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	<title>Wall Street Folly &#187; Apollo</title>
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		<title>Looks like TARP program gonna be extended; Greek finance minister says country won&#8217;t default; Istithmar lost control of W Hotel; Nomura won&#8217;t extend fixed Lehman bonuses;  Morgan Stanley reshuffling; Apollo stock offering; Barclays denies $5B Lehman windfall; AIG General Counsel may leave over pay flap; CIT emerging from bankruptcy; Tiger&#8217;s ads have disappeared</title>
		<link>http://files.wallstreetfolly.com/wordpress/2009/12/tarp-program-gonna-be-extended-greek-finance-minister-says-country-wont-default-istithmar-lost-control-of-w-hotel-nomura-wont-extend-fixed-lehman-bonuses-morgan-stanley-reshuffling-apollo-st/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2009/12/tarp-program-gonna-be-extended-greek-finance-minister-says-country-wont-default-istithmar-lost-control-of-w-hotel-nomura-wont-extend-fixed-lehman-bonuses-morgan-stanley-reshuffling-apollo-st/#comments</comments>
		<pubDate>Wed, 09 Dec 2009 12:54:27 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[AIG]]></category>
		<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[Barclays]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[Sports]]></category>
		<category><![CDATA[Tim Geithner]]></category>
		<category><![CDATA[Apollo]]></category>
		<category><![CDATA[CIT]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Nomura]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Sovereign wealth funds]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[Tiger Woods]]></category>
		<category><![CDATA[U.S. Treasury]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/?p=9541</guid>
		<description><![CDATA[

Geithner Said to Be Seeking TARP Extension Until Next October
Greece Finance Minister Says No Risk of Default
Jackson&#8217;s (W)Hole
Morgan Stanley reshuffles to take on Goldman
Morgan Stanley Ousts Petrick as Trading Chief, Promotes Porat
Nomura to wind down Lehman fixed bonuses
Apollo Investment plans to sell 10 million shares
Barclays Says Lehman Brokerage Sale Gave It No ‘Secret’ Gain
AIG General [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2009/12/tarp-program-gonna-be-extended-greek-finance-minister-says-country-wont-default-istithmar-lost-control-of-w-hotel-nomura-wont-extend-fixed-lehman-bonuses-morgan-stanley-reshuffling-apollo-st/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Obama&#8217;s AIG headache; Pinpointing when Madoff&#8217;s scam started key to loss calculations; Madoff trustee&#8217;s big fee bill; Hedge funds, others trapped in Lehman closer to getting $$$; Fed said to be looking for deTARPing plans;  Apollo still looking for NYSE listing; Nomura fined over mismarking; If Murdoch papers, others bolt to Bing, will Google take a hit?; GM return plan &#8220;a scam&#8221;?</title>
		<link>http://files.wallstreetfolly.com/wordpress/2009/11/obamas-aig-headache-pinpointing-when-madoffs-scam-started-key-to-loss-calculations-madoff-trustees-big-fee-bill-hedge-funds-others-trapped-in-lehman-closer-to-getting-fed-said-to-be-loo/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2009/11/obamas-aig-headache-pinpointing-when-madoffs-scam-started-key-to-loss-calculations-madoff-trustees-big-fee-bill-hedge-funds-others-trapped-in-lehman-closer-to-getting-fed-said-to-be-loo/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 13:45:22 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[AIG]]></category>
		<category><![CDATA[Bernie Madoff]]></category>
		<category><![CDATA[Carl Icahn]]></category>
		<category><![CDATA[Casinos]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[Fees]]></category>
		<category><![CDATA[Legal]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Apollo]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[Leon Black]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Nomura]]></category>
		<category><![CDATA[ponzi schemes]]></category>
		<category><![CDATA[Rupert Murdoch]]></category>
		<category><![CDATA[TARP]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/?p=9477</guid>
		<description><![CDATA[
AIG&#8217;s Rescue Bedevils U.S.
