Landry's Restaurants Deal in QuestionRecent tightening in the credit markets is putting the Landry's Restaurants ( LNY) $21-per-share takeover deal in jeopardy. Apparently, Landry's CEO Tilman Fertitta may not be able to find funding to complete his takeover of the company at $21 a share, and is in talks with Jefferies and Co. to get financing for a deal at a substantially reduced price. The company itself has felt the effects of the weak economy and consumers cutting costs. The company also operates The Crab House and Rainforest Cafe restaurant chains. We mentioned the arbitrage risk that is in the market and have removed the names we had been recommending from our "Recommended" list. Investors in these shares should not be surprised if the deal gets done at a price that is considerably under the $21 price. We would look elsewhere for better opportunities. Landry's Restaurants is not recommended at this time, holding a Dividend.com Rating of 3.0 out of 5 stars. General Growth Properties Insiders Bet Wrong, to the Tune of $588 Million Today's Wall Street Journal included an amazing article about the big bet that company insiders made on General Growth Properties ( GGP). The article states that founders of General Growth Properties -- with the help of a $588 million dollar loan from Citigroup ( C) -- acquired 12.5 million shares earlier this year -- that's over $47 per share of GGP. Despite the stock's recent drop to $5 per share, the Bucksbaum family has not had to repay the debt yet, according to a source familiar to the matter. The $588 million question is why Citigroup would want any part of this type of loan, when Citi itself is struggling to pay off $27 billion in debt. Unless Citi is first in line on any property liens, which is very unlikely, this case is another example of bad execution on the banking side. We have been avoiding shares of GGP -- and would look elsewhere for better opportunities.