SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: kris b who wrote (50231)1/20/2006 1:33:07 PM
From: Bill/WA  Read Replies (2) of 110194
 
kris, you are spot on. I too was a contractor (GC) in northern Palm Bch Cty for 30 some years starting in early 70's (bad timing, eh?
Banks CAN do some of the stupidest lending. A perfect example was a high end development (River Ridge) that a super scam artist conned Community Fed. Sav. into. With a little research, they would've found out this guy almost busted a bank in Mich. & scammed another in CO. He flew in Jimmy Conners & Ivan Lendel telling the bank that one of them would be the tennis pro. The bank fell "hook, line, & sinker". And, sure enough, the bank ended up with it.
And, as far as the rent thingy...yes, the bank did allow some of the few models that were built, be occupied by people that would pay taxes & utilities.

BTW, apparently this guy scammed one too many (or the wrong person). He died when he crashed his Porche on a mountain road in New Mexico...something about leaky brake lines. <NG>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News