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Max Keiser predicted the EMI story

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Uploaded on Dec 12, 2008

January 2008, Max Keiser predicted Guy Hands would lose money on his EMI deal.

Today: http://tinyurl.com/643pbu

Guy Hands says, "It's very simple, both Citigroup and ourselves were about two months too late, it was incredibly unfortunate timing, some people would say bad timing, but the reality is if either Citigroup or ourselves could have guessed where the markets were going to head we'd have been geniuses and have made a fortune, the reality is that sitting in May 2007, which is when we committed to the deal, it didn't close legally until the end of September, but sitting there in May 2007, the world looked a very cheerful place," says Hands.

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