Wake me up when POS Capes run $350K.

There is some language such as “if lender is changed, then it is a breach of contract and bye bye deposit”. Clearly, very badly worded and unacceptable. Lawyer caught all such things. I think main things will be appliances, closing date, and deposit forfeit in case deal falls through (other than mortgage)… I believe those will be non-issues for me so far. However, I shouldn’t sign something that says “25k bye bye if you go with Clot’s guy” [it rhymes!]…

S

Having a lawyer protect you from bad language is a good thing. Having him scuttle a deal over appliances you do not even want is not this guy’s idea of a wise move.

Too bad TOL had/has a huge cash cushion to help take the edge off the poleaxing they’ve been taking fro quarters on end. It’d be really fun to watch them bleed out, HOV-style.

Of course, Bob Toll has taken polish-the-turd and turned it into an art form. Too bad no creative US attorney has been able to hang a RICO indictment on him. If he isn’t a racketeer, I don’t know who is.

clot: Back when I used to care, I did a significant amount of review of that company. The amount of self-dealing by upper management is literally disgusting. There are a million sub-partnerships which are consolidated into results, but have a group of sticky hands picking the pockets of shareholders……if you are going to steal, at least use the government to help you….

this is incase you need someone else to short.

May 20 (Bloomberg) — U.S. stocks are at the start of a bull market that may spur an 88 percent advance in the Standard & Poor’s 500 Index in the next two or three years, Laszlo Birinyi said.

“We’re confident we are in a bull market,” Birinyi, the founder of Westport, Connecticut-based research and money- management firm Birinyi Associates Inc., said in an interview with Bloomberg Television today.

The S&P 500 may jump to a record 1,700 as the economy rebounds from the worst recession since World War II, an increase from today’s close of 903.47, said Birinyi, who spent a decade on the trading desk at Salomon Brothers Inc. Signs the global contraction is easing have spurred a 34 percent rally by the index since it sank to a 12-year low in March.

http://www.bloomberg.com/apps/news?pid=20670001&sid=arkZfe8.A15o

Oh yeah, that’s gonna end really well…

Too bad TOL had/has a huge cash cushion to help take the edge off the poleaxing they’ve been taking fro quarters on end. It’d be really fun to watch them bleed out, HOV-style.

Of course, Bob Toll has taken polish-the-turd and turned it into an art form. Too bad no creative US attorney has been able to hang a RICO indictment on him. If he isn’t a racketeer, I don’t know who is.

Pension Benefit Guaranty Corp.’s deficit tripled to $33.5 billion in the past six months as companies canceled retirement plans in the U.S. recession, the head of the government-owned corporation said.

http://www.bloomberg.com/apps/news?pid=20601103&sid=aMkMXYrEwqpg&refer=us

The former director of the government’s pension agency took the Fifth Amendment Wednesday when senators asked about allegations that he had inappropriate contacts with Wall Street firms while running the operation, which insures the pensions of 44 million Americans.

http://www.google.com/hostednews/ap/article/ALeqM5inFZr1O1zSxPpgH9glULCEo5ldrwD98A4SQG0

Name doesn’t ring a bell. However, if this is his attitude, I’d give him about one more phone call to do what you want, when you want. If he can’t do that simple thing, there are about 7,000 other attorneys in a one-mile radius that will.

And I would suggest firing this guy and getting somebody who will work for you instead of fcuking up your deal.

California voters rejected a handful of ballot measures Tuesday meant to plug less than half of the state’s $21 billion budget hole, and state leaders today are preparing major program cuts to deal with the growing crisis.
Voters resoundingly snubbed five of the six ballot measures — a combination of tax increases, borrowing and earmarks for education — in Tuesday’s special election, with most of them receiving more than a 65 percent “no” vote. The only measure approved was one that prevents legislators, including the governor, from receiving pay raises in years when the state is running a deficit. Had the measures passed, the state’s deficit would have been slightly smaller: $15 billion. The timing couldn’t be worse for the Golden State, which regularly takes out short-term loans this time of year to pay its bills. California will be hard pressed to secure a sizeable loan, given its shaky credit rating and the tight lending policies at banks following the national economic crisis.

In anticipation of Tuesday’s outcome [Gov Schwarzenegger], he released early two versions of the budget, one based on the measures passing and the other if they failed. The second one calls for more than $5 billion in cuts to schools, more than $1 billion from higher education, and $2 billion from health and human services, including cuts in HIV education and prevention programs. It also calls for turning over thousands of undocumented immigrant prisoners to federal custody, saving the state $100 million, Schwarzenegger said, and borrowing $2 billion from local governments. And in a move that has drawn some criticism, Schwarzenegger’s budget also calls for selling off state properties, including San Quentin State Prison and the Los Angeles Memorial Coliseum.

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/20/AR2009052001891.html?hpid=topnews