Pass the Profit! These Toxic Assets are Tasty!

August 20, 2009
mkroloff

Mark Kroloff, ASRC Chief Operating Officer

Why on Planet Earth, would any sane entity be willing to invest or trade in Toxic Assets?

This becomes especially curious when you consider that the institutions that are currently saddled with them still have them on their books.  If the troubled assets were such a hot item, then they would sell like hotcakes.  Pardon the idiom.

Investing in ‘junk’ only makes sense, if you can find a clear way to make a handsome profit.  It appears Mark Kroloff is betting that the relationship that helped him make almost a billion dollars in profit, will do it again.

Deutsche Telekom was the big loser when Mark Kroloff and CIRI won big last time.  But this time, the big losers will be the American Taxpayer unless the US Government steps in to protect them.


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