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Backseat Driver

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Hometown: Ohio
Member since: Sun May 5, 2019, 05:28 PM
Number of posts: 2,780

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Christine Daley, Lehman's Star Distressed Debt Analyst, Dies


(Bloomberg) -- Christine Daley, a veteran analyst who headed Lehman Brothers’ distressed debt team before the firm’s collapse in 2008, has died.

The New York-based investment bank Seaport Global Securities LLC., Daley’s most recent employer, confirmed her death on Sunday. “The firm extends our deepest condolences to Christine’s family,” a spokesperson told Bloomberg News. No cause of death was given. Daley was born in July 1958, according to public records. [snip]

A graduate of the College of New Rochelle and NYU Stern School of Business, Daley joined Bear Stearns in the high yield and bankruptcy department and worked there until 1993. She later became a managing director at Lehman Brothers, where she led the distressed debt and special situations proprietary desk, and oversaw distressed debt and high yield research.

After the collapse of Lehman Brothers during the global financial crisis, Daley joined Oak Hill Advisors in 2009 as managing director of the firm’s investment team. In 2011, she joined River Birch Capital, a hedge fund co-founded by ex-Lehman President and COO Bart McDade that shuttered in late 2018, before switching to Seaport Global.

Read more...[snip]
Posted by Backseat Driver | Mon Jul 27, 2020, 01:37 PM (0 replies)

Amid virus, Nicaragua drops celebration, readies monument


President Daniel Ortega's government is being deterred by the coronavirus from holding the usual mass celebration to mark the July 19 victory of Nicaragua's revolution. Instead, it will unveil a new addition to its collection of monuments in the old city center of Managua. The 3½-ton Peace Bell will toll atop a 55-foot (17 meters) concrete tower not far from a grove of "Trees of Life," the huge abstract steel trees painted in garish colors that were sowed about the capital by Vice President Rosario Murillo, wife of the former revolutionary leader Ortega. Flower gardens and benches will surround the tower.

While the government had announced the bell tower would be inaugurated Friday afternoon, work continued at the site late into the day and there was no ceremony. There was no official announcement of a new time. In one of the few signs that Ortega's government is beginning to take the pandemic more seriously, this will be the first time in 41 years that throngs of people won't gather for the July 19 anniversary of the downfall of dictator Anastasio Somoza. Instead, a virtual concert is to be broadcast Saturday night and the bell will be formally dedicated at some point.

For months the government downplayed the coronavirus, keeping schools open and encouraging mass events while the rest of the world called for social distancing. International health organizations have repeatedly urged the government to take action while the public witnessed "express burials" and spreading illness. Some have criticized the bell project as a whim by Murillo at a time that Nicaragua's already struggling economy has been paralyzed by the pandemic. [snip]

The world has gone crazy! One thing for sure: You can't trust statistics anywhere in the world the admin doesn't want them known. Meanwhile, somewhere along the line, one of the poorest nations with plenty of their own to mourn, raises an expensive bell tower in a bit of landscaped green space.

Posted by Backseat Driver | Sat Jul 18, 2020, 03:08 AM (0 replies)

US sanctions son of Nicaragua President Daniel Ortega


MANAGUA, Nicaragua -- The United States Treasury sanctioned a son of Nicaragua President Daniel Ortega and Vice President Rosario Murillo Friday, as well as his communications company,for alleged ties to drug trafficking.

The U.S. Office of Foreign Assets Control added Juan Carlos Ortega to its list of “Specially Designated Nationals.” The designation means his assets in the U.S. are blocked and “U.S. persons are generally prohibited from dealing with them.”

Juan Carlos Ortega is the third son of the ruling couple to be sanctioned by the United States. Some 22 people close to Ortega and Murillo have been sanctioned, including Murillo herself, since late 2017. A known Nicaragua political operator, José Mojica, was also added to the list.

There was no immediate reaction from the Nicaraguan government. [snip]

So Munchies came across this, did he?
Posted by Backseat Driver | Sat Jul 18, 2020, 02:51 AM (0 replies)
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