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Reading Time: 1 minuteRolling my eyes….. This so reminds me of the Mike Judge’s movie Idiocracy.
IndyMac Depositors Line Up To Get Their Money
Reading Time: 2 minutesIn a modern financial system, nothing is more frightening than a run on the bank. – Tom Petruno, “When faith is frayed”, July 12, 2008, LA Times As most of you know by now, the Federal Government closed and siezed…
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Reading Time: 2 minutesSpineless adj.: without moral force, resolution or courage Denial n.: a defense mechanism characterized by refusal to acknowledge painful realities, thoughts or feelings It was just brought to my attention that David Lereah, former Chief Economist of the National Association of Realtors,…
The New King of Wall Street
Reading Time: 3 minutes“You don’t understand what drives him. Money is the measuring stick.” – Arline Schwarzman (subscription required), Mother of Steve Schwarzman, on the subject of Blackstone’s IPO A few months ago Fortune ran a magazine cover with the picture of Steve Schwarzman,…
Revisiting 2007’s Hedge Fund And Private Equity IPOs
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