http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aVD2G_.A8UEc
Saleh and Turan are mentioned here based on our involvement with Russian debt in the past:
“A lot of debtors in 1998 said they’d never touch Russia again, but memory in the bond market is short, so they are all lining up,” said Saleh Daher, the managing director of Boston- based Turan Corp., which owns Russian debt dating back to the Soviet era. “There is a wall of cash looking for investment, in particular in the emerging-market bond world.”
We learned an expensive and painful lesson in 1998 about “too big to fail.” It’s interesting to see how quickly the ocean of liquidity can make people forget.
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