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	<title>BANK TALK &#187; Business</title>
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	<description>Exploring the Finances of the Unbanked</description>
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		<title>Picking a new Commode for John Thain</title>
		<link>http://banktalk.org/2009/01/23/picking-a-new-commode-for-john-thain/</link>
		<comments>http://banktalk.org/2009/01/23/picking-a-new-commode-for-john-thain/#comments</comments>
		<pubDate>Fri, 23 Jan 2009 18:01:29 +0000</pubDate>
		<dc:creator>Adam R.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Safety and Soundness]]></category>
		<category><![CDATA[$35]]></category>
		<category><![CDATA[000]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[commodes]]></category>
		<category><![CDATA[John Thain]]></category>
		<category><![CDATA[MER]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[taxpayer]]></category>

		<guid isPermaLink="false">http://thisismyhomebook.wordpress.com/?p=557</guid>
		<description><![CDATA[government,politics&#160;news,politics&#160;news,politicsCommodes are interesting.  Commodes are important for bankers.  If you are going to lead a large bank through a credit crisis, you probably want a good commode.  Some of the smartest guys on Wall Street like fancy commodes.  Here is a nice commode, an &#8220;English Breakfast Commode,&#8217; from 1772.  I am not sure if it [...]]]></description>
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		<slash:comments>2</slash:comments>
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		<title>Forest River buys Coachmen&#039;s RV business</title>
		<link>http://banktalk.org/2008/11/21/forest-river-buys-coachmens-rv-business/</link>
		<comments>http://banktalk.org/2008/11/21/forest-river-buys-coachmens-rv-business/#comments</comments>
		<pubDate>Fri, 21 Nov 2008 21:54:04 +0000</pubDate>
		<dc:creator>Adam R.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[BRK]]></category>
		<category><![CDATA[Buffet]]></category>
		<category><![CDATA[Coachmen]]></category>
		<category><![CDATA[Forest River]]></category>

		<guid isPermaLink="false">http://thisismyhomebook.wordpress.com/?p=426</guid>
		<description><![CDATA[government,politics&#160;news,politics&#160;news,politicsCoachmen is selling its recreational vehicle business to Forest River. The particulars of the deal are not yet available, but the sale has been reported in the Wall Street Journal today. Coachmen CEO Richard Lavers laments that this is &#8220;the worst economic crisis our country has endured in our lifetimes.:&#8221; Housing sales at Coachmen are [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Fleetwood to be Delisted</title>
		<link>http://banktalk.org/2008/11/04/fleetwood-to-be-delisted/</link>
		<comments>http://banktalk.org/2008/11/04/fleetwood-to-be-delisted/#comments</comments>
		<pubDate>Tue, 04 Nov 2008 18:17:49 +0000</pubDate>
		<dc:creator>Adam R.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[FLE]]></category>
		<category><![CDATA[Fleetwood]]></category>

		<guid isPermaLink="false">http://thisismyhomebook.wordpress.com/?p=376</guid>
		<description><![CDATA[government,politics&#160;news,politics&#160;news,politicsFleetwood (FLE) is going to be removed from the New York Stock Exchange.  Its stock has traded at an average price that falls below $1.00 for the last thirty days. Fleetwood has some options.  They have until next Tuesday to file a plan to cure the situation. One plan would be to reduce their outstanding [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Fleetwood in Trouble</title>
		<link>http://banktalk.org/2008/10/22/fleetwood-in-trouble/</link>
		<comments>http://banktalk.org/2008/10/22/fleetwood-in-trouble/#comments</comments>
		<pubDate>Wed, 22 Oct 2008 16:06:02 +0000</pubDate>
		<dc:creator>Adam R.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Manufactured Housing in the News]]></category>
		<category><![CDATA[FLE]]></category>
		<category><![CDATA[Fleetwood]]></category>

