SPOTLIGHT: Steve Schwarzman's faux pas

According to the New York Post, this is how the chief of the Blackstone Group described a failed deal for a mortgage company: "No one in the world would lend us money. It is the first time we haven't performed." He followed that up by saying: "Trying to buy a mortgage bank in the midst of the subprime crisis was the equivalent of being a noodle salesman in Nagasaki when the atomic bomb went off. Not a lot of noodles left, or even a person--and that's what happened to us on this deal." By the way, Blackstone just opened up a Japan office. Article