[lbo-talk] Oooh, soo close!

Charles Brown charlesb at cncl.ci.detroit.mi.us
Wed Mar 19 08:58:10 PDT 2008


How do we know the eternally maligned "bureaucrats" were not still evaluating the deal ? - Bureaucratic black tape ( tape that keeps you in the black)

Charles


>>> Chris Doss <lookoverhere1 at yahoo.com> 03/19/2008 3:45 AM >>>

Saved by a transaction cost!

--- Jordan Hayes <jmhayes at j-o-r-d-a-n.com> wrote:


> http://blog.foreignpolicy.com:80/node/8445
>
> [ ... ]
>
> Citic, a Chinese bank run by the government, was all
> set to purchase
> nearly 10 percent of Bear Stearns until Friday's
> debacle. The only thing
> that saved Citic from making a terrible deal?
> Bureaucratic red tape in
> Beijing.
>
> ___________________________________
>
http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>

Mataiotes mataioteton, eipen ho Ekklasiastes, mataiotes mataioteton, ta panta mataiotes.

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