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failed deals replace boom

Started by jadedinNY
over 17 years ago
Posts: 53
Member since: Nov 2007
Discussion about
The Times, lead cheerleader for the housing boom, had this article www.nytimes.com/2008/10/01/nyregion/01develop.html?hp My personal favorite paragraph Barry M. Gosin, chief executive of Newmark Knight Frank, a national real estate firm based in New York, said: “Today, the entire financial system needs a lubricant. It’s kind of like driving your car after running out of oil and the engine seizes up. If there’s no liquidity and no financing, everything seizes up.”
Response by abrokernyc
over 17 years ago
Posts: 21
Member since: Oct 2007

I read this article also. I applaud the use of the word "lubricant" in any article...

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