I’d gotten to that Red-Star table by positioning myself early and ugly in that regard. As a Master Gemologist Appraiser—one of 41 in the U.S.—I understood the physics and optics of gemstones as well as any in the South Hampton Roads Area, and what constituted value in a gemstone. I’d apprehended early what true...
Category Archives: US Banking Crisis
An Offer No REasonable Man Could Refuse
It was an ordinary business lunch at an ordinary restaurant in the Town Center in Virginia Beach, mid-August 2006. For me, it was the closest a man gets to walking on air while eating a BBQ pork sandwich and onion rings at a Red-Star Tavern.
Wachovia, in the form of a loan officer named Tom Mitchell,...
How I Became a Toxic Asset and Survived!
My story was a harbinger of the destruction of the American capital system as it’s been known since the Reform Acts of 1933. Local and trade magazines have profiled my overnight descent from pillar of the community to toxic asset when the banking crisis imploded last year.
I owned a fast-grown chain of high-end jewelry shops...