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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (25974)10/9/2000 3:00:43 PM
From: Ken98  Read Replies (2) of 436258
 
Re. credit crunch - look at Tom Hicks' involvement in just the 2 deals I was talking to Luc about. $500M blown on ICGX and another $500M blown on the theater chain - both investments diving to zero. The story on the theater deal clearly indicated that it was financed by a bank consortium led by BofA. I am assuming the ICGX deal was similarly financed. All of these guys like Hicks LOVE to lever their returns.

There are going to be some pretty serious writedowns for the lenders involved. Ahhh, money heaven...
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