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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (823747)	12/19/2014 2:45:45 PM
From: tejek	Read Replies (1) \| Respond to of 1577217

So where does that leave the Russian economy? No place good, that's for sure. Because there just isn't a floor to the ruble any time in the next few years. And that corporate debt is going to be extremely bad news. Because the debt was not used to increase assets for those companies. The oligarchs used a technique that Romney pioneered in the 1980s. That is, get control of a company, have them take on a bunch of debt which is used to pay off the ones in control. Romney would then take the company with its new burden of debt public. Which isn't really an option for the oligarchs. But, they've stashed most of their stolen wealth overseas. So it does Russia no good at all. Let's not forget that all of Putin's talk about modernizing Russian industry has been mostly hot air with the notable exception of the Russian military, and the corruption continues unabated. Sochi was a disaster financially due to all that corruption.