Barclay to spend another 1 $ Billion to rescue another SIV.
[Reuters Live]
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Merge or buy one another in financial sector and hide the gory accounting details for another 10-20 years. This seems more and more like a closely knit private country club.
Oh Yeah ! That's what WCOM CEO essentially did in the telecom sector during the wonderful 2000 tech bubble days. The rest as you know is history with WCOM ex-CEO Bernie now spending time in federal prison for rest of his life.
Wow ! Both free Enterprise & free Market at it's best. Oh Yeah ! My ass.
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