Adolf Merckle, Like Some Financial Crisis Jack Bauer,
Has Just 24 Hours To Find The Cash To Save VEM

post from BAD IDEA magazine on 01 December 2008 07:23:52 AM. © BAD IDEA magazine

Adolf Merckle, he of disastrous short-selling of Volkswagen shares and German cement fame, is rushing around trying to find some coins down the back of the sofa so that his investment company and family business, VEM, doesn’t fail. He’s only got til tomorrow morning! How exciting!

With consummate German efficiency, WEM issued a three-word statement today: “Negotiations are continuing”. From that we can deduce they haven’t got any money, and whoever’s going to give them some is playing hardball, considering negotiations have been going on since the 20th, when Merckle had to give banks guarantees from his personal fortune after VEM stock…MORE »

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http://www.badidea.co.uk/2008/12/adolf-merckle-like-some-financial-crisis-jack-ba
uer-has-just-24-hours-to-find-the-cash-to-save-vem/