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Who is Andy Beal?
Tuesday, March 18, 2008
In many ways, Andy Beal is like you and me - he doesn't like what the Federal Reserve has been doing lately, seeming to take one step closer every day to outright purchases of toxic mortgage waste that has infected Wall Street since last summer.
The big difference between Andy Beal and people like you and me is that Andy Beal is rich. Not only is Andy rich, he's self-made.
And when you're rich and self-made, sometimes, you tend to be outspoken.
So outspoken, in Andy's case, that you don't think twice about plunking down a couple hundred thousand dollars to place a full page ad in the Wall Street Journal to voice your displeasure with the Fed.
There's a part missing in the middle, but it was hard enough to get these two pieces scanned on a little 8.5" x 11" Epson - you get the idea.
2 comments:
He's rich, outspoken, and used to like playing high stakes poker. That is, until he lost $16 million to a syndicate of professional poker players during a well publicized match in 2006.
http://www.pokernews.com/news/2006/2/beal-corporation-finished.htm
While the aforementined fact is correct, it neglects to take into account prior wins by Beal that seem trumped by his terrific finale. As for the WSJ post- he could not be more right
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