Acerola211 (November 30, 1999 at 12:00 am)

@draggeddownthehole Ha ha good analogy!

Acerola211 (November 30, 1999 at 12:00 am)

@wmanger You should check out the Chinese real estate market. The same exact thing that happened in Japan and the US is happening in China now, too. Plus I feel like the European crisis right now is also based on real estate crash. *shakes head* It seems that people never learn.

bkzfinest07 (November 30, 1999 at 12:00 am)

@mavisrain Here's a crazy idea for you to wrap your head around. You ever tried to ask yourself what if Lone Star was just one of the hundred subsidiaries Merill Lynch can bring into existence at any point in time with the snap of a finger? Mind boggling huh?

mavisrain (November 30, 1999 at 12:00 am)

I think Lone Star truly believed that those assets were worth more than $6.7 billion, since if the S.P.E fails to get back more than $6.7 billion after selling out all the assets the major victims will be Lone Star themselves. and I don't think Lone Star guys are naive enough not to take it into consideration. They don't want to lose their $1.7billion. maybe they just lacked cash.

sundancekid122 (November 30, 1999 at 12:00 am)

I dont understand completely. If the assets are worth nothing (if they default) wont meryll lynch be out 5 billion that they loaned?

falleruen (November 30, 1999 at 12:00 am)

Does anyone know where Sal got this article?

MatDerKater (November 30, 1999 at 12:00 am)

The Mighty Khan = Legend!

FPVFLIGHTSCHOOL (November 30, 1999 at 12:00 am)

Anyone care to bet that the commission for this deal was paid using the $30 BILLION notional value. I bet the criminal Bankers gave themselves a $30 MILLION bonus on this deal.

arlenschmidt (November 30, 1999 at 12:00 am)

That is legendary..haha

dmokhtar (November 30, 1999 at 12:00 am)

Excellent!!