Real Estate Nirvana: I Love You Mr. Subprime

The lawyer represents the bank. He was precluded from bidding.

 

Oh, assumed he was your lawyer.

 

It maybe a nightmarish mess but never short the Fonzie....always buy the Fonzie and short the Potsie.

 

Doc, did you ever go with Lime?

 

That's like saying ignore the Skilling and go after only Fastow. Thanks for the advice.

 

The bank was not a smartest guy in the room.

 

Of course not. A common mistake though. In a prosecution one is looking for leverage and seeking punitive action.

In trading one is seeking reward. Always buy the leader and sell the dog. Lots and lots of traders sell the leader because it "has farther to go" or that there's still juice left in it. In my experience that's a big mistake. But you do as you wish.

Best

 

why 196k...why not lower.

 

Reserve auction possibly?

Congrats, fc.

 

I sign on that. I left Boston a couple of years ago after living there for 7 years.

Real estate prices were incredibly insane. We had a cleaning lady that bought a house for $500,000. I could not resist but to ask her how on earth she got a loan.

Her answer (with a smile on her face):
"These days you just need to show up at the bank..."