Entries tagged "Sorkin"
The two M&A reporters for the big dailies appear together again; we've been wondering what The Wall Street Journal's Dennis Berman has been up to. Perhaps he's been mulling over how to solve the credit crisis. In any event, Berman rolls out a plan Tuesday -- plan may be overstating it really -- for the government, having failed to convince the banks to lend, to abandon the effort and start afresh with brand new banks. Berman suggests putting $10 billion in taxpayer money, matched by private investment, and send it off, with its balance sheet pure, to lend to a...
Folks, let's make up our minds. The New York Times was so excited about Monday's 413 rise in the Dow that it declared a "re-emergence of trust" in the credit markets on the front page Tuesday. Alas, two section within, Times M&A maven Andrew Ross Sorkin was gloomily shaking his head at how slow the credit markets were to respond to a massive infusion of equity stakes, bailout funds and oceanic central bank liquidity. The headline on Sorkin's column: "One Day Does Not Constitute a Trend." ...
Andrew Ross Sorkin, pivoting off a Marty Lipton comment at the Tulane M&A conference, paid a visit to Mike Milken (well, actually attended a Milken conference and heard the great man speak), which he wrote up in Tuesday's New York Times. At Tulane, Lipton had sweepingly fixed the source of our current woes on the original sin of Milken's '80s-era junk bonds. So Sorkin was visiting the devil himself to find out what he thought. ...
