Posted
5:35 PM
by Gene
BizWeek's inveterate sycophant G-Man can't stop hugging himself: Marvel Entertainment's become a MOVIE STUDIO.
Better to say the movie biz has become MARVEL ENTERTAINMENT.
P. S.Michael Blum, who led Merrill Lynch & Co. units that packaged mortgage bonds and bankrolled Hollywood films including ``Iron Man,'' will leave as Chief Executive Officer John Thain scales back the securitization business, two people familiar with the matter said.Gosh! Bad mortgages and bad -- pardon,
SUPERB movies are RELATED?!?
A lawyer by training, Blum helped oversee Merrill's $1.3 billion purchase 17 months ago of First Franklin Financial, a subprime lender the firm is shutting down. He also helped arrange a $525 million loan package for Marvel Entertainment Inc. used to produce films including ``Iron Man,'' which took in about $100 million of ticket sales in its opening last weekend.I guess the $100 million makes up for all those BAD MORTGAGES.