Daily Archives: August 5, 2009

White House enemies list

I know that my liberal friends can’t seem to stretch their minds around believing that anything the Messiah does is wrong, but I hope they’ll try this thought experiment: suppose that, in the days leading up to the Senate vote on the invasion of Iraq, Cheney had sent out an email to all American citizens asking them to watch for and report any discussions that spread disinformation about the Administration’s plans. Would you find that creepy? Even the New York Times seems to think that Obama is going too far here with his own effort in that regard to ObamaCare.

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Here’s trouble

Deutschebank: Half of all U.S. mortgages will be underwater by 2011. I believe it.

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Seven minutes about Andres Piedrahita

That’s more than enough but the whiney baby, who owns 22% of Fairfield Greenwich Group and took at least that much of the profits to enjoy a luxurious life style, seems determined to tell the entire world what a sorry failure of a businessman he is and how he is a Madoff victim too. The people shown here aren’t buying it, for some reason.

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“New” listings and one’s in Cos Cob!

8 Pinetum

8 Pinetum

This is an old one, come back yet again with a new price. It tried $2.750 in 2004, $2.995 in January ’08 and now it’s $2.5 million. It doesn’t seem to be the “shingle style” described in its listing but it’s got a nice large lot (2.7 acres), pool, updated house etc. so it should be good. Downside is that Pinetum is off Bible Street and there’s just no easy way to get there without the friends you’re trying to impress wondering how long you’ve been out of work.

If you don’t mind a wee bit of the ol’ babbling brook noise, 638 North Street came up for sale today, 2 acres with a 1940 , 900 sq.ft. cabin on it, for $1.299. That’s probably negotiable but still, pretty cheap for two acres. And a babbling brook. ML # 74046

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Of course, they keep this up and I’ll start rooting for Walter

Madoff “victims” now whining that they should get free legal representation. Chief whiner is, naturally, Helen Davis Chaitman, who alternates between depicting herself as a retiree and hapless Madoff victim and a generous lawyer, helping out her fellow man. As we pointed out before, she’s nothing of the sort. She’s a highly-experienced securities and bank fraud lawyer who is pressing the SEC to pay her and her new friends 100% on the dollar with no deduction for attorney’s fees. I don’t think I like her.

The victims claim in court papers filed last night that the money being claimed by Picard is rightfully theirs.  “It is unconscionable that SIPC should be squandering potentially hundreds of millions of dollars when it doesn’t even have enough money to compensate all the victims who have filed a claim,” said Helen Davis Chaitman, a lawyer representing more than 100 Madoff victims in the case.

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The noose tightens, the net spreads wider, whatever

JP Morgan is in the sights of the Get Madoff crowd. While the bank had a small amount ($250 million) of its own money in the game, it pulled it in September after a summer of rumors about Bernie. JP forgot to tell its clients, though, and they were left high and dry. Sort of like Walt Noel and his Fairfield Greenwich Group, but I believe they’re already named in this suit. Should continue to get interesting as this latest inclusion of a defendant is the result of the 4 1/2 hours Bernie spent talking with the lead litigator. Nervous yet, Walt?

By the way, why is the New York Post on top of the Madoff story while the New York Times and the Wall Street Journal ignore it? Just because a story is sexy and has legs is no reason to leave the field to the Post, is it?

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Little stirrings on the marketplace

Midwood Drive, originally listed for $16 million, has dropped to $15. The seller is still excluding the light fixtures, though: what do you expect for under 20? Assessment is $7.690, if you care.

I (gently) suggested that 54 Havemeyer Lane was unlikely to garner its hoped-for price of $2.195 million a year ago and the owner/builder went ballistic, threatening to pull another listing (also unsold, by the way) from her to punish me. Price dropped to $1.295 today.

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