Mortgages are like radioactive noodles
May 8th, 2008 | No commentsSteve Schwarzman, on why Blackstone failed to close the PHH Mortgage buyout (via The Wall Street Journal): “Trying to buy a mortgage bank in the midst of the subprime crisis was the equivalent of being a noodle salesman in Nagasaki when the atomic bomb went off. Not a lot of noodles left, or even a [...]
Posted in Notes |
Tags: Blackstone, PHH Mortgage, Steve Schwarzman |
Share
|
No comments »
