Comments on: Qatar Pursuing $3 Billion Investment in Credit Suisse http://www.nakedcapitalism.com/2008/01/qatar-pursuing-3-billion-investment-in.html Mon, 23 Nov 2009 09:23:14 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/01/qatar-pursuing-3-billion-investment-in.html#comment-3394 Anonymous Sun, 27 Jan 2008 14:02:00 +0000 http://www.nakedcapitalism.com/2008/01/qatar-pursuing-3-billion-investment-in-credit-suisse/#comment-3394 I find it funny that authorities in the US are complaining about sovereign wealth funds.<br/><br/>For decades companies from western countries and in particular the US have 'imposed' themselves on other countries. 'Free market capitalism' has been pushed by the US and the world bank into all areas in third world countries. <br/><br/>Yet suddenly, when the US is now worried about foreigners owning small slices of their companies. This is hypocrisy at its best.<br/><br/>Whether it is about possession of nuclear weapons, human rights or finance the US is the master of hypocrisy. I find it funny that authorities in the US are complaining about sovereign wealth funds.

For decades companies from western countries and in particular the US have ‘imposed’ themselves on other countries. ‘Free market capitalism’ has been pushed by the US and the world bank into all areas in third world countries.

Yet suddenly, when the US is now worried about foreigners owning small slices of their companies. This is hypocrisy at its best.

Whether it is about possession of nuclear weapons, human rights or finance the US is the master of hypocrisy.

]]> By: Yves Smith http://www.nakedcapitalism.com/2008/01/qatar-pursuing-3-billion-investment-in.html#comment-3390 Yves Smith Sun, 27 Jan 2008 11:13:00 +0000 http://www.nakedcapitalism.com/2008/01/qatar-pursuing-3-billion-investment-in-credit-suisse/#comment-3390 Oof, I didn't read the story closely, I was on the phone when putting it up. The perils of multitasking. Thanks for the catch. Oof, I didn’t read the story closely, I was on the phone when putting it up. The perils of multitasking. Thanks for the catch.

]]> By: Reino Ruusu http://www.nakedcapitalism.com/2008/01/qatar-pursuing-3-billion-investment-in.html#comment-3389 Reino Ruusu Sun, 27 Jan 2008 11:02:00 +0000 http://www.nakedcapitalism.com/2008/01/qatar-pursuing-3-billion-investment-in-credit-suisse/#comment-3389 "<i>Then why raise funds at a time when prevailing prices in the industry are depressed?</i>"<br/><br/>The article explicitly stated that this is not about raising funds, but aquiring a part of the existing capital base of Credit Suisse. Credit Suisse is simply seen as a bargain by the Qatar Investment Authority.<br/><br/>Qatar is most probably in negotiations with a capital-impaired third party on buying a big chunk of Credit Suisse at a discount to the market price. This is to prevent further collapse of market valuations by a forced liquidation. “Then why raise funds at a time when prevailing prices in the industry are depressed?“

The article explicitly stated that this is not about raising funds, but aquiring a part of the existing capital base of Credit Suisse. Credit Suisse is simply seen as a bargain by the Qatar Investment Authority.

Qatar is most probably in negotiations with a capital-impaired third party on buying a big chunk of Credit Suisse at a discount to the market price. This is to prevent further collapse of market valuations by a forced liquidation.

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