On Oct 24, 9:55 pm, Jon Elson wrote:
wrote:
On Oct 23, 12:07 pm, Jon Elson wrote:

Too_Many_Tools wrote:

Quite a fire we have burning here....

This certainly seems to be an EPIC event! There have been some bad
fires in Ca before, but this one seems to be FAR, far worse than
anything I remember. Loss of life has been minimal so far, but the
number of temporarily displaced and homeless is just astounding!
And, it isn't OVER, yet! How much worse will it get?

I am very sorry for these losses, and I hope none of the people on this
group have lost their shops or other property.

Jon

Jon, I concur with being sorry for their losses, having never had a
home burn before. My GM thinks this could be the "Big Banks" answer to
the mortgage loan crisis!

Huh? The mortgage lender's last resort is to foreclose and sell
the house for what it will bring. Now, there's no house to
sell! Or, did you mean something else by "Big Banks"?

GM = general manager, grandmother, ????

This is certainly going to be a BIG mess, billion $ losses for sure.

Jon- Hide quoted text -

- Show quoted text -

BILLIONS AND BILLIONS of dollars.

This is the type of tipping point that can push the economy into
recession.

TMT