Wednesday, May 13, 2009

Pete Peterson Checks His Bank Account

Have you ever checked your bank balance to see if a wire had hit?

Pete Peterson has done that at least once, also. Peterson, who played a major role in seeing that Timothy Geithner was named head of the New York Fed, writes in his soon to be released autobiography, according to Reuters:

Peterson said he was “simply astonished” when Blackstone’s underwriters valued the company at $31 billion and describes the day of the IPO when he called his bank to make sure that the wire transfer of proceeds of his sale of Blackstone shares had gone through. “I was an instant billionaire!” he recounts.

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