Monthly Archives: June 2009
Good news on the home front
In his never-ending quest for dramatic editorial material, Riverside resident and Greenwich Magazine publisher Jack Moffly jumped overboardwhile sailing alone on the Sound and let himself be dragged along behind while he tested rescuers and police response time. At eighty-something, … Continue reading
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And so it starts – scrutiny turns to Madoff boys’ finances
And already we have a phony charity, funded with $2 million in Bernie Bucks in 2007. Andy, Mark and Mark’s estranged wife are the Trustees, the Trust itself does nothing and no one claims that it does. It seems to be just … Continue reading
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Jim Himes: I believe in magic
While admitting that he hadn’t actually read the thing, Cos Cob’s Congressman Jim Himes praised the carbon tax bill to a ladies tea group today,saying, “who cares if it’s flawed – it shows that our heart’s in the right place, and isn’t … Continue reading
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Harsh bud, Dude
Joe Nocera to Madoff victims: get over it. Let’s dispense first with the idea that the S.E.C. should be reimbursing Madoff victims. Why? Government agencies make mistakes, treat people unfairly, and do all sorts of things we all wish they … Continue reading
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Honduras. Guess whose side we’re on?
Here’s what happened, per the Wall Street Journal: That Mr. Zelaya acted as if he were above the law, there is no doubt. While Honduran law allows for a constitutional rewrite, the power to open that door does not lie … Continue reading
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Dull day in Greenwich real estate
Hardly surprising, for the penultimate day of June. 19 Baliwick finally sold, for $2.025 million, after 2 1/2 years on the market asking, at first, $3.495. Oops. Assessed value was $2.264 million. 23 Pemberwick also lingered on the market since … Continue reading
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Walter – here’s a rental opportunity
Seems that Ruth Madoff’s in a pickle: no one wants to rent to her in NYC, and she’s got to get out of the penthouse before the marshals arrive. If you’re not using the place in Mustique, Walt. maybe you … Continue reading
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A new price point
50 Lafayette Court, a one bedroom unit, went to contract today. It started at #359,900 and its last asking price was $250,00. Assuming a price war didn’t break out at the last minute and this place sold for less than … Continue reading
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Stanwich land values
313 Stanwich, two vacant lots of 4.2 and 2.78 acres, respectively, have each been cut down to size, so to speak, to $2.35 million. That’s an improvement from the original ask of $3.6 each, but I’ve been out shopping for … Continue reading
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Price cuts
15 Quail Road, listed at $6.250 in April ’06 has yet to sell and today took its fifth price cut, to $3.9 million. Not for nothing, but 70% assessed value is $3.502, so perhaps we’re getting somewhere here. 2 Le … Continue reading
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Vladimir, we told you not to respond to those emails!
Russia, Nigeria sign gas exploration deal. The oil is already extracted and waiting for pickup but the true owner was killed in a dreadful aircrash and the heirs need someone trustworthy to get into Nigeria and pick it up.
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Visting day
CNN has found an “expert” to opine that Bernie Madoff is likely to end up at Otisville Prison, just up the road a bit (70 miles) from NYC. By odd coincidence, Dom Devito is presently a neighbor of the Madoff … Continue reading
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More disappearing records?
A reader points out that 37 Mdwood Drive, reported today as sold for $1.3 million, is said by Zillow.com to have sold for $2.191,900 on August 24,2006. Is this true? Orhas Zillow screwed up – it happens. There is no record … Continue reading
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Jim Himes: “I heart Smoot Hawley!”
Trade war provision slipped into carbon tax bill in, as the NYT’s describes it, ‘”the dead of night”.
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ABC News: Obama moving the stimulus goalposts
Oops! Did we say that the $780 billion stimulus package [that Cos Cob's Jim Himes voted for] was going to have an immediate effect? We meant to say, it won’t start until July 1st – the watch us grow!
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(The only) sale of the day
$1.3 million. 74% of original asking price ($1.750 million), tax assessment, $1,609,000. The MLS records will, surprise, show this as yet another “7% of asking price” statistic because its last asking price was $1.395, but you now know better.
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Dad’s gone away, are the boys next?
A reader points out that both the Madoff boys borrowed $10 million or so from Dad with no expectation on anyone’s part that they’d have to pay it back. But as the result of the fed’s seizure of all of … Continue reading
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May he live 100 years!
Bernie gets 150. I was at Town hall, chatting with retired surgeon Dr. Jack Wilsey when the news came through. The doctor gave his professional opinion that “he’ll never make it.” I respect Dr. Wilsey tremendously but I hope that this … Continue reading
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Liveblogging Bernie’s sentencing
It’s here. Last victim just spoke. Will Bernie spill the beans? Nah. Probation Department’s recommending a measly fifty years, Bernie himself thinks 12 is sufficient, and I’m going with the prosecutor’s request for 150. My guess? Something short enough t keep Bernie out … Continue reading
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Walt, you sly dog, so that’s where you’ve been!
Fairfield Greenwich Group has reopened its New York offices. Nothing going on at 2 Sound Shore here in Greenwich, but anyone left with money for train fare is apparently back in the City, ready to do more harm.
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