Glengarry Glen Ross:
Moss: What's your name?
Blake: *&^% YOU, that's my name!! You know why, Mister? 'Cause you drove a Hyundai to get here tonight, I drove a eighty thousand dollar BMW. That's my name!!
Because only one thing counts in this life! Get them to sign on the line which is dotted! You hear me, you &^%$#@ &*$%&$&?
(Blake flips over a blackboard which has two sets of letters on it: ABC, and AIDA.)
Blake: A-B-C. A-always, B-be, C-closing. Always be closing! Always be closing!!
Moss: You're such a hero, you're so rich. Why you coming down here and waste your time on a bunch of bums?
(Blake sits and takes off his gold watch)
Blake: You see this watch? You see this watch?
Blake: That watch cost more than your car. I made $970,000 last year. How much you make? You see, pal, that's who I am. And you're nothing. Nice guy? I don't give a ^&$@.
I can go out there tonight with the materials you got, make myself fifteen thousand dollars! Tonight! In two hours! Can you? Can you? Go and do likewise! A-I-D-A!! Get mad! You sons of bitches! Get mad!! You know what it takes to sell real estate?
(He pulls something out of his briefcase)
Blake: It takes brass balls to sell real estate.
And on the homebuilders in 2007, I say:
A-always, B-be, S-shorting.
Always be shorting!
Always be shorting!!
I'm being slightly tongue in cheek here, but I imagine that there were scenes in the real estate/mortgage business over the past few years that had some interesting parallels with the above scene.
What a mess. And they really jammed 'em in at the end, didn't they?
Still probably some meat on the bone on the short side, I think, and Centex is a particular 'favorite' of mine; Florida, California, up and down the coasts, what more exposure could you ask for?
The Economist: Cracks in the Facade.
And the always great blog that covers the housing mess: Calculated Risk.