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Conflicts of Interest

Lehman’s Balance Sheet Games: REPO 105 and its $3 Billion Mini-Me

March 15, 2010

“Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.” Number 42, August 5, 2004 What a mess. Before the most recent giant sucking sounds you all heard, the two largest bankruptcies in the U.S. were Enron […]

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Piedmont Office REIT Finally Goes Public…Sort Of

February 16, 2010

Non-Traded REITs are a funny lot. They register with the SEC and comply with all public company filing requirements, yet their shares don’t trade on any public exchange. Most aspire publicly to achieve some sort of “liquidity event” for investors within 7-10 years of formation, either through a public listing or bulk asset sales. Last […]

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