[Allan from Fallbrook]

Stansd: You make an excellent point regarding drawing down on available financing.

I used to do finance/accounting consulting for distressed businesses, and one of the first things I would check were the lines of credit.

This came to epitomize a company truly in trouble, because it speaks to the lack of liquidity. Generally speaking, it is cash flow (or lack thereof) that is gonna kill ya.

I think Mozilo saw the writing on the wall, and took the money and ran. I can’t imagine the timing of his selling all of that stock was mere coincidence.

[Allan from Fallbrook]

Stansd: You make an excellent point regarding drawing down on available financing.

I used to do finance/accounting consulting for distressed businesses, and one of the first things I would check were the lines of credit.

This came to epitomize a company truly in trouble, because it speaks to the lack of liquidity. Generally speaking, it is cash flow (or lack thereof) that is gonna kill ya.

I think Mozilo saw the writing on the wall, and took the money and ran. I can’t imagine the timing of his selling all of that stock was mere coincidence.

[Allan from Fallbrook]

That is a really nice home. I think it is still overpriced, but I don’t imagine it will be much trouble to find a buyer at that price, especially given the plot size and those views.

It’s a house with a lot of character.

[Allan from Fallbrook]

That is a really nice home. I think it is still overpriced, but I don’t imagine it will be much trouble to find a buyer at that price, especially given the plot size and those views.

It’s a house with a lot of character.

[Allan from Fallbrook]

That is a really nice home. I think it is still overpriced, but I don’t imagine it will be much trouble to find a buyer at that price, especially given the plot size and those views.

It’s a house with a lot of character.

[Allan from Fallbrook]

Rus: Sorry, just an off-handed, snarky comment.

While I am certainly bearish in my tendencies, I find the “end of the empire” routine that accompanies bad financial news a wee bit tiresome.

I agree that this country needs to re-define itself in terms of mores, responsibility and our role in the world, but to relegate the US to the ash heap of history so quickly really rankles me.

I hear incessantly the talk of China’s ascendance and am reminded of the talk during the 1980s of Japan, Inc. and how that country’s business and social “model” was going to outstrip our own and in short order.

During the post-Vietnam War malaise of the mid- to late-1970s, it was talk of the Soviets finally putting an end to the capitalist model, and of all the successes that their system and influence seemed to enjoy.

So, here we go again. And I certainly will profess to more than a little personal unease as this whole situation begins to unwind. Does it presage the end of the American “empire”? Somehow, I don’t think so. This country has shown remarkable resilience over the years and against some pretty tough competition. I wouldn’t count us out just yet.

Do we need to do some serious work? Yup, and hopefully this upcoming gargantuan systemic enema will do just that.

And, if that doesn’t work: I am counting on Hillary!

[Allan from Fallbrook]

Rus: Sorry, just an off-handed, snarky comment.

While I am certainly bearish in my tendencies, I find the “end of the empire” routine that accompanies bad financial news a wee bit tiresome.

I agree that this country needs to re-define itself in terms of mores, responsibility and our role in the world, but to relegate the US to the ash heap of history so quickly really rankles me.

I hear incessantly the talk of China’s ascendance and am reminded of the talk during the 1980s of Japan, Inc. and how that country’s business and social “model” was going to outstrip our own and in short order.

During the post-Vietnam War malaise of the mid- to late-1970s, it was talk of the Soviets finally putting an end to the capitalist model, and of all the successes that their system and influence seemed to enjoy.

So, here we go again. And I certainly will profess to more than a little personal unease as this whole situation begins to unwind. Does it presage the end of the American “empire”? Somehow, I don’t think so. This country has shown remarkable resilience over the years and against some pretty tough competition. I wouldn’t count us out just yet.

Do we need to do some serious work? Yup, and hopefully this upcoming gargantuan systemic enema will do just that.

And, if that doesn’t work: I am counting on Hillary!

[Allan from Fallbrook]

Rus: Sorry, just an off-handed, snarky comment.

