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.
It's All Coming Together
Posted by Bess Levin, Oct 23, 2008, 1:17pm
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Posted by guest , Oct 23, 2008 1:21PM
FIRST to shit in the bath
Posted by guest , Oct 23, 2008 1:25PM
too cold...didn't bathe
Posted by guest , Oct 23, 2008 1:25PM
Bath shit... floaters become a menace...
Posted by guest , Oct 23, 2008 1:28PM
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
Posted by guest , Oct 23, 2008 1:29PM
Weill (and his lackey Grubman) should be in jail. Getting sodomized by others, for a change.
Posted by guest , Oct 23, 2008 1:29PM
Citi is my bank.
Posted by guest , Oct 23, 2008 1:29PM
@4- thank you for restating the point of this post.
Posted by guest , Oct 23, 2008 1:40PM
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..
Posted by guest , Oct 23, 2008 1:42PM
DB link broken, didn't read.
Posted by guest , Oct 23, 2008 1:43PM
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
Posted by guest , Oct 23, 2008 1:46PM
http://dealbreaker.com/2008/06/post-38.php is the correct link
Posted by guest , Oct 23, 2008 1:51PM
BL,
Let us come together.
-- A Creature Void of Form
Posted by guest , Oct 23, 2008 2:05PM
Does anyone have TPG's 1200 slide presentation on the Macro economy?
Posted by guest , Oct 23, 2008 2:07PM
Does anyone have TPG's 1200 slide presentation on the Macro economy?
Posted by guest , Oct 23, 2008 2:44PM
@4, @10 - you are an idiot. a double post pointing out what the article said?
Posted by guest , Oct 23, 2008 2:52PM
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.
Posted by guest , Oct 23, 2008 3:29PM
'whorehouse'- bess - you are nailing it -
Posted by guest , Oct 23, 2008 3:31PM
'whorehouse' - bess - you are nailing it
citibang sounds like a whorehouse
Posted by guest , Oct 23, 2008 3:35PM
'whorehouse' - bess - you are nailing it
citibang sounds like a whorehouse
Posted by guest , Oct 23, 2008 3:35PM
'whorehouse' - bess - you are nailing it
citibang sounds like a whorehouse
Posted by guest , Oct 23, 2008 3:39PM
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.
Posted by guest , Oct 23, 2008 3:46PM
it's not "put away wet", it's "put up wet".
Posted by guest , Oct 23, 2008 3:47PM
it's not "put away wet", it's "put up wet".
Posted by guest , Oct 23, 2008 3:51PM
@23-no, it's not.
Posted by guest , Oct 23, 2008 3:53PM
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.
Posted by guest , Oct 23, 2008 4:01PM
yes, it is
Posted by guest , Oct 23, 2008 4:05PM
yes, it is
Posted by Jesse , Oct 23, 2008 4:24PM
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!!
Posted by guest , Oct 23, 2008 11:46PM
just another pimp making a living
http://www.weeklyta.blogspot.com