We brought you Bill Ackman’s first presentation on the ratings agencies earlier this week. Now here’s the second part of the presentation on General Growth Properties.

GGP Part Two [PDF]

Comments (19)

  1. Posted by guest | June 4, 2010 at 4:04 PM

    Nicer chart on slide 33 IMHO (p#32). Just sayin’.

  2. Posted by I_miss_michaels | June 4, 2010 at 4:10 PM

    KOUwe-CHEBAG

  3. Posted by guest | June 4, 2010 at 4:12 PM

    C: $3.79

  4. Posted by In Philadelphia, it's worth 50 bucks | June 4, 2010 at 4:25 PM

    So where’s Hovde’s presentation that says we were completely wrong, we’re idiots and we’ll never doubt Billy Ray ever again?

  5. Posted by Ashley DuPree Former Client | June 4, 2010 at 4:27 PM

    All very nice Billy, I’m sure you feel like a genius ( and we won’t, we will not, bring up that Target thing), but this all happened because GGP found a banktuptcy judge who doesn’t seem to care about bankruptcy law and decided it would be a nice thing if the Billy and the Equity Boys made a lot of money while extending out the lenders at 5% for another 5 years or so. What a great guy, Judge Gropper. Send his kid a bar mitzvah gift.

  6. Posted by Anonymous | June 4, 2010 at 4:31 PM

    Bill’s eyebrows are going to grow to take over the world.

  7. Posted by formershooter | June 4, 2010 at 4:32 PM

    They were talking about employment #’s on CNBC, and Maria said, “Well you have to think about jobs in terms of an expanding population, there has been a population increase since Jan of 650,000 people, so maybe that number isn’t so bad.” The guy on the panel with her says,
    “Babies can’t work Maria.” When does she get back on Jeopardy?

  8. Posted by Ashley DuPree's Other Former Client | June 4, 2010 at 4:32 PM

    by the way, Zachary – nice tag, I’m sure there will be a ton of searches for Billiam Ackman.

  9. Posted by Anonymous | June 4, 2010 at 4:47 PM

    she be hating on GS

  10. Posted by Anonymous | June 4, 2010 at 4:54 PM

    @7 she is clearly studying for the cfa, those bs econ theories are all over the test, probably wont pass if she is saying that kind of stuff on tv though, just sayin’

  11. Posted by Anonymous | June 4, 2010 at 4:56 PM

    @5, he renegotiated those LEAPS and made a killing on target, he put up 25 big boy stacks of his own money to recapitalize the fund at the low

  12. Posted by William | June 4, 2010 at 6:14 PM

    Yo, all I need is one stock, one broker, one account
    Then Target slumped, my face on the front page
    Only if I had one eyebrow, one square and one kid
    One God to show me how to do things Dan Loeb did
    Pure, like a cup of Rambo’s blood; mixed with
    bull piss, one sip’ll make a shorty flip
    Writin names on my prospectuses, plottin shit
    Mad violence against Bacon Bartiromo, this hood politics
    Ackowledge it, leave short-sellers holding puts
    Bitches watch me, turn tricks and try to follow da’Brow
    SEC watch us {*porn click*} phone up and try knockin us
    One knee I ducked, could it be my time is up
    But my luck, I got up, project manager bustin’ nuts again
    Red shopping carts lose wheels, a fiend drops kitty litter
    Coverin’ oil spots in parkin’ lots that I’m hidin in
    Blackin out as I hit buy, SEC snake jakes been comin’ buy [more *porn clicks*]
    This is my stock I’ma rep, to the height of it
    ’til everybody buyin’ in, “value” investors be dyin’ for dis
    Hoodrats, don’t abortion your womb, we need more dollars to bloom
    Sip from Capri Sun, $5.99 per case
    In this life of SEC chases, street sweepers and Tim Sykes-esque bleeders
    Stick-up kids from GS, leavin investors with blank paper
    IF YOU REALLY THINK YOU READY TO INVEST IN ONE STOCK, HIT THE TARGET
    THIS IS WHAT ‘BROW BE ‘BOUT, $TGT FIFTY-THREE EIGHT-OH, YES HE DID.

  13. Posted by WTF? | June 4, 2010 at 6:18 PM

    Given all the site’s performance issues, coupled with several steaming pieces of Kouwe today, I wonder: does he run DB’s IT as well?

  14. Posted by Anonymous | June 4, 2010 at 7:29 PM

    is amanda drury wearing a t-shirt with a pic of erin callan’s cameltoe or is that her cleavage?
    - fella who just had 2 pbr tall boys, it is summer after all

  15. Posted by End Game | June 4, 2010 at 8:30 PM

    I challenge ANY of you motherfuckers to fight me at Minetta Tavern.

  16. Posted by Leroy | June 4, 2010 at 9:50 PM

    Ackman is fine. But he is no ANTHONY DAVIAN.

  17. Posted by Anonymous | June 5, 2010 at 9:15 PM

    Write-Offs?

  18. Posted by Anonymous | June 6, 2010 at 7:21 PM

    @ 12 that was one of the most amazing posts I have ever read. Well done. Even NaS would be proud.

    -Not a hater

  19. Posted by Anonymous | June 6, 2010 at 10:45 PM

    @12 can I buy the rights to that?

    ~WAckMan

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