Sometimes reality bites...

This Blog is a lot of things; informative, funny, sometimes raw and too the point.
Yes life is good; but reality is hard. People are losing their fortunes and their livelihoods.
Please take the time to read below; my last correspondence with the banker that used to buy me martinis and days at golf course.

“Bank man, I must ask you…..
If a man comes at you and your family in an alley with a knife and threatens to harm or possibly kill you, there are choices you must make as a man. You are in a fight or flight situation, a situation that has been around since the beginning of time, there is no talking your way out of it if the attacker is serious enough. Quick; what kind of man are you? You can Attempt to run, you may get caught. Or you can stay and fight. I am telling you, we will always choose to stay and fight. We stand and we fight. Like wise in the world of business; if your business is standing in the way of my business, threatening the life of my company I will not run, nor will I flinch in the danger and threats, I will fight. The builder that does not have much to lose cannot be taken from. What is this so necessary for?

Would it make sense for us to spend our time investigating to find the liquidity ratio the banks are at? We could find the weak banks that do not have enough cash; we would start with the ones that we are now at war with. We could find out how much they have in new construction and their land portfolio, how much of it is and could be considered NON performing assets, and how much is being hidden from the shareholders and depositors in the spirit of protecting the assets of the banks. Loans it appears; have many ways of being in default. Of course our loans are not hidden, but I know the banks are hiding the facts in a way. Then we find out who the borrowers are, we call for a builder / creditor summit, and we find out if they are or would stand together to create a public mission to push back and create a new portfolio of non performing loans large enough to get the attention of everyone. Ahh, the story in the media. Builders unite and band together as an industry to push back with a unified statement. A line in the sand. Would it work? I dunno, but if our business is gone, we will have the time to spare…
The Banking Industry needs to allocate the resources necessary to help rather than add to the problem”