"At the beginning of the dinner," Hatoyama writes, "I presented President Obama with a single blue rose. It was believed impossible to create a blue rose, since roses lack the gene to produce the colour blue. However, a Japanese company spent 14 years in research and finally succeeded in developing the worlds first blue rose. I explained to President Obama how this blue rose, which holds the meaning to accomplish the impossible, was created and said: Let us work together to accomplish the impossible."
Having campaigned against his opponents 50-year policy of spending huge amounts of public money on unneeded public works projects, Hatoyama might have paused to consider whether his anecdote about an expensive and idiosyncratic 14-year project to create a blue flower might best demonstrate his new ethos. "We can accomplish the impossible," it says, leaving the listener to supply the concluding "whether thats a good idea or not."Meanwhile, it occurs to Euromoney, those bankers now working deep within the bowels of investment banks to create the next generation of torturously complex we-made-it-because-we-could structured products have found a fine emblem. Look out for Bluerose CDOs, blowing up around 2023.