We hate to kick a man when he’s down, and on the brink of homelessness, but we haven’t been this grateful for the existence of the internet since we discovered the Cats ‘n Racks section of Cuteoverload.com (hat tip: James Simons). Soon-to-be former yacht/ski lodge owner John Devaney, whose United Capital Markets Asset Management restricted investor withdrawals after some bets didn’t exactly go as planned, booked a 30.4% loss for June, and is expected to match or exceed those losses in July, had some interesting things to say about subprime bonds (of which he is a victim) at the ASF 2007 conference in Las Vegas last February. To wit: “I personally hate subprime—and I’m kind of hoping the whole thing explodes. You are just dancing on the edge of a razor blade. They just fall off a cliff. They are awful investments.” Ah, well. Hindsight—it’s 2/20. (I’ll be here all day—meaning I’ll be here ‘til 1).
Anyhoo, let’s do a poll:
Comments (12)
Leave a comment
You can log in with your account or comment as a guest below.
If anyone happened to catch “Fabulous Life: Wall Street Baller” last night, pretty much half the show was dedicated to this assclown. The other half was dedicated to Jeffrey Epstein, who is also an assclown.
I caught part of it too and all the footage I saw a tribute to this arrogant former yachtsman.
The saddest part of this tragedy is that the Positive Carry was the largest amongst his fleet of yachts.
Lay off Esptein. The bitch set him up.
(Is it wrong that reading his Probable Cause Affidavit excited me?)
http://www.thesmokinggun.com/archive/0726062epstein1.html
doing good today, BL, doing good.
I was thinking that what DB really needs to have is an ongoing running tally of Douchebag of the Year. Leading candidates could have links back to articles enumerating their many crimes against intelligence, taste, ethics, underaged girls, etc.
Also thought it was classic to see this smug beeotch posing beneath a Brooks Brothers banner ad!
Caught the show – Devaney has (had) 10 boats – but one he gave his mom…
Must have been filmed a little while ago – Elizabeth Spiers was on for Dealbreaker….
Good idea, MG. Maybe call it “Douchebag of the Universe” in honor of a certain South Park episode, which also involved a psychic, tho not the masochistic kind.
Devaney should have left the ass biting to Epstein.
That show was hilarious.
Thank goodness he has all those vacation homes in Florida because this guy is gonna need to hide out in the Hells Tate swamp for a while
This Schadenfreude is mean, bitter and unnecessary.
From another NY Post article:
“Known for flaunting his once-extravagant wealth, Devaney had been frequently photographed on the deck of his yacht and was not shy about discussing his ownership of a Gulfstream jet or helicopter. ”
There it is….the key to why this scumbag deserves every bad thing that is happening to him and, hopefully, will happen to him.
FLAUNTING his wealth in the world’s face…wealth made by being an enabler and actually profiting from the sub-prime toxic waste that is ruining so may lives and destroying the integrity of a nation. HA HA HA…as he now joins his sub-prime victims in feeing terrified every day.
With arrogance, narcissism, self-centerness, greed, and conceit now revealed as the central pillars of his character, this glorified loan shark, leech, and bloodsucker now gets what he richly deserves. In my book, John Devaney and the many others like him, are only notch above Miami druglords.
Isn’t is poetic irony that among his 7 mansions that John has listed for sale this week is the $38.5 million one used in the filming of Scarface??