The Financial Times reports that certain British banks have finally found a place to unload their most toxic and least marketable investments left over from the financial crisis. Several banks have chosen to sell these bad assets to their own employee’s pension funds! Gee, I wonder if they were able to negotiate a good price with themselves? I’m sure US bank executives are slapping their heads and asking, “why didn’t we think of that?”
The link is bad - FT is really hard to link to because of their paywall. You have to use their own "share" button to get a link that you can post.
ReplyDeleteHere is the link
http://digital.olivesoftware.com/OLIVE/ODE/FTUS/LandingPage/LandingPage.aspx?href=RklULzIwMTEvMDgvMjI.&pageno=MTQ.&entity=QXIwMTQwMQ..&view=ZW50aXR5
Thanks Richard!
ReplyDelete