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Re: What conspiracy?In Reply to: Re: What conspiracy? posted by Stephen - CA on January 03, 2004 at 11:25 PM : Enron, WorldCom, Adelphia et al are just a few examples of what the general public thought were legit business practices. They are also FACTS and a matter of PUBLIC RECORD! APPLES & ORANGES. This is my last post on the subject, think what you want I really don't care. There is a big difference with what went on with the Stock Market to what is occurring at the Trustee Sales. I'm as cynical as the next person, but just because properties are being bid up to extremely high levels doesn't mean that there is some type of backdoor fraud / stealing / lieing, etc going on. Is it not possible that properties are just being bid up to high levels? The RE market went up over 20% in SoCal last year. If an investor paid close to market value for a property at an auction and held it for a year do you think they lost money? I wonder how you would feel if you were an auctioneer and newbies start accussing you of "shady dealings" just because they don't understand what is going on? Analyze the data and present us with some evidence that anything "shady" is going on. Otherwise maybe Ward should change the name of this board to the Foreclosure Enquirer.
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