I would like to see some buybacks by employees of these companies for pennies on the dollars to screw these guys back. Then build the companies back strong.

LOL

Watch you 401K's people...



From the article: "While most analysts said KKR Financial's announcement won't result in any losses for the firm, it rekindled concerns that the short-term debt market continues to be frozen after a brief rebound in early January.

That has left institutions such as pensions and money-market funds holding securities they can't cash in.

Florida's State Board of Administration, which manages money for municipalities in the Sunshine State, has $500.7 million invested in KKR Financial's debt. "

luv Henry Kravis. in the go-go 80's I was at Park & 57th. his driver was waiting for light to change while HK, in the back seat, amused himself by picking his nose, unaware anyone would notice. oh, to have had a phone/camera! HK, goin' for the gold! booger lovers of America rejoice! BTW, this credit crisis has only JUST BEGUN. is it true that auto/SUV repo's are now escalating?

Kravis and his ilk are nothing more than pedigreed auto junkyard dealers.

Funny-money lending practices bear their own karma...

If a company like KKR goes down in this whole mess--then it would sure as hell be worth it--this company produces nothing of real value, save making money for its managers and "share holders." What KKR does as a business is to serve as the business equivalent of many Hurricane Katrinas---when it buys businesses--its goal is to not try to bring those companies to back to health and be profitable, productive companies--it goes in and merely "extracts any remaining value" leaving the empty crumbled shell of the now defunct companies left on the ground like so much trash. What they do destroys lives and weakens communities--many of them look like what New Orleans and the Gulf Coast did when a real storm was through with them---
I would be most happy to see KKR go down--but they are slick bastards and know how to work the system---they will unfortunately most likely rebound and will continue on gutting companies and making a handful of people insanely rich, all the while playing a role in the fall of America.

Awwwwwwww! Trickle down economics not working for Wall street, either?

Tooooooooo fuckin' bad, assholes!! Guess that means no new Lexus for the mistress, huh?

Don't worry, tho. George & Dick will arrange everything so the American taxpayer is left (bending over) with the bill!

Wouldn't be surprised if somehow they start cutting down all those forests they acquired from Pacific Lumber and damn whatever the locals say and whatever laws they break-they'll just say we had to generate a lotta revenue quickly.

Well we know one group who's sitting on a mound toxic CDO's now don't we? I have no sympathy what so ever for them.