Carson Block, Founder of Muddy Waters Capital, makes the case that Blackstone Mortgage Trust, Inc. (BXMT) could be at risk of a liquidity crisis. At the heart of its thesis, Muddy Waters believes that 70%-75% of BXMT’s borrowers may be unable to cover interest expenses.
Although the Shark of Wall Street (“Carson”) isn’t donning his trucker sweater, he does have another colorful shirt for this week’s podcast. For those of you who’ve seen Episode 33 of ZFG (Stocks and Cocks at Fashion Week), it needs no explanation. But by some twist of the imagination, might he be trying to tell us that he actually enjoyed his TSA touch-up?
If at all possible, try to divert your attention away from the t-shirts. The first rule of T-Shirt Club is: you do not talk about the damn t-shirts! The larger issue at hand isn’t Freddy trying to revive the puffer style from the 1980s, it’s the onerous regulations placed on private funds, particularly in light of the absurd proclamations frequently spewed by Cathy Wood.
Recent Comments