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

To: miraje who wrote (152852)9/30/2008 9:31:12 PM
From: MulhollandDriveRead Replies (2) | Respond to of 306849
 
the reason your friend (and any employee of heard) is having such a difficult time is because it was lax credit that allowed dealerships like heard's to roll debt over and over to keep their doors open WAY TOO LONG....had they been forced to be very selective about keeping their performing assets v. non-performing assets, hard choices.... it's possible the entire company would not have gone BK



To: miraje who wrote (152852)9/30/2008 9:33:48 PM
From: Broken_ClockRespond to of 306849
 
If he's out of debt he will survive. He may have to sell his Hummer.


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