Where Have All the Neocons Gone? (who cares---just get 'em out of OUR party)

The American Conservative ^ | January 12, 2009 | Jacob Heilbrunn

[calcowgirl]

>>Other holdings include a 45%-stake in Japanese bank Aozora, real estate services firm LNR Property

Ah, I forgot about LNR!

LNR Property was a principal in the miraculous disappearance last year of about $1 Billion of Calpers funds. (okay... not disappearance, more like musical chairs.) It was a risky joint venture land deal called “Landsource” that involved Calpers, Lennar, and Cerberus/LNR Property. Landsource filed for bankruptcy shortly before the RE market tanked.

http://www.sacbee.com/opinion/story/1518469.html
CalPERS made a bet – and lost

I forget the gory details but there are several articles on FR
http://www.freerepublic.com/tag/landsource/index
http://www.freerepublic.com/tag/calpers/index

[Just mythoughts]

http://www.telegraph.co.uk/finance/financetopics/recession/4986287/IMF-poised-to-print-billions-of-dollars-in-global-quantitative-easing.html

Poor old MadOff if only he could have held on a little longer he might have qualified for his own printing press.

[Liz]

......if only he could have held on a little longer, Madoff might have qualified for his own printing press....

(Sniffle), Geeze I'm all broke about that.

Maybe we can still bailout Madoff "investors"?

Americans are lining up now, hoping to give the Madoffians bonuses (bawl).

[Liz]

.......Cerebrus' LNR Property was a principal in the miraculous disappearance last year of about $1 Billion of Calpers funds. (okay... not disappearance, more like musical chairs.) It was a risky joint venture land deal called “Landsource” that involved Calpers, Lennar, and Cerberus/LNR Property. Landsource filed for bankruptcy shortly before the RE market tanked. CalPERS made a bet – and lost.......there are several articles......

http://www.freerepublic.com/tag/landsource/index
http://www.freerepublic.com/tag/calpers/index
http://www.sacbee.com/opinion/story/1518469.html

Snort---everytime you hear about billions disappearing, Calpers name comes up.

[Just mythoughts]

(Sniffle), Geeze I'm all broke about that. Maybe we can still bailout Madoff "investors"? Americans are lining up now, hoping to give the Madoffians bonuses (bawl).

Got to get first in line for permission to print 'dollars'. There is where the 'real' bonuses will be given.