Escape from Paradise, – A Best Selling Book!

The book’s sensational reviews!

It took me two and a half evenings to complete your un-put-downable book…it is a unique contribution to the appreciation of a life in Singapore. Thank you for having written it.” C. V. Devan Nair, former President of Singapore.

Bought the book from Select this weekend and can’t put it down! It’s a great read! And so nostalgic for me—the good old days! Glen Goei, writer and director of the Miramax film That’s the Way I Like It and who played the title role opposite Anthony Hopkins in the London production of M. Butterfly. Mr. Goei’s latest film is The Blue Mansion – Click for the trailer!

It is a remarkable story and so full of intrigue that it reads at times like fiction.Jonathan Burnham, Editor in Chief & President, Talk Miramax Books.

“It’s quite a story The legendary Alice Mayhew, Vice-President & Editorial Director, Simon & Schuster.

This book out-Dallas, Dallas. No one has written so well of the other side of paradise,Francis T. Seow, former Solicitor General of Singapore

ThunderBall Films is successfully putting together the movie production of Escape from Paradise and has received a new LOI (Letter of Intent) from actress Bai Ling who starred with Richard Gere in the film Red Cross.

Buy the Book!

Escape from Paradise – the Promotional Trailer

Mary Bancroft – Master Spy

“I can’t understand what the f–k you are saying.” The voice came from an elderly lady in the back row of my computer class. It was from Mary Bancroft, a part owner of The Wall Street Journal. She is the author of Autobiography of a Spy and was the woman behind the plot to kill Hitler, the lover of CIA chief, Allen Dulles, the lady who invited me to dinner to meet Woody Allen and, yes, Mary Bancroft was my computer student.

Click to buy: https://amzn.to/2V6MOwC

Copyright

Copyright © 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020 John Harding

How saving AIG drove Chrysler into bankruptcy

Blind leading the blind

Blind leading the blind

AIG forced Chrysler into bankruptcy by selling Credit Default Swap contracts on Chrysler (and GM) bonds.

This explains why the hedge funds did not want to go along with Obama’s proposal that the bondholders accept pennies on the dollar.

With the Credit Default Swaps, the bondholders had their bonds insured at full value.

Why would they take anything less? Let AIG pay the hedge funds and others with taxpayer’s money), one hundred cents on the dollar.

Who would settle for pennies on the dollar, and maybe nothing, when you are fully insured by AIG?

Obama bailed out AIG – so that AIG-insured bondholders would not lose their money. The U.S, government made it perfectly clear that AIG counterparties can expect their Credit Default Swap contracts to be paid out in full at 100 cents on the dollar.

It is this decision of Obama’s to save AIG that has driven Chrysler into bankruptcy. It may well do the same for General Motors.

There's a FIAT in your future?

There's a FIAT in your future? (don't the lights point backwards?)


Obama should not blame the hedge funds, he should blame himself, and Tim Geithner, for not understanding that punishing whiplash called “unintended consequences.”

The effect of the AIG Credit Default Swap contracts on Chrysler is very simple. So simple, in fact, that we should question why the media, not even Fox News, has covered the story.

Maybe the media doesn’t understand the AIG/Chrysler “unintended consequences,” but now you do.

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