Monday 26 January 2009

$10 House

I'm not talking about a shanty, playhouse, or doll house. I'm talking about a $13.7 million seaside mansion on Juniper Island in Florida. The lucky buyer? Ms. Kathleen Fuld, better known as Mrs. Richard S. Fuld, wife to the former Lehman Brothers chairman and chief executive. That's right, the house was recently transfered from husband to wife for 10 bucks. This isn't just fishy, it's killer whaley. It's the oldest pre-bankruptcy play in the book, but with a transfer price of $10, it isn't going to work, even with some of Florida's protectionist laws for homeowners. The insanity continues for Dick Fuld. 

No comments:

Post a Comment