Dr. Debt

Vardi, Nathan
May 2009
Forbes Asia;5/25/2009, Vol. 5 Issue 9, p25
The article reports that deputy sheriffs of New York City and representatives of JPMorgan Chase & Co. seized 29 paintings worth $23 million from an apartment owned by Louis Reijtenbagh, a cardiologist. The paintings were seized to recover $765 million of loans from Reijtenbagh, who went on a borrowing spree that forced financial firms to locate assets which secured the loans.


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