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发表于 2010-1-7 02:58 PM
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12# ypm968
Actually in BSC case, US government had to guarantee the remaining $29B loss after the first billion loss (JPM took over)
This is a sweet deal.
Barclay was looking for this sort of Jamie deal in LEH case, but Paulson didn't give to him because of social pressure after BSC bailout, also because he failed to realize the serious consequence of LEH failure.
LEH had a plan to split it into 2 parts, one is the good part w/o bad assets, the bad one is called 'ShitCo' which was supposed to be bailed out by private sectors led by GS/JPM/C/.... And Barclay was ready to buy the good part. But this deal was killed by UK government in the last minute.
This is LEH story. |
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