Bankruptcy Is Not An Option, Except When It Is
Article :
Morning Call: December 4
After all that insistence that going into Chapter 11 would spell doom, are GM and Chrysler finally ready to put bankruptcy on the table? The problem with begging for a bailout is that you don't have very much leverage to dictate terms, and some lawmakers are exploring the idea of a pre-packaged, pre-arranged bankruptcy option for GM and Chrysler. According to Bloomberg, the automakers may just comply.
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Liquidation
Article :
December/January 2009
In today’s troubled times, blended Scotches are the solid investment you need.
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Hot Potatoes
Article :
October/November 2008
Need something to wash down your caviar? These vodkas are spud missiles for your mouth.
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Irish Renaissance
Article :
September 2008
These top-shelf whiskies are the Emerald Isle's new preferred stocks.
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Flavor Of The Month: Socialized Capitalism
Article :
September 2008
Don’t you wish you knew how to invest like the U.S.? Our taxpayer-funded portfolio is looking good! Lined up now are the multibillion-dollar bets on Bear Stearns, Fannie Mae, Freddie Mac and, the jewel in the fire-sale crown, AIG. Yes, we nailed a 79.9% stake in exchange for $85 billion. That’s sick. How do we get in on the ground floor of all this stuff? The Fed must know somebody. And here we were thinking that we should be investing in concerns with successful management. Clearly, our bad. Not that AIG isn’t scrambling now to rectify that one minor matter.
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Copy Of The Lehman Bankruptcy Filing
Article :
September 2008
While Lehman’s many talented executives and traders spent the weekend dusting off and polishing up their resumes (many of which were then forwarded on to Dealmaker) its leadership was slavishly tending to another not-entirely-inconsequential document in the face of the bank’s liquidation.
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Seasonally Adjusted
Article :
June/July 2008
These Lowland single-malts are the perfect Scotches for sipping the
summer away.
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Liquidation
Article :
May 2008
How the revival of these premium brands is helping rye reclaim its status as America’s top whiskey.
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Lehman: Another Statistic?
Article :
April 2008
More than 45 of the world's top banks (we didn’t even know there were that many) including Citigroup and UBS, have posted a combined $232 billion in asset write-downs and credit losses since the beginning of 2007. And now the fourth-largest securities firm in the U.S. is deep-sixing three investment funds by taking the value of their assets onto its own beleaguered balance sheet. Here, the latest on how much of a hit is being taken – and why.
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Liquidation
Article :
April/May 2008
Thanks to the revival of these premium brands, rye is back to reclaim its status as America’s top whiskey.
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Carlyle’s Calamity
Article :
March 2008
The credit crunch: it isn’t just for subprime mortgages anymore. Late last night, Carlyle Capital, which only recently held as much as $21.7 billion in mortgage securities, broke the news that its lenders are now ready to extract their pound of flesh.
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Carlyle Capital Capers
Article :
March 2008
Hey, they are margin calls; this is not the end of the world. And, okay, a couple default notices. Not exactly spilled milk, but we are sure it aspires to be. True, we’re talking about more margin calls than is strictly ideal, but if you don’t have anyone whining at you now and then to pay the piper, we posit you probably aren’t pushing the envelope far enough. Just one way to look at it.
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Liquidation
Article :
February/March 2008
Valentine’s Day is hardly the occasion for bootstrapping your date. Fortify your prospects with these fortified wines.
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Wanted: Your Toys
Article :
February 2008
Self-proclaimed math major and “geeky guy you hated in high school” snidely lectures Americans who dared live above their means in recent years before deigning to offer to buy their assets on the cheap so they might heat their homes. What follows is either a) yet another strange Craig’s List spoof on Wall Street or b) an authentic, if bratty, diatribe.
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Liquidation: Not For The Office
Article :
January 2008
But certainly perfect for later. Uncork history with these re-creations of timeless high-end spirits.
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Secondary Market
Article :
November/December 2007
Uncork history with these re-creations of timeless high-end spirits
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Liquidation: Hot Issue
Article :
October 2007
Good news, Mexico’s most celebrated spirit has come a long way since that trip to Tijuana you don’t remember.
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Canned, Fired, Or Sacked
Article :
September 2007
Investors in the two Bear hedge funds that blew up this summer say the bank can take its pick, so long as it gives up its powers as general partner. But how far they are willing to go to get their way?
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Hot Issue
Article :
September/October 2007
Mexico’s most celebrated spirit has come a long way since that trip to Tijuana that you don’t remember.
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Hard Tumble For CFC
Article :
August 2007
Countrywide Financial Corp might be on the brink. The mortgage lender's shares suffered a far fall yesterday when they plummeted 13 percent. That, Bloomberg, points out is the worst drop its stock has suffered since the 1987 stock market crash. Kenneth Bruce, a Merrill Lynch analyst, says, "If liquidations occur in a weak market, then it is possible for CFC to go bankrupt." So far this year, CFC's shares have dropped almost 50% in value.
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GM Sheds Unit For Cool $5.6 Bil
Article :
June 2007
It may not be the world’s No. 1 automaker (anymore) but a battery of liquidations has gone a long way in lining GM’s pockets and boosting its stock price: Yesterday, its shares hit their highest level since January 2005.
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Mr. Trouble
Article :
May/June 2007
Let others chase cash-flow multiples — Steven B. Zuckerman looks to make his mark making cash from distress.
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H&R Block to Sell Its Subprime Mortgage Group
Article :
April 2007
H&R Block is selling its money-losing subprime mortgage unit to Cerberus Capital Management for about 40 percent less than it was originally seeking.
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A Batch Made in Heaven
Article :
March/April 2007
When it comes to these single-barrel and small-batch bourbons, less is clearly more
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The Original Buyout King
Article :
March/April 2007
He made his first deals during the Great Depression. His shareholders included Rockefellers, Mellons, Warburgs and Du Ponts. And 40 years ago, he quietly — but revolutionarily — built the very notion of the buyout house. At 94, Carl Hess still goes into AEA’s office every day — as the last living link to private equity’s birth
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Singularly Exceptional
Article :
Premiere Issue
To master the distinctions between Scottish single-malts, one must take a tasting pilgrimage through its many regions — or simply buy these six superior bottles
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