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