Was Washington Mutual. It caused them no end of trouble.
Barclays has one.
Implication - either Abu Dubai waives the clause or it is confiscation for Barclays.
If I were Abu Dubai I would be waiving the clause NOW.
But then I was not long Barclays - unlike SMFG who put almost 700 billion yen in only a little while ago. (Hey what is 700 billion yen between friends?)
Thursday, January 22, 2009
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