{"id":931,"date":"2017-02-10T17:36:08","date_gmt":"2017-02-10T09:36:08","guid":{"rendered":"https:\/\/www.houquner.com\/?p=931"},"modified":"2017-02-10T17:36:08","modified_gmt":"2017-02-10T09:36:08","slug":"%e3%80%90%e6%8a%95%e8%a1%8c%e7%ae%80%e5%8f%b215%e3%80%91%e6%a9%a1%e6%a0%91%e8%b5%84%e6%9c%ac%ef%bc%9a%e5%8d%8e%e5%b0%94%e8%a1%97%e7%a7%83%e9%b9%ab%ef%bc%8c%e5%9c%a8%e5%9e%83%e5%9c%be%e5%a0%86","status":"publish","type":"post","link":"https:\/\/www.houquner.com\/index.php\/archives\/931","title":{"rendered":"\u3010\u6295\u884c\u7b80\u53f215\u3011\u6a61\u6811\u8d44\u672c\uff1a\u534e\u5c14\u8857\u79c3\u9e6b\uff0c\u5728\u201c\u5783\u573e\u5806\u201d\u4e2d\u6dd8\u91d1"},"content":{"rendered":"

\"\"<\/p>\n

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\"\"\u6a61\u6811\u8d44\u672c\u8054\u5408\u521b\u59cb\u4ebaHoward Marks<\/p>\n

Howard Marks\u672c\u79d1\u5c31\u8bfb\u4e8e\u5bbe\u5915\u6cd5\u5c3c\u4e9a\u5927\u5b66\u6c83\u987f\u5546\u5b66\u9662\uff0c\u4e13\u4e1a\u662f\u91d1\u878d\u5b66\uff1bMBA\u5c31\u8bfb\u4e8e\u829d\u52a0\u54e5\u5927\u5b66\uff0c\u4e13\u4e1a\u662f\u4f1a\u8ba1\u548c\u5e02\u573a\u5b66\u3002\u5982\u4eca\uff0c\u4ed6\u662f\u4e00\u540d\u7279\u7ea6\u91d1\u878d\u5206\u6790\u5e08\u548c\u7279\u7ea6\u6295\u8d44\u987e\u95ee\u3002Marks\u5728\u82b1\u65d7\u6295\u8d44\u7ba1\u7406\u516c\u53f8\u670d\u52a1\u4e8616\u5e74\uff0c\u6b64\u540e\u52a0\u5165TCW\uff0c1995\u5e74\u4e0e\u5176\u4ed6\u521b\u59cb\u4eba\u4e00\u8d77\u7ec4\u5efa\u6210\u7acb\u6a61\u6811\u8d44\u672c\u3002Marks\u81ea1969\u5e74\u8d77\u5c31\u4ece\u4e8b\u6295\u8d44\u7ba1\u7406\u884c\u4e1a\uff0c\u662f\u8be5\u884c\u4e1a\u7684\u201c\u5148\u950b\u8005\u201d\u3002<\/p>\n

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 <\/p>\n

\u8fd0\u4f5c\u6a21\u5f0f<\/span><\/strong><\/p>\n

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\u6210\u540d\u6848\u4f8b<\/strong><\/span><\/p>\n

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\"\"<\/p>\n

Conseco Inc.\u66fe\u662f\u4e00\u5bb6\u5728\u7f8e\u56fd\u7ebd\u7ea6\u8bc1\u5238\u4ea4\u6613\u6240\u6b63\u5f0f\u6302\u724c\u4e0a\u5e02\u7684\u6781\u5177\u5b9e\u529b\u7684\u91d1\u878d\u4fdd\u9669\u516c\u53f8\uff0c\u4e3a\u7f8e\u56fd\u6700\u5927\u7684\u4eba\u5bff\u533b\u7597\u4fdd\u9669\u516c\u53f8\u4e4b\u4e00\uff0c\u5176\u4e3b\u8981\u4e1a\u52a1\u8303\u56f4\u904d\u53ca\u4eba\u5bff\u3001\u533b\u7597\u4fdd\u9669\u3001\u57fa\u91d1\u548c\u8d44\u91d1\u7ba1\u7406\u3001\u5b9e\u4e1a\u6295\u8d44\u3001\u80a1\u7968\u8bc1\u5238\u3001\u6d88\u8d39\u8d37\u6b3e\u7b49\u9886\u57df\u3002\u81ea\u4e0a\u4e16\u7eaa90\u5e74\u4ee3\u672b\u671f\u7684\u5927\u578b\u6536\u8d2d\u8ba1\u5212\u5931\u8d25\u540e\uff0c\u516c\u53f8\u4e00\u8e76\u4e0d\u632f\uff0c\u503a\u52a1\u603b\u989d\u4e0d\u65ad\u7d2f\u79ef\u3002\u516c\u53f8\u4e8e1998\u5e74\u6536\u8d2dGreen Tree Financial\u540e\uff0c\u503a\u52a1\u5371\u673a\u8fdb\u4e00\u6b65\u52a0\u91cd\u2014Green Tree\u5728\u884c\u52a8\u548c\u9884\u5236\u623f\u5c4b\u9886\u57df\u7684\u4e0d\u826f\u8d37\u6b3e\u6c89\u91cd\u6253\u51fb\u4e86Conseco\u7684\u8d22\u52a1\u57fa\u7840\uff0c\u540e\u8005\u7684\u4e1a\u52a1\u81ea\u6b64\u6bcf\u51b5\u6108\u4e0b\u3002<\/p>\n

