Reply To: IAG a House of Cards?

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BigDog.
Participant

Walsh was reckless to say the least pushing ahead with the IB merger, enriching himself in the process at significant cost to BA stakeholders. the little man of questionable intellect trusting his own beliefs that the dire Spanish situation was merely “perceived”. In reality it goes from bad to worse….

http://blogs.telegraph.co.uk/finance/jeremywarner/100024476/spain-is-officially-insolvent-get-your-money-out-while-you-still-can/

Even if Al Baker saves Walsh’s bacon in the short term, the long term systemic issues Spain and Iberia face will be a huge financial drain for years. If Walsh looks elsewhere to raise much needed funds, as his earlier attempt at a bond issue failed, then Al Baker could bring further financial influence to bear which will lead to …. the wolf taking a seat at the table?

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