Start Date Is Critical in Ponzi Plan
Madoff liquidator seeks fees of $22.1m
Fed Said to Ask Stress-Tested Banks to Submit Plans on TARP
Billions in Lehman accounts unfrozen
Black’s Apollo Revives Plan for New York Stock Exchange Listing
U.K. Bankers Chafe Under the Microscope
Nomura Fined $2.9 Million for Mis-marking Derivatives
Murdoch courts trouble if he blocks Google [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2009/11/obamas-aig-headache-pinpointing-when-madoffs-scam-started-key-to-loss-calculations-madoff-trustees-big-fee-bill-hedge-funds-others-trapped-in-lehman-closer-to-getting-fed-said-to-be-loo/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Last banker out the TARP banks doors turn out the lights! &#8212; how will taxpayers get paid back if the talent bails as they surely will?;  Lobbyists said to abound at Citigroup despite taxpayer ownership; CIT and Goldman said to have a deal; The turnaround at Apollo, tensions with Calpers?; Limits on auto execs pay; Nokia sues Apple; Fortune slashes number of issues</title>
		<link>http://files.wallstreetfolly.com/wordpress/2009/10/last-banker-out-the-tarp-banks-doors-turn-out-the-lights-how-will-taxpayers-get-paid-back-if-the-talent-bails-as-they-surely-will-lobbyists-said-to-abound-at-citigroup-despite-taxpayer-ownershi/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2009/10/last-banker-out-the-tarp-banks-doors-turn-out-the-lights-how-will-taxpayers-get-paid-back-if-the-talent-bails-as-they-surely-will-lobbyists-said-to-abound-at-citigroup-despite-taxpayer-ownershi/#comments</comments>
		<pubDate>Fri, 23 Oct 2009 11:50:58 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[WSF]]></category>
		<category><![CDATA[Amazon]]></category>
		<category><![CDATA[Apollo]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Autos]]></category>
		<category><![CDATA[Bonuses]]></category>
		<category><![CDATA[Calpers]]></category>
		<category><![CDATA[CIT]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[Compensation]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[Lobbyists]]></category>
		<category><![CDATA[Nokia]]></category>
		<category><![CDATA[Revolving Door]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/?p=9161</guid>
		<description><![CDATA[
Wall Street Reacts With Skepticism, Anger on Moves to Cut Pay
Pay Master Navigated Some Conflicting Demands
Fed Hits Banks With Sweeping Pay Limits
Citigroup Taxpayer Ownership Doesn’t Prevent Lobbying
CIT and Goldman Strike a Deal on Debt
Apollo Pulls Off a Turnaround With Funds
After a Decade-Plus Together, Calpers Reviews Apollo Ties
Top execs at rescued auto firms to get 25% [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2009/10/last-banker-out-the-tarp-banks-doors-turn-out-the-lights-how-will-taxpayers-get-paid-back-if-the-talent-bails-as-they-surely-will-lobbyists-said-to-abound-at-citigroup-despite-taxpayer-ownershi/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Goldman cuts their 2009 S&amp;P 500 forecast; Gensler on Swaps regulation; Wall Street exodus leads to record office space availability;  Apollo may rescue Realogy</title>
		<link>http://files.wallstreetfolly.com/wordpress/2009/02/goldman-cuts-their-2009-s-gensler-on-swaps-regulation-wall-street-exodus-leads-to-record-office-space-availability-apollo-may-rescue-realogy/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2009/02/goldman-cuts-their-2009-s-gensler-on-swaps-regulation-wall-street-exodus-leads-to-record-office-space-availability-apollo-may-rescue-realogy/#comments</comments>
