Monday, December 20, 2010

Analysts urge closer scrutiny of landbanking business

Just saw an Order from CEA (via eGazette) excluding land banking from its purview. Sad...

The TODAY article above includes a ludicrous situation.
"CEA said it has consulted the land-banking industry and considered its views on the issue in reaching its decision."
It's akin to ringing up a thief/robber to ask if he wants to be regulated. This is the same kind of attitude that has allowed timeshare companies to flourish and cheat consumers.

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