Understatement of the Year

19 09 2008

The Understatement of the Year award goes to ….

Steve Schwarzman, Chairman and CEO of The Blackstone Group, an investment bank in New York City …

Title of an article on a blog in the Wall Street Journal a few days ago …

“Something is Amiss in the Financial System.”

Uh … yeah.

I have to tell you, though, if there is anywhere safe in this climate, it’s Blackstone.  Those guys are solid.

Click on the title to read the full article.

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2 responses

19 09 2008
Fran

I am glad that at least one firm is!

20 09 2008
dave

trust me, from sitting inside this financial mess (in london) no-one is safe. lol

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