Doug Henwood wrote:
> Stephanie Strom reports in today's New York Times on the composition
> of the group that's buying Long Term Credit Bank from the Japanese
> government (which had nationalized it because of its insolvency):
>
> "The Ripplewood consortium is a collection of influential names. It
> includes former Rep. Tony Coelho, the director of Vice President Al
> Gore's presidential campaign, and Chris Flowers, a prominent former
> Goldman, Sachs investment banker. Paul A. Volcker, the former Federal
> Reserve chairman, is an adviser, and financial institutions backing
> the bid include Citigroup, the GE Capital unit of the General
> Electric Co. and ABN Amro of the Netherlands."
>
> Coincidentally, Goldman Sachs was the advisor to the Japanese government.
>
> Doug
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Michael Perelman Economics Department California State University michael at ecst.csuchico.edu Chico, CA 95929 530-898-5321 fax 530-898-5901