The Oligarch Rescue Plan
Source: http://www.robertamsterdam.com/2008/10/the_oligarch_rescue_plan.htmPosted on Tuesday, October 14th, 2008 | In Russia
Contributed by: Robert Amsterdam (http://www.robertamsterdam.com/) -
The Financial Times is running a story tonight about an $87 billion bailout plan by the Russian government to ease the fall of some of the country’s most wealthy and overleveraged men – allowing the government enormous power to determine the winners and losers of the financial crisis.
It occurs to me that there is only one (former) oligarch who needs rescuing – and he is the only one whose rescue is proven to boost the stock markets. Liquidity may be short in Russia this month, but irony is not. More details from the report after the cut.
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 About Robert Amsterdam (http://www.robertamsterdam.com/)
Robert Amsterdam is a lawyer and an advocate for rule of law. His blog was created to express views which may stimulate debate and discussion on topics of international interest. Robert believes that we live in a world of unchallenged impunity, and he views his blog as merely a small attempt to shine a light on issues he views as important in countries with which he is engaged. He make no apologies or pretense of objectivity - he is merely stating his opinions. |
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