Morgan And Mitsubishi Are Two Star Crossed Lovers
We’ve been closely following this tragedy as it unfolded; the engagement that was broken off, the marriage that was never consummated, but last week we thought that finally they would tie the knot.
Only to discover that the inexorable workings of fate, in the shape of Morgan’s shares falling in value by 60%, and the US Fed’s refusal to guarantee to the Japanese that Morgan would not be allowed to fail, had once again scuppered the romance.
So, jilted again, Morgan had to settle for being more of a girlfriend than a partner in a much less favourable deal, and the US Fed had to hastily backtrack once it dawned on them that the US needs the Japanese a lot more than the Japanese need the US.
But with any luck Morgan will still exist tomorrow…
- Chenier
Posted: 13th, October 2008 | In: Money, Twitterings Comment (1) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink
Comments
October 14th, 2008 at 6:37 am
The Japanese will need the US more when China and Russia start ganging up properly! lol