That’s what some people, including federal investigators, are thinking. I don’t know much about that, but I do think that all this federal bailout money is ultimately good for the Greenwich real estate market because sharp people everywhere are quickly figuring out how to make billions from this tidal wave of loose funds. And sharp financial types tend to end up buying in Greenwich. In case that’s not enough to stir up hope, consider Obama’s upcoming cap and trade system that’s going to save the world. Trillions and trillions of dollars are going to be squeezed from consumers and guess, just guess, who (besides the government) will end up with those dollars? That’s right, and they’ll be coming our way. With all that, plus the double digit inflation that will soon arrive, I thik Greenwich prices are going to start looking healthy again in just a few more years. Of course the country will be going to hell, but do we care?
UPDATE: We have Wall Street, Italy has the Mafia, and the latter is flourishing in the midst of the financial meltdown. I’m not comparing our fiancial system with the Mafia but, they each share the sanguine attitude of Tammany Hall’s George Plunkitt, who explained, “I didn’t steal nuttin’ – I just seen my opportunities and I took ’em.”