Stitch,
I think we have beat the Holbrooke dead horse topic enough. Hopefully, in the future, before you declare individuals like Holbrooke as new heroes, you may reflect on this round of discussion and take into consideration the dissenting opinion.
"I expressed the idea that the money provider normally sets the terms of the loan/investment. If you have ever funded a company through a venture capital source you will learn this very quickly. To be sure there should be cooperation. This sense of cooperation should include avoidance of redirecting funds to one's own pockets or one's family's pockets. It should include using the funds as stated in the agreement. And next time you go to the bank for a loan, let me know who's rules you use. "
Finally, in response to your above statement, I am afraid you are dead wrong also. Venture capital is such a tiny portion in the world of finance and cannot reasonably be used to represent lending practics. This is a simple issue of supply and demand. When there are more borrowers than money, the lenders call the shots, and vice versa.
In the case of corporate finance, how competitive do you think it is for the likes of Citibank, BofA etc to loan money to IBM. Who do you think calls the shot there?
In the case of personal finance, if the lenders call the shots, I will be lining up to get a credit card instead of receiving 3 pre approved applications a week.
Even in the world of global financing. Who do you think call the shots, Suharto or IMF?
Now I have to return to preparation for next week. How about changing the subject back to the major events.
What is likely to happen in Japan? What is the government's next move? Are Japanese saves going to start a mass exodus of yen to other countries, now that they are free to do so? Is there going to be a flood of investment into Korea Inc., now that the percentage of foreign investment has been increased?
Ramsey |
