"A remarkable boy! Do you know whether they've sold the prize Turkey that was hanging up there -- Not the little prize Turkey: the big one?"
The FT reports that various law firms, accountants and sundry other advisors mouths are a-water at the thought of US$100 million in fees associated with Dubai World's restructuring.
We are taking nominations for the role of "founder of the feast". Submit your entry via a comment.
And so, as Tiny Tim observed, God Bless Us, Every One!
If not every one, then at least the successful firms who will feast on the restructuring. Certain folks always come out ahead in restructurings.
Posts
1 comment:
So what? Haven't that class of people already made, and continue to make, a killing in the well documented Lehman bankruptcy?
Such is the nature of a global FIRE economy. The least productive people make most of the money. The person doing physical work that actually produces something tangible, who has invested in Lehman bonds or Dubai property or ??? theirselves, or via financial institutions. They are left holding the empty bag.
Post a Comment