[DeTomaso] NPC: REALLY NO PANTERA CONTENT, US Auto Industry Bailout OPINION

[asajay at asajay.com]

It's called a bomb shelter, not a food shelter.
Got an extra seat waitin' for ya.

Asa Jay

Quoting "michael at michaelshortt.com" <michael at michaelshortt.com>:

> In the end, it will not be about who has the most toys, the most money or
> even the most guns, it will be about the guy with the most AMMO.
>
> Why build a bomb shelter and store food, I'll just take yours.
>
> Another Cheerful thought to share.
>
> Michael
>
>
>
>
> On Tue, Dec 9, 2008 at 1:05 PM, Larry - Ohio Time Corp <
> larry at ohiotimecorp.com> wrote:
>
>> << No one gets in while I am alive>>
>>
>> If the doctor does not, you may not be...
>>
>>
>> Larry (next year) - Cleveland
>>
>>
>> -----Original Message-----
>> From: detomaso-bounces at realbig.com [mailto:detomaso-bounces at realbig.com]
>> On
>> Behalf Of Peter Kovacs
>> Sent: Tuesday, December 09, 2008 12:56 PM
>> To: Mad Dog Antenucci; michael frazier; michael at michaelshortt.com;
>> notstock at yahoo.com
>> Cc: kenn_green at yahoo.com; asajay at asajay.com; pantera list
>>  Subject: Re: [DeTomaso] NPC: REALLY NO PANTERA CONTENT,US Auto Industry
>> Bailout OPINION
>>
>> My rules... No one gets in while I am alive.
>>
>> Peter Kovacs
>> Property Equity & Mortgage Mgmt
>> 209 345-6708
>> 209 523-4919 fx
>>
>>
>>
>>
>> ________________________________
>> From: Mad Dog Antenucci <teampantera at yahoo.com>
>> To: Peter Kovacs <peter-kovacs at sbcglobal.net>; michael frazier
>> <red3644 at hotmail.com>; michael at michaelshortt.com; notstock at yahoo.com
>> Cc: kenn_green at yahoo.com; asajay at asajay.com; pantera list
>> <detomaso at realbig.com>
>> Sent: Tuesday, December 9, 2008 9:52:45 AM
>> Subject: Re: [DeTomaso] NPC: REALLY NO PANTERA CONTENT, US Auto Industry
>> Bailout OPINION
>>
>> Prison Rules - No one gets out alive
>>
>>
>> Peter Kovacs <peter-kovacs at sbcglobal.net> wrote:
>> Dawg!
>>
>> 'Dawgy Style' and 'You Behind Me' just don't work for me...but I appreciate
>> your support.....from a safe distance.
>>
>> Peter Kovacs
>> Property Equity & Mortgage Mgmt
>> 209 345-6708
>> 209 523-4919 fx
>>
>>
>>
>>
>> ________________________________
>> From: Mad Dog Antenucci
>> To: Peter Kovacs ; michael frazier ; michael at michaelshortt.com;
>> notstock at yahoo.com
>> Cc: kenn_green at yahoo.com; asajay at asajay.com; pantera list
>> Sent: Monday, December 8, 2008 8:50:26 PM
>> Subject: Re: [DeTomaso] NPC: REALLY NO PANTERA CONTENT, US Auto Industry
>> Bailout OPINION
>>
>> My good friend Peter,
>>
>> I didn't understand a damn thing I just read but I still appreciate what
>> you
>> and the other educated guys on this esteemed List have said.
>>
>> Just remember when there is anarchy in the streets and the feared socialist
>> revolution comes I just want you and the other capitalists and money
>> changeers to know that WHEN they come for you I will be standing right
>> behind you!
>>
>> Dawgy Style ;-]>
>>
>>
>>
>>
>>
>> Peter Kovacs wrote:
>> Mad Dog,
>>
>> Blame is a real balancing act. I certainly benefited from the
>> previous strong economy as a homeowner, investment property owner ,401k
>> investor, resident of a community with a growing economy, and in my career.
>> While subprime loans and options arms were available through the company I
>> worked for, I only did a few of them  and only after explaining the
>> benefits
>> and consequences of the program and never if there was a better
>> alternative. Most of my customers chose other products that provided more
>> stability or went to other lenders who were more excited about providing
>> the
>> requested 'low' payment program. A few of my sophisticated customers still
>> wanted option arms. They worked very well for some and not so well for
>> others but they knew what they were getting in to and the risks they were
>> taking. Over the years, a few borrowers chose the subprime 2/28s. They
>> worked well for some who sold or refinanced out later and for very few, the
>> combination of
>> factors did not exist for a successful exit. I advised them at the
>> beginning
>> of what was needed for that, so no surprises there either.
>>
>> The challenge for me was that if I properly informed a customer about
>> program, they were eligible for that program, and they applied for that
>> program I would be in violation for not providing that program. I would
>> often state,' I wouldn't suggest this to my friends and family'. Some would
>> listen, and choose a more responsible approach. Most would thank me for my
>> time, go down the street and get the loan elsewhere. I would share my
>> thoughts and concerns with the newspaper, city council etc. My office and I
>> put on workshops as a volunteer at the library just to help people
>> understand the loans they already had. City Council looked at me with their
>> tired faces and said ' good thoughts, meeting adjourned. ' Very few people
