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Will it be 'too big to fail' again?
債務重整, 削髮, 債轉股, 政府入股, 話唔埋會死而復生噃.
669 可能出事??仲派到3個仙,真擔心...咩... 咩... 咩...
I just think it more depends on how happy(hyper) the investors are, instead of how healthy the institution being invested are.It's almost like these people lost a right arm and got so upset, but later some 'savior' offer to saw off their left leg and put it where the right arm was. And these people miraculously become all happy(hyper) again as if everything is just going great.I really don't think most investors are irrational. I think they're insane. Maybe insanely happy, maybe happily insane, maybe both.
but already those GM paper priced in, which assumed investor expected this. Compare the moment in Sept 08, people were expecting Bush admin will bailout LEH.