Captains Courageous

capitani coraggiosi.jpg

I've decided to be a Captain Courageous, one who if offered a big state enterprise by the Head of the Government, buys it using a loan from the banks.
The debt is then off-loaded into the company and later on, the company is sold, money is gained, namely the added value.

I've got courage and I want to ask this Government to sell me its share in ENI and I'm also asking Banca Intesa, Unicredit and San Paolo IMI to lend me the money to do this.

They can’t refuse.
Everyone’s doing it.
The Captains Courageous have done it with the sale of Telecom Italia, Tronchetti (the little log) has done it with the re-sale of Telecom Italia.
Why not me?

Italy is the land of navigators, saints and other things that I forget, but also of capitalists without capital as written in Newsweek.

Capitalists without any money who buy companies loading them with debts, then to recover from the indebtedness, make no investments, thinking only of the spot value of the shares in the market, sell the company piece-meal to get the results, when they have gained enough, they hand over what’s left.

OK, I believe that I can be a captain courageous, no problem.
The only thing I need now is a “dalemino” (hint: little D'Alema).

Posted by Beppe Grillo at 07:55 PM in | Comments (2)
Post a comment | Sign up | Send to a friend | | GrilloNews | TrackBack (0) |
View blog opinions



Comments

I answer spontaneuosly and I think that depends upon the capitalism system which was chosen in Italy long time ago. Our republican system is based on loans. As far as I concern BOT and others similar tools are the proove. How many italians like buying BOT's? So, if a Democratic System is based on loans why not single individuals? Normally a bank provides with money when is demonstraed an interesting NPV (Net Present Value) of the investment presented. I should say, even though I don't support our Prime Ministre's actions, that the investment proposed by Fininvest (to repay its loan) was and is more interesting than that one proposed by Dalemino.....for its boat!!!

Posted by: Stefano Ferri | January 14, 2006 01:36 PM


Dear Mr. Grillo
Mr Berlusconi, too,has received a lot of money from the italians banks during the period from 1985 to 1994.
At 31/03/1994 the quarterly Banca D´Italia´s report ( Centrale dei Rischi) highlichted 4.800 billion of Lira ( 2.4 billion €)of granted loans to Fininvest (the mother of Mediaset), utilized for 4.980 billion Lira. I see personally this document because I was working in an Italian bank and I had the possibility to "explore" the consolidated balance -sheet of Fininvest with the conclusion that a so big amount of loans was very excessive and out of the normal banking-rules (political influence or "name lending?)
The suddently change in the financial situation of the new entreprise Mediaset was a miracle or intervention of a big Institution?.
I am waiting the solution of this enigma.
regards.
E.Gioanola

Posted by: eugenio gioanola | January 12, 2006 09:53 PM


Post a comment


Beppe Grillo's Blog is an open space for you to use so that we can come face to face directly. As your comment is published immediately, there's no time for filters to check it out. Thus the Blog's usefulness depends on your cooperation and it makes you the only ones responsible for the content and the resulting outcomes.

Information to be read before using Beppe Grillo's Blog

The following are not allowed:
1. messages without the email address of the sender
2. anonymous messages
3. advertising messages
4. messages containing offensive language
5. messages containing obscene language
6. messages with racist or sexist content
7. messages with content that constitutes a violation of Italian Law (incitement to commit a crime, to violence, libel etc.)

However, the owner of the Blog can delete messages at any moment and for any reason.
The owner of the Blog cannot be held responsible for any messages that may damage the rights of third parties Maximum comment length is 2,000 characters.
If you have any doubts read "How to use the blog".

Post a comment (English please!)


First name and Surname*:

Email Address*:
We remind you that anonymous messages (without real first name and surname) will be cancelled.
URL:


* Compulsory fields



Send to a friend

Send this message to *


Your Email Address *


Message (optional)


* Compulsory fields