The last month or so has not been the best of times for Phil Falcone. Harbinger Capital’s flagship is down, Goldman Sachs, Blackstone and some others have pulled their money, investors have been giving him shit for borrowing $113 million from one of his funds (where redemptions had been frozen) in order to pay personal taxes, he had to put up his art as collateral to borrow even more cash (for what, it’s unclear), he’s being investigated by the SEC and Wilbur, the family’s dancing pig, has been such a god damn bitch. He told the Times none of this is any way a big deal (“The last thing I’m thinking about in the morning is whether I have a cash-flow problem,” he said) and now, he’s be forced to defend his liquidity again. This time, with regard to the mortgage he took out on his house over the summer, after buying it for $49 million in cash. Continue reading »
“normal”
Are you sick of the relentless pussification of Wall Street? Does it just burn you up inside that the majority of your co-workers consider eating 8 items from the vending machine over the course of 12 hours a challenge, which most of them would fail miserably and not be put in a burlap sack and beaten? Do you want harken back to a time when instead of being asked to participate in some dinky little JPMorgan 5k “challenge” or harangued into taking a Pilates class with one of your colleagues and getting your nails done after, you were going around the office signing people up for a feat of strength involving rolling around in the dirt, being lit on fire, and possibly dying? You’re not alone. Continue reading »
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