Hamptons Rich Bailing Out Like Rats On A Sinking Ship

The Obama voters are probably loving this high end property crash of the hated wealthy class, yet little do most of them know the people hightailing their way out of these umpteen million dollar mansions are mostly Hollywood Liberals, wishing they could get some of that Obama campaign dough back that they were throwing around last year like confetti as their home values plummet just like yours and mine.

Here's just one of these palatial palaces that's up for sale half price that doesn't seem to be attracting many takers at half price, 13 mil/ click for slide show here

The Hamptons Half-Price Sale

- WSJ.com: "At first glance it's a gated mansion worthy of a Gilded Age: more than 14,000 square feet with eight bedrooms, 9½ bathrooms, five fireplaces, a pool, a pond, a tennis court and ocean views all nestled amid fields perfect for lavish summer parties.

Built on spec, this property was offered for sale in 2006 for $24.95 million. Today? Try $12.95 million -- and even that lower price hasn't yet lured a buyer. The mansion is now being sold at auction as part of a bankruptcy plan by the developer's firm. The manse stands unfinished, forlorn and uninhabited." continued

One thing that keep wondering is how every billionaire in the entire world is suffering untold losses, George Soros seems to be sitting so pretty while for everyone else things seem so shi**y?
I'd like to see some of these financial watchdogs come up with some answers to the question why the democrat's savior and financial engineer seems as happy as a clam that the financial world is collapsing. Is it because perhaps he and a few others caused the collapse as some have maintained?

It wouldn't be a first as he was banned from Britain for market manipulation, and that banned SNL video sure is more truth to it than initially recognized which is why Soros was likely able to get it pulled. It can still be seen here....

Soros sees no bottom for world financial collapse

Reuters: "NEW YORK (Reuters) - Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.

Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union.

He said the bankruptcy of Lehman Brothers in September marked a turning point in the functioning of the market system. continued

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