Saturday, November 13, 2010

Its not a complicated business - we don't need 30-40X leverage - Felix Rohatyn November 9 2010

 You repay debt out of income.
And you can’t have income if you don't have things that produce income.
Felix Rohatyn November 9 2010 (Charlie Rose Interview)

Felix G. Rohatyn is an American businessman and investment banker and has also served in public service. In 1990, he received The Hundred Year Association of New York’s Gold Medal Award “in recognition of outstanding contributions to the City of New York”. Many credit Rohatyn with saving the city from Bankruptcy when he intervened as a financial advisor in the late 1970’s.ons to the City of New York”. Many credit Rohatyn with saving the city from Bankruptcy when he intervened as a financial advisor in the late 1970’s.

No comments: