Cosmopolitan Gives Itself A Break

The Cosmopolitan of Las Vegas has been hit or miss with visitors. One day you’ll have an amazing time, the next day you’ll be more frustrated than you’ve ever been with the people at a casino. Read any of the blogs on the right side of the page and you’ll see this. Since nobody is giving the Cosmo a break they figured they might as well give themselves a break. Instead of paraphrasing I’ll just take the whole comment from Stiffs and Georges, because there’s not much that can be said that wouldn’t be repeating the thought.

As I posted yesterday, Deutsche Bank has decided to simply waive $756 million it owes … well, basically to itself for building The Cosmopolitan of Las Vegas, reducing the tab (on paper) from $4.1 billion to $3.3 billion. Wouldn’t our lives be easier if we could simply raise or lower our own break-even point by mere decree? For instance, my recent ankle sprain has left me with a $125 bill from the orthopedist. Were I Deutsche Bank, I would reply that I’m taking an 18% “writedown” on the bill and sending $102.50 instead. I’m sure they’ll understand. And if you apply this logic to your car payments and mortgage, I’m confident you’ll face no consequences whatsover! At least not if you’re a major Wall Street institution … or Caesars Entertainment, for that matter.

Seriously…