		<pubDate>Thu, 26 Feb 2009 14:14:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[CDS]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Apollo]]></category>
		<category><![CDATA[Distressed]]></category>
		<category><![CDATA[Real Estate]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2009/02/goldman-cuts-their-2009-s-gensler-on-swaps-regulation-wall-street-exodus-leads-to-record-office-space-availability-apollo-may-rescue-realogy/</guid>
		<description><![CDATA[

Goldman Sachs Cuts 2009 S&#38;P 500 Forecast, Sees ‘Near Term’ Drop
Swaps Need Regulation After Bank Losses, Gensler Says
Wall Street Banks Vacate Towers Pushing Empty Space to Record
Apollo May Invest $150 Million in Realogy After Loss



Goldman Sachs Cuts 2009 S&#38;P 500 Forecast, Sees ‘Near Term’ Drop
- Bloomberg

Goldman Sachs Group Inc.’s top U.S. strategist said the Standard [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2009/02/goldman-cuts-their-2009-s-gensler-on-swaps-regulation-wall-street-exodus-leads-to-record-office-space-availability-apollo-may-rescue-realogy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Back to its distressed investing roots for Apollo</title>
		<link>http://files.wallstreetfolly.com/wordpress/2009/02/back-to-its-distressed-investing-roots-for-apollo/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2009/02/back-to-its-distressed-investing-roots-for-apollo/#comments</comments>
		<pubDate>Tue, 03 Feb 2009 12:51:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Apollo]]></category>
		<category><![CDATA[Distressed]]></category>
		<category><![CDATA[Leon Black]]></category>
		<category><![CDATA[Private equity]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2009/02/back-to-its-distressed-investing-roots-for-apollo/</guid>
		<description><![CDATA[With the buyout market effectively shut down, private equity firms necessarily must look elsewhere for returns.&#0160; Apollo&#39;s focus will be on its roots: debt investing.&#0160; They&#39;ve apparently had little problem attracting money in this market, having finished raising nearly $15 billion in December; the fund is already around 20-25% invested, mostly in credit.&#0160; Apollo CEO [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2009/02/back-to-its-distressed-investing-roots-for-apollo/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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		<title>Ouch: Apollo&#8217;s Leon Black could be chemically impaired in a big way after adverse Huntsman court ruling</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/10/ouch-apollos-leon-black-could-be-chemically-impaired-in-a-big-way-after-adverse-huntsman-court-ruling/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/10/ouch-apollos-leon-black-could-be-chemically-impaired-in-a-big-way-after-adverse-huntsman-court-ruling/#comments</comments>
		<pubDate>Wed, 01 Oct 2008 14:02:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Apollo]]></category>
		<category><![CDATA[Leon Black]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[Private equity]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/10/ouch-apollos-leon-black-could-be-chemically-impaired-in-a-big-way-after-adverse-huntsman-court-ruling/</guid>
		<description><![CDATA[Texas justice coming after huge Huntsman victory?:&#160; Delaware Chancery Court Judge Stephen Lamb ruled that Apollo&#8217;s Hexion
Specialty Chemicals has to complete its merger with Huntsman Corp even though
Black &#38; Co argued that the combined company would be insolvent and that a
decline in Huntsman&#8217;s business voided the deal.
