Friday, January 2, 2009

The Bush Discount

The Yellow Rose in Crawford, Texas marked down George W. Bush merchandise up to 30%. Cousin George Hebert Walker bought Neuberger Investment Management for a whopping 58% off, with no money down. Neuberger management saved $1.2 billion relative to a competing offer. Brother Jeb may get a stake in Lehman's PE, pricing is not yet clear. Which will be the better deal?