Thursday, June 15, 2006
Equity in Iraq? Or any country for that matter
Ok, just thinking aloud here which is always dangerous, but....Iraq needs money to rebuild infrastructure, security, etc. Buta. can not afford to borrow that muchb. as an Islamic nation, the borrowing may be problematic on religious groundsSo, why not sell non-voting equity? Make the payoff some function of future GDP (or even include some lower payoff if violence is high). Then sell these
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