Saturday, February 26, 2011

Libyan Assets in London (Australian)

The Australian has a story about the movement of Libyan assets into London.  Claim is made the Gaddafi as as much as $10B in London.  The transaction in question is from a Swiss intermediary to London private wealth managers.  The UK government has committed to finding and securing assets.  So how do these two claims mesh - timing is everything.  I hope they can get their timing right.  To walk off into the sunset with several billion to make sure you are comfortable should not be the end game to these current events.

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