5655Comments (87)http%3A%2F%2Fdealbreaker.com%2F2008%2F10%2Fdamn-it-feels-good-to-have-pinchers-where-hands-should-be%2FDamn+It+Feels+Good+To+Have+Pinchers+Where+Hands+Should+Be2008-10-28+22%3A07%3A29Bess+Levinhttp%3A%2F%2Fwp.dealbreaker.com%2F2008%2F10%2Fdamn-it-feels-good-to-have-pinchers-where-hands-should-be%2F

1. 1
   Posted by guest | October 28, 2008 at 5:28 PM

   Claws! Rawr!

2. 2
   Posted by guest | October 28, 2008 at 5:29 PM

   Second first of the day!

3. 3
   Posted by guest | October 28, 2008 at 5:30 PM

   Doh!

4. 4
   Posted by guest | October 28, 2008 at 5:32 PM

   Have you seen my baseball?

5. 5
   Posted by redpandot | October 28, 2008 at 5:34 PM

   I missed the crab hands. thanks for bringing it back…

6. 6
   Posted by redpandot | October 28, 2008 at 5:37 PM

   I missed the crab hands. thanks for bringing it back…

7. 7
   Posted by guest | October 28, 2008 at 5:37 PM

   and don’t forget to buy some stock in Blackstone (a great way to play the market)!
   Did I mention I got out on top and give a rat’s ass?
   SS

8. 8
   Posted by guest | October 28, 2008 at 5:41 PM

   Schwarzman rules. I faithfully send my resume to Blackstone every 6 months

9. 9
   Posted by bank_teller | October 28, 2008 at 5:48 PM

   is it “pincher” or “pincer”? i never got that.
   excellent post, bess. nice and concise.

10. 10
    Posted by MarshallStack | October 28, 2008 at 5:50 PM

    I faithfully send consume to the Flintstones every 6 minutes.

11. 11
    Posted by guest | October 28, 2008 at 5:51 PM

    Best time for private equity is right before a depression! haha

12. 12
    Posted by guest | October 28, 2008 at 5:54 PM

    too short, didnt read.

13. 13
    Posted by guest | October 28, 2008 at 5:59 PM

    It’s a great time to borrow lots of money to buy companies!!
    > may see “phenomenal” profits once global economic growth resumes.
    When will that be, 2017?

14. 14
    Posted by guest | October 28, 2008 at 6:04 PM

    too 14th, didn’t first

15. 15
    Posted by guest | October 28, 2008 at 6:04 PM

    You were warned yesterday and Friday that spring was startting on wall street.
    Those who paid attention made 15% today on financial EFT (XLF), and 30% on the leverage one.
    ”
    Spring on Wall Street
    http://www.marketwarnings.com/2008/10/spring-on-right-side-of-wall-street.html

16. 16
    Posted by guest | October 28, 2008 at 6:05 PM

    Steve Black Man?… why not an anglo conversion like: Lord Steve Mount Batten?

17. 17
    Posted by guest | October 28, 2008 at 6:11 PM

    “I’m not Robert De Niro, but I’m close to a raging bull on private equity,” Schwarzman said. “
    Classic.

18. 18
    Posted by guest | October 28, 2008 at 6:20 PM

    fortunes will be made in private equity during the credit crisis. fortunes will be lost from lbo’ing companies with already bad balance sheets that couldn’t even generate cash flow at peak margins in ’07.
    clawback for clawhands.

19. 19
    Posted by guest | October 28, 2008 at 6:33 PM

    too 14th, didn’t first

20. 20
    Posted by guest | October 28, 2008 at 6:33 PM

    too 14th, didn’t first

21. 21
    Posted by guest | October 28, 2008 at 7:15 PM

    @19 agreed, but is there anyone lbo-ing now? seems all take-unders.

22. 22
    Posted by guest | October 28, 2008 at 7:45 PM

    Don’t get the Lobster hands. Please explain.

23. 23
    Posted by guest | October 28, 2008 at 8:17 PM

    Completely worthless post of a 3rd-rate piece of BB filler written by a journalism student? (or structuring cow?) (or newly hired ex-Lehman intern?) — whatever, it’s pathetic as the lead off for the EOD blog

24. 24
    Posted by guest | October 28, 2008 at 8:20 PM

    @24- you’re an idiot.

