I think Mr. Mozilo's comments about how previous market conditions differ from now, were the most compelling. 

Steadily lowering property values have had devastating consequences.  It was interesting to hear that the same loans that were doing well a couple years ago are now in jeopardy, presumably due to the fact that refinancing and other options that could tap into equity that had been available, is, in many cases, simply non existent now.

The really scary thing is that that trend is more than likely to continue for quite a while.  I'm hoping that new optimism after the election will put a spark back into the market. 

I'm hoping that new optimism after the election will put a spark back into the market. 

You hit it right on the nose, Fred. I sense that many of the sources our markets rely on for funding are simply not happy with us. Which is why I say there's still much hope for a turn-around, just not quite yet. Solid comment, as always.

Mike

Interesting to me that since Toll concentrates on higher end developments, he doesnt completely understand the overall impact except as it relates to his move up buyers such as myself that were looking at his product, which typically requires a $75K deposit to get started.

Far more interesting however, are Zandi's comments indicating how much further we need to fall to establish a bottom.

Personally, after watching and listening to Mozillo, I believe he is being scapegoated for much of what is happening today; I'd like to see him involved in the healing of the mortgage and real estate industry.....why throw away close to 40 years of knowledge and experience based on the last 18 months of performance?

Bill - Zandi's been bearish on the market for quite some time now. I've caught his earlier radio/TV spots and his message has been very consistent (and accurate) thus far. As for Angelo's role in the mop-up...that's a hard call to make. He has the knowledge but if his presence is at all divisive among investors - then no. It's worth recognizing his contributions to the industry but given the cloud over his name, any role outside of forensics may not be suitable until said stigma blows over. Lots and lots have changed since this roundtable event... :) I wonder how Toll is feeling about things these days...

To answer my own question, Toll shouldn't be feeling too bad at all. http://finance.google.com/finance?client=ob&q=NYSE:TOL

Maria Bartiromo is a worthless whore who was one of the main reasons for the stock market bubble burst years ago.

Now she is helping to ruin the real estate market.

CNBC pushes horrible products and then they say it wasn't their fault because they are just reporters.

Tell us how you really feel, Ron.

Hey Michael - This is the first chance I got to take a listen. Gloomy, but very interesting.  The analyst in video II was thought provoking.

Hi Sara, I'm here to share. Glad you enjoyed.

Michael:  I wouldn't believe a word that Mozillo uttered or any of the "Friends of Angelo".  He rode the bubble all the way to the top... I wrote a blog about him a couple of months ago.   A builder is going to tell you what he wants you to believe also.  Zandi... bearish, but knowledgeable.