http://www.opendemocracy.net/blog/admin/2008/10/01/unwilling-capitalists Comments for "Unwilling capitalists, Tony Curzon Price " en http://www.opendemocracy.net/blog/admin/2008/10/01/unwilling-capitalists#comment-476741 <p>Professor Buiter replied agreeing that the deal was little soft on existing shareholders.</p> <p>Tony</p> Wed, 01 Oct 2008 10:44:08 +0000 opendemocracy comment 476741 at http://www.opendemocracy.net http://www.opendemocracy.net/blog/admin/2008/10/01/unwilling-capitalists <p> My note to Willem Buiter on <a href="http://blogs.ft.com/maverecon/2008/09/a-bad-day-for-benelux-banking-a-great-day-for-europe/">his praise of the Fortis &quot;nationalisation&quot;</a>: </p> <p> Dear Professor Buiter,<br /> I agree that Fortis shows that the worry - expressed <a href="http://www.ft.com/cms/s/0/26e9b876-8d8b-11dd-83d5-0000779fd18c.html">just today by Munchau in the FT</a> - that Eu cannot respond in a crisis is wrong. But the outcome of the capital injection seems favourable compared to what would come out of TARP, no? </p> <p> 51% of old shareholdings preserved --- doesn&#39;t this show that a little more transparency to voters in the Benelux might have got them a better deal? </p> <p> Taxpayers are unwilling risk capitalists here, and that should make our representatives negotiate harder for our upside, not less hard.<br /> Best wishes,<br /> Tony </p> http://www.opendemocracy.net/blog/admin/2008/10/01/unwilling-capitalists#comment oD Today Tony Curzon Price Wed, 01 Oct 2008 10:42:00 +0000 admin 46390 at http://www.opendemocracy.net