On 4/25/17 11:45 AM, wrote:
On Tue, 25 Apr 2017 06:28:33 -0400, Poco Deplorevole
wrote:

I'm sitting here reading the posts you folks made to each other last night o/a 10 pm. I am amazed at
the depth of knowledge about business matters you guys display. Sure makes me realize how little I
know about business and economics. Somehow, thirty years of playing soldier didn't provide the kind
of education you folks picked up.

Thanks for the learning experience.

I just worked around a lot of smart people and I read a lot.
If you want a quick primer an the 2009 crash, watch "The Big Short".
It is on Netflix. We actually saw some of that NINJA mortgage business
first hand although Centex really tried to find qualified buyers. To
start with they would not build a house until the buyer showed up with
$50k down. They also shunned "investors". (AKA flippers)


And for all practical purposes, ceased to exist as an independent entity
in 2009...

On Tue, 25 Apr 2017 12:37:24 -0400, Keyser Soze
wrote:

I just worked around a lot of smart people and I read a lot.
If you want a quick primer an the 2009 crash, watch "The Big Short".
It is on Netflix. We actually saw some of that NINJA mortgage business
first hand although Centex really tried to find qualified buyers. To
start with they would not build a house until the buyer showed up with
$50k down. They also shunned "investors". (AKA flippers)


And for all practical purposes, ceased to exist as an independent entity
in 2009...

Centex? They sure did, Hannigan and Ellers sold the business to Pulte
for a couple hundred million right at the peak of the market.
Sweet.

On Tuesday, April 25, 2017 at 1:42:01 PM UTC-4, wrote:
On Tue, 25 Apr 2017 12:37:24 -0400, Keyser Soze
wrote:

I just worked around a lot of smart people and I read a lot.
If you want a quick primer an the 2009 crash, watch "The Big Short".
It is on Netflix. We actually saw some of that NINJA mortgage business
first hand although Centex really tried to find qualified buyers. To
start with they would not build a house until the buyer showed up with
$50k down. They also shunned "investors". (AKA flippers)


And for all practical purposes, ceased to exist as an independent entity
in 2009...

Centex? They sure did, Hannigan and Ellers sold the business to Pulte
for a couple hundred million right at the peak of the market.
Sweet.

Heh, heh. Crickets here.