China And Somalia Open Capital Markets
CHINESE sailors fight with Somalian pirates to see which can run the world’s economy.
But hold on, guys. Why fight.
If China can make the stuff and Somalians run the distribution network, it could all save the global financial markets yet.
Hurraaaaaaah!
A drink to celebrate. To the cross-channel ferry, me hearties! And bring a crowbar for the fruit machine.
The pirate press office was engaged when we called.
Posted: 19th, December 2008 | In: Money Comment (1) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink
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December 20th, 2008 at 12:53 am
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