I have very little commentary about this other than "scary." Three hundred billion plus in assets up in smoke. The fact that a private equity consortium led by someone as savvy as TPG (with David Bonderman leading the charge) flushed $7 billion in five months is mind boggling. The gravity of this situation and the surrounding mess in the financial markets is why I stick to blogging about food and working out - these topics are much more fun to blog about!
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