RE: SOUTH KOREANS

A corporation-heading FBvian weighs in on the Lone Star Funds fiasco:

Saw your posting…regardiung Lone Star Funds–but was distressed that this development has been publicized in a straightforward manner and without critical commentary.

Put plainly, what is occurring to Lone Star Funds in Korea is almost certainly not a function of criminal activity but rather politically-motivated reaction to the success of Lone Star in regard to their private investments there.

The success of Lone Star in Korea–which absolutely echoes the earlier success of Ripplewood Holdings with regard to similar work in the Japanese market–has collided with xenophobic and statist sentiment in the Korean business/governmental sector: the question being, how can these Americans be making so much money from Korean companies?

While the bare-knuckle puglistic stylings of Lone Star has probably not helped its case in this arena, my take on the situation is that the Korean ruling elite–resulting mainly from national feelings of embarassment–is looking to turn some savvy and nimble local investors into international felons.

RE: SOUTH KOREANS

For no other reason than he is a friend, I bring you news that Big Bob “That’s Robert to You” Wilonsky had the item on Lone Star Funds first.