{"id":199053,"date":"2007-09-15T22:04:00","date_gmt":"2007-09-16T03:04:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/09\/15\/how-the-credit-crunch-has-wider-consequences\/"},"modified":"2007-09-15T22:04:00","modified_gmt":"2007-09-16T03:04:00","slug":"how-the-credit-crunch-has-wider-consequences","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/09\/15\/how-the-credit-crunch-has-wider-consequences\/","title":{"rendered":"How the Credit Crunch Has Wider Consequences"},"content":{"rendered":"<p><a href=\"http:\/\/money.cnn.com\/2007\/09\/12\/news\/companies\/carlyle_cable\/index.htm\">It just 86ed a deal to Carlyle Group to sell a cable company<\/a>.<\/p>\n<p>The bidders could not raise the necessary money.<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>The <i>Washington Post<\/i> reported the problems in the sale of Insight Communications, which Carlyle Group purchased for about $2.1 billion in 2005. Bidders including <span style=\"font-weight:bold;\">Time Warner Cable<\/span>, had difficulty getting enough bank financing, according to the report.<\/p><\/blockquote>\n<p>Seriously, owning a cable company is about as near as you can come to legalized theft in this country, and <span style=\"font-weight:bold;\">Time F&#038;^%ing Warner<\/span> could not find financing?<\/p>\n<p>Merger and acquisition activity in the US is very close to collapsing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It just 86ed a deal to Carlyle Group to sell a cable company. The bidders could not raise the necessary money. The Washington Post reported the problems in the sale of Insight Communications, which Carlyle Group purchased for about $2.1 billion in 2005. Bidders including Time Warner Cable, had difficulty getting enough bank financing, according &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-199053","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\/199053"}],"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=199053"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/199053\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=199053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=199053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=199053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}