Tuesday, September 23, 2008

Lord Patel: Waiting for the next shoe to drop....

you Know, I'm not a big blog reader, but occasionally I venture over to check out what Postman Patel is digging up. and I'm always glad I made the trip.

here is an bit from his latest post:

Just wait for the next wave, the next shoe to drop when GM and Ford come to Washington with the begging bowl .. when Boeing who have a monster strike brewing and can't get the Dreamliner aloft , who have half lost the Air Force tanker deal start knocking on the Treasury door....

Incidentally Boeing's biggest customer , who has US$19 Bn of orders with Boeing is International Lease Finance Corp (ILFC) a wholly owned subsidiary of troubled AIG. Chairman Steven Udvar-Hazy, is looking to buy it out of AIG... but needs the money ..say US$8Bn.