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Morgan decides to bail on tokyo

April 18, 2011

If there is and doubt that things in Japan really aren’t that bad – this squashes it.

Morgan didn’t really “default” in the typically sense that they couldn’t pay. It was they the didn’t WANT to pay and they are screwing the likes of blackstone, too. It’s an interesting precedent they are setting here – I don’t think it’s going to affect their international credit score.

You know they have all the information in the world re: radiation. That info told them to get out, and get out at any cost.


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