		<guid isPermaLink="false">http://thisismyhomebook.wordpress.com/?p=343</guid>
		<description><![CDATA[government,politics&#160;news,politics&#160;news,politicsDon&#8217;t look, but Fleetwood (FLE) is tottering.  The company&#8217;s shares are trading for as low as 32 cents this morning.  Just one year ago, they were trading for $9.13. In some ways, the credit crisis and energy costs are a perfect storm against a company like Fleetwood.  Remember that a good portion of their business [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<title>CIT Sells its Manufactured Housing Loan Portfolio</title>
		<link>http://banktalk.org/2008/07/02/cit-sells-its-mh-portfolio/</link>
		<comments>http://banktalk.org/2008/07/02/cit-sells-its-mh-portfolio/#comments</comments>
		<pubDate>Wed, 02 Jul 2008 15:19:01 +0000</pubDate>
		<dc:creator>Adam R.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Buffett]]></category>
		<category><![CDATA[CIT]]></category>
		<category><![CDATA[manufactured housing]]></category>

		<guid isPermaLink="false">http://thisismyhomebook.wordpress.com/?p=192</guid>
		<description><![CDATA[government,politics&#160;news,politics&#160;news,politicsThis morning, CIT announced that it will sell off more than $2 billion in assets to an assortment of investors, including all of its manufactured housing portfolio. CIT made an agreement with Vanderbilt Mortgage and Finance to unload its manufactured-housing portfolio for $300 million. The portfolio has a book value of $470 million, so this [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<title>MH: A Contra Market Sector? An International Expansion?</title>
		<link>http://banktalk.org/2008/05/28/mh-a-contra-market-sector/</link>
		<comments>http://banktalk.org/2008/05/28/mh-a-contra-market-sector/#comments</comments>
		<pubDate>Wed, 28 May 2008 19:12:51 +0000</pubDate>
		<dc:creator>Adam R.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Manufactured Housing in the News]]></category>
		<category><![CDATA[CHB]]></category>
		<category><![CDATA[Dollar Tree]]></category>

		<guid isPermaLink="false">http://thisismyhomebook.wordpress.com/?p=158</guid>
		<description><![CDATA[government,politics&#160;news,politics&#160;news,politicsIts not an impossibility that a recession could restore the manufactured housing sector. Consumers often change their purchasing habits when times are tough. You know the logic &#8212; less steak, more hamburger. Today, we have evidence of some of that kind of thinking. Dollar Tree just blew away its earnings estimates. If you have been [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Improving Financials in MH Industry</title>
		<link>http://banktalk.org/2008/05/23/improving-financials-in-mh-industry/</link>
		<comments>http://banktalk.org/2008/05/23/improving-financials-in-mh-industry/#comments</comments>
		<pubDate>Fri, 23 May 2008 16:12:29 +0000</pubDate>
		<dc:creator>Adam R.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[cavalier]]></category>
		<category><![CDATA[cavco]]></category>
		<category><![CDATA[hovnavian]]></category>
		<category><![CDATA[pulte]]></category>
		<category><![CDATA[toll]]></category>

		<guid isPermaLink="false">http://thisismyhomebook.wordpress.com/?p=155</guid>
		<description><![CDATA[government,politics&#160;news,politics&#160;news,politicsRecent quarterly reports show that the financial performance among the producers of manufactured housing are behaving differently than site built home builders.  Cavalier and Cavco have both released their 8-Ks in the last month. In the case of Cavalier, the company swung to a profit of 1 cent a share, compared to a loss of [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Hindsight: Manufactured Housing is Affordable</title>
		<link>http://banktalk.org/2008/04/29/hindsight-manufactured-housing-is-affordable/</link>
		<comments>http://banktalk.org/2008/04/29/hindsight-manufactured-housing-is-affordable/#comments</comments>
		<pubDate>Tue, 29 Apr 2008 15:35:59 +0000</pubDate>
		<dc:creator>Adam R.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[affordable housing]]></category>
		<category><![CDATA[landy]]></category>
		<category><![CDATA[mobile homes]]></category>
		<category><![CDATA[umh]]></category>
		<category><![CDATA[zoning]]></category>

		<guid isPermaLink="false">http://thisismyhomebook.wordpress.com/?p=134</guid>
		<description><![CDATA[government,politics&#160;news,politics&#160;news,politicsListening to a conference call from UMH Properties (formerly United Mobile Homes) in Sept. 2007 is uncanny. &#8220;Next year at this time, affordable housing is going to be the number one political issue in this country,&#8221; says UMH founder and President Eugene Landy. &#8220;People are not going to be able to get mortgages, they are [...]]]></description>
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		<slash:comments>0</slash:comments>
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