KEB Lone Star continue to draw media attention. In fact, it has long been a lightning rod for controversy.
I'll soon post an audio of my recent TBS eFM interview on issues surrounding Lone Star and KEB.
That said, one dimension to the controversy is---Does Lone Star warrant the huge payoff ? Maybe...
1) they did turn KEB into a hugely success bank.
2) if there had never been issues that tied up KEB Lone Star in the courts, Lone Star would have preferred to sell their holdings in 2006 and in subsequent aborted deals. Ironically being forced to hold on the FEB, Lone Star will reap even more gains.
Comments and / or questions?