[Allan from Fallbrook]

qwerty: The CIA, huh? You realize that if the CIA were trying to assassinate Bhutto, they would have offed Chavez in Venezuela instead. These guys can’t find their a** with a flashlight and both hands.

Feeding the conspiracy beast, though, I would suggest it is more likely that Musharraf did the deed and then blamed al Qaeda. Two birds with one stone: You get rid of a highly popular opposition leader, and also put yourself in a position to capture even more power in order to bring al Qaeda to heel.

[Allan from Fallbrook]

qwerty: The CIA, huh? You realize that if the CIA were trying to assassinate Bhutto, they would have offed Chavez in Venezuela instead. These guys can’t find their a** with a flashlight and both hands.

Feeding the conspiracy beast, though, I would suggest it is more likely that Musharraf did the deed and then blamed al Qaeda. Two birds with one stone: You get rid of a highly popular opposition leader, and also put yourself in a position to capture even more power in order to bring al Qaeda to heel.

[Allan from Fallbrook]

qwerty: The CIA, huh? You realize that if the CIA were trying to assassinate Bhutto, they would have offed Chavez in Venezuela instead. These guys can’t find their a** with a flashlight and both hands.

Feeding the conspiracy beast, though, I would suggest it is more likely that Musharraf did the deed and then blamed al Qaeda. Two birds with one stone: You get rid of a highly popular opposition leader, and also put yourself in a position to capture even more power in order to bring al Qaeda to heel.

[Allan from Fallbrook]

qwerty: The CIA, huh? You realize that if the CIA were trying to assassinate Bhutto, they would have offed Chavez in Venezuela instead. These guys can’t find their a** with a flashlight and both hands.

Feeding the conspiracy beast, though, I would suggest it is more likely that Musharraf did the deed and then blamed al Qaeda. Two birds with one stone: You get rid of a highly popular opposition leader, and also put yourself in a position to capture even more power in order to bring al Qaeda to heel.

[Allan from Fallbrook]

Ex-SD: From the article: "It's not surprising that lenders were fooled when every level of the real estate transaction was compromised like it was here," the prosecutor said. "These lenders did due diligence and did push back sometimes. At a certain point, lenders rely on the honor process."

You are lending someone nearly $1.5MM, and you rely on the honor process?  Even the most cursory examination of the loan application and documents, followed by verification, would have shown the underlying fraud.

$142MM in bad loans.  I don't mean to sound callous, but please.  You are lending this money, and are therefore responsible for the diligence process.  What does Lehman expect to get back here?  The article states that money is long gone, spent on vintage wines and chartered flights.  They'll be lucky to collect pennies on the dollar.

I'd love to read the letter Lehman puts out to their shareholders on this one.    

[Allan from Fallbrook]

Ex-SD: From the article: "It's not surprising that lenders were fooled when every level of the real estate transaction was compromised like it was here," the prosecutor said. "These lenders did due diligence and did push back sometimes. At a certain point, lenders rely on the honor process."

You are lending someone nearly $1.5MM, and you rely on the honor process?  Even the most cursory examination of the loan application and documents, followed by verification, would have shown the underlying fraud.

$142MM in bad loans.  I don't mean to sound callous, but please.  You are lending this money, and are therefore responsible for the diligence process.  What does Lehman expect to get back here?  The article states that money is long gone, spent on vintage wines and chartered flights.  They'll be lucky to collect pennies on the dollar.

I'd love to read the letter Lehman puts out to their shareholders on this one.    

[Allan from Fallbrook]

Ex-SD: From the article: "It's not surprising that lenders were fooled when every level of the real estate transaction was compromised like it was here," the prosecutor said. "These lenders did due diligence and did push back sometimes. At a certain point, lenders rely on the honor process."

You are lending someone nearly $1.5MM, and you rely on the honor process?  Even the most cursory examination of the loan application and documents, followed by verification, would have shown the underlying fraud.

$142MM in bad loans.  I don't mean to sound callous, but please.  You are lending this money, and are therefore responsible for the diligence process.  What does Lehman expect to get back here?  The article states that money is long gone, spent on vintage wines and chartered flights.  They'll be lucky to collect pennies on the dollar.

I'd love to read the letter Lehman puts out to their shareholders on this one.    

[Allan from Fallbrook]

Ex-SD: From the article: "It's not surprising that lenders were fooled when every level of the real estate transaction was compromised like it was here," the prosecutor said. "These lenders did due diligence and did push back sometimes. At a certain point, lenders rely on the honor process."

You are lending someone nearly $1.5MM, and you rely on the honor process?  Even the most cursory examination of the loan application and documents, followed by verification, would have shown the underlying fraud.

$142MM in bad loans.  I don't mean to sound callous, but please.  You are lending this money, and are therefore responsible for the diligence process.  What does Lehman expect to get back here?  The article states that money is long gone, spent on vintage wines and chartered flights.  They'll be lucky to collect pennies on the dollar.

I'd love to read the letter Lehman puts out to their shareholders on this one.    

[Allan from Fallbrook]

Ex-SD: From the article: "It's not surprising that lenders were fooled when every level of the real estate transaction was compromised like it was here," the prosecutor said. "These lenders did due diligence and did push back sometimes. At a certain point, lenders rely on the honor process."

You are lending someone nearly $1.5MM, and you rely on the honor process?  Even the most cursory examination of the loan application and documents, followed by verification, would have shown the underlying fraud.

$142MM in bad loans.  I don't mean to sound callous, but please.  You are lending this money, and are therefore responsible for the diligence process.  What does Lehman expect to get back here?  The article states that money is long gone, spent on vintage wines and chartered flights.  They'll be lucky to collect pennies on the dollar.

I'd love to read the letter Lehman puts out to their shareholders on this one.    

[Allan from Fallbrook]

pizzaman/TG: Do you really think we will see $80/sf in Temecula? At that price, I would consider buying something if it penciled as a rental.

TG: You are my resident Temecula expert, so I am curious as to your thoughts as to where the eventual $/sf pricing will land.

[Allan from Fallbrook]

pizzaman/TG: Do you really think we will see $80/sf in Temecula? At that price, I would consider buying something if it penciled as a rental.

TG: You are my resident Temecula expert, so I am curious as to your thoughts as to where the eventual $/sf pricing will land.

[Allan from Fallbrook]

pizzaman/TG: Do you really think we will see $80/sf in Temecula? At that price, I would consider buying something if it penciled as a rental.

TG: You are my resident Temecula expert, so I am curious as to your thoughts as to where the eventual $/sf pricing will land.

[Allan from Fallbrook]

pizzaman/TG: Do you really think we will see $80/sf in Temecula? At that price, I would consider buying something if it penciled as a rental.

TG: You are my resident Temecula expert, so I am curious as to your thoughts as to where the eventual $/sf pricing will land.

[Allan from Fallbrook]

pizzaman/TG: Do you really think we will see $80/sf in Temecula? At that price, I would consider buying something if it penciled as a rental.

TG: You are my resident Temecula expert, so I am curious as to your thoughts as to where the eventual $/sf pricing will land.

[Allan from Fallbrook]

TG: There are more and more of these popping up every day, as you said. I think the banks are trying to be careful, and parsing these out slowly so as not to flood the market, but at some point the floodgates are gonna burst.

BTW, my Raiders just tied your Chargers. Yeah, it probably won’t hold, but c’mon dude, let me have a little joy where I can find it.

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