The Big Apple: Blind Pool

Above, a plaque remaining from the Big Apple Night Club at west 135th Street and Seventh Avenue in Harlem.

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Above, Big Apple Corner at 54th Street and Broadway in Manhattan.

Above, John J. Fitz Gerald, from the Oct. 17, 1931, Turf Play, p. 7.

Listen to Robert Emmerich introduce The Big Apple, a hit song from 1937. Music written by Bob and performed by Tommy Dorsey's Clambake Seven with Bob on piano. Lyrics written by Buddy Bernier and sung by Edythe Wright. Audio provided by Dorothy Emmerich.

This site is edited by Barry Popik. Technical matters are handled by Grant Barrett of Double-Tongued Word Wrester Dictionary.

Entry from November 14, 2009

Blind Pool

Entry in progress—B.P.

The Big Money
Word of the Week
“blind pools”
By Caitlin McDevitt
Posted Friday, November 13, 2009 - 2:05pm
The Wall Street Journal had a report this morning about former bank executives starting up “blind pools.” Like “dark pools,” which TBM explained recently, these things sound murky. How do “blind pools” work? Like this: Investors commit money to a certain fund. The people in charge of that fund then decide how to invest their money, often leaving investors in the dark about where it ends up. In this case, people are forming blind pools to buy up failed banks in FDIC-run auctions.

Posted by Barry Popik
New York City • Banking/Finance/Insurance • (0) Comments • Saturday, November 14, 2009 • Permalink