10-14-2007, 08:43 PM
|
|
Junior Member
|
|
Join Date: Oct 2007
Posts: 14
|
|
Quote:
Originally Posted by Sage Griot
Re-f
Im worried that your suggestions are too early as I have seen very little feedback from the victims to indicate acceptance of the problem. I am afraid it is too late, but hopefully the "frozen assets" will be sufficient to lessen the financial harm to the participants. But if there are high net worth individuals suppressing the story, or getting in front of the line, they should be excluded.
|
There won't be much in the way of assets to distribute and on top of that it will be much too late to help anyone who can't get through a year or more.
I have no doubt that the MDH principals have already spent most of the money and/or hidden it in ways that it won't be very easy to find. I would be willing to bet that less than a quarter of the investment money is ever recovered.
If you remember the Savings and Loan crisis from almost thirty years ago, the local governments were very slow to respond and although most investors got their money, it took a couple of years or more.
Then on top of it all, remember the little sticking point that technically, for anyone buying a new home, the investment money actually came from the seller, not the buyer of the property. So how could you legally give it back to the buyer?
I find it funny that I saw a post saying that MDH is now offering a choice of options for the investors including paying back the investment funds. That will be the day!!!
|