peHUB Second Opinion 7.14

Old Media is Doomed: Is BusinessWeek really only worth $1? (FT)

CIT is Small Enough To Fail: “The rest of the financial sector should be lobbying for it not to get bailed out.” (Baseline Scenario) Goldman Sachs Agrees. (Clusterstock)

Speaking of CIT: Breakingviews is drawing some parallels between the beleaguered lender and another lender that went through some nasty layoffs earlier this year: GE Capital. (Telegraph)

So Now We Know: What happens when buyout firms are working out sour deals on both sides of the table. We saw KKR and Apollo go through it earlier this year, and now Fortress is in a similar situation. (WSJ)

How Dead is M&A? Look at the Goldman 10-Q. Revenues from financial advisory are down 54% from Q2 last year. (Clusterstock)

However: Middle market M&A is showing signs of life. (Dealzone)

Yeesh: Apollo won’t let a little hair on its Harrah’s deal stop it from buying distressed casinos, nooo no no. (The Deal)

The Party MUST Go On: Merrill Lynch’s famous “Bulls in a China Shop” party was not deterred by the disappearance of Merrill Lynch. (Dealbook)

How to Write an MBA Admissions Essay: Be yourself. It’s that easy. (BW)

Barney Frank on the Daily Show:

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Barney Frank Pt. 1
www.thedailyshow.com
Daily Show
Full Episodes
Political Humor Joke of the Day

 

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Barney Frank Pt. 2
www.thedailyshow.com
Daily Show
Full Episodes
Political Humor Joke of the Day