05-08-2019, 09:51 PM
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#17
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Seldom Seen
Join Date: May 2001
Posts: 10,543
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Quote:
Originally Posted by Jim in CT
The commercial real estate market completely collapsed, and there was a major recession. Did the Times article mention those things, or did they lay 100% of the blame on him? I'm not saying he's Warren Buffet or Bill Gates. I'm saying there were enormous challenges to real estate investors in that timeframe. That's what caused the S&L collapse, even insurance companies went under because they had invested their reserves in commercial real estate.
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Oh.... so that was it....  |
“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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