The European banking system is in worse condition than America's banks were in 2008 or are now. Dexia is single bank needing a $238.9 billion infusion.
Asher Edelman is an art financier. He began his career on Wall Street in 1961, where he worked in investment banking, money management, and derivatives trading (serving as CEO of Mack, Bushnell and Edelman). The Wall Street Journal calls him “the pioneer of the leveraged buyout.” In the 1980s Edelman taught a class for business majors based on The Art of War at Columbia Business School.
Edelman lived in Switzerland, where he founded a contemporary art museum near Lausanne. In 2001, he returned to the U.S. and opened an art dealership specializing in Impressionism-post war art as well as contemporary artists. In 2008, he opened a second gallery, Edelman Arts.
Since 2010, Edelman has been the founder and president of ArtAssure Ltd., an art finance company offering client advisory services, auction guarantees, deal advocacy and interim financing. For archival information visit www.artassureltd.com or write to firstname.lastname@example.org.