Monday, September 10, 2012

The Best Financial Crisis Movie Yet!



According to Businessinsider There have been a few stabs already at films about the financial crisis that hit America in 2008 and 2009, but so far none have really done a great job of explaining what happened…..We finally have a winner: The Queen of Versailles. The film is a documentary directed by Lauren Greenfield, who started the film to tell the story of David Siegel and his much younger wife Jackie (a former Miss Florida), who were in the middle of building the world's most expensive private home in America: A $90 million palace in Orlando Florida modeled after the palace of Versailles.

That might have made for an interesting movie, but Greenfield got incredibly fortunate during the shooting. See, Siegel is the country's chief timeshare kingpin, whose Westgate Resorts sells middle class Americans the opportunity to buy a chunