Thursday, January 21, 2010

Winter Olympics - Foreclosed

Okay, not really, but just pretending to be a journalist for the day with a catchy misleading headline. NPR reported this morning that the Intrawest foreclosure impacts some of the property the Games are being held on.

Intrawest was bought out by Fortress (yeah, the same guys that just issued that BALL 2009-FDG deal, but this is totally different, totally) and Lehman financed it in 2006. It's not working out well.

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