Bill Jones

Blackstone Positioned to Profit from Earnings Turmoil

Monday’s comments on the subprime crisis by The Blackstone Group President and CEO Hamilton James makes one wonder how much money the firm lost because of bad mortgages. His comments also seemed like a warning to Wall Street to brace itself for a long period of bad news. The NewsVisual article www.newsvisual.com/new... illustrates that this company has a very experienced Board of Directors, and thus James’s comments about the severity of the subprime mortgage crisis must be taken seriously.