While I am certainly bearish in my tendencies, I find the “end of the empire” routine that accompanies bad financial news a wee bit tiresome.

I agree that this country needs to re-define itself in terms of mores, responsibility and our role in the world, but to relegate the US to the ash heap of history so quickly really rankles me.

I hear incessantly the talk of China’s ascendance and am reminded of the talk during the 1980s of Japan, Inc. and how that country’s business and social “model” was going to outstrip our own and in short order.

During the post-Vietnam War malaise of the mid- to late-1970s, it was talk of the Soviets finally putting an end to the capitalist model, and of all the successes that their system and influence seemed to enjoy.

So, here we go again. And I certainly will profess to more than a little personal unease as this whole situation begins to unwind. Does it presage the end of the American “empire”? Somehow, I don’t think so. This country has shown remarkable resilience over the years and against some pretty tough competition. I wouldn’t count us out just yet.

Do we need to do some serious work? Yup, and hopefully this upcoming gargantuan systemic enema will do just that.

And, if that doesn’t work: I am counting on Hillary!

[Allan from Fallbrook]

We’re an empire?!?

Holy crap! How come we don’t have more stuff?

[Allan from Fallbrook]

We’re an empire?!?

Holy crap! How come we don’t have more stuff?

[Allan from Fallbrook]

We’re an empire?!?

Holy crap! How come we don’t have more stuff?

[Allan from Fallbrook]

Mixxalot: As a wine aficionado, why on God’s earth would you go to Temecula? Hopefully, not for one of those overcooked whites or sickly sweet champagnes.

You do know that Sonoma county is getting swamped right now by foreclosures, right? You could pick up a nice place in Sta Rosa and be close to both Napa and Sonoma. Plus, the scenery is gorgeous. Yes, I am biased, having grown up there.

Course, neither Napa nor Sonoma are overrun by what I call “OC Specials”, those vaguely Stepfordish looking gals sporting thousands of dollars worth of aftermarket products.

You are right about one thing and it is sad: Temecula has some wonderful history dating back to the opening of the American frontier and it has been completely subsumed by suburbia.

[Allan from Fallbrook]

Mixxalot: As a wine aficionado, why on God’s earth would you go to Temecula? Hopefully, not for one of those overcooked whites or sickly sweet champagnes.

You do know that Sonoma county is getting swamped right now by foreclosures, right? You could pick up a nice place in Sta Rosa and be close to both Napa and Sonoma. Plus, the scenery is gorgeous. Yes, I am biased, having grown up there.

Course, neither Napa nor Sonoma are overrun by what I call “OC Specials”, those vaguely Stepfordish looking gals sporting thousands of dollars worth of aftermarket products.

You are right about one thing and it is sad: Temecula has some wonderful history dating back to the opening of the American frontier and it has been completely subsumed by suburbia.

[Allan from Fallbrook]

Mixxalot: As a wine aficionado, why on God’s earth would you go to Temecula? Hopefully, not for one of those overcooked whites or sickly sweet champagnes.

You do know that Sonoma county is getting swamped right now by foreclosures, right? You could pick up a nice place in Sta Rosa and be close to both Napa and Sonoma. Plus, the scenery is gorgeous. Yes, I am biased, having grown up there.

Course, neither Napa nor Sonoma are overrun by what I call “OC Specials”, those vaguely Stepfordish looking gals sporting thousands of dollars worth of aftermarket products.

You are right about one thing and it is sad: Temecula has some wonderful history dating back to the opening of the American frontier and it has been completely subsumed by suburbia.

[Allan from Fallbrook]

irvinesinglemom: As I said before, I spent enough time in both OC and LA to have developed a real antipathy for bimbos, both male and female.

As the amount of intelligent conversation around here should indicate, I don’t really believe the guys or gals on this post are looking for a mate with an IQ somewhere slightly below the room temperature.

On a personal note, this ain’t my first rodeo and I got the bimbo fixation dealt with around my junior year of high school. Smart is sexy; dense ain’t. Besides, they all look the same anyway. What fun is that?

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