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My broker is EF Hutton, and EF Hutton says he went out of business in 1980 due to check kiting. He will gladly pay you wednesday for a hamburger today.
This is the result of unbridled real estate speculation. I only wish they had replaced the term "exotic loans" with "dumb-ass fucking the country loans".
Speculation is the root of all stupidity. Well, except for the erroneous report last Monday that UAL was declaring bankrupcty. That was an evil kind of stupid that caused a $1 (b) billion loss. Can't wait to see the lawsuits from that. If they end up with a structered settlement, maybe UAL will take that agreement to JG Wentworth and get cash immediately for 40 cents on the dollar.
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I think the Apocalypse is happening all around us. We go on eating desserts and watching TV. I know I do. I wish we were more capable of sustained passion and sustained resistance. We should be screaming and what we do is gossip. -Lydia Millet
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