A very interesting New York Times article entitled: "

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Veterans of ‘90s Bank Bailout See Opportunity in Current One.

A quote first:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Although the financial meltdown is a disaster for the country, Mr. Oros said, “the opportunity going forward is unprecedented. It is fantastic. It is as if I had been training for this for the last 40 years of my career.”

Who is Mr. Oros and the others from the 1990's RTC Savings & Loan Bailout?

OK - it is too big to put on the blog and see properly - but copy/save it or go to the article and you'll be able to read it more easily.

Basically - the Lawyers are most able to profit so far but others are looking at buying up the assets - mortgages, for pennies on the dollar to make tidy little profits!!  Yes, if you have some cash and are willing to wait a little...

There is a cautionary note in the article from Mr. Monroe at the end of the article:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“It is like a high-hurdle race: you can get going fast, but you have to jump over one hurdle after the other,” Mr. Monroe said. “It has turned out to be more complicated than even I expected.”