1.26.2009

And you thought Del Mar real estate has tanked

This poor schlub bought a Florida mansion for $13.75 million in March 2004--and sold it in November for $10 (or $100, depending on which reports you read).

What? The poor schlub is Lehman Brothers' chief expropriation officer Richard Fuld? And he "sold" the mansion to his wife? He must be the guy who gave Bernie Madoff the brilliant idea of mailing his jewelry to his relatives.

No comments:

White House considering new tax-deferred accounts to encourage investing

CNBC : As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest...