@magi_jay Sen. Murkowski lost the last R-primary she contested (then pulled R-version of Lieberman for CT). I don't think it hurts her electorally. Her prob, IMHO, is she's not a #democrat. & if she doesn't caucus w either D/R, may impact her committee status, which could hurt electorally
@magi_jay (tbc, if she were to decide she'd like to caucus with #Democrats, I'd be delighted. I disagree with her on much - I don't think she's a hero - but in the context of the times in which we live, I generally welcome reasonable human beings under a big tent)
@magi_jay (also I note I don't have tremendous expertise re: rules governing committee assignments & seniority - it's always been my broad understanding that it's mostly for the parties themselves to work out)
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I support @DeutscheBank declaring they'll no longer do biz w/ Mr. Trump. Not like he's a profit center, he's loss leader at institution w/ crippled reputation. That said if firm line is "fastest way to sever ties=forgive $300mm defaulted loans"=I'd rather they have said nothing.
(it would be indeed be true that most expeditious cutting of ties would be forgiveness. & frankly, the President has stiffed even his institutional lenders to such an extent that there's probably a special line item reserve just for him) (cont)
But if the reporting is accurate that Mr. Trump has personally guaranteed these loans, Deutsche, should it so choose, virtually certainly can put him into corp & personal bankruptcy - it'd be stunning if loan docs don't have cross-default & cross-acceleration clauses (cont/
#Yankees#Finance Hal (ultimately via Yankees Global Enterprises holdco that owns the team, YES stake etc.) is indeed getting paid some. But don’t confuse SIxth Street’s $50bn AUM as bearing on price. Deal values Legends at $1.35bn. Yanks will own 24.5% after close. BUT (1/5)
#Yankees NB, in 2017, New Mountain Capital bought ~33% of Legends (biz was then valued at $700mm, so man valuation has risen). New Mountain is being taken out in this deal, so ~$455mm goes to them, ~$233mm split roughly evenly between Yanks/Cowboys (2/5)
#Yankees (my understanding & all reports I see suggests Yankees/Cowboys stake is evenly split). So you’re looking at prob ~$116.5mm cash consideration when deal closes & Yankees Global Enterprises keeps large minority stake in what’s been high growing, cash cow biz (3/5)