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Consolidated Resorts filing for bankrupcy?

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TUGBrian

TUGBrian

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UWSurfer said:
http://www.bizjournals.com/pacific/stories/2009/06/22/daily43.html

In this second link, it says that Goldman Sachs Funds was behind the shuttering of Consolidated...

http://www.examiner.com/x-773-Times...nsolidated-Resorts-files-Chapter-11-Banruptcy
Click to expand...

Well they are responsible insofar as borrowed money to buy it, wrote down the investment to nothing after the economy went south, and then decided that it was a black hole that they weren't willing to sink additional money into.
 
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