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

To: Ilaine who wrote (84608)	12/14/2011 8:42:42 PM
From: Maurice Winn	2 Recommendations Respond to of 218050

If they have no money, how do you get paid? < two of my clients told me that they have no choice but to file bankruptcy, they have sold all their gold and there is nothing more to sell. Both ladies poorer than church mice so I assume they sold little pieces of 14 karat gold jewelry. > I don't know why people don't go with what's lawful, unless they think it's unethical. Creditors know, when they take on risk, the likelihood of those two women going bankrupt, so they shouldn't complain if they had kept their gold jewelry while going bankrupt. So it seems ethical to keep aside what's legal. But people probably just hope to escape somehow, so sell their gold too, finally going down the gurgler when they could have accepted what was going to happen sooner and saved themselves some assets. I know a woman who went through a similar process with a mortgagee house sale. She could have kept some money from an inheritance, but used that to pay the mortgage down, then went bust anyway, so lost more than was necessary. Borrow and hope is a powerful process for impulsive people who are bad at planning ahead. Putting off the evil day is also common. It was fun to sell GLD to TJ a couple of months ago, then buy it back today. GLD = cloud atm. Only a 15% gain, more or less, but big things like money/gold tend not to move a huge distance in a short time. It's also fun that he can't see what I'm doing, so won't know that after all those years of being badgered to save myself, I finally did buy gold [albeit in a backwards kind of way]. Mqurice

To: Ilaine who wrote (84608)	12/14/2011 9:14:19 PM
From: TobagoJack	Respond to of 218050

enough private equity players (warriors?) i know are in the process of doing triage on p.e. holdings, deciding which one get to live another night, and which ones are ... to ugly to describe so shall refrain as investors decide to abandon undertakings, either left-over investors pick up the slack, new investors are corralled, or the slack gets slack enough for the subject's fall to continue, until the rope is taut or otherwise no longer necessary i see the same psychology at work as you with some of your clients, i.e. to the bitter end, because the fall is too consequential and so a last stand must be made however, the thing about p.e. is that there are mandates / rules to follow, else a 'mf global' moment arises i do not see a good end to the shock n awe script