Greenspan's Body Count: Ed Boesen the Florist

Today's episode of Greenspan's Body Count comes from a pillar of the business community in Des Moines. Boesen the Florist has been a fixture of Des Moines since its founding by Theodore and Betty Boesen in 1923. Currently, their grandson Ed Boesen owns it with his brothers. Well, Ed not so much anymore. Ed got into other business interests, including real estate speculation and development in Greenspan's bubble. Well, that didn't work so well. Boesen the Florist committed suicide and now at least five banks are suing the estate for about $26 million in bad debts, including this one:
Boesen and his wife, Maureen, borrowed $290,000 on May 25, 2007, to purchase the property at 927 Ordnance Road in Ankeny. The building is assessed at $189,000, according to the Polk County assessor’s office.

The bank informed the estate that it was in default on the loan on July 28.

Ed Boesen, the florist who dared to dream the impossible Greenspan dream. Greenspan's Body Count now stands at thirty-eight:

Ed Boesen
Edwin F. Rachleff
Carlene Balderrama
Troy VanderStelt
Scott M. Coles
Dawn E. Armstrong
Thomas Lizotte
Jonathon Calvin "40-Cal" Jacques
Salvador X
Lupe X
Jade X
Little Boy X
Little Girl X
Kashmir Billon
Bill McMurtry

Lisa McMurtry
James Hahn
Raymond Donaca
Deanna Donaca
Michel Veillette
Nadya Ferrari-Veillette
Marguerite Veillette
Vincent Veillette
Mia Veillette
Jacob Veillette
Maurice Pereira
Natasha Pereira
Mark Achilli
Raed Al-Farah
Andrew Kissel
Rufus Shaw Jr.
Lynn Flint Shaw
Mr. Pierce
Walter Buczynksi
Marci Buczynski
Jason Washington

No comments:

CalPERS Fail

Despite the awesome bull market this year, CalPERS again missed its return target, earning only 5.8% vs. its required 6.8%. CalPERS has mi...