Comments | reality_hammer: Here comes another S&L scandal.

reality_hammer

Here comes another S&L scandal.

Feb 20, 2006 23:15

Not this year, or even next year, but in a few years ( Read more... )

banking, federal regulations, commerce, real estate, bureaucracy

Comments 3

From the developer's perspective jimmy1128 February 21 2006, 16:45:35 UTC

In the early 80's I started my carrer with a CPA firm that was recognized as an expert in the Real Estate Industry. We had many large developers who jumped on the band wagon and started S&L's. They saw it as source of inexpensive construction loans and quicker approvals. What a mess, and don't forget these S&L's were bailed out by FDIC and related federal agencies. Someone has to pay for that.

biscayne February 21 2006, 19:42:49 UTC

THANK YOU SO MUCH!!!! I really appreciate it! I'll pay you back as soon as I can.

reality_hammer February 21 2006, 19:46:14 UTC

Not necessary! It's an early/late birthday present ;).