Written by Jimbo123
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Topics: Middle East, Gaza

Sunday, 6 June 2010

image for Goldman Bachs 'Sale and Leaseback' of Gaza Strip
$3,000 big ones!

Global investment banking group Goldman Bachs is involved in a complex financial transaction in which it is to buy the Gaza Strip and lease back the territory at a nominal rent.

Commentators are calling the move groundbreaking, since banks have never been considered able to buy territories or countries before but some critics are concerned there may be alterior motives.

One Goldman alumni commented, "There's no reason why countries can't be traded like big corporations. They've got far bigger 'positions' with Exxon and Walmart than the freehold of Gaza."

When the sale completes, Palestinians are expected to receive a windfall of around $3,000 dollars each with stipulations on how the money can be spent.

However some commentators were concerned that Goldman also has an 'exotic' OTC option with a strike price of $despair giving them the right, but not the obligation, to build where they wish in the somewhat vague 'event' that 'People don't want to live there anymore'.

An investor commented "We hope they'll be good tenants."

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