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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
05-08-2019, 09:51 PM
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#7
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Seldom Seen
Join Date: May 2001
Posts: 10,548
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Quote:
Originally Posted by Jim in CT
The commercial real estate market completely collapsed, and there was a major recession. Did the Times article mention those things, or did they lay 100% of the blame on him? I'm not saying he's Warren Buffet or Bill Gates. I'm saying there were enormous challenges to real estate investors in that timeframe. That's what caused the S&L collapse, even insurance companies went under because they had invested their reserves in commercial real estate.
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Oh.... so that was it....  |
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