25. 25
    Posted by guest | October 28, 2008 at 8:24 PM

    cocksucker@24- why don’t you take your misplaced (roid)rage elsewhere?

26. 26
    Posted by guest | October 28, 2008 at 9:27 PM

    I agree with 24 – you can always tell a crap post when the only comments coming back are from the jackasses in the peanut gallery

27. 27
    Posted by guest | October 28, 2008 at 9:36 PM

    @2- you’re clearly new here. feel free (obligated) to leave.

28. 28
    Posted by guest | October 28, 2008 at 10:04 PM

    @24 Witch of my posts 1 threw 4 did you not like? Actualy I works at a fish store. I told my boss that the Clown Fish need to merge with salt water in order to survive. He looked at me weird like I was a fish out of water. By chance do you have a hot sister?
    SPODE

29. 29
    Posted by guest | October 28, 2008 at 10:08 PM

    i meant @24
    -28

30. 30
    Posted by guest | October 28, 2008 at 10:16 PM

    clumsy jackass

31. 31
    Posted by guest | October 28, 2008 at 10:28 PM

    @27 Why would non jackasses be in the peanut gallery to begin with?

32. 32
    Posted by guest | October 28, 2008 at 10:31 PM

    Thanks to Dealbreaker, I’m now a fucking big roller on Betonmarkets.
    Fuck yeah exotic bets!

33. 33
    Posted by guest | October 28, 2008 at 11:27 PM

    @22 the only ones doing the LBOing are the asians, and their damn SWF’s (or did, I don’t even hear much about them anymore these days). ‘We just haven’t gots the cash (or the credit)!’
    http://www.weeklyta.blogspot.com

34. 34
    Posted by guest | October 28, 2008 at 11:35 PM

    first

35. 35
    Posted by Lowly Assistant | October 28, 2008 at 11:51 PM

    23 needs to merge with Slim Jim in order to read and comprehend the subtle art of consuming copious amounts of crab.

36. 36
    Posted by guest | October 29, 2008 at 12:02 AM

    23 Let me clue you in: this is Steven Schwartzman. The hands are not lobster claws, but rather stone crab claws. Which are very (underline three times) expensive and which were supposedly provided in copious quantities at his daughters wedding. Which led the folks at DB to apply the moniker CRABCLAWS, to Mr. S.

37. 37
    Posted by Lowly Assistant | October 29, 2008 at 12:24 AM

    Well, actually Crab Hands (“CH”), but 37′s got the basic gist.
    See: SS’s birthday soiree, http://dealbreaker.com/steve_schwarzman/, et. al. (Too lazy to find the original article.)

38. 38
    Posted by guest | October 29, 2008 at 12:42 AM

    yes, it is crab HANDS, but the reference is from wsj article which said SS eats $400/leg crabs for lunch, not his daughter’s wedding.

39. 39
    Posted by Lowly Assistant | October 29, 2008 at 12:53 AM

    More booze, extra google, and a side of sympathy. For some reason, I remembered the crabs being included on the SS birthday AMEX, but I was wrong.
    http://blogs.reuters.com/blog/2007/06/13/blackstone-ceos-3000-food-spree-and-40-crab-claws/

40. 40
    Posted by guest | October 29, 2008 at 3:40 AM

    crabhands is right – 09′ is going to be a great vintage for PE and everyone in the industry is ramping up for a buying spree. the stone crabs better hide since we’re coming for them.

41. 41
    Posted by guest | October 29, 2008 at 4:51 AM

    best stone crabs @ Joe’s
    http://www.weeklyta.blogspot.com

42. 42
    Posted by guest | October 29, 2008 at 7:31 AM

    pe guys are fucked. any investment they made in 2003-2008 are all going to be under water. cheap leverage permanenty gone too

43. 43
    Posted by guest | October 29, 2008 at 8:01 AM

    @ except for that we’re not. Some 07/08 are underwater but covenant light saves the day. Lots of dry powder available, and low PE’s reduce need for leverage. Corporates can not refinance and hit fin distress. Lock & Load.

44. 44
    Posted by guest | October 29, 2008 at 10:47 AM

    but who would lend to a PE firm w’ “covenant light” moving forward? noone

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