JRinger Posted May 4, 2007 Share Posted May 4, 2007 BANGKOK - Soon after Thailand's military seized power last year in a bloodless coup, the Thai Military Bank (TMB) started to bleed cash. Now, the military-affiliated bank's dubious plan to raise US$1 billion in new capital threatens to set off new bouts of political and financial chaos. http://atimes.com/atimes/Southeast_Asia/IE04Ae01.html Link to comment Share on other sites More sharing options...
sonicdragon Posted May 4, 2007 Share Posted May 4, 2007 Most state-owned banks throughout the world have a history of underperforming their private-sector peers. Link to comment Share on other sites More sharing options...
Mid Posted May 4, 2007 Share Posted May 4, 2007 That track record will raise red flags with potential overseas investors for the new offering, and if, as many Bangkok-based banking analysts expect, it goes highly undersubscribed, the Ministry of Finance will likely - and because of its current military affiliation, controversially - be called on to use public funds to mop up the excess shares. the more things change the more they stay the same , rather than attempt to arrest the head long rush into the down wards spiral , they appear to have the foot firmly on the accelerator .............. Link to comment Share on other sites More sharing options...
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