Even financially literate bookworms, however, may at times struggle to keep pushing through pages of dense jargon. In the process, it also controversially terminated some large bond guarantees.Īn eccentric Illinois judge, whose final ruling ultimately stunned bankruptcy aficionados, and the rantings from the Masters of the Universe make the book entertaining, maybe essential, reading across Wall Street. The Caesars parent company, ostensibly to help it raise cash, sold off its more promising Las Vegas properties and intellectual property, at questionable prices, to entities controlled by its two owners. Despite the multiple complicated lawsuits and tortuous subplots, including an amusingly consequential fight over valuing Britney Spears’ residency at Planet Hollywood, most of the high drama revolves around a series of transactions orchestrated by Apollo and TPG.