Worse for Black, after the Delaware court ruling he [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/10/ouch-apollos-leon-black-could-be-chemically-impaired-in-a-big-way-after-adverse-huntsman-court-ruling/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Apollo raising £1.1B to chase distressed debt</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/08/apollo-raising-11b-to-chase-distressed-debt/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/08/apollo-raising-11b-to-chase-distressed-debt/#comments</comments>
		<pubDate>Mon, 18 Aug 2008 14:41:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Hedge funds]]></category>
		<category><![CDATA[Apollo]]></category>
		<category><![CDATA[Blackstone]]></category>
		<category><![CDATA[Carlyle]]></category>
		<category><![CDATA[Distressed]]></category>
		<category><![CDATA[Private equity]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/08/apollo-raising-11b-to-chase-distressed-debt/</guid>
		<description><![CDATA[The chase for distressed debt is getting more and more crowded as Apollo is
the latest to raise money.&#160; It&#8217;s looking for over $2 billion for new
fund that will buy troubled loans from European banks.&#160; 
Other players involved in the distressed debt market include Blackstone, which raised a separate $1.3bn (£697m) fund to invest in the [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/08/apollo-raising-11b-to-chase-distressed-debt/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>No prepack for Linens &#8216;N Things as it files for chapter 11</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/05/no-prepack-for-linens-n-things-as-it-files-for-chapter-11/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/05/no-prepack-for-linens-n-things-as-it-files-for-chapter-11/#comments</comments>
		<pubDate>Fri, 02 May 2008 14:28:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[Apollo]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/05/no-prepack-for-linens-n-things-as-it-files-for-chapter-11/</guid>
		<description><![CDATA[

Just as we thought they would do: Linens &#8216;N Things abandoned any thoughts of a prepackaged bankruptcy and filed voluntary chapter 11 today.&#160; &#160;They&#8217;ll be closing 120 stores. GE Capital, its secured lender before the filing, is supplying the $700 million of debtor in possession financing.
We hear that Apollo and the bondholder steering committee, of [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/05/no-prepack-for-linens-n-things-as-it-files-for-chapter-11/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Sounds like Linens &#8216;N Things is getting closer to a bankruptcy filing&#8230;.</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/05/sounds-like-linens-n-things-is-getting-closer-to-a-bankruptcy-filing/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/05/sounds-like-linens-n-things-is-getting-closer-to-a-bankruptcy-filing/#comments</comments>
		<pubDate>Thu, 01 May 2008 15:26:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[Apollo]]></category>
		<category><![CDATA[LBO / MBO]]></category>
		<category><![CDATA[Leon Black]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/05/sounds-like-linens-n-things-is-getting-closer-to-a-bankruptcy-filing/</guid>
		<description><![CDATA[Could this be heading for liquidation?: According to the NY Post, sales have taken a dive at the Leon Black / Apollo LBO, and their cash position is getting worse.&#160; Large vendors are being paid up front to keep shipments going.&#160; That prepack that they were trying to do (of which we were skeptical) is [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/05/sounds-like-linens-n-things-is-getting-closer-to-a-bankruptcy-filing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Let the bankruptcy games begin: Apollo&#8217;s disastrous Linens &#8216;N Things a step closer to Chapter 11 after they said they wouldn&#8217;t be paying the bond coupon due today&#8230;</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/04/let-the-bankruptcy-games-begin-apollos-disastrous-linens-n-things-a-step-closer-to-chapter-11-after-they-said-they-wouldnt-be-paying-the-bond-coupon-due-today/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/04/let-the-bankruptcy-games-begin-apollos-disastrous-linens-n-things-a-step-closer-to-chapter-11-after-they-said-they-wouldnt-be-paying-the-bond-coupon-due-today/#comments</comments>
		<pubDate>Tue, 15 Apr 2008 13:41:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[Apollo]]></category>
		<category><![CDATA[Distressed]]></category>
		<category><![CDATA[Leon Black]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/04/let-the-bankruptcy-games-begin-apollos-disastrous-linens-n-things-a-step-closer-to-chapter-11-after-they-said-they-wouldnt-be-paying-the-bond-coupon-due-today/</guid>
		<description><![CDATA[

Chapter 11 Watch:&#160; Apollo&#8217;s ill-conceived Linens &#8216;N Things LBO&#160; is entering a new stage today: It&#8217;s not paying the coupon that&#8217;s due on its $650 million Floating Rate Notes.&#160; Ya, they have a 30 day grace period and say they&#8217;re working on a consensual prepackaged Chapter 11 plan, but you know what happens to retailers [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/04/let-the-bankruptcy-games-begin-apollos-disastrous-linens-n-things-a-step-closer-to-chapter-11-after-they-said-they-wouldnt-be-paying-the-bond-coupon-due-today/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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