I’m sure a lot of you probably thought former Citi CEO Sandy Weill was just winging it when he cobbled together the world’s largest diversified whorehouse, so huge it can barely support its own weight and so far off the course of sanity, likely due to a case of undetected syphilis, that it’s under the impression that a ban on color copies can make up for zillions in losses. And that when he would chime in during Chuck Prince’s tenure to say that anyone who tried to veer the firm off the course of achieving behemoth proportions was a communist, and hired the Dallas Cowboy cheerleaders to do a little routine every time a higher-up waded further into the toxic swamp of subprime, and e-mailed Vikram Pandit little tips like “shareholders love bat shit insane mission statements,” he was a crazy, meddling old man who didn’t know what he was talking about. But you thought wrong. The Wall Street Journal reports that Weill is in talks to launch a private-equity fund that would “invest in beaten-down financial companies and assets.” And the more beaten-down, ass-kicked, ridden-hard and put away wet, the better.
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FIRST to shit in the bath
too cold…didn’t bathe
Bath shit… floaters become a menace…
Maybe it is part of his master plan.
Build something big and get paid on the way up
Let somebody take the fall when it falls apart
Buy pieces of it cheap and sell to someone else when/if the cycle turns
Weill (and his lackey Grubman) should be in jail. Getting sodomized by others, for a change.
Citi is my bank.
@4- thank you for restating the point of this post.
great idea – ask jc flowers how much fun it is to sniff at every piece of shit you can find on the street and once you take a bite you get your face ripped off.
alternatively ask bonderman how his texas porn group liked their slice of wamu..
DB link broken, didn’t read.
Maybe it is part of his master plan.
Build something big and get paid on the way up
Let somebody take the fall when it falls apart
Buy pieces of it cheap and sell to someone else when/if the cycle turns
http://dealbreaker.com/2008/06/post-38.php is the correct link
BL,
Let us come together.
– A Creature Void of Form
Does anyone have TPG’s 1200 slide presentation on the Macro economy?
Does anyone have TPG’s 1200 slide presentation on the Macro economy?
@4, @10 – you are an idiot. a double post pointing out what the article said?
maybe he should first go to jail and then (after 20 years jail) try such venture; prices might be up again by then.
A fair treatment for a cycle ryder.
‘whorehouse’- bess – you are nailing it -
‘whorehouse’ – bess – you are nailing it
citibang sounds like a whorehouse
‘whorehouse’ – bess – you are nailing it
citibang sounds like a whorehouse
So this is the new strategy – become management of a profitable company, turn it around so it starts losing money (but not until you grab your treasure chest and boogie out of there), then use said treasure chest to buy it at a great price.
it’s not “put away wet”, it’s “put up wet”.
it’s not “put away wet”, it’s “put up wet”.
@23-no, it’s not.
Don’t worry about them – this chart of pending mortgage resets will burn them all to the ground – after they spend all of our money on bonuses and AIG-like escapades:
http://tinyurl.com/558bbd
We have not even seen 1/3 of the losses yet according to that chart.
yes, it is
yes, it is
Sandy wants to be an oligarch.
If his frat boys keep hammering the funds and institutions, and hogging all the liquidity, he might get a shot.
Vlad!!
just another pimp making a living
http://www.weeklyta.blogspot.com