Tom Lehman
Michael Perelman wrote:
> I knew that Goldman Sachs was in line to take over New Jersey. Now Japan?
>
> 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
>
> --
>
> Michael Perelman
> Economics Department
> California State University
> michael at ecst.csuchico.edu
> Chico, CA 95929
> 530-898-5321
> fax 530-898-5901