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To: TobagoJack who wrote (113455)	8/4/2010 7:42:39 AM
From: Chas.	1 Recommendation Read Replies (1) \| Respond to of 116555

An absolutely amazing story considering their(Zhang and Pan's) very humble and ordinary beginnings. Entrepreneurialism at its best. Interesting note is that Zhang's early experiences and motivations are formed in China but she doesn't really develop her entrepreneurial style and business savvy until being educated and employed in England and USA.... this a worthy note and more than food for thought...... Thanks for posting the article, very good read... I come away with the feeling that Zhang believes the Chinese politicos will continue pumping stimulus $$$ into any signs of RE/Economic collapse...she's banking on it. regards

To: TobagoJack who wrote (113455)	8/4/2010 9:02:49 AM
From: Hawkmoon	2 Recommendations Read Replies (3) \| Respond to of 116555

Pardon me BJ, if I don't put much credibility in your opinion. After all, you admitted you were involved in similar Real Estate "craziness" in the Philippines: circa 1989, i was an apprentice in commercial building flipping and resort development efforts based in the philippines, and during the elapsed time of 18 months the effort went from net asset value of usd 100k to 7.odd mill and back to 100k based on max leverage of i cannot even figure out what multiples of equity (bank borrowings against 'project' defined on land secured with option to buy, and the option payments themselves were phased - such structures of course can only be made possible by friendly but nefarious bankers incentivized not quite right). Message 26725705 I don't see much difference between your opinions and Angelo Mozilo. But hopefully your tan is natural.. ;0) Scrutinizer