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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Ilaine who wrote (31700)3/27/2008 11:28:53 PM
From: Ilaine  Read Replies (2) | Respond to of 217588
 
Speak to me of due diligence.

Assume, for the sake of the argument, something that is patently untrue.

Assume that an actual human being in the underwriting department was asked the following questions:

1) Do you believe that a couple from Bolivia earns $10,000 a month cleaning houses?

2) Do you believe that a policeman earns $20,000 a month regular salary?

3) Do you believe that a house that sold for $400,000 in June is worth $1 million in July? Especially when all the other houses in the neighborhood are still worth in the range of $400,000 and nothing has changed otherwise?

4) Do you believe that a free lance loan broker who works strictly on commission will always tell the truth?

Now here is a question for the investor:

If you didn't do the due diligence to see if the investment was on the up-and-up, why are you complaining now? Do you think a judge would do anything but laugh at you?

Caveat emptor.

Buy heparin from China, too bad for you. Buy mortgage backed securities from Bear Stearns, well, at least you won't die.



To: Ilaine who wrote (31700)3/28/2008 4:14:02 AM
From: TobagoJack  Respond to of 217588
 
come cb ilaine, i was merely agreeing with you Message 24433888 that (i) your stretching forecasts and the very extremely limited understanding on which they are based are flawed, and (ii) that each day can be a good weather day, including that certain fateful day in 1929 about which you claim to know much but apparently understand so very little.

but, as you wish, in response, and in engagement, about chinese companies meeting american companies spec and requirement and inspection regime per american design and formulation, and got paid for delivery on time, who is to blame? and so i again laugh at you, because we settled that case and you lost, mattel apologized, repeatedly, case closed.

especially in view that china export has simply and indisputably hit record after record through and after all the finger pointing. no?

as to american companies sold poison as investment, i am neither trying to argue nor arguing, and i do not need your agreement, because the facts speak for themselves and are not in dispute.

duh, get it?



To: Ilaine who wrote (31700)3/28/2008 9:00:32 AM
From: Dr. Voodoo  Read Replies (2) | Respond to of 217588
 
Simply suggesting that:

Not everyone who puts lead in choo-choos does it on purpose.

Not everyone who puts oversulfated chondroitin sulfate in your heparin does it on accident.

Not everyone who bot $400,000 house in stockton knew what they were doing.

Not everyone who peddled, sold, sliced, diced and bottled that mortgage up did not

However, everyone who is responsible for the care and feeding of this ish,,, is getting a fat check courtesy of you, me and the guy who can't afford the roof over his head right now.

Yet you often come accross as someone who thinks the chinese are out to get you, but the guy selling the house to the unemployed <insert race here> man in a string vest isn't.

Cheers,

V