Ohmygodyall, Have you read Dealbreaker’s summary of Marc Dreier’s interview with Vanity Fair? Priceless. And I’m sure his attorneys are basically calling out into the hallway to a group of paralegals, “Hey, just start shredding those Dreier files. We’re not going to need them anymore.”
Either Marc Dreier’s heart has grown three sizes, and now he wants to unburden himself – completely or that motherfucker is an idiot.
Maybe a little of both. But ohmygod, if I were on his payroll as counsel, I would so advise him do not do an interview with Vanity Fair in which you admit that you created a quote-unquote hedgefund. Are you hearin’ me, dawg?
I think the money quote is this one:
For months he brooded over the wreckage of his life. His epiphany, Dreier remembers, came in the summer of 2003, during a long walk he took on the beach near his vacation home, in Westhampton Beach, New York. He experienced a moment of clarity, he says, in which he saw the path he needed to take. It happened one day when he found himself staring at a palatial beachfront home. His own house was inland. He had always wanted one right on the beach.
The beach house, you see, was the key to feeling good again. Marc Dreier was upset because of 9/11 (no, seriously, read the interview) and because his wife left him so he felt like he was destined to be great and it was time to start being great.
So basically, with the beach house in mind, I guess you see now why envy is such a destructive force.
I quote Dealbreaker:
It’d be enough to send anyone to a place where the next logical thing to do would be impersonate hedge fund managers and stage fake conference calls! And honestly, not to insult anyone here, but do you know how easy it is to scam these hedgie guys? Like crazy easy. It almost seems like the crime would be to not scam them, if you think about it.
In his own words:
If he was to become a thief, Dreier reasoned, his target was obvious: hedge funds. It was 2004, and every dinner party he attended seemed to be thronged with young hedge-fund billionaires eager to throw around investment money. “I had to come up with some quote-unquote great idea for a hedge fund,” Dreier remembers. “I couldn’t sell anything tangible. It had to be a financial instrument at some level to sell to a hedge fund. So I came up with the idea of selling debt.”
That quote-unquote is killing me.
“I expect to spend most of the rest of my life in prison,” he tells me. “I hope I don’t die there. I’ve been blessed with good genes, you know.
So we haven’t seen the last of Marc Dreier.
The interview was complete with a photo shoot:
Bottom left is Blue Steele if I’ve ever seen it. The middle bottom is Magnum and the bottom right is Sexyface.