It's All Coming Together

Posted by Bess Levin, Oct 23, 2008, 1:17pm

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.

4Recommend this! 29Comments

Comments

1

Posted by guest , Oct 23, 2008 1:21PM

FIRST to shit in the bath

2

Posted by guest , Oct 23, 2008 1:25PM

too cold...didn't bathe

3

Posted by guest , Oct 23, 2008 1:25PM

Bath shit... floaters become a menace...

4

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

5

Posted by guest , Oct 23, 2008 1:29PM

Weill (and his lackey Grubman) should be in jail. Getting sodomized by others, for a change.

6

Posted by guest , Oct 23, 2008 1:29PM

Citi is my bank.

7

Posted by guest , Oct 23, 2008 1:29PM

@4- thank you for restating the point of this post.

8

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..

9

Posted by guest , Oct 23, 2008 1:42PM

DB link broken, didn't read.

10

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

11

Posted by guest , Oct 23, 2008 1:46PM

http://dealbreaker.com/2008/06/post-38.php is the correct link

12

Posted by guest , Oct 23, 2008 1:51PM

BL,
Let us come together.

-- A Creature Void of Form

13

Posted by guest , Oct 23, 2008 2:05PM

Does anyone have TPG's 1200 slide presentation on the Macro economy?

14

Posted by guest , Oct 23, 2008 2:07PM

Does anyone have TPG's 1200 slide presentation on the Macro economy?

15

Posted by guest , Oct 23, 2008 2:44PM

@4, @10 - you are an idiot. a double post pointing out what the article said?

16

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.

17

Posted by guest , Oct 23, 2008 3:29PM

'whorehouse'- bess - you are nailing it -

18

Posted by guest , Oct 23, 2008 3:31PM

'whorehouse' - bess - you are nailing it
citibang sounds like a whorehouse

19

Posted by guest , Oct 23, 2008 3:35PM

'whorehouse' - bess - you are nailing it
citibang sounds like a whorehouse

20

Posted by guest , Oct 23, 2008 3:35PM

'whorehouse' - bess - you are nailing it
citibang sounds like a whorehouse

21

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.

22

Posted by guest , Oct 23, 2008 3:46PM

it's not "put away wet", it's "put up wet".

23

Posted by guest , Oct 23, 2008 3:47PM

it's not "put away wet", it's "put up wet".

24

Posted by guest , Oct 23, 2008 3:51PM

@23-no, it's not.

25

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.

26

Posted by guest , Oct 23, 2008 4:01PM

yes, it is

27

Posted by guest , Oct 23, 2008 4:05PM

yes, it is

28

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!!

29

Posted by guest , Oct 23, 2008 11:46PM

just another pimp making a living

http://www.weeklyta.blogspot.com

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