September 29, 2008
Where is Morgenson on the WaMu/TPG Deal?
Morgenson, the muckraking business columnist of the New York Times, blasted the TPG buyout of MaMu a few months ago. It diluted shareholders, she screamed. I answered that she had done a hatch job and that MaMu shareholders should thank TPG for throwing money away on the company. Now that TPG has lost its entire investment on the declaration of the MaWu bankruptcy, where is Morgenson? She will do a hatch job on something else. She never understood the initial risks of the TPG buyout deal, and many of other the deals she covers, and it shows.
September 29, 2008 | Permalink
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