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To: Haim R. Branisteanu who wrote (30441)5/19/2005 6:01:58 PM
From: maceng2  Read Replies (1) | Respond to of 116555
 
I am not sure how many remember the 1989/90 housing peak but it happen with much lower leverage than the one we are seeing today.

I remember it well. I had just bought a nice house in Maine at the time. I thought I had negotiated a good price for the property, got it way down from the ask, but it proved to be too high when I was forced to sell it. I lost my job and had to relocate.

Somehow a guardian angel jewish lawyer came to my assistance at the right time.



To: Haim R. Branisteanu who wrote (30441)5/20/2005 3:56:56 AM
From: mishedlo  Read Replies (3) | Respond to of 116555
 
Maytag to be acquired for $1.125 bln

NEW YORK (Reuters) - Maytag Corp. (MYG), one of the premier brand names in America for nearly a century, but struggling recently with sagging market share and profits, said on Thursday it agreed to be acquired for $1.125 billion by investors led by private equity firm Ripplewood Holdings LLC.

money.excite.com

20,000 US jobs will likely go up in smoke

With approximately 20,200 employees, Maytag is committed to growth
through innovation backed by well-known premium brand products.
-----------------------
Percentage of Maytag Products Assembled in the USA:

Laundry Refrigeration Dishwashers Cooking Microwaves
Maytag Appliances 99.3% 99.8% 100% 100% 29.3%
-----------------------
Employment • 96 percent of Maytag Appliance employees are located in
U.S. facilities. With the opening of Maytag's refrigeration production
facility in Reynosa, Mexico, in 2004, 10 percent of Maytag Appliances
employees will be located outside of the United States. • 73 percent of
Hoover floor care employees are in U.S. facilities. • 100 percent of
Dixie-Narco employees are located in the United States.


maytag.com

Mish