I am a millionaire. Those laws are for you people. I drink big soda and smoke wherever I want.
On January 1st, Bill de Blasio will become the mayor of New York City which means Michael Bloomberg gets one more New Year’s Eve as mayor, and from what I understand, he is going to go all out this New Year’s Eve.
Early this year, Blackstone bought something called a credit default swap on debt that Codere owed to a third party, which means Blackstone would make money if Codere blew a loan payment to the other guys…then a short time later, Blackstone offers Codere a $100 million loan, with the condition that Codere pay the other loan to the other company late; the loan Blackstone had already bet that they would in fact pay late. So Blackstone loans Codere $100 million; Codere deliberately pays the other loan two days late; the credit default swap is triggered; and Blackstone collects $15 million in insurance money.
Now, I’m sure you’re asking yourself, “Hey! I think I saw something like that in Goodfellas when they get insurance on a restaurant and then deliberately blow the restaurant up.” But in Goodfellas, it was illegal; in the financial world, it’s above board.
Blackstone, which does sounds like it should be an evil wizard’s castle, but is actually a private equity firm so same deal.
"It’s possible [someone in the financial sector could go to jail]. It’s also possible I’ll resign tomorrow to pursue my real passion, rhythm gymnastics, but am I gonna? Nooooooo.”
RNC’s Twitter debacle and follow-ups over their Rosa Park’s tweet.
"Thanks to Rosa Parks, racism completely ended. That’s why all history books on racism post-1955 are completely empty."
"I hope [Pope Francis’s] message is heard and someday Macy’s will truly honor the spirit of Christmas."
It seems like the only that has changed because of Sharia Law is one YMCA pool’s schedule’s white board…but I can see how that can be traumatic.