Yesterday I was told that Cap Cana had to lay off 600 employees due to the fact that financing was done through Lehman Bros. Anybody know anything about this?
I heard about the layoffs, but not the reason. The person we spoke to said 3,000 which sounded like a wild exaggeration. Even 600 is startling.
Hmmmm, I smell an upcoming fire sale in a very nice part of the country.
Crisis EEUU impide a empresas RD acudir a mercado de capital:
Economista cita a AES, Itabo, Cap Cana, y Metro Country Club
Equally disturbing is the rumor that bank deposits in U.S. dollars in DR were deposited in Wachovia Bank. Wachovia accordingly had a very close relationship with our banks. Any comments?
Golo
Hmmmm, I smell an upcoming fire sale in a very nice part of the country.
Equally disturbing is the rumor that bank deposits in U.S. dollars in DR were deposited in Wachovia Bank. Wachovia accordingly had a very close relationship with our banks. Any comments?
Golo
and such has nothing to do with a world crisis in economies. Mike[/QUOTE said:This IS exactly the world crisis in economies. Several ultra-high level crooks (call them private-government investment conglomerates) have taken the whole bunch of banks/funds and investors big time. Now no more trust. No one wants to take risk and to give credit in fear of being taken again. Like they did to you and you now smart and want money upfront.
Now they need to wait several years until the public forgets the pain from the loss and to do it again.
Those nice guys who really own Goldman Sux will keep do it again and again.
So, your individual case is a prime small scale example of the global financial/trust problem. Same con artists but on government level of "globalization".
Alles Gute!