The crisis - 10 guys who gained from it

[Andrewz]

The financial crisis won't leave people's mind for a very long period of time. But, these times know people who, similar to the great magician Houdini, were able not only to extricate themselves from the established situation, but also earn some profit from this.
The London Times published the list of these 10 lucky guys:

1. Andrew Lahdne, manager of hedge fund, located in California, who earned 888% profit in the previous year, when the company Lahde Capital started a game against the American assets on the real-estate and mortgage market. This year, in September, Mr. Lahde earned so much, that he closed totally his business and retired.

2. John Polson, hedge fund manager, New York. In the current year he outwitted Wall Street and earned $2 billion on playing against the securities related to the real-estate market.

3. Barack Obama, the election period concurred with the financial crisis. In the result, Obama blamed the Bush administration for this crisis. Americans are easy to be manipulated and he managed to win the elections, mainly do to declaring a rigurous fight against the crisis.

4. Gordon Brown, UK Prime Minister. A few months ago he was on the blade of the knife, while now he is taken as the hero - the bank saver.

5. Ronald McDonald. While many restaurant networks are closing due to insolvency, the fast food McDonald's don't manage to count their revenues. This year, McDonald's registered an increase of 2 million costumers monthly in comparison to the previous year. Besides, due to this growth, the company envisages to open 4 thousand more workplaces.

6. Karl Marx.All the libraries in the world have sold by 300% more books with Karl Marx's ideas. Library owners explain that as follows: "We have a new generation of readers who were shocked by the financial crisis and who are obliged to admit that the neoliberalism is a false dream".

7. Jamie Dimon, Executive Director of JPMorgan Chase. With over $900 billion deposits, JP Morgan Chase is currently the biggest American bank after it purchased Bear Stearns and Washington Mutual. On the background of the crisis, the company personnel, including Dimon, has received a $1.15 billion bonus, and are expected to get more by the Christmas. Moreover, Jamie Dimon will become the Minister of Finance in the USA.

8. Lawyers of the juridical office Magic Circle, who's desks are full of lawsuits documents such as Clifford Chance, Linklaters and Allen&Overy after after Lehman Brothers went bankrupt. Now certain lawyers want about $1.5 thousand per hour for consulting on the issue of bankruptcy, insolvency and payment restructuring.

9. Emily Botin, representatives of the Spanish bank Santander. This bank gained on bank business and not on mortgage and due to firm position and attitude towards "exotic" investments. It is now one of the five biggest banks in the world.

10. Bart Beht, CEO of Reckitt Benckiser. It's the largest producer of cleaning agents (including Cilitbang) earned profits of $600 million. Obviously, the success is due to the fact nobody can leave the dishes unwashed.

[willyoumind]

Maybe you're right about the Obama, and he probably won't be elected, if Bush didn't fail his duty to help US out from the financial crisis...

[Steven]

True, the crisis helped Obama win elections. But, I see many barriers that started to hinder him. For example, two persons from his administration left his team, because of this he may have serious deviations from envisaged actions.

[Steven]

The crisis is an opportunity for innovations. Namely these periods make people start acting and doing something. This is the time for new discoveries, traditional business is dying slowly.

[Terry]

Just take a look at what Nokia's CEO says, and take example "We will profit from the crisis. Our market position and size, our power to invest, global presence and strong brand make that very likely,"

[Benn]

McDonald's indeed registered rise in sales, however it might lose from increasing prices for ingredients. If beef rises in price, this may significantly hit McDonald's because their main products are made of beef.

[Steven]

I guess poor countries benefit from crisis, as they have little or almost nothing to lose. They are not so globalized as developed countries, and thus the banking system is not dependent on the American or European banks.

[Benn]

From what I know, the furniture industry has registered rise in their sales. Manager of a great European company said that during crisis, people want to feel comfortable at home, and that's why the demand for good furniture will never go down.

[Peach]

[quote="Steven"]
I guess poor countries benefit from crisis, as they have little or almost nothing to lose. They are not so globalized as developed countries, and thus the banking system is not dependent on the American or European banks.

all poor countries depend on U.S. or Europe because they have certainly received help from them! how poor is a country is impossible not to have any external links! once the country of which depends has been affected the second was affected to! There is no country in the world that does not depend on anyone! all were affected and not think anyone has had any benefit! may have suffered less in comparison with others!