|Guess who is bailing out Barclays?|
|by SANE Staff, Sun, November 02, 2008, 11:30:AM|
What is fascinating about this “bailout” is that it is rationalized as a way for Barclays to capture a capital investment to shore up its liquidity without going to “government”. Now, this is just rich. Barclays correctly would like to avoid nationalization (i.e., what happens when you get a handout from your own government), but, instead, goes to a “Persian Gulf” investor, Sheikh Mansour Bin Zayed Al Nahyan, a member of Abu Dhabi’s royal family, as if this were not a government (i.e., sovereign wealth based) investment. The only difference is that instead of a friendly government, it is one driven by Shariah-Jihadists. Fantastic!