Where will we go? What will we do?

Moving on

Moving on

Word around town is that the Fabulous Noel Girls are bemoaning their fate and weeping that “we’re going to get sued and lose all our money”. The Observer reports that Marisa’s town house, purchased for $13.5 million and carrying a $9 million mortgage, is up for sale, gutted, for $11 million. Good luck with that, girl.

Says one agent:

“I’m trying to get one of my clients to buy it. They apparently did all the demolition but can’t fix it up, or don’t want to,” the broker said. “I told my guy he should offer them $8 million—because it’s still a million dollars to fix this up.” An $8 million sale would mean the couple would lose at least $5.5 million on the house. “It’s literally the kind of thing that inspired me to call people who aren’t in the market for real estate, because people say, ‘If you hear of a really desperate situation, call me.’”

That guy sounds like someone who should be working with Frankie and me.

8 Comments

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8 responses to “Where will we go? What will we do?

  1. Inagua

    Why didn’t Walt give his youngest the money to finish the rehab and save some face? Walt has at least $200 million of untaxed Madoff money offshore. Is it every Noel rat for himself now? Is Marisa’s husband Matt Brown telling investigators the truth about the non-existent due diligence? Is that why Walt didn’t help Matt and Marisa?

  2. Walt

    Chris, Chris, Chris:
    Well, they continue to describe the filly’s (S.I.H) as supremely nice looking, so I could see why you would trust the reporting. But the rest of this article, and the gossip you hear, is trash.
    The filly’s (S.I.H) are wearing long faces recently, not because they are worried, but simply because…. THEY HAVE LONG FACES!!!
    So not to worry. All is fine in Noelville. Contrary to the rumors you hear. Proof and post copy boy!!
    OFF TO BASILS!!!!
    Your Pal,
    Walt

  3. Deny or Die Noel Style

    No No, it wasn’t our fault. Deny, Deny, Deny. Great defense.

    http://www.boston.com/business/ticker/2009/04/hedge_fund_rebu.html

    I so wish they would just liquidate everything and throw in the towel and just get this crappy defense over with already and move on.

    Fairfield Greenwich and Noel needs to come clean. They are wasting everybody time.

  4. Expensive, yes?

    Looking at this lawsuit against Noel, the legal fees must be enormous.

    http://news.justia.com/cases/featured/new-york/nysdce/1:2009cv00118/338395/

    When does somebody like Noel cry uncle?

  5. Inagua

    Deny and delay is the only defense Walt has. His might be hoping to die before the final appeal, like Ken Lay. Why he doesn’t offer to settle is a good question. It must be a combination of greed, delusion, and hope based on the fact that very occasionally a crook does get off, like Imelda Marcos and Senator Stevens did. Perhaps another reason not to settle is help Anders, who as a non-citizen may have some extradiction type defenses.

  6. Walt

    Iguana -
    My cold blooded reptilian friend. An offer to settle what? FGG did no wrong. We did absolutely nothing, for Pete’s Sake, and the record shows it. PS – yesterday was Bernies birthday, in case you wanted to send a card.
    Early LUNCH!!!
    Your Pal,
    Walt

  7. Inagua

    Walt,

    Inagua is an island, not a lizard.

    What you did wrong was lie about due diligence. A jury is going to decide the issue, and it is unlikely that they will find you and your partners either credible or sympathetic. The judge will then order you disgourge the unearned Madoff fees. You will either comply or risk criminal prosecution for hiding assets. Either way, you are toast.

  8. Neighbor

    Word has it that both brown and toub have found new jobs.