Chris Flowers take a hit
A few guys seemed to really "benefit" from the financial crisis. Jamie Dimon's stature has been elevated. So, too, has Larry Fink's. There was a point at which Chris Flowers seemed to similarly be a man in the middle. He was certainly a must-call sort of guy when Wall Street was grappling with implosions at Lehman Brothers, AIG and Merrill Lynch. He didn't bailout any of those firms, but there have been others that have made his life miserable.
Reports Fortune: "Flowers is struggling to salvage a series of ill-timed investments that he made just before the financial crisis got really ugly...His billion-dollar stakes in Japan 's Shinsei Bank and in Hypo Real Estate and HSH Nordbank, both in Germany, have crumbled."
For more:
- here's the profile
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