That was a contrast from 2011, when the fortress balance sheets and more predictable earnings power of firms like JPMorgan Chase and Wells Fargo drew more buyers.
But even if the AKP's rise to power was eminently predictable, its ability to consolidate its control over just about every organ of governance in Turkey as well as what was once a thriving free press, and change completely Turkey's strategic posture in just seven years was far from inevitable.