peHUB Second Opinion 10.14.08
Wherefore Art Thou: The Deal.com chronicles the scattering of the bankers formerly known as Lehman MDs. Scwartzman Speaks: And he's a fan of today's bailout. That, or he's trying desperately to restore confidence in the stock and lending markets. Better than instilling sheer terror, I suppose. He said: ``Before this remarkable initiative, the cost of money for financial institutions was way higher than they could afford to lend it out. The system ground to a close.'' Practice What You Preach: THL's Scott Sperling bemoans ad revenue loss for print newspapers to a Wall Street Journal reporter. And then admits he reads the Journal online. Wall Street Meets Main Street: The effects of the credit crisis has rippled all the way to the Boston Red Sox, a team I am supposedly required to despise based on my status as a New Yorker. Couldn't the teams new spring training stadium get some PE infrastructure money (ha)?
