The good news is, there is still dumb money in the middle east to float their [[C]] boat. The bad news is, China is no longer interested in investing in Western banks.
Hmmm, I wonder why?
While Chinese investment groups have bought big stakes in Wall Street firms like Bear Stearns and Morgan Stanley, the scuttled deal suggests there may be limits on how much the Chinese government is willing to invest in the Western banking system. The exact reasons for the breakdown are unclear, and it is possible the two sides may return to the negotiating table.
It’s a disgrace that we have been reduced to third world status, while they’re the rich fuckers.
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