People always say congratulations. When you're a successful bidder it means you're willing to spend more money than anyone else. I'm not sure if that's congratulations or condolences.
Eli BroadI can't think of another enterprise other than being a homeowner that can't have its debt restructured in bankruptcy. Corporations can but a homeowner can't? Now with securitization the homeowner can't go to the owner of the loan and work things out.
Eli BroadI don't think it makes any sense for an individual to invest in common stocks unless they know the company, work at the company, and so on.
Eli Broad