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The largest shareholders are the Saudis and Qataris, the shareholders appear to have gotten some sweetheart inverted deal relative to the bondholders, and almos
by photochemsyn 4y ago
The largest shareholders are the Saudis and Qataris, the shareholders appear to have gotten some sweetheart inverted deal relative to the bondholders, and almost nobody is discussing it?
You now if these financial markets just evaporated, who would care really, except a few aristocrats? Are they really doing anything worthwhile like building factories, or is it just a pack of percentage-harvesting parasites?
- miguelazo 4y agoSeems the Saudis aren’t getting off so easy as you suggest: https://www.wsj.com/articles/credit-suisse-collapse-burns-saudi-investors-3f096a07?mod=mhp https://www.wsj.com/articles/credit-suisse-collapse-burns-sa...
- riffraff 4y ago> You now if these financial markets just evaporated, who would care really, except a few aristocrats? Where you not around 15 years ago? When banks fail it's never "a few aristocrats" who get screwed, it's everyone.
- bootsmann 4y agoYou probably should avoid using the word parasites and banks in the same context. The historical connotation is more than a bit errrrr.
- ilammy 4y ago> You now if these financial markets just evaporated, who would care really, except a few aristocrats? Everybody, because retirement is tied to financial markets. We can’t possibly not pay out 401k’s, right? Isn’t that a neat trick to ensure that everybody cares about the health of financial markets?
- zamnos 4y agoEmbezzling from the pension fund is a popular move among dishonest accountants, and what can you do if the money's simply not there? In times of great upheaval, promises get broken and in a governmental collapse, there's no entity left to keep those promises. Hopefully we are not in such calamitous times, but we shall have to see.