January 21, 2008 – 9:54 am

Why are HSBC, Citigroup, and Standard Chartered running to buy Rebar Group in Taiwan after a RUN ON DEPOSITS?

Don’t they have enough of their own problems?

“In Taiwan’s bank auctions, the winning bidder
receives money from the government to take over sound assets,
including branches, and at least half of the employees.” – Bloomberg…

As long as Citigroup can get the money to pay my dividends in the US…whether it be from the Federal Reserve of Taiwan’ central bank… its all OK.

Globalization is G-R-E-A-T!

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