Monday, December 29, 2008

How the Royal bank rakes in the money

I read the news and still have the picture of world economies in depression and stock markets in shambles. Here in Attland I have hard time relating to these news, since the national economy is growing according to a controlled, braked speed.

The situation is undeniable rosy at the Koborg Corporation and its Koborg Bank. Ever since the Queen divested Koborg of broadcasting and oil production, and privatized completely the corporation, she has used a very conservative management strategy. The Koborg Bank is famous for an extremely minimal involvement in stock markets. The Queen employs teams of experts in NYC, London, Tokyo, at the Koborg Bank headquarters right outside and east of Kingstad, and at her palace's business offices, and these teams are the ones that keep steering the Koborg's corporate and banking investments in options, futures and forex trading.

There isn't much to be made in forex now, given the average investor's lack of information on real-time trends of major currencies. However, given the combined expertise of the Queen's teams, and the amassed volume of US Dollars, euro, Swiss frank, yen, and lively gold trade she still manages to come out making profit, during these very times when the leading billionaires and investment gurus (Warren Buffet) are losing money.

Another indication is the scores of foreign bankers and investment managers who have come to Miklasgard, almost cold turkey, to cajole anyone at Koborg to entertain the idea of investing in yet another short or long opportunity.

Koborg Bank, meanwhile, does not budge from the business formula that the Queen has developed since her space trip. The Bank deals only in underwriting, insuring, and managing bond issues, options, and, most lucratively, insuring central bank deposits of many countries (which is an uncomfortable competition to the IMF and World Bank), as well as retirement funds.

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