Blackstone's Schwarzman Places Chips Overseas

by Derek Loosvelt | December 08, 2010

Ben Beranke can't tie his own shoes, President Obama can't spell stimulus, and all the markets fit to invest in lie beyond the borders of the U.S. of A.

So said Blackstone CEO Stephen Schwarzman yesterday at the Goldman Sachs U.S. Financial Services conference.

Schwarzman, who's been rumored to be moving his base from New York to Paris to take advantage of the moist deal markets abroad, offered numerous "barely veiled critical words for the Obama administration" during his speech such as "the political calculus of the last two years hasn't resulted in a winning calculus."

The infamous pill popper (who disguised himself as fashion icon Karl Lagerfeld this past All Hallows' Eve) also apologized for Blackstone President Hamliton James's absence, saying, "He's in Brazil. Which should tell you a little bit about the way the world is headed." (DealBook)

Filed Under: Finance


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