To: reaganaut1
Nobody bothers to run the numbers before starting these sure loser projects. Due dilligence is important.
4 posted on
04/14/2009 11:35:49 AM PDT by
Hacklehead
(Liberalism is the art of taking what works, breaking it, and then blaming conservatives.)
To: Hacklehead
Nobody bothers to run the numbers before starting these sure loser projects. Due dilligence is important. I'm sure the math was impeccable, but based on the assumption (prevalent back then) that crude oil would never, ever, be under $120/bbl ever again.
That's the problem with assumptions, especially when it comes to predicting how much stuff will cost in a year or two. It's the same thing that caught the mortgage-bundlers in the run-up to the current economic crisis.
7 posted on
04/14/2009 11:40:58 AM PDT by
r9etb
To: Hacklehead
Nobody bothers to run the numbers before starting these sure loser projects. Due dilligence is important.They assumed that fuel prices would skyrocket forever just like housing prices.
9 posted on
04/14/2009 11:42:42 AM PDT by
umgud
(I'm really happy I wasn't aborted)
To: Hacklehead
Nobody bothers to run the numbers before starting these sure loser projects. Due dilligence is important. And with all that money on the line. Amazing....isn't it.
20 posted on
04/14/2009 12:18:30 PM PDT by
Donald Rumsfeld Fan
(Sarah Palin "The Iron Lady of the North")
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