screw you guys, i’m going … hoooome…

[NotCranky]

I think that one deserves its own thread drunkle. What do you think or the transaction? It looks like a mini-bail out or some kind of funny money teamwork. I am weak on big business,companies and stocks so I can’t say anything remotely useful on this thread. Could they be moving assets on the cheap to prepare for reorganization of some sort? Some big lenders must have had to approve of the deal even without the BK.

In any case since we have been on the topic of the effects of bail outs. I wonder if there won’t be some private ones, like this could be?
It looks like builders stocks bounced a little on this action?

[TheBreeze]

So will those 11,000 homes in Lennar’s 60%-off megasale show up on the MLS? Somehow I doubt they will.

I wonder if this was some kind of funny-money, hide the snake in your trousers kind of deal, or if Lennar really needed the money. I could see one of Lennar’s lender’s calling in a loan due to violation of a loan covenant or I could see some type of accounting shenanigans here. Hopefully some more details will come out.

[TheBreeze]

So will those 11,000 homes in Lennar’s 60%-off megasale show up on the MLS? Somehow I doubt they will.

I wonder if this was some kind of funny-money, hide the snake in your trousers kind of deal, or if Lennar really needed the money. I could see one of Lennar’s lender’s calling in a loan due to violation of a loan covenant or I could see some type of accounting shenanigans here. Hopefully some more details will come out.

[TheBreeze]

So will those 11,000 homes in Lennar’s 60%-off megasale show up on the MLS? Somehow I doubt they will.

I wonder if this was some kind of funny-money, hide the snake in your trousers kind of deal, or if Lennar really needed the money. I could see one of Lennar’s lender’s calling in a loan due to violation of a loan covenant or I could see some type of accounting shenanigans here. Hopefully some more details will come out.

[TheBreeze]

So will those 11,000 homes in Lennar’s 60%-off megasale show up on the MLS? Somehow I doubt they will.

I wonder if this was some kind of funny-money, hide the snake in your trousers kind of deal, or if Lennar really needed the money. I could see one of Lennar’s lender’s calling in a loan due to violation of a loan covenant or I could see some type of accounting shenanigans here. Hopefully some more details will come out.

[TheBreeze]

So will those 11,000 homes in Lennar’s 60%-off megasale show up on the MLS? Somehow I doubt they will.

I wonder if this was some kind of funny-money, hide the snake in your trousers kind of deal, or if Lennar really needed the money. I could see one of Lennar’s lender’s calling in a loan due to violation of a loan covenant or I could see some type of accounting shenanigans here. Hopefully some more details will come out.

[PadreBrian]

Na, it just means the land will be cheaper once they develop them, and the existing housing can be sold at 50% and still make money.

[PadreBrian]

Na, it just means the land will be cheaper once they develop them, and the existing housing can be sold at 50% and still make money.

[PadreBrian]

Na, it just means the land will be cheaper once they develop them, and the existing housing can be sold at 50% and still make money.

[PadreBrian]

Na, it just means the land will be cheaper once they develop them, and the existing housing can be sold at 50% and still make money.

[PadreBrian]

Na, it just means the land will be cheaper once they develop them, and the existing housing can be sold at 50% and still make money.

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