Daily Archives: March 9, 2009
Splitsville – Ruth Madoff lawyers up
Ruthie’s getting her own lawyer. That’s usually a sign that a defendant’s interests just diverged from those of the other defendant. With Bernie set to plead guilty Thursday, does this mean he’s going to rat out his wife? I wouldn’t put … Continue reading
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Next up – a trillion dollars for real estate developers
The John Hancock tower is estimated to have lost half its value since 2006. Why does this obligate taxpayers to bail out commercial real estate developers? Because it just does, that’s why. Once we started down this path, there is no … Continue reading
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Just in case you thought a depression might bring liberals to reason
Obama to emphasize “social issues” in world trade agreements. The ” incompetence or malice ?” question is edging closer to malice every day.
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A religion of peace and reason
Saudi court sentences 75-year-old woman to 40 lashes and four months in jail for having nephew bring her bread. And Saudis are the moderates in the Arab world.
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Oil prices
Yesterday I questioned whether the towel heads could really push oil above $50 a barrel in the face of a world-wide depression. Tonight the Times reports that others are asking the same question. I’m sorry if cheap oil hurts Iraq’s … Continue reading
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Summering in the Hamptons? Bring a tent
Bitsy Manana thought she’d rented a summer shack in the Hamptons for the princely sum of $112,000 plus $14,000 commission to her broker. That was in October. In January, the brokerage firm informed her that there was a slight problem … Continue reading
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In the new world of Obama we’ll do away with politics as usual
Obama’s Secretary of Agricultural calls for increased ethanol mandate. He was speaking before an audience of corn farmers, the daring guy – speaking truth to power!
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A taste of socialized medicine
I’ve had a long spell of no medical insurance due to some minor (to me, big, apparently to insurance companies) preexisting conditions, so I was glad to sign up for the state’s Charter Oak insurance program when it was offered … Continue reading
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Call me stupid but …
The builder/owner of 69 Rockwood Lane paid $2.729 for it in a bidding war (asking price was $2.295) on October 27, 2008. He must have looked at the place in daylight and seen the same rocky, swampy ground that I … Continue reading
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Well this ought to make me popular
Our Selectmen have endorsed an ordinance that will ban registered sex offenders from our beaches and parks. I think this is overkill and unnecessary. From my prior practice, I know two people who have had to register as sex offenders, … Continue reading
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This 16,000 square foot cottage, nestled serenely alongside Greenwich’s bucolic Lake Avenue, had trouble finding a buyer at $16,250,000, so today its price dropped to $13,250,000. That should do the trick.
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What’s this supposed to mean?
The builder of a proposed house at 20 Langhorne Lane has dropped his price again, this time from $10.998 million to $9.998. Original price was $14.998 million, so I guess it shows progress, but is the builder still planning on … Continue reading
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Enjoying a tryst with an investment banker? Make sure he’s still employed!
Swiss IB’r (no, not our own Retired IB’r, surely) admits to blackmailing ladies with videos of their lovemaking . (Hat tip, Dealbreaker.com) MUNICH, Germany, March 9 (Reuters) – A former Swiss investment banker admitted in court on Monday that he … Continue reading
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Monica, Ruth, now Leila – do they have triplexes at Bedford Women’s Prison?
The first female Ponzi has been exposed by the dropping waters. Leila Jenkins, of Newport and Palm Beach (hiya, Bernie! Hiya, Walt!) has been exposed by the SEC – seems she claimed a billion dollar asset base all held in … Continue reading
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This isn’t nice
There’s a house in the Back Country listed for sale for just under $5 million which would be a good price, if the house and its location were better. They aren’t, so I’m not showing it, but I did discover, … Continue reading
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A bellwether
This large house way up on Lake Avenue on 4 acres sold for $4.4 million in 2003. So far as the listing shows nothing was done to it between purchase and January, 2005 but the buyers put it back up … Continue reading
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Good news, bad news
7 Dandy, a very well built house, is reported under contract. Its last asking price, down from an original $2.579 million, was $2.250 or so and I assume that, in this market, the buyer negotiated a price below that. So … Continue reading
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2004, 2009 – that was then, this is now
In 2004, 7 Orchard Drive in Milbrook sold for $3.780 million. The buyers relisted it for $4.895 in May, 2006 and today, several brokers and price changes later, it’s offered at $2.999 million.
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New pricing
I had coffee with another realtor this morning and she told me that she and a friend had gone through Friday’s Greenwich Time real estate ads looking for prices that reflected the “new” market vs. those that were still pegged … Continue reading
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More on the anti-religion bill
Greenwich Time has picked up the story mentioned here last week – Connecticut’s Judiciary Committee is proposing to strip the Catholic Church of control over its churches. Love that church or despise it, messing with the United States’ Constitution sets a … Continue reading
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