Ah yes, I'm getting it now.
Risky... very risky.
Turning a company around is not my strong suit:-) As such, I'd love to give this plan a whirl. You can be the plan mastermind.
As I mentioned before, I'll try and dig up some banking industry info for you tonight- I can also look into the consumer goods industry. From there we can start focusing on individual banks/companies for deeper research.
BUT, for now I'd like to focus on the slightly less ambitious project initiated by Spartan; the one focused on buying into the auto industry, possibly Toyota.
Assuming we walk away from the initiative with wealth beyond our dreams (or at least not broke), then we can follow through with your (what I'll call) 'Bank, Dummy, Bond' plan.
A Bank for personal financial security, to keep possible losses away from Urist Dorf.
A Dummy consumer goods company to buy into with the bank, and buy Bonds of personally.
Quick future planning question, I assume we would have the bank sell the consumer goods company once we turn it around and profit with our personal self? Then we can repeat the process?
Also, I'd suggest we establish an actual holdings company to buy the bonds with, rather than doing them with our personal portfolio. This will further protect us from losses (should be get too adventurous). We can be sure to own 100% of the holdings co- but I think the holding company would be useful as it will keep taxes down when we sell the bonds. In the long run, the decreased taxes paid by the holding company will be easier on our starter wallet. Sure, we will face a big personal gains tax should we try to sell the holding company or otherwise liquidate it or make an extraordinary dividend, but, that may not be something we ever do anyways.
Along this same idea, I am also hesitant to buy into the bank personally- I'd feel much more comfortable cutting the bank out completely, or buying the bank stock through another holding company.
It may just be me, but I hate having a personal portfolio of anything that I don't own 100%.
Edit: But, also, as I say: You can be the master mind. I'll do as you say once we get around to it.