[davelj]

“Faced with the choice between changing one’s mind and proving there is no need to do so, almost everyone gets busy on the proof.” – John Kenneth Galbraith

That pretty much sums up George Chamberlin’s views on real estate and the economy.

[davelj]

“Faced with the choice between changing one’s mind and proving there is no need to do so, almost everyone gets busy on the proof.” – John Kenneth Galbraith

That pretty much sums up George Chamberlin’s views on real estate and the economy.

[davelj]

“Faced with the choice between changing one’s mind and proving there is no need to do so, almost everyone gets busy on the proof.” – John Kenneth Galbraith

That pretty much sums up George Chamberlin’s views on real estate and the economy.

[davelj]

“Faced with the choice between changing one’s mind and proving there is no need to do so, almost everyone gets busy on the proof.” – John Kenneth Galbraith

That pretty much sums up George Chamberlin’s views on real estate and the economy.

[davelj]

patientlywaiting,

Good find on those websites. I’m too computer illiterate to know that they share the same address.

The more you dig on this guy and his company, the more it looks like a big ole pile of Prime Grade A Bullshit.

Of course, I didn’t complete executive studies at Harvard or Oxford, so maybe I’m just a little confused with it all…

Bwhahahahaha…

[davelj]

patientlywaiting,

Good find on those websites. I’m too computer illiterate to know that they share the same address.

The more you dig on this guy and his company, the more it looks like a big ole pile of Prime Grade A Bullshit.

Of course, I didn’t complete executive studies at Harvard or Oxford, so maybe I’m just a little confused with it all…

Bwhahahahaha…

[davelj]

patientlywaiting,

Good find on those websites. I’m too computer illiterate to know that they share the same address.

The more you dig on this guy and his company, the more it looks like a big ole pile of Prime Grade A Bullshit.

Of course, I didn’t complete executive studies at Harvard or Oxford, so maybe I’m just a little confused with it all…

Bwhahahahaha…

[davelj]

patientlywaiting,

Good find on those websites. I’m too computer illiterate to know that they share the same address.

The more you dig on this guy and his company, the more it looks like a big ole pile of Prime Grade A Bullshit.

Of course, I didn’t complete executive studies at Harvard or Oxford, so maybe I’m just a little confused with it all…

Bwhahahahaha…

[davelj]

patientlywaiting,

Good find on those websites. I’m too computer illiterate to know that they share the same address.

The more you dig on this guy and his company, the more it looks like a big ole pile of Prime Grade A Bullshit.

Of course, I didn’t complete executive studies at Harvard or Oxford, so maybe I’m just a little confused with it all…

Bwhahahahaha…

[davelj]

I’ll repeat myself, as I often do… All of Wall Street and the big banks love Adam Smith’s invisible hand right up until the moment it gives them the middle finger. When the two are in conflict, I have generally found that one’s innate instinct for survival trumps most previously-help philosophical beliefs. That’s part of our evolution.

[davelj]

I’ll repeat myself, as I often do… All of Wall Street and the big banks love Adam Smith’s invisible hand right up until the moment it gives them the middle finger. When the two are in conflict, I have generally found that one’s innate instinct for survival trumps most previously-help philosophical beliefs. That’s part of our evolution.

[davelj]

I’ll repeat myself, as I often do… All of Wall Street and the big banks love Adam Smith’s invisible hand right up until the moment it gives them the middle finger. When the two are in conflict, I have generally found that one’s innate instinct for survival trumps most previously-help philosophical beliefs. That’s part of our evolution.

[davelj]

I’ll repeat myself, as I often do… All of Wall Street and the big banks love Adam Smith’s invisible hand right up until the moment it gives them the middle finger. When the two are in conflict, I have generally found that one’s innate instinct for survival trumps most previously-help philosophical beliefs. That’s part of our evolution.

[davelj]

I’ll repeat myself, as I often do… All of Wall Street and the big banks love Adam Smith’s invisible hand right up until the moment it gives them the middle finger. When the two are in conflict, I have generally found that one’s innate instinct for survival trumps most previously-help philosophical beliefs. That’s part of our evolution.

[davelj]

patientlywaiting, I think your instincts are on target.

I know a guy in a very similar business as The Person Whose Name Shall Not Be Uttered (“TPWNSNBU”) and his company (the guy’s) is absolutely sucking wind. They might shut down this year. And they’ve been in the business for over 20 years.

Also, it appears that TPWNSNBU was a partner with a group of investors that purchased the company (the “Company”) from its previous owners in late 2004. (There doesn’t appear to be any high and mighty private equity firm behind the Company – probably just a group of normal investors.) Now, where do you think valuations for mortgage-related companies were in late-2004? Yup, pretty high. Now, how does business compare today with late-2004 for most of these companies? Yup, pretty shitty. Now, what are valuations like today for such mortgage-related companies? Yup, pretty shitty. You see where I’m going with this?

This whole situation smacks of petty desperation.

[Author]

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