Comments on: China And Somalia Open Capital Markets http://www.anorak.co.uk/198410/money/china-and-somalia-open-capital-markets.html Tabloid news for broadsheet readers Thu, 26 Nov 2009 05:07:14 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: chenier http://www.anorak.co.uk/198410/money/china-and-somalia-open-capital-markets.html/comment-page-1#comment-402927 chenier Sat, 20 Dec 2008 00:53:19 +0000 http://www.anorak.co.uk/?p=198410#comment-402927 Good plan; now that it has finally dawned on Standard & Poor that banks are not going to be making money for the forseeable future, they need to find other clients to pay them megabucks to grade their offerings as Triple A, and Somalian pirates fit the bill. They would probably need some lessons in brass-faced chutzpah when it comes to competing with, say, the departing heads of the Anglo Irish Bank Corp on the bed and breakfasting loans front, but with the right mentors, and a judicious approach to the need for respecting other people's intellectual property rights, particularly when it comes to Rheinmetall AG's grenades, they could be the saviours that the ratings agencies are in such desperate need of.... http://www.bloomberg.com/apps/news?pid=20601102&refer=uk&sid=aFHNDOAufDjc Good plan; now that it has finally dawned on Standard & Poor that banks are not going to be making money for the forseeable future, they need to find other clients to pay them megabucks to grade their offerings as Triple A, and Somalian pirates fit the bill.

They would probably need some lessons in brass-faced chutzpah when it comes to competing with, say, the departing heads of the Anglo Irish Bank Corp on the bed and breakfasting loans front, but with the right mentors, and a judicious approach to the need for respecting other people’s intellectual property rights, particularly when it comes to Rheinmetall AG’s grenades, they could be the saviours that the ratings agencies are in such desperate need of….

http://www.bloomberg.com/apps/news?pid=20601102&refer=uk&sid=aFHNDOAufDjc

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