Bradford and Bingley’s White Swan Event
Jun 2nd, 2008 | By Theo Casey | Category: International InvestingWhen is a Black Swan not a Black Swan? When the “perfect storm of highly improbable events” happens all the time.
When is a Black Swan not a Black Swan? When the “perfect storm of highly improbable events” happens all the time.
Freedom! It’s taken us almost half the year, but we’re finally free! Free from the shackles of state oppression! No, I haven’t turned into a student communist.
Investors in big U.S. banks should be asking that question. Beleaguered bank Washington Mutual was tossed a much-needed lifeline this week. Private equity firm Texas Pacific Group (TPG) is agreed to a US$7 billion bailout deal to shore up the troubled mortgage lender.