Real Size of the Bank Bailout: $29 Trillion

I don’t agree with the premise – see here. But, John Carney get some credit for a smart analogy:

So this guy from (let’s say) Morgan Stanley walks into a bar.

He orders drink after drink. Downs a dozen or so high-quality glasses of Scotch. Does a few shots of tequila. Maybe grabs a beer at the end of the night.

The bar manager sees the condition the guy is in, takes a look at his tab. Sees the total amount of drinks he’s been served. Grabs the bartender aside and asks him a question.

“Bartender Ben, how many drinks did you serve that guy?”

“Just one,” Bartender Ben says.

“Ben! Be straight with me. I’m looking at his tab. Scotches. Shots of Jurado Tequila. A pint of Six Point. You served him a lot more than one drink,” the manager says.

“You’re looking at it wrong, my friend. You are adding up all the drinks I served him over the whole night. But at any one time, I only served him one drink,” Bartender Ben explains.

Just then the guy from Morgan Stanley looks up. His glass is empty again.  “Bartender,” he says. “I’ll have a another.”

“See,” says bartender Ben. “Just one at a time.”

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I am a longtime real estate agent who has pretty much seen it all during the housing boom as bust. With experience in selling high-end property and low-end foreclosures, raw land, short sales, development work, apartment buildings, and working with investors, I bring a well-rounded perspective to my work.In addition to selling real estate, my insights have been featured in The New York Times, The Big Picture, and regularly on Patrick.net. I have also done consulting work with ForeclosureRadar.Starting my career, in 2003, I have sold homes throughout Alameda and Contra Costa counties, specializing in Danville, Alamo, Blackhawk, San Ramon, Dublin, Pleasanton, Walnut Creek, Lafayette, and Orinda. I live in Danville with my three kids.


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