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740 Park Resident Angry That Other Members of Firm Also Greedy
Submitted by Tyler Durden on 01/14/2009 18:34 -0400Message from Steve Schwarzman
Issued: January 13, 2009
I am both saddened and outraged to have to tell you that the SEC has brought a civil complaint today against Ramesh Chakrapani in our Corporate Advisory Services Group, charging him with passing on inside information three years ago about a pending transaction on which he worked as a 30 year old vice president.
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Turkey Central Bank Rate Cut To 13%
Submitted by Tyler Durden on 01/15/2009 18:02 -0400Now that's some aggressive rate cutting
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Private Equity to Sift For Cement Shoes
Submitted by Tyler Durden on 01/16/2009 01:47 -0400
The Wall Street Journal reports that HeidelbergCement, whose CDS jumped by about 300 bps since when we wrote about the brewing troubles at the German cement maker, may be bailed out by Goldman Sachs and TPG who are allegedly considering buying
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Wall Street's diarrhea shi(f)ting to Park Street er... Avenue
Submitted by Tyler Durden on 01/09/2009 22:00 -0400
One can follow the daily creation and destruction of wealth simply by looking at the constantly shifting landscape in New York. Could Ezra Merkin's recent fall from grace, from the top of GMAC, and potentially from duplex 6/7B spell some days of uncertainty in this otherwise inperturbable bastion of high money, 740 Park.
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I've got a stomachful of Xanax. I took what was left of a bottle. It might have been too much.
Submitted by Tyler Durden on 01/12/2009 15:22 -0400
You can't make this shit up. All you Hollywood agents scouring under the skirts of Daily Grill waitresses for your next script look no further (I will merely accept a firm virtual handshake and advance rights for my upcoming book), and all you employed sales people, here is a brilliant idea for how to bring your career to new heights...
Just as All The Media Choppers Vacate Midtown...
Submitted by Tyler Durden on 01/12/2009 23:54 -0400BN 17:55 *U.S. GOVERNMENT SAYS IT WILL APPEAL MADOFF BAIL RULING
Time to refuel the Embraer
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Bulumics Can Not Save Fake Sugar from Chapter 11
Submitted by Tyler Durden on 01/09/2009 23:06 -0400
If only sugar free meant debt free... In sweet vindication for fat people everywhere, Merisant today filed for bankruptcy. The maker of Equal and Canderel fake sugar sought Chapter 11 protection. The Pegasus Capital portfolio company (hm...
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I've got a stomachful of Xanax. I took what was left of a bottle. It might have been too much.
Submitted by Tyler Durden on 01/12/2009 15:22 -0400
You can't make this shit up. All you Hollywood agents scouring under the skirts of Daily Grill waitresses for your next script look no further (I will merely accept a firm virtual handshake and advance rights for my upcoming book), and all you employed sales people, here is a brilliant idea for how to bring your career to new heights...
Nortel Bondholders Biting Their Nails
Submitted by Tyler Durden on 01/13/2009 01:09 -0400As we reported on January 9, the likelihood of a Nortel bankrtupcy filing this coming Wednesday (coupon payment date) is high to quite high. Recent rumors from the underground community had suggested that Huawei was licking its chops at NT's metropolitan ethernet business and would pay up to $1 billion. However, based on reports from forbes and debtwire from earlier today, the deal is dead in the water. Ooops.
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...But Can Lose Even More Weight By Walking There
Submitted by Tyler Durden on 01/09/2009 23:38 -0400
Is Business Week merely slapping the faces of all those investors who in recent weeks bought a slew of follow-on stock issued by airline companies (probably the only companies raising capital in the past few months as $35 barrel/oi
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Show me the mo' money
Submitted by Tyler Durden on 01/12/2009 17:27 -0400BN 11:25 *OBAMA ASKS BUSH TO NOTIFY CONGRESS OF INTENT TO SEEK TARP FUNDS
speaks for itself
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Mad-Cave Blueprints Procured
Submitted by Tyler Durden on 01/13/2009 02:16 -0400Well, it isn't apartment 14A/B in 740 Park, but Bernie's $7 million Guantanamo will make most studio and one bedroom NY dwellers green with unponziated envy.
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Citi Lives the Telecom Dream as Nortel is About to Wake
Submitted by Tyler Durden on 01/10/2009 01:21 -0400
It is good to see that even as the good men leaving the yellow van carrying a straight jacket (specifically outfitted with a bro/manzier for obvious purposes) are climbing up the arduous 59 stor»
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Dead Men Walking in South Beach
Submitted by Tyler Durden on 01/12/2009 17:54 -0400
In what is the greatest annual boondoggle in the hedge fund community, the JP Morgan South Beach Conference, this year held February 2-4 in the Loews Hotel, one should be able to spot some very good leading trends of the credit markets for this year.
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Mad-Cave Blueprints Procured
Submitted by Tyler Durden on 01/13/2009 02:16 -0400Well, it isn't apartment 14A/B in 740 Park, but Bernie's $7 million Guantanamo will make most studio and one bedroom NY dwellers green with unponziated envy.
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- 821 reads