http://blog.stealthmode.com/2008/03/its-always-the-economy-stupid/ Entrepreneurship, Current Affairs, Tech and Our World Tue, 31 Jan 2012 05:23:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://blog.stealthmode.com/2008/03/its-always-the-economy-stupid/comment-page-1/#comment-476 francine hardaway Sun, 06 Apr 2008 06:42:35 +0000 http://fhardaway.wordpress.com/2008/03/17/its-always-the-economy-stupid/#comment-476 Yes, that's the credit crunch. Most businesses need lines of credit, and when the banks freak out and start freezing or not extending lines, it affects business and can make things worse. Yes, that’s the credit crunch. Most businesses need lines of credit, and when the banks freak out and start freezing or not extending lines, it affects business and can make things worse.

]]> http://blog.stealthmode.com/2008/03/its-always-the-economy-stupid/comment-page-1/#comment-477 Max Sun, 06 Apr 2008 06:00:29 +0000 http://fhardaway.wordpress.com/2008/03/17/its-always-the-economy-stupid/#comment-477 I think business for long time runs a very lean and mean business says he has buyers who still buy lots, but can't get financing to build. I think business for long time runs a very lean and mean business says he has buyers who still buy lots, but can’t get financing to build.

]]> http://blog.stealthmode.com/2008/03/its-always-the-economy-stupid/comment-page-1/#comment-478 Jack Kessler Wed, 19 Mar 2008 19:25:36 +0000 http://fhardaway.wordpress.com/2008/03/17/its-always-the-economy-stupid/#comment-478 Actually the Bear Stearns deal was even worse than Francine is making it sound. Of the $3 billion in assets they claimed they had, $1 billion of it was their skyscraper at 1 Madison Avenue. That means that to arrive at a $236 million sales price, the rest of their combined assets and liabilities were valued at zero to substantially less. That JP Morgan Chase feared it was less, possibly a lot less, is shown by their demand for Federal Reserve guarantees against losses. That the Federal Reserve also feared that it was a lot less is shown by the fact that they gave the guarantees. Actually the Bear Stearns deal was even worse than Francine is making it sound. Of the $3 billion in assets they claimed they had, $1 billion of it was their skyscraper at 1 Madison Avenue. That means that to arrive at a $236 million sales price, the rest of their combined assets and liabilities were valued at zero to substantially less. That JP Morgan Chase feared it was less, possibly a lot less, is shown by their demand for Federal Reserve guarantees against losses. That the Federal Reserve also feared that it was a lot less is shown by the fact that they gave the guarantees.

]]> http://blog.stealthmode.com/2008/03/its-always-the-economy-stupid/comment-page-1/#comment-479 Jack Kessler Wed, 19 Mar 2008 19:24:40 +0000 http://fhardaway.wordpress.com/2008/03/17/its-always-the-economy-stupid/#comment-479 Actually the Bear Stearns deal was even worse than Francine is making it sound. Of the $3 billion in assets they claimed they had, $1 billion of it was their skyscraper at 1 Madison Avenue. That means that to arrive at a $236 million sales price, the rest of their combined assets and liabilities were valued at zero to substantially less. That JP Morgan Chase feared it was less, possibly a lot less, is shown by their demand for Federal Reserve guarantees against losses. That the Federal Reserve also feared that it was a lot less is shown by the fact that they gave the guarantees. Actually the Bear Stearns deal was even worse than Francine is making it sound. Of the $3 billion in assets they claimed they had, $1 billion of it was their skyscraper at 1 Madison Avenue. That means that to arrive at a $236 million sales price, the rest of their combined assets and liabilities were valued at zero to substantially less. That JP Morgan Chase feared it was less, possibly a lot less, is shown by their demand for Federal Reserve guarantees against losses. That the Federal Reserve also feared that it was a lot less is shown by the fact that they gave the guarantees.

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