Homebuilder Mess…Real People, Real Tragedies
- Posted by Howard
- on January 3rd, 2008
At this point, blaming will not solve the unprecedented problems.
Here is a taste of the real stories and the spreading mess .
Can you shoot homebuilder executives for not being able to read a balance sheet and analyze leverage? If so, thousands would be lined up, but Wall Street would force the creation of thousands more in a different industry (actually they are starting it again in solar :) ). Why waste the bullets on just these chumps.
Amateur hour. A real tragedy is unfolding.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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