Tuesday, August 24, 2010

Blackstone Invests In Chinese Real Estate - Crazy Like A Fox. A Crazy Fox That Is.

I remember when CNBC was sycophantically fawning all over these clowns at the height of their arrogant foolishness. Schemes from the private equity industry will likely cost Americans untold hundreds of billions to possibly even trillions in economic damage.

Now Blackstone is investing in Chinese real estate. Hey, you have to hand it to them. They are consistent. Once a fool, always an fool.

title link also here. (You need a free login to access the story.)
posted by TimingLogic at 11:59 AM