Denny Hecker?

[question everything]

Did he really have no choice but to close the dealerships, or does he have a hidden agenda?

[trotsky]

1. I always kind of wondered about the guy.

Seemed like he grew his empire too fast, too much, and based a lot of it on the credit biz. I'm pretty sure closing the dealerships was a desperation move that isn't going to save his ass anyway.

[HopeFor2006]

4. And he was in real estate as well.

No doubt he is struggling there.

[trotsky]

5. Fatal cocktail of business investment there.

Yikes.

[scarletwoman]

2. My own suspicion -- based on no empirical evidence whatsoever, I must hasten to add -- is that he

probably got caught up in some part of the financial free-for-all scams that have been endemic among the big money folks for the past few years and totally lost his ass.

But I know nothing about him or his business dealings or his history -- it just seems like a reasonable guess.

sw

(edited for grammar)

[Mnpaul]

3. I think he had to do it

Most of these big dealers thrive on hocus pocus financing. a friend went to buy a car from one of them but owed more than what the car was worth. Their solution? add $2000 to the trade in value of his car and $2000 to the loan on the new one.