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Cory’s Chart Corner
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More marked-to-fantasy credits hit the windshield.
h/t @NickNemo17Thoma Bravo turned in the key on Medallia.
$6.4B of equity wiped.
It now carries $3B in debt against $200M of EBITDA.
Blackstone had $1.5b of the debt across their nearly identical retail facing credit funds marked it most recently at 60.3c.
It's now a zero. Credit
Daily Archives: September 18, 2014
Scottish referendum explained for non-brits
An animated explanation of some fundamental questions prior to the referendum on Scottish independence on Thursday. Where is Scotland, what is Scotland and what does it mean to be Scottish? And what is the history of Scotland’s relationship with England? … Continue reading
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Print less but transfer more to households?
Trillions pumped into the banking system since 2008 have only bought more treacherous asset bubbles and debt. New thinking is desperately needed. The idea of giving stimulus cash to households rather than bankers may seem problematic, but it couldn’t be … Continue reading
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Reckless derivative speculation still backed by public purse
When we don’t learn, we are doomed to keep suffering…the investment banks are still backed by the public purse today and are now bigger and bolder in concentrated risk bets than ever before. “In the past five years, the firm … Continue reading
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