2002\u5e74\u590f\u5929\uff0cConseco\u88ab\u7ebd\u7ea6\u4ea4\u6613\u6240\u9664\u724c\uff0c\u5e76\u9762\u4e34\u7740\u7f8e\u56fd\u8bc1\u76d1\u4f1a\u7684\u8c03\u67e5\u30022002\u5e7412\u670818\u65e5\uff0c\u603b\u8d44\u4ea7\u8fbe523\u4ebf\u7f8e\u5143\u7684Conseco Inc\u6b63\u5f0f\u5411\u6cd5\u5ead\u7533\u8bf7\u7834\u4ea7\u4fdd\u62a4\uff0c\u4ece\u800c\u6210\u4e3a\u7f8e\u56fd\u7b2c\u4e09\u5927\u7533\u8bf7\u7834\u4ea7\u4fdd\u62a4\u7684\u516c\u53f8\u3002\u5176\u8d44\u4ea7\u603b\u989d\u4ec5\u6b21\u4e8e\u4e16\u754c\u901a\u8baf\u548c\u5b89\u7136\uff0c\u4e8e\u7834\u4ea7\u4e4b\u65e5\u5171\u8d1f\u503a512\u4ebf\u7f8e\u5143\u3002\u7834\u4ea7\u7533\u8bf7\u65b9\u6848\u5305\u542b\u4e86\u6bcd\u516c\u53f8Conseco Inc.\u4ee5\u53ca\u4f4d\u4e8e\u660e\u5c3c\u82cf\u8fbe\u5dde\u5723\u4fdd\u7f57\u7684Conseco Finance Corp.\u548c\u5176\u6d88\u8d39\u91d1\u878d\u5206\u516c\u53f8\u3002Conseco\u7684\u4fdd\u9669\u4e8b\u4e1a\u90e8\u5e76\u672a\u5305\u542b\u5728\u7834\u4ea7\u7533\u8bf7\u4e4b\u4e2d\u3002<\/p>\n

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\u25a0<\/span>\u8054\u624b\u79c1\u52df\uff0c\u8c0b\u5212\u503a\u6743\u2014 Finova\u503a\u52a1\u6295\u8d44\u6848<\/p>\n

\"\"<\/p>\n

Finova Group Inc\u662f\u4e00\u5bb6\u63d0\u4f9b\u4e2d\u5c0f\u4f01\u4e1a\u91d1\u878d\u670d\u52a1\u7684\u63a7\u80a1\u516c\u53f8\uff0c\u901a\u8fc7\u5176\u4e3b\u8981\u7684\u5b50\u516c\u53f8Finova Capital\u5f00\u5c55\u65e5\u5e38\u8fd0\u4f5c\u3002\u8be5\u516c\u53f8\u4e3b\u8981\u7ecf\u842510\u4e07\u7f8e\u5143\u81f33500\u4e07\u7f8e\u5143\u7684\u91d1\u878d\u4e0e\u8d44\u91d1\u5e02\u573a\u4ea7\u54c1\uff0c\u5305\u62ec\u5411\u5ba2\u6237\u63d0\u4f9b\u5faa\u73af\u548c\u8d44\u4ea7\u6807\u7684\u8d37\u6b3e\u3001\u4fe1\u7528\u53ca\u63d0\u4f9b\u8d44\u91d1\u56e0\u5e94\u62b5\u62bc\u4e0e\u501f\u6b3e\u9700\u6c42\u3002<\/p>\n

