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To: Elroy Jetson who wrote (53309)	7/12/2006 4:37:51 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

You are IMO placing way too high odds on Veemac being the source of the problem. If necessary I believe I can get signed work orders for each house as well as sign offs from Lennar as being completed. Veemac was actually accusing one of its suppliers of fraud (a lumber company overbilling Veemac) that I do not want to name. Veemac says other subs had fraud charges against that supplier as well. The amounts were not that huge but he was being overbilled. He had nothing but praise for the Truss company supplying the orders for the Lennar houses. Something went awry and I suspect it was a small cash flow problem turned into a huge one by Lennar for some reason. Those two reasons are 1) Stupidity by Lennar 2) Fraud by Lennar I am discounting fraud by Veemac but I am not discounting a cash flow problem by Veemac of some sort compounded by stupidity somewhere that led to this situation. That is the simplest explanation. I also suspect Veemac (the corporation) is toast. If Lennar does pay Veemac's workers via 1099s those workers (almost all Mexicans) will not pay taxes on that pay 100% guaranteed. Lennar will be liable for those back taxes. Mish

To: Elroy Jetson who wrote (53309)	7/12/2006 6:50:34 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Elroy can you fill in one piece of the puzzle. Is there anyway that Lennar can shelter themselves from some sort of blow-up at USHome? Can USHOME go under or not deliver or have lawsuits that do not affect Lennar? If USHome went under do buyers of USHOME homes have any recourse against Lennar for lost deposits or other problems etc etc. No one has given me a clear answer on that. Mish

To: Elroy Jetson who wrote (53309)	7/12/2006 8:13:44 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

National Terrorist Database These places are on it: Old MacDonald’s Petting Zoo Amish Country Popcorn factory Mule Day Parade Sweetwater Flea Market an unspecified “Beach at End of a Street.” The National Asset Database, as it is known, is so flawed, the inspector general found, that as of January, Indiana, with 8,591 potential terrorist targets, had 50 percent more listed sites than New York (5,687) and more than twice as many as California (3,212), ranking the state the most target-rich place in the nation nytimes.com