4min chapter

Wall Street Unplugged - What's Really Moving These Markets cover image

Get ready for a real estate collapse

Wall Street Unplugged - What's Really Moving These Markets

CHAPTER

Blackstone

In Blackstone's disclaimer, it says there is no public trading market for a common stock and repurchase of shares by us will likely be the only way to dispose of your shares. If you're invested in this fund, you basically fucked outside of the 2% redemption you're allowed to last the management every month. It reminds me of 2006 or early 2007 when the cracks in the foundation started the show. This is where a new century financial corp started to see massive losses.

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