'So who am I supposed to feel bad for?' Well Said! Mega Rich losing a portion of the wealth.......who cares?
Isn't the change of mark to market rules for level 3 assets also a "fraudulent misrepresentation" or is it "legalized" by FASB ?
ah ah, ADIA was so proud at the time to own a piece of Amercian capitalism... Now they look like fools and instead of taking it like a man, they whine and whine. They knew what they were getting into. Too bad for them if they were stupid enough to enter the deal. If you have any honour, you honour your obligations.
Ross, Ross, you still there? who told you to buy these real estate funds and who told you private equity is a good investment? Ross, you fucking with me. I shall get you stoned. Seriously, ADIA should watch out. The Americans don't like traitors (whether actual or fabricated). If you don't play by the rules, you're gonna feel the stick.