peHUB Second Opinion 11.24
Guess the Firm: "The performance of this fund is frankly pretty embarrassing for them and that is all the motivation they need. Sometimes it is about pride more than money." LP Stakes In TPG: Selling for 45 cents on the dollar, reflecting concerns over Harrah’s and other companies. It Just Looks Bad: Dealzone points out that Citigroup’s 20-year, $400 million naming rights to the new Mets stadium has now been basically sponsored by us, the taxpayers. Citi’s response is quite expected: “That was a decision made in a different time. We have binding legal agreements… I don’t think it’s an issue.” Clusterstock: Compares the new Mets Stadium to Enron Field. Trickle Down Effects: With the golden banker era over, gold diggers are having to really, really dig these days.
