Not all boomerangs are made the same because some are of the non-returning sort; that's the piece of trivia I learned tonight from the Wikipedia. The type I know, having played with one when I was much much younger, is the returning type of boomerang.
I'm not sure which type Chuck Prince, former Citigroup CEO, knows. But even if he missed the fun of throwing a returning boomerang during his salad days, I'm sure he has learned by now that a returning boomerang could hurt the thrower himself, if he's not careful. Read this:
The one-time chief of Citigroup - who helped create the junk mortgage crisis that ultimately cost him his job - is now a housing victim like lesser folk because he can't find a buyer for his posh Greenwich, Conn., mansion.
Although he slashed $300,000 off the price to $5.85 million, Prince still can't find any takers for the five-bedroom home, a replica of a grand, 1920s-styled Tudor mansion, according to Bloomberg.
The house, built in 1987 on 2.3 manicured acres and featuring a swimming pool, has been on the block for six months.
Real estate agents say Prince might have to wait as long as a year for a buyer, since houses in the gilded suburb of Wall Street titans just aren't selling despite markdowns and a slide of 8.1 percent in just three months to a median price of $1.98 million.
If you have been a victim of the subprime mess, directly or indirectly, that news looks like a comeuppance of sorts, huh?
(Clipart credit: Coolclips.com)
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