\u57282000\u5e74\u5e95\uff0c\u4ee5\u5df4\u83f2\u7279\u4e3a\u9996\u7684Birkshire\u57fa\u91d1\u3001\u6a61\u6811\u8d44\u672c\u7b49\u79c1\u6155\u57fa\u91d1\u5f00\u59cb\u9646\u7eed\u4e70\u8fdbFinova\u516c\u53f8\u7684\u503a\u6743\uff0c\u5f53\u65f6\u5b83\u5df2\u662f\u4e00\u5bb6\u53d1\u751f\u95ee\u9898\u7684\u8d22\u52a1\u91d1\u878d\u516c\u53f8\uff0c\u800c\u6b64\u4e3e\u53c8\u95f4\u63a5\u4fc3\u6210\u4e86\u540e\u6765\u7684\u503a\u52a1\u6295\u8d44\u6848\u3002Finova\u5f53\u65f6\u7ea6\u6709110\u4ebf\u7f8e\u5143\u7684\u503a\u52a1\u6d41\u901a\u5728\u5916\uff0c\u4e0a\u8ff0\u7684\u51e0\u5bb6\u516c\u53f8\u4ee5\u9762\u989d\u4e09\u5206\u4e4b\u4e8c\u7684\u4ef7\u4f4d\u4e70\u8fdb\u4e86\u5176\u4e2d\u7ea613%\u7684\u503a\u6743\uff0c\u5b83\u4eec\u9884\u4f30Finova\u5c06\u96be\u9003\u7834\u4ea7\u7684\u547d\u8fd0\uff0c\u4f46\u786e\u4fe1\u5728\u6e05\u7b97Finova\u4e4b\u540e\uff0c\u503a\u6743\u4eba\u53ef\u4ee5\u6536\u56de\u7684\u91d1\u989d\u5c06\u8d85\u8fc7\u5f53\u521d\u6295\u8d44\u7684\u6210\u672c\u3002Finova\u679c\u7136\u57282001\u5e74\u521d\u65e0\u6cd5\u6e05\u507f\u503a\u52a1\uff0c\u4e8e\u662f\u6a61\u6811\u8d44\u672c\u5c31\u8054\u5408Leucadia\u516c\u53f8\u5411Finova\u63d0\u51fa\u4e00\u9879\u89e3\u51b3\u65b9\u6848\u3002<\/p>\n

\u8be5\u63d0\u6848\u7ecf\u8fc7\u4fee\u6b63\u540e\u7684\u8fc7\u7a0b\u4e3a\uff1a\u6bcf\u4f4d\u503a\u6743\u4eba\u53ef\u4ee5\u5148\u62ff\u5230\u9762\u989d70%\u7684\u672c\u91d1\uff08\u4ee5\u53ca\u6240\u6709\u5229\u606f\uff09\uff0c\u5269\u4e0b\u768430%\u5219\u9886\u53d6\u5229\u73877.5%\u7684\u5206\u671f\u5e94\u4ed8\u7968\u636e\uff1b\u800c\u4e3a\u4e86\u8ba9Finova\u987a\u5229\u652f\u4ed8\u8fd970%\u7684\u672c\u91d1\uff0cLeucadia\u8ddfBerkshire\u5408\u7ec4\u4e00\u5bb6\u65b0\u516c\u53f8Berkadia\uff0c\u7531\u8fd9\u5bb6\u65b0\u516c\u53f8\u5411FleetBoston\u91d1\u878d\u516c\u53f8\uff08\u73b0\u5728\u7684\u7f8e\u6d32\u94f6\u884c\uff09\u501f\u4e8656\u4ebf\u7f8e\u5143\uff0c\u7136\u540e\u518d\u5c06\u8fd9\u7b14\u8d44\u91d1\u8f6c\u501f\u7ed9Finova\uff0c\u5e76\u7531\u5176\u53d6\u5f97Finova\u8d44\u4ea7\u7b2c\u4e00\u987a\u4f4d\u7684\u62b5\u62bc\u6743\uff1bBerkshire\u63d0\u4f9bBerkadia\u501f\u6b3e\u91d1\u989d90%\u7684\u4fdd\u8bc1\uff0c\u5269\u4e0b\u768410%\u5219\u7531Leucadia\u8d1f\u8d23\u62c5\u4fdd\uff0cBerkshire\u5219\u4e3a\u7b2c\u4e8c\u987a\u4f4d\u7684\u4fdd\u8bc1\u4eba\u3002\u5728Berkadia\u4ed8\u7ed9FleetBoston\u7684\u5229\u606f\u8d39\u7528\u4e0e\u6536\u5230Finova\u7684\u5229\u606f\u6536\u5165\u95f4\uff0c\u67092%\u7684\u5dee\u8ddd\uff0c\u8fd92%\u7684\u5229\u5dee\u5206\u621090%\u4e0e10%\u7531Berkshire\u4e0eLeucadia\u5206\u914d\uff0c\u800c\u622a\u81f32002\u5e74\u5e95\u4e3a\u6b62\uff0c\u8fd9\u7b14\u501f\u6b3e\u53ea\u5269\u4e0b39\u4ebf\u7f8e\u5143\u672a\u507f\u8fd8\u3002<\/p>\n

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\"\"<\/p>\n

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