"This isn't like your typical Nor'easter where a tree falls and your lights flicker," said Michael Daly, founder of the buyers' brokerage True North Realty Associates in North Haven, New York, and a Hamptons real estate blogger. "This is more like a Katrina," he said, alluding to the historic 2005 Category 5 Hurricane. "It's going to be a number of years before the market recovers."
Newly Impoverished Greenwich Residents May Soon Be Reduced To One Butler A Piece
Pray it doesn't come to that.
Jimmy Cayne May Be About To Come Into Some Money!
10-pound bag of Chronic Supernova, consider yourself bought. Thousands of former Bear Stearns Cos. (BSC) employees will share a $10 million settlement of lawsuits claiming they lost money on the bank’s stock in their retirement accounts. Two ex-Bear Stearns employees yesterday asked a federal court judge in Manhattan to approve the settlement on behalf of an estimated 8,400 former colleagues. The settlement will resolve class-action suits filed beginning in 2008 against Bear Stearns and other defendants by former employees of the bank. The employees, participants and beneficiaries of Bear Stearns’s employee stock ownership plan who held shares of the bank’s common stock, claimed risky investments in subprime mortgages caused them to lose money. Ex-Bear Stearns Employees to Get $10 Million in Settlement [Bloomberg] Related: Jimmy Cayne Takes “It’s A Bag Of Oregano” Route In Face Of Drug Use Allegations
Summer Intern Explains Tardiness Was On Account Of Being Forced To Take The Time To Tell His Father Off
Our first submission for summer intern emails has arrived and it's...a really weird one.
Facing Pay Cuts, Hedge Fund Professionals May Be Forced To Rethink Second Homes
We pray it doesn't come to that.
Hamptons Real Estate Broker Who Claims To Have Slept With Everyone's Daughter In Montauk Ran Into Some Legal Trubs
What can we learn from Dylan Eckardt?