HP has a simple message for the stock-pumping, lying, deceiving, illegal-immigrant-hiring, system-gaming, short-term-thinking, insider-stock-trading homebuilder CEO swindlers whose bloody hands are all over the dead housing industry's corpse.
F@*$ you.
You ruined yet another American industry, you enriched yourselves at the public's expense, you've ruined lives, you've destroyed families, and some of you will now be heading to jail.
Sleep well at night?
Here's excerpts from Diana's latest post. I hope the knives really come out soon (and the cuffs)
Home Builder Sentiment Down: And They’re Mad At Me??
If you happened to read my blog last week, you’ll remember what a warm reception I got from the CEOs of the major public home builders at the JP Morgan Basics and Industrials conference. As they summarily rejected my polite requests for interviews at our live camera, they also made it abundantly clear that it was media hype fueling the negative sentiment among healthy home buyers across the nation.
And then again today I had the joy of reporting yet another negative number for the housing sector. This is a fave of mine, because it’s not about the buyers and the government stats, or the real estate agents and their sales figures--it’s about the builders and their feelings, nothing more than feelings (sorry).
And the number is down again--down to 28, a low not seen since February of 1991.
So despite the fact that all these CEOs were telling me that I’m the only one shouting from the rooftops that the housing market is in trouble, they were busy quietly telling the bean counters at NAHB, that they really kinda felt the same way.
Yes, I know, the CEOs need to pump the stocks and pump up the stockholders’ enthusiasm, but come on
So I’d just like to throw out a big ol’ thank you to all those home builders out there who told their industry representatives that they think there might be some problems still to work out in housing. Forgive me for reporting your number. Didn’t mean to seem too bearish. And do let me know if there’s anything I can do to help.
