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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (99627)1/10/2008 4:40:25 PM
From: TheStockFairyRespond to of 306849
 
Dabhol

From what I remember without RTFA again, the locals didn't want it and there wasn't any real demand for the power so they blew up like a billion dollars. Also, they marked to market the profits when they got the deal so not only did they lose the billion, they had to restate the market price of the project.

i'm not an expert, i just vaguely remember the events.

atimes.com