As you likely know, AIG’s headquarters is downtown on Pine Street, just around the corner from South Street Seaport. For the past week or two, the yacht Lone Ranger, owned by Progressive Corporation Chairman Peter Lewis has been docked there, and according to those who track these things, just sailed away going south down the East River about an hour ago. One can only hope that Renwick and some AIG execs are, at this very moment, cruising south of the extradition line. At least someone should escape this carnage and sail off into the sunset.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Brilliant [article]
v e r y s l o w n e w s d a y .
shadesvilllle
We said there warn’t no home like a raft, after all. Other places do seem so cramped up and smothery, but a raft don’t. You feel mighty free and easy and comfortable on a raft.
If you’re headed to Portugal Michael it’s due south.
portugal due south – what?
Ha ha…that was a needed laugh on a dismal day.
Ha ha–that was a needed laugh on a dismal day.
Theres a few tenders on board in case you really need to get away, they must be very very well prepared for such contingencies
It’s an illusion Michael, a trick is something a whore does for money…or cocaine.
Paraguay is indeed lovely at this time of the year. Nice weather, gorgeous girls and a stable economy w/ no failing banks and stable exchange rates. You can buy a lovely house for less than $150,000 and easily get by with less than $3000 a month. No wonder its considered one of the most affordable cities in the world.
Failed wall street execs are not welcome – we do have extradition treaties with the U.S.
- Proud Paraguayan reader of Dealbreaker
P.S.: The government is potentially looking for smart Wall Street banks interested in renegotiating /restructuring the $10-$20 billion debt load of the Itaipu Binational Hydrolectric Dam. Bear Stearns and Merril Lynch were once interested in doing so. (I’m serious!)
Paraguay is indeed lovely at this time of the year. Nice weather, gorgeous girls and a stable economy w/ no failing banks and stable exchange rates. You can buy a lovely house for less than $150,000 and easily get by with less than $3000 a month. No wonder its considered one of the most affordable cities in the world.
Failed wall street execs are not welcome – we do have extradition treaties with the U.S.
- Proud Paraguayan reader of Dealbreaker
P.S.: The government is potentially looking for smart Wall Street banks interested in renegotiating /restructuring the $10-$20 billion debt load of the Itaipu Binational Hydrolectric Dam. Bear Stearns and Merril Lynch were once interested in doing so. (I’m serious!)
And it can circle the globe without refueling:
http://www.yachtworld.com/boats/1866292/0
You’re Paraguayan and refer to Paraguay as a city?
You’ve just earned honorary American citizenship for that display of profound stupidity.
@#14…
Why is the turd Renwick selling Lone Ranger now? Things not going well for him?
The Guy from Delaware
Paraguay is landlocked.
Portugaul, down south america way
Paraguay is landlocked.
@5 Huckleberry Finn?
@14 great link!
did you see the remark at the end?
“Not for sale to US residents while in US waters.”
What the hell does that mean?
a) It’s now about to leave US waters, so any potential US buyers just hold your feets.
b) All currencies except $ accepted?
- old europe -
@15… you have delivered the line of the day.
@21… You don’t have to pay state sales tax if you sign the papers in international waters.
@15 – You sure have a stick up your ass for being so anal about little omissions.
I meant to say: “You can buy a lovely house [in Asuncion] for less than $150,00…” Asuncion, the capital, has been ranked as one of the most affordable cities in the world by Mercer Management Consulting.
Of course, as an American you could not have fathomed to imagine I was referring to Asuncion, since you can barely recall the capital cities of your neighboring countries. Stupidity goes both ways apparently, and no thanks, you can keep the citizenship.
@17 – Yes, Paraguay is landlocked, but there is such a thing called the Paraguay and Parana rivers which allow you to navigate from the Atlantic Ocean, all the way north into the Port of Asuncion in Paraguay. Just because a country is landlocked doesn’t mean they don’t have access to the sea through navigable rivers.
@24… no one cares. Paraguay is a speedbump on the way to Argentina.
@24
So Asuncion is like Houston, then, but without hurricanes?
-Andrew
“…since you can barely recall the capital cities of your neighboring countries.”
Fail again. The US isn’t a neighboring country of Paraguay. I know you wish it were – then you could sneak over the border.
0 for 2 Einstein.
@24
Sure, easy to sail up to Asuncion. Just about 500 miles upriver, and pay no attention to the terrorists / drug & arms dealers / human trafficking / money launderers etc. associated human scum you may come into contact with who are on their way to the infamous tri-border region.
But maybe that’s just Uncle Roberto’s business, to you. And perhaps that’s why your dirty little capitol is so cheap.
Also, at no time did anyone say anything about a city. The post is about the country.
Before you continue disparaging Americans over their lack of geographic knowledge, keep in mind there are 50 states. We only pay attention to countries that AT LEAST have a GDP equivalent to California.
@24
Sure, easy to sail up to Asuncion. Just about 500 miles upriver, and pay no attention to the terrorists / drug & arms dealers / human trafficking / money launderers etc. associated human scum you may come into contact with who are on their way to the infamous tri-border region.
But maybe that’s just Uncle Roberto’s business, to you. And perhaps that’s why your dirty little capitol is so cheap.
Also, at no time did anyone say anything about a city. The post is about the country.
Before you continue disparaging Americans over their lack of geographic knowledge, keep in mind there are 50 states. We only pay attention to countries that AT LEAST have a GDP equivalent to California.
Ms. Lewin — as a supposed “journalist”, you should make sure you have your facts straight. The Lone Ranger is owned by Progressive Chairman Peter Lewis, not CEO Glenn Renwick.
@30
I am confident that many DB readers grateful for your correction.
Doesn’t change the facts though. And Bess’ name is Levin, not Lewin.
And, man, are these tricky times for you guys. I wouldn’ post if I were you as they may seize your servers.
@25 – Proof of Geographical Idiocy #1: Argentina precedes Paraguay, if we are talking about taking a ship upriver.
@26 – Never been to Houston, but yes, I’ve heard similar comparisons, especially due to weather and the attitude of the people. Its all very similar to Santa Cruz, Bolivia.
@27 – Proof of Geographical Idiocy #2: Of course Paraguay isn’t a neighboring country to the US. I was referring to a research study where it was found that a majority of Americans couldn’t recall the name (and capital cities) of the two neighboring countries to the US. Hm, can you?
@28 – Proof of Geographic Idiocy #3: The tri-border region is far away from the Parana-Paraguay navigation route this hypothetical yacht would take. I would not bat an eye to navigate these rivers, since billion$ in soy and agricultural exports do so every year. Just because its a developing country doesn’t mean its waterways are as dangerous as Somalia’s and the Malacca straights. Stop daydreaming of being Sinbad the Sailor.
Asuncion is a jewel that is affordable because it has not been over-run by dumb-ass American tourists and investors who are always late to the party, as they were in Buenos Aires and Costa Rica, just to give an example. Europeans know how to spot value, because they know a little more about the world, and geography for the matter. They’re going to cash in…
America’s ignorance of the rest of the world is just another proof of the impending doom of the American era….when you have presidential candidates like John McCain saying that
Iraq and Pakistan share borders…you’re in a world of pain.
I’m off to dump some dollars….
@32
Check out how your jewel fares in the latest OSAC report
http://asuncion.osac.gov/Reports/report.cfm?contentID=65130
Select tidbits include:
In early 2007, the Paraguayan Ministry of Health issued an epidemiological warning due to the outbreak of Dengue Fever in Paraguay. Dengue Fever, a viral disease transmitted by mosquitoes, is present in both urban and rural areas.
Drivers throughout Paraguay routinely ignore traffic regulations and many Paraguayans drive without any insurance coverage. Furthermore, most urban streets consist of cobblestones over dirt.
As for geographical idiocy, how “far away” is the effect of the tri-border region from the city? Oh, I forgot that there’s a 30-foot wall surrounding it.
Yeah, real jewel. How’s your boyfriend liking his cubic zirconia?
To the Paraguayan friend,
Is it true Bush bought about 100,000 acres there. Something about no extraditions possible.
@33 – No biggie, you can always get a yellow fever vaccine and these were given out freely.
Reckless driving hampers your quality of life? Oh no, please move to South Dakota where the insurance premiums are the lowest in the U.S. With a big car and expert (affordable) chauffeurs, you can always get by anywhere in Paraguay. We’ve got plenty of paved roads where you need them. Asuncion ain’t Managua, for those who know what I mean.
The triple frontier’s problems do not foster high-seas or river piracy as you have implied. Yeah, there’s some drug/gun/contraband smuggling, as in any part of the world, including the U.S., but if you are not directly involved, it does not hamper your quality of life
Paraguay is an undervalued asset for those who know how to live and manage risk, and for anybody who likes working hard and paying no income taxes. (Oh, did I mention that, yeah no income taxes.) The country ain’t no dreamland either, but its definitely worth living in. For those who want to retire here and maximize the bang for their buck, its a no brainer.
@34 – There have been rumors about that, and there might be a degree of truth about them. I wouldn’t be surprised if Bush or the Carlyle Group or someone associated with Bush has bought land in the Chaco region. Its definitely a good investment right now, since the price of land has skyrocketed due to commodity prices. Uruguayans and Argentinian investors regularly hire helicopters and planes to fly over land they’re interested in buying and land prices have doubled/tripled in some areas.
Re: extradition, I highly doubt Bush would exile himself in Paraguay. We don’t like former presidents/dictators…look at what happened to Somoza