>> showed up to understand the loans they had. No one paid attention except
>> the
>> one reporter that came back after things changed and said 'you were right'.
>> It was a pretty sad day considering what I was right about.
>>
>> Since then,  I have spent many days, weekends and evenings volunteering at
>> foreclosure prevention workshops and speaking at town hall meetings,
>> churches and senior centers. I even attended a congressional field hearing
>> regarding this issue and submitted testimony to it. I'd be happy to include
>> my testimony but this email is long enough. It is frustrating when people
>> ignore information that is available then cry foul later saying 'why didn't
>> someone tell me this could happen?'
>>
>> Since then, my equity in my home has evaporated as it has with my
>> investment
>> properties and 401k. My community and surrounding communities have
>> significantly deteriorated. My income has greatly diminished. This part of
>> the cycle will pass also. There are incredible opportunities out there and
>> the market has a short memory.
>>
>> Despite what the media puts out there, business is now booming. Homes are
>> being sold for 'less than they are worth'. Multiple offers on most
>> listings.
>> The pendulum has swung the other way. Housing prices are very low in
>> relation to the areas earnings. Plenty of demand from investors, and even
>> modest single income households that never could have dreamed of buying a
>> few years ago. Because of the national news, the supply keeps coming
>> because
>> there is no longer an incentive to keep paying on the part the the people
>> who owe more than their home is currently worth. Homes previously sold for
>> $729,000 now are selling in the mid $200's if you can beat out the other
>> offers. You can now buy houses for cheaper than you can build them.
>> Builders
>> are bankrupt or sidelined....and they can build a house overnight. We are
>> already creating our next housing shortage. Keep watching, we are
>> witnessing
>> a huge redistribution of wealth.
>>
>> Hopefully you don't find yourself on the wrong end of that redistribution
>> once the dust settles. Take some of the Millions you have left over from
>> the
>> ORR bet and buy some property. There are still loans out there for the
>> qualified buyers, but now qualifications are a requirement.
>>
>> If you think this letter was long, you should see my letter to congress.
>>
>>
>> Peter Kovacs
>> Property Equity & Mortgage Mgmt
>> 209 345-6708
>> 209 523-4919 fx
>>
>>
>>
>>
>> ________________________________
>> From: Mad Dog Antenucci
>> To: michael frazier ; michael at michaelshortt.com; notstock at yahoo.com
>> Cc: kenn_green at yahoo.com; asajay at asajay.com; pantera list
>> Sent: Monday, December 8, 2008 2:18:07 PM
>> Subject: Re: [DeTomaso] NPC: REALLY NO PANTERA CONTENT, US Auto Industry
>> Bailout OPINION
>>
>> Your EXACTLY right on Michael...
>>
>> I was reminded off line that my rants sound good but we are all guilty to
>> some degree of greed.....
>>
>> none of us COF's are going to sell our homes what they are really
>> worth...thats assuming we could find a qualified buyer! And if the home
>> prices keep falling (Peter we blame you for this) we may end up selling our
>> homes for REALLY what they are worth!!!
>> HAH........okay glad I am finally finding the humor in this situation
>>
>> Sorry for the earlier rants.
>>
>> Dawg, back in his cage
>>
>> michael frazier wrote:
>> *"GM, which is now committed to making car consumers want to buy "*
>>
>> I think that was the problem all along.  We wanted to buy 9 passenger 4
>> wheel drives.  How can you survive without one?
>> The condition of American roads and mall parking lots make them
>> essential...not to mention the nearly constant off road use
>> these vehicles see daily.  If you make "lighter and more fuel efficient
>> look
>> "Cool", then we'll need those too.  They built exactly
>> what we wanted.
>> Michael
>> Big Bend ORR  April 2009!
>> _________________________________________________________________
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>> 22008
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>>
>> Mad Dawg Antenucci
>> Team Pantera Racing
>>   The 1st & still the only vintage race team in open road racing
>> www.teampanteraracing.com
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>> Mad Dawg Antenucci
>> Team Pantera Racing
>> The 1st & still the only vintage race team in open road racing
>> www.teampanteraracing.com
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>> Mad Dawg Antenucci
>> Team Pantera Racing
>> The 1st & still the only vintage race team in open road racing
>> www.teampanteraracing.com
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>
>
> --
> Michael L. Shortt
> Savannah, Georgia
> www.michaelshortt.com
> michael at michaelshortt.com
> 912-232-9390
>
>
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