12.26.2008

Greenspan's Body Count: Randy Motts is 69, dude

In today's episode of Greenspan's Body Count, Randy Motts was a great car salesman who ended up buying the dealership... and then leveraged himself to the hilt just as Greenspan's bubble came crashing down:

According to multiple sources, Motts death was the result of a suicide. Police were summoned to the family's home on Tuesday morning with a report of a possible self-inflicted gunshot wound.

[...]

Motts' dealership had just undergone expansion, with the opening of an Abeloff Nissan at a new sprawling, five-acre location on Route 611 in Bartonsville.

"Nissan wanted Randy to build a new dealership. Nissan insisted it," Abeloff said.

Motts spent about $3.5 million, and had to put up his home as collateral for the loan, according to Abeloff.

"That was the beginning of his worries. To get the mortgage, he had to put his house up. That's what worried him. That spread him a little thin," Abeloff said.

Oil prices and the economy affected the Buick/Pontiac/GMC dealership. "The gas, that changed the whole market," Abeloff said.

Greenspan's Body Count now stands at sixty-nine, dude:

Randy Motts
Kristy Hunt
Joseph Nesheiwat
Tom Brisch
Alex Widmer
Brian Pugh
Marilyn Lewis
Sid Agrawal
Kirk Stephenson
Barry Fox
Dallas Dwayne Carter
David Hetzel
Sharron Hetzel
Cliff Kendall
Pamela Ross
Roland Gore
Mrs. Gore
Wanda Dunn
Karthik Rajaram
Subasri Rajaram
Krishna Rajaram
Ganesha Rajaram
Arjuna Rajaram
Indra Ramasesham
Joe X
Isabelle Jarka
Robert Wagner
Lt. Michael Howe
John Roberts
Palmer C. White
Dianne Pittman White
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
[redacted]
[redacted]
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:

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...