How do they sell the NYSE?????????
I guess you could compare it to an auction house.
Was t sold to China or the Arabians ?
Well, it was suppose to be sold to a company in Atlanta, Ga. You know how that goes.
I think on this one the Chinese might have been a better choice as their greenbacks have at least been through an economy at least once!
These guys that bought it apparently came out of nowhere, their assets consist of things called DERIVATIVES which i never understood anyway other than everyone was blaming something called the same thing for the financial crisis a while back. Something to do with monopoly money or something like that.
Then again I see where they paid 38% or over value to buy it, and in another place see that just coincidently the actual cash was about that much, the rest was a stock swap. If we're all still around come Saturday, the next Dan Brown novel will probably reveal that original Mayan calendar was buried under the pit at NYSE.
Oh, great; another leveraged buyout: followed by stealing the assets and bankrupting the company. Call it Twinkie 2.
I know, it said OT. I really didn't need to read this. I have been saying for more than a decade that our entire economy has become nothing more than a "house of cards".
Drive carefully, and do enjoy the holidays! We will still be here, although I am definitely ready for a "new age of enlightenment"!. W2