tag:blogger.com,1999:blog-7179311615101890268.post2184208029181212196..comments2023-11-05T01:14:14.295-07:00Comments on The Real Estalker: Citibank's Vikram Pandit's Greenwich Getaway Up For GrabsYour Mamahttp://www.blogger.com/profile/14600002907755148264noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7179311615101890268.post-62303776919207787962012-04-17T14:43:30.541-07:002012-04-17T14:43:30.541-07:0011:13pm, that was pretty awesome. Nice job.11:13pm, that was pretty awesome. Nice job.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-33863556795282586502012-04-17T00:08:19.463-07:002012-04-17T00:08:19.463-07:00Great read, Mama! I agree with the garage; I'...Great read, Mama! I agree with the garage; I'm big on detached garages.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-77389627214782916292012-04-16T23:13:46.723-07:002012-04-16T23:13:46.723-07:00"For several years now, the Fed has been maki..."For several years now, the Fed has been making money available to the financial sector at near-zero interest rates. Big banks and hedge funds, among others, have taken this cheap money and invested it in securities with high yields. This type of profit-making, called the “carry trade,” has been enormously profitable for them. So why not let everyone participate? Under my plan, each American household could borrow $10 million from the Fed at zero interest. The more conservative among us can take that money and buy 10-year Treasury bonds. At the current 2 percent annual interest rate, we can pocket a nice $200,000 a year to live on. The more adventuresome can buy 10-year Greek debt at 21 percent, for an annual income of $2.1 million. Or if Greece is a little too risky for you, go with Portugal, at about 12 percent, or $1.2 million dollars a year. (No sense in getting greedy.)" Sheila Bair in the Washington Post .<br /><br />How the banksters "earn" their money. Borrowing from the public purse at 0% and then deploying this where they can get 2,3,4 or more %. That's really tough tough work, is it not?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-83647605962245397412012-04-16T20:35:05.771-07:002012-04-16T20:35:05.771-07:00Is it just me or are all the financial/wall street...Is it just me or are all the financial/wall street types homes in Greenwich CT a bore? Just askin'?Fancy Nancynoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-18964381428434870102012-04-16T17:59:29.201-07:002012-04-16T17:59:29.201-07:00The house needs a nice gay decorator to help spice...The house needs a nice gay decorator to help spice it up, the day-core is understated to the point of banality. And those rugs/drapes are hideous.<br /><br />Agreed that the property seems surprisingly modest for a man of his means (and for someone who already has $28M+ in NYC real estate), so I wouldn't be surprised if there's a larger and/or more modern Greenwich home in the upcoming cards for him.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-66674687135730748382012-04-16T15:32:11.265-07:002012-04-16T15:32:11.265-07:00Five banks -- JPMorgan Chase & Co. (JPM), Bank...Five banks -- JPMorgan Chase & Co. (JPM), Bank of America Corp. (BAC), Citigroup Inc., Wells Fargo & Co. (WFC), and Goldman Sachs Group Inc. -- held $8.5 trillion in assets at the end of 2011, equal to 56 percent of the U.S. economy, according to central bankers at the Federal Reserve.<br /><br />Yeah it's so good for average Americans to have 56% of the economy in the hands of reckless speculators who pay themselves multi millions as a reward for bringing the economy to its knees and then getting bailed out with taxes paid by Americans earning $50,000 or less per year. Are you paying attention Mr. Pandit? (Rhymes distressingly with bandit.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-1026965022340524822012-04-16T15:19:12.937-07:002012-04-16T15:19:12.937-07:00Your mama: Megan Ellison recently put oneof her bi...Your mama: Megan Ellison recently put oneof her birds street properties on the market for $15.5 million.<br /><br />http://guests.themls.com/Details/CA/LOS-ANGELES/9258-NIGHTINGALE-DR/90069/12-593857.aspxAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179311615101890268.post-14127532380539436552012-04-16T15:18:10.439-07:002012-04-16T15:18:10.439-07:00Nice, almost modest home. But it is simply a trivi...Nice, almost modest home. But it is simply a trivial bonbon in his real estate portfolio as you explain the mega mansions and apartments in New York and elsewhere in keeping with his exalted status and income. I find it terribly funny that his mea culpa of $1 a year lasted for how long? As much as one year? And that he was soon back "earning" (to mouth the silly term used by the plutocracy) over a million a year. And is so unique and valuable he has to be paid 23 million for fear he might jump ship and go someplace that would give him, say, 43 million to run that place into financial ruin. Such a hard life.Anonymousnoreply@blogger.com