{"id":198388,"date":"2007-11-12T22:46:00","date_gmt":"2007-11-13T03:46:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/11\/12\/economic-newws\/"},"modified":"2007-11-12T22:46:00","modified_gmt":"2007-11-13T03:46:00","slug":"economic-newws","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/11\/12\/economic-newws\/","title":{"rendered":"Economic Newws"},"content":{"rendered":"<p><a href=\"http:\/\/money.cnn.com\/2007\/11\/12\/news\/companies\/fannie_freddie.ap\/index.htm?postversion=2007111208\">A Lehman Brothers  analyst downgraded Fannie Mae and Freddie Mac<\/a>.  He cut their respective target prices from the mid $60s\/share to mid $40s a share as a result of the turmoil in the mortgage markets.<\/p>\n<p>The <a href=\"http:\/\/money.cnn.com\/2007\/11\/12\/news\/companies\/blackstone_earnings\/index.htm?postversion=2007111210\">private equity firm Blackstone<\/a> reported a net loss of $113.2 million, as compared to a profit of $372.5 million a year ago.  Its stock is about $24, as opposed to the $38 when it went public a few months back. <\/p>\n<p>This includes $802.6 million of non-cash compensation charges tied to Blackstone&#8217;s initial public offering in June, so my quick read is that the partners in the firm pulled a \u00be billion dollar scam on people who bought into the IPO, but I&#8217;m an not wise in the ways of IPOs, so your analysis may vary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Lehman Brothers analyst downgraded Fannie Mae and Freddie Mac. He cut their respective target prices from the mid $60s\/share to mid $40s a share as a result of the turmoil in the mortgage markets. The private equity firm Blackstone reported a net loss of $113.2 million, as compared to a profit of $372.5 million &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,973],"tags":[],"class_list":["post-198388","post","type-post","status-publish","format-standard","hentry","category-bubble","category-economy"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198388"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=198388"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198388\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=198388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=198388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=198388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}