{"id":11371,"date":"2010-02-23T09:25:40","date_gmt":"2010-02-23T16:25:40","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=11371"},"modified":"2010-02-23T09:25:40","modified_gmt":"2010-02-23T16:25:40","slug":"now-im-beginning-to-get-it-the-missing-brick-in-the-wall","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/11371\/now-im-beginning-to-get-it-the-missing-brick-in-the-wall\/","title":{"rendered":"Now I&#8217;m Beginning To Get It &#8211; The Missing Brick In The Wall"},"content":{"rendered":"<p>My favorite Uncle, Fighter Pilot Dick, sent me this video the other day. I was flabbergasted, which is hard to accomplish lately. I then sent it to a couple of folks for whom I hold much respect, to gain their takes. Both of them are fellow Hounds, Brian Brady and Tony Gallegos. <\/p>\n<p>I thought Brian&#8217;s most cogent reply to me during a little back and forth emailing, was the following: Note: The link in Brian&#8217;s quote was added by me. It goes to the original video. The embedded video here is the same, but has some CNN commentary up front.<\/p>\n<blockquote><p>I know the FDIC went out of its way to issue a Press Release, denouncing the guys at <a href=\"http:\/\/www.thinkbigworksmall.com\/mypage\/player\/tbws\/23088\/1458628\">Thing Big Work Small<\/a>.\u00a0 I know those guys fairly well (had a few beers with them at the CAMB convention this summer).\u00a0 The FDIC denounced the video as &#8220;factually incorrect&#8221;, a day after it came out&#8230;then&#8230;<\/p>\n<p>One West Bank, who bought the IndyMac portfolio for $1.55 Billion, earned 1.57 billion in its first year of operation.\u00a0 Now Jeff, youi&#8217;re a bright guy&#8230;what kind of bank earns 100% ROI in one year?<\/p><\/blockquote>\n<p>This video explains a whole lot, though I suspect I may be late coming to this party. Considering the reply received from Tony, who said he didn&#8217;t know the details of the transaction, I&#8217;m thinkin&#8217; maybe we&#8217;ve all been missing this particular brick in the wall. <\/p>\n<p>Though CNN doesn&#8217;t bollix it up too much, the really good stuff starts around 1:45 on the video. Would love to hear your take.<\/p>\n<p><object width=\"425\" height=\"344\"><param name=\"movie\" value=\"http:\/\/www.youtube.com\/v\/kdJBNCGEVso&#038;hl=en_US&#038;fs=1&#038;\"><\/param><param name=\"allowFullScreen\" value=\"true\"><\/param><param name=\"allowscriptaccess\" value=\"always\"><\/param><\/object><\/p>\n","protected":false},"excerpt":{"rendered":"<p>My favorite Uncle, Fighter Pilot Dick, sent me this video the other day. I was flabbergasted, which is hard to accomplish lately. I then sent it to a couple of folks for whom I hold much respect, to gain their takes. Both of them are fellow Hounds, Brian Brady and Tony Gallegos. I thought Brian&#8217;s [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62,7,26],"tags":[],"class_list":{"0":"post-11371","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-dirty-laundry","7":"category-enduring-interest","8":"category-lending","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2665,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2665\/brian-brady-on-realestateradiousacom-mortgages-unchained\/","url_meta":{"origin":11371,"position":0},"title":"Brian Brady on RealEstateRadioUSA.com: Mortgages unchained","author":"Greg Swann","date":"February 26, 2008","format":false,"excerpt":"Brian Brady did a half-hour interview this afternoon on RealEstateRadioUSA.com, the internet radio station for real estate. He was talking about BloodhoundBlog Unchained, but hosts Barry Cunningham and Barry Johnson also probed him about the mortgage market. To top things off, there's an extensive discussion of the \"What would David\u2026","rel":"","context":"In &quot;Blogging&quot;","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12689,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12689\/no-day-at-the-beach\/","url_meta":{"origin":11371,"position":1},"title":"No Day At The Beach","author":"Sean Purcell","date":"July 18, 2010","format":false,"excerpt":"Yesterday was no day at the beach.\u00a0 Okay, technically I suppose you could twist the facts around and put a major league, curve ball spin on it and call it a day at the beach.\u00a0 You know, if you want to get hung up on little details like how I\u2026","rel":"","context":"In &quot;Real Estate&quot;","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2010\/07\/Hole-in-the-Beach-Gang-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8706,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8706\/the-fdic-is-going-broke\/","url_meta":{"origin":11371,"position":2},"title":"The FDIC is going broke&#8230;","author":"Greg Swann","date":"June 1, 2009","format":false,"excerpt":"The Business Insider:","rel":"","context":"In &quot;Big Mother&quot;","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2581,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2581\/the-great-debates-monday-feb-11\/","url_meta":{"origin":11371,"position":3},"title":"The Great Debates &#8211; Monday, Feb 11","author":"Russell Shaw","date":"February 8, 2008","format":false,"excerpt":"Dustin asks if Brian Wilson is really going to argue .. .. that Realtor.com is an agent's friend with me taking the other side? Yes, is the answer. I met Brian in Hawaii just a little over a week ago. We were both there for CRS Sell-a-bration. I was a\u2026","rel":"","context":"In &quot;Disintermediation&quot;","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"wilsonshaw","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2008\/02\/wilsonshaw.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2705,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2705\/does-the-renet-mean-real-estate-or-resist-everything\/","url_meta":{"origin":11371,"position":4},"title":"Does the RE.net mean Real Estate or Resist Everything?","author":"Teri Lussier","date":"March 5, 2008","format":false,"excerpt":"In a recent post, Brian Brady said he's been talking to me and that's kinda sorta true. What's really going on is that he's been doing the talking\u00a0while\u00a0I've been doing the whining, just like a lot of us in real estate.\u00a0What he didn't tell you is that he gave me\u2026","rel":"","context":"In &quot;Marketing&quot;","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1171,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1171\/the-carnival-of-real-estate-25\/","url_meta":{"origin":11371,"position":5},"title":"The Carnival of Real Estate . . .","author":"Greg Swann","date":"March 19, 2007","format":false,"excerpt":"...is up at Mike's Corner. Mike Price expresses this week's winners in win-place-show format. Our own Brian Brady came in second, with BAD LOANS: Buried In The Back Of The BreadBox, his excellent explication of the practical, long-term consequences of the sub-prime lending implosion. The Carnival of Real Estate Investing\u2026","rel":"","context":"In &quot;Blog Carnivals&quot;","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/11371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=11371"}],"version-history":[{"count":3,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/11371\/revisions"}],"predecessor-version":[{"id":11375,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/11371\/revisions\/11375"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=11371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=11371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=11371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}