Batten Down the Hatches, Comptroller General of the United States RESIGNS.....

Discussion in 'Economics' started by Tauvros, Feb 16, 2008.

  1. I know someone who invested well over 11 million dollars in acreage in Arizona back in 2005, during the peak of the housing bubble.

    There's only two problems. The boom since went bust, and there's a law in Arizona that says you can't develop a subdivision (plat) unless you can prove to the state that there's a 100 year water supply that you can access underneath the land you own - which he can't demonstrate.

    Ouch!!!
    -------------------------------------------------------
    How does anyone that dumb get that much money:confused:
     
    #21     Jun 30, 2008
  2. Allen3

    Allen3

    Wow very lucid and brimming with horse sense. You have the post of the day award for today. No killing everybody in Washington, no economic apocalypse, just providing some financial brains to our next generation. Interesting concept. Here's hoping and praying some people wise up and learn economics without the pain it usually takes.
     
    #22     Jun 30, 2008
  3. heypa

    heypa

    The pubic school system is there to produce willing drones.They will never teach anything that could possibly upset the apple cart.
    The socialists have taken over all levels of education as evidenced by the Democrats blatant pursuit of the young vote. They know they got them. They trained them.:mad:
     
    #23     Jun 30, 2008

  4. cynical in the worst way....

    really!
     
    #24     Jun 30, 2008

  5. Wealth does not equal brains. Anyone present in socal near the end of this housing bubble saw this truth confirmed. Every moron and their brother who leveraged on property in the previous cycle as suddenly a genius.
     
    #25     Jun 30, 2008
  6. +1
     
    #26     Jun 30, 2008
  7. heypa

    heypa

    cynical in the worst way....

    really!


    AOL. Great military term by the way.

    My post was not cynical, but rather realistic in todays world.If you think the liberals haven't taken over the public schools and colleges in this country you haven't been paying attention.

    If you're young and not liberal you haven't been paying attention.
    If you're old and not conservative you haven't been paying attention.
     
    #27     Jun 30, 2008
  8. Government needs to recruit the ex comptroller to work a plan to solve the crisis....at least he could see it coming.
     
    #28     Oct 10, 2008