Monthly Archives: December 2008
Wait a minute, that’s my bank!
I bank with Greenwich Bank & Trust and a fine bank it is. But it merged with Westport National Bank four years ago and became Connecticut Community Bank and now that larger entity is being sued by defrauded Madoff investors. It’s … Continue reading
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Will the real George Lindemann Jr. stand up?
I’ve had trouble finding a picture of the young horse killer. Here’s one, taken from a 2007 Alumni letter that purports to be of George Sr. (I’ve also seen it identified as the younger). If it’s Senior, the poor bastard’s … Continue reading
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Did Bernie disclose all his assets today?
He had until 5:00 p.m. SEC hasn’t said whether they’ll make that list public but I’m sure it will come out – this story’s too much fun to keep things quiet. The Wall Street Journal suggests that Madoff would be … Continue reading
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Who is George Lindemann, Jr.?
For anyone who missed the story, George Lindemann Jr. is the son of one of the wealthiest men in the world, George Lindemann Sr., of Greenwich and Palm Beach. George Junior grew up in Greenwich and graduated from Brown … Continue reading
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Testimony to Teenagers’ Powers of Persuasion
Virginity pledges don’t mean much, study says. Okay, so the kids can’t write – they’re obviously prepared to sell real estate or stocks, however and the latter two pay far more than the former.
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Horse investments tank, Miami Philanthropist George Lindemann Jr. steps in to help.
The price of thoroughbreds drops 40% so Fairfield Greenwich Group’s Jeffrey Tucker will be selling into a falling market. Oh, what will we do, what will we do?! Say, wait a minute, I’ve got an idea!
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Yeah, but can he produce steady returns for 30 years?
Paulson blasts hedge funds for restricting withdrawals. Dec. 31 (Bloomberg) – John Paulson, who runs the $36 billion hedge-fund firm Paulson & Co., has some harsh words for his peers and their tendency this year to block or curb clients’ attempts … Continue reading
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Chris Dodd, Scoundrel
I made this point months ago (switching to WordPress has messed up my archival retrieving or I’d prove it) but I’m glad to see that our Senator’s crooked ways aren’t going unnoticed by the Hartford Current: Chris Dodd Oh give … Continue reading
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Noel’s New year Resolution
Dump Round Hill, make up with Andre and move into the kids’ house in Spain. The Spanish real estate market is heading south, fast, so shuffling off to the Mediterranean coast might work an economy. I don’t know anything about … Continue reading
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Blodget – “fix” housing by letting prices fall
I agree. All the propping up efforts advocated by the NAR, home builders and banks won’t solve the underlying problem which, as Blodget points out, is the inability of some homeowners to pay their mortgage. Falling prices don’t cause foreclosures, no … Continue reading
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California Dreaming
According to this blog, Fortune magazine’s come out with the ten worst real estate markets for next year and California’s holding down 8 of the 10 spots. I won’t argue with their pick of Stockton, CA – my Sarah goes … Continue reading
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Uh oh – a whiff of tax fraud for FGG?
The feds are sniffing out Madoff’s offshore accounts but here’s the bit that might just warm Walt and Monica’s champagne this evening: Investigators are especially interested in whether Madoff and some of his investors used funds based in offshore tax havens … Continue reading
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It’s not news to this blog’s readers but …
New York/Boston real estate prices have more to drop, according to the WSJ. But that doesn’t mean these cities are skirting the worst of the housing bust. Rather, markets where price declines have been slightest may be in worse shape, … Continue reading
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Will 175 Round Hill Road be next?
The sad truth in this world is that lawyers and lawsuits are expensive, especially when you’re involved in $50 billion frauds. News today that Walt Noel’s partner in misfeasance, Jeff Tucker, has been forced to stop all construction on his … Continue reading
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