The Blackstone Group L.P. (BX)

All Comments on BX

  • commenter
    venividivici
    Apr 12 10:10 AM
    Citi's Deal: Unclogging of the System [view article]
    John Haskell great letter. That's the best laugh I had all day. Thanks mate. Reply
  • commenter
    Dean Procter
    Apr 11 09:16 PM
    My Website
    Goldman Sachs's GSTrUE : A Child of Regulatory Decay [view article]
    I can see this as abeing very attractive for new disruptive technologies where discretion and secrecy are paramount to achieve market advantage. Being able to capitalise before becoming public knowledge and getting financed without having to disclose business plans and technology to all the market is an attractive benefit of such systems. Reply
  • commenter
    mythoughts
    Apr 11 04:46 PM
    My Website
    Under The Radar News - Thursday [view article]
    Who says investing in GE is good? Look at their stock and it's recent earnings. Don't touch it now. Reply
  • commenter
    john haskell
    Apr 11 09:15 AM
    Citi's Deal: Unclogging of the System [view article]
    Leveraged loans have been trading since the beginning of the crunch in July. They just weren't trading at prices that banks liked, which is a different thing entirely.

    As for "finding a buyer," it's always possible to find a buyer if you finance him. In fact that's how the homebuilding industry found buyers for the past 5 years. That worked well, so why not repeat the experience with leveraged loans?     Reply
  • commenter
    User 176256
    Apr 10 02:31 PM
    Citi's Deal: Unclogging of the System [view article]
    There is always a market for any asset - it's just a question of price. What the Citi news didn't clearly state is that Citi is also backing up the first 20% of losses on these loans. And, to put the icing on the cake, Citi is financing part of the deal - which puts them on the hook for any defaults that occur in the PE firms that are buying this debt.

    So, to sum up...Assets begin discounted by 30% and financing required to make it happen. As I said at the beginning - there is a market for any asset, it's just a matter of price.     Reply
  • commenter
    todd su
    Apr 10 02:07 PM
    My Website
    Citi's Deal: Unclogging of the System [view article]
    helpless,

    i make no opinion on what is below them because any assumption is just that. it is clear that for the first time buyers are emerging.     Reply
  • commenter
    bb99
    Apr 10 01:53 PM
    Under The Radar News - Thursday [view article]
    I thought that it is interesting that New York State has passed their budget that included forcing out of state online retailers to collect tax at the time of purchase (where they obviously did not in the past). They seem to call this the "Amazon tax", but will affect all retailers. It seems that the American Booksellers Association and other retail councils want to entend this to every state to "even the playing field". This is the beginning of an interesting trend. Reply
  • commenter
    Proud
    Canadian
    Apr 10 10:35 AM
    Under The Radar News - Thursday [view article]
    It's old news !!!! Reply
  • commenter
    helplessobse
    rver
    Apr 10 10:28 AM
    Citi's Deal: Unclogging of the System [view article]
    Sulllivan,
    You are a great spin master on this one. The loans only midly stink, think what is lying below them, leverage buyouts loans worth thirty cents on the dollar. Oops!, I forgot about us helpless taxpayers.     Reply
  • commenter
    cpeterka
    Apr 10 09:46 AM
    My Website
    Under The Radar News - Thursday [view article]
    Concerning: "Indian credit card issuer SBI, a joint venture between GE (GE) and State Bank of India, had a default rate of 16.28% as of year-end, likely the worst in the industry."

    Worse is relative: If you're invested in GE, that's GREAT News.
    Reply
  • commenter
    robert99
    Apr 10 03:31 AM
    Wall Street Breakfast: Must-Know News [view article]
    wsigler: Yes, but the problem is that the people who were responsible with their loans, who also live next door to those who were not, will probably abstain from the high road and cry for government intervention. After all, it wasn't their fault, was it? The problem is that we have simply become an entitlement society. Life still throws curveballs as it always has, but we have now come to rely on the umpire to wave us on to first base when that third strike goes whizzing by instead of admitting that we did not see it coming because it was a beauty, and sucking it up and driving on. Reply
  • commenter
    wsigler
    Apr 09 12:56 PM
    Wall Street Breakfast: Must-Know News [view article]
    Yes, there's plenty of blame to go around - but - you know what?...The simple answer is that we, the borrowers...the uneducated, ignorant, stupid, greedy borrowers who didn't have the common sense to look before we leaped...are at the root. We simply don't want to take the blame...too easy to push it off on someone else. Lenders knew these were ignoramuses they were lending to and now that it's caught up with them, they deserve NO RELIEF from the rest of we taxpayers - and neither do the borrowers who instigated it. Every one of those folks for whom it can be shown they stepped into something they were not prepared to handle and walked away - should have their credit destroyed for at least 10 years - and lenders should not be allowed to lend to them again during this period. Both the lenders and borrowewrs should be left to wallow in their own slop and the govt. (we, the taxpayers) should not contribute ONE CENT to their rescue! Reply
  • commenter
    pedsr
    Apr 09 11:02 AM
    Wall Street Breakfast: Must-Know News [view article]
    Alan Greenspan is like the child passing the cemetery--whistlling and saying what he does out of fear of the truth or of the unknown. His policy "enabled" the greedy in our system to commit their financial atrocities. "Just don't give a convicted felon a gun" would apply here. Maybe the metaphor is too harsh but the message is not. The low interest rates instituted by Greenspan did, in fact, encourage lenders to rapaciously feed money to the unwary among us.  There is fault aplenty to go around, but the beginning of the difficulty was Alan Greenspan's attempt to shift the losses in the high tech markets to another, broader market, namely the housing market. Could this broad action dilute the losses? said he. What actually happened was that he embroiled the greedy with the uninformed to create a much bigger credit problem enveloping the entire global structure. This was unconscionable. Only some among us would have suffered from bad judgement with the High Tech losses and our capital system would have had its painful day. But with our homes on the block almost all of our citizens were swept up in the losses and attendant credit crises. Now, it appears that the pain will be protracted and the solution unsure. God Bless/help America. Reply
  • commenter
    flatman
    Apr 09 10:21 AM
    Wall Street Breakfast: Must-Know News [view article]
    On the Citi deal - its 90 cents to the dollar but its leveraged. Anyone know what the discount on that is? Reply
  • commenter
    nukldrager
    Apr 09 08:28 AM
    Wall Street Breakfast: Must-Know News [view article]
    Re "Greenspan on the US Economy..."
    Greenspan is great with words, great to read and listen to. But something stinks around the Fed. In his book "The Age of Turbulence" he writes"...Rising leverage appears to be the result of vast improvements in technology and infrastructure, not significantly more risk-inclined humans. Obviously, a surge of debt leverage above what the newer technologies can support invites a crisis. I'm not sure where the tipping point is." (slightly paraphrased) And now "...We have not confronted a situation like this in over half a century," and, "The problem is not the lack of regulation but unrealistic expectations about what regulators are able to prevent." Well someone should explain the $530 trillion in cdos as it rips it's way through the belly of the economy like a butchers knife.

     Reply
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