rio tinto iron ore sales team arrestd in china, page-72

Politics everywhere in this one imo. RIO recklessly borrowed at the height of the financial bubble, looked death in the eyes in the depths of the credit crisis and went blubbing to Chinalco (deep pockets) to buy themselves time and thus avoid the executioner. Once the storm had passed they cynically pissed Chinalco off and ran as hard as they could into the arms of their once hated rival BHP. Meanwhile our own Feds stunned us all when they put party politics ahead of all else and invented a unique no-foreigners rule to piss of Minmetals and their bid for OZL.

Sure, this outrageous attack on RIO execs would not have happened if the Chinalco deal had gone through - but no-one would have lost face had that happened. The world's a mess and getting messier imo - the hands of the clock are getting close to "head for the hills" time.