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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!

NOVEMBER 1, 2008

 

Wall Street Journal (redacted for copyright/space purposes)

 

Barclays Agrees to Sell Big Stake

 

Persian Gulf Investors Could Own 32% Of the Bank Under $11.6 Billion Deal

 

By Sara Schaefer and Carrick Mollenkamp

 

 

LONDON — Barclays PLC, seeking to avoid selling stock to the U.K. government, unveiled a £7.05 billion ($11.6 billion) plan to raise capital with an expensive price tag: Persian Gulf investors could end up owning a third of the British bank while getting lucrative interest payments.

 

Financial adviser Amanda Staveley, right, walks to the Barclays Bank headquarters on Friday with Ali Jassim, adviser to Sheik Mansour Bin Zayed Al Nahyan.

http://www.saneworks.us/Guess-who-is-bailing-out-Barclays-newsblog-2207.htm

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