screw you guys, i’m going … hoooome…

[drunkle]

http://online.wsj.com/article/SB119492391355890969.html?mod=yahoo_hs&ru=yahoo

and taking their toys with them.

padding:
how many words would word chuck chuck if a word chuck could chuck words.

[barnaby33]

Wow, there must be some stunning levels of, “new math,” behind that decision. Not selling more profitable then selling? I’d love to see the formula where that works out better for them. Shit and I’m only short 3k shares via puts.

Josh

[barnaby33]

Wow, there must be some stunning levels of, “new math,” behind that decision. Not selling more profitable then selling? I’d love to see the formula where that works out better for them. Shit and I’m only short 3k shares via puts.

Josh

[barnaby33]

Wow, there must be some stunning levels of, “new math,” behind that decision. Not selling more profitable then selling? I’d love to see the formula where that works out better for them. Shit and I’m only short 3k shares via puts.

Josh

[barnaby33]

Wow, there must be some stunning levels of, “new math,” behind that decision. Not selling more profitable then selling? I’d love to see the formula where that works out better for them. Shit and I’m only short 3k shares via puts.

Josh

[barnaby33]

Wow, there must be some stunning levels of, “new math,” behind that decision. Not selling more profitable then selling? I’d love to see the formula where that works out better for them. Shit and I’m only short 3k shares via puts.

Josh

[PadreBrian]

It’s deeper than that. It’s better to keep the condos on the books than sell them. If they sell, they loose that over-valued loan, that they are under-water on.

For Example: Builder takes a loan out to start an oc condo project in 1995. Huge dollars. Let’s say 200 Million. Easy loan back then. Builder makes monthly payments till project is finish and sold at which time he pays off loan. lol, Market crash. If he sales condos now he’ll only make 100 million, tops. He still owes the bank 100 million. lol.

They are going to go bankrupt no matter what. They are crossing their fingers and holding on for dear life. The housing market wont pick up next week, nor next month, nor next year, or even the year after that.

[PadreBrian]

It’s deeper than that. It’s better to keep the condos on the books than sell them. If they sell, they loose that over-valued loan, that they are under-water on.

For Example: Builder takes a loan out to start an oc condo project in 1995. Huge dollars. Let’s say 200 Million. Easy loan back then. Builder makes monthly payments till project is finish and sold at which time he pays off loan. lol, Market crash. If he sales condos now he’ll only make 100 million, tops. He still owes the bank 100 million. lol.

They are going to go bankrupt no matter what. They are crossing their fingers and holding on for dear life. The housing market wont pick up next week, nor next month, nor next year, or even the year after that.

[PadreBrian]

It’s deeper than that. It’s better to keep the condos on the books than sell them. If they sell, they loose that over-valued loan, that they are under-water on.

For Example: Builder takes a loan out to start an oc condo project in 1995. Huge dollars. Let’s say 200 Million. Easy loan back then. Builder makes monthly payments till project is finish and sold at which time he pays off loan. lol, Market crash. If he sales condos now he’ll only make 100 million, tops. He still owes the bank 100 million. lol.

They are going to go bankrupt no matter what. They are crossing their fingers and holding on for dear life. The housing market wont pick up next week, nor next month, nor next year, or even the year after that.

[PadreBrian]

It’s deeper than that. It’s better to keep the condos on the books than sell them. If they sell, they loose that over-valued loan, that they are under-water on.

For Example: Builder takes a loan out to start an oc condo project in 1995. Huge dollars. Let’s say 200 Million. Easy loan back then. Builder makes monthly payments till project is finish and sold at which time he pays off loan. lol, Market crash. If he sales condos now he’ll only make 100 million, tops. He still owes the bank 100 million. lol.

They are going to go bankrupt no matter what. They are crossing their fingers and holding on for dear life. The housing market wont pick up next week, nor next month, nor next year, or even the year after that.

[PadreBrian]

It’s deeper than that. It’s better to keep the condos on the books than sell them. If they sell, they loose that over-valued loan, that they are under-water on.

For Example: Builder takes a loan out to start an oc condo project in 1995. Huge dollars. Let’s say 200 Million. Easy loan back then. Builder makes monthly payments till project is finish and sold at which time he pays off loan. lol, Market crash. If he sales condos now he’ll only make 100 million, tops. He still owes the bank 100 million. lol.

They are going to go bankrupt no matter what. They are crossing their fingers and holding on for dear life. The housing market wont pick up next week, nor next month, nor next year, or even the year after that.

[Raybyrnes]

barnaby33
“Wow, there must be some stunning levels of, “new math,” behind that decision. Not selling more profitable then selling”
That’s not “new math”. They teach it in any first year finance course.

There are still plenty of people who would take out sub prime mortgages. Demand is there. Supply isn’t there because it is no longer profitable.

Student Loan Consolidation. Many companies have stopped offering consolidation. They lose money on each loans so they stop selling them.

SO I don’t see why it is new math to say that if I can’t sell this product in the current environment at a price that generate a profit and I have the financial capital to hold on to it why would you not.

[Raybyrnes]

barnaby33
“Wow, there must be some stunning levels of, “new math,” behind that decision. Not selling more profitable then selling”
That’s not “new math”. They teach it in any first year finance course.

There are still plenty of people who would take out sub prime mortgages. Demand is there. Supply isn’t there because it is no longer profitable.

Student Loan Consolidation. Many companies have stopped offering consolidation. They lose money on each loans so they stop selling them.

SO I don’t see why it is new math to say that if I can’t sell this product in the current environment at a price that generate a profit and I have the financial capital to hold on to it why would you not.

[Raybyrnes]

barnaby33
“Wow, there must be some stunning levels of, “new math,” behind that decision. Not selling more profitable then selling”
That’s not “new math”. They teach it in any first year finance course.

There are still plenty of people who would take out sub prime mortgages. Demand is there. Supply isn’t there because it is no longer profitable.

Student Loan Consolidation. Many companies have stopped offering consolidation. They lose money on each loans so they stop selling them.

SO I don’t see why it is new math to say that if I can’t sell this product in the current environment at a price that generate a profit and I have the financial capital to hold on to it why would you not.

[Raybyrnes]

barnaby33
“Wow, there must be some stunning levels of, “new math,” behind that decision. Not selling more profitable then selling”
That’s not “new math”. They teach it in any first year finance course.

There are still plenty of people who would take out sub prime mortgages. Demand is there. Supply isn’t there because it is no longer profitable.

Student Loan Consolidation. Many companies have stopped offering consolidation. They lose money on each loans so they stop selling them.

SO I don’t see why it is new math to say that if I can’t sell this product in the current environment at a price that generate a profit and I have the financial capital to hold on to it why would you not.

[Author]

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