David Stockman is on Neil Cavuto show at 8PM on Fox Business Channel

4-9-13

[dennisw]

If you want to hear David Stockman's critique of the US economy here is your chance

[x]

Love to see Dave's face when they ask him about the fraud charges a few years back.

But they won't.

[dennisw]

Ol Dave also piled up 150 million or so on the Wall Street he now condemns. He worked for the most evil of evil Blackstone Group who never make one false move. Even when things are crashing Winter 2008-Spring 2009. They are ultra cool and kept their cool.
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wikipedia

After leaving government, Stockman joined the Wall St. investment bank Salomon Brothers and later became a partner of the New York–based private equity company, the Blackstone Group.[11] His record was mixed at Blackstone, with some very good investments, such as American Axle, but also several large failures, including Haynes International and Republic Technologies.[12] During 1999, after Blackstone CEO Stephen A. Schwarzman curtailed Stockman’s role in managing the investments he had developed,[13] Stockman resigned Blackstone to start his own private equity fund company, Heartland Industrial Partners, L.P., based in Greenwich, Connecticut.[14]

On the strength of his investment record at Blackstone, Stockman and his partners raised $1.3 billion of equity from institutional and other investors. With Stockman’s guidance, Heartland used a contrarian investment strategy, buying controlling interests in companies operating in sectors of the U.S. economy that were attracting the least amount of new equity: auto parts and textiles. With the help of about $9 billion in Wall Street debt financing, Heartland completed more than 20 transactions in less than 2 years to create four portfolio companies: Springs Industries, Metaldyne, Collins & Aikman, and TriMas. Several major investments performed very poorly, however. Collins & Aikman filed for bankruptcy during 2005 and when Heartland sold Metaldyne to Asahi Tec Corp. during 2006, Heartland lost most of the $340 million-plus of equity it had invested in the business.[15]

[Grams A]

FOX Business was one of the very few channels I really enjoyed and that was informative but had to let it go because of the cost. Wish they would move all of the people on that channel to the regular FOX station. Cavuto is absolutely one of the best.

[Excellence]

I’m actually reading his book. It is a history book; the book’s punch line is no one learned from history.

[dennisw]

Since it’s a history book (thanks!) I just put a reservation in for it at my library. Thanks for the recommendation

[BfloGuy]

Ol Dave also piled up 150 million or so on the Wall Street he now condemns. He worked for the most evil of evil Blackstone Group who never make one false move

That doesn't make what he says wrong now. I think the home mortgage deduction is foolish policy, for example, but I took it when I had one. That does not make me a hypocrite.

His book is very good and his analysis correct [IMO].

[dennisw]

You are right...getting his book from library anyways. He has always been an intriguing thinker. I followed his saga in then out of The Ronald Reagan admiration.

[Excellence]

I couldn’t watch interview and can’t find video. If you have a link to the actual interview, please post it.

[dennisw]

No Cavuto but here are other Stockman interviews. The last is long and recent

http://www.youtube.com/watch?v=jKprapaBXPo

http://www.youtube.com/watch?v=x6hmrk8kvE4

http://www.youtube.com/watch?v=Zi1g_PmtQHA

[Excellence]

Thanks for that.
I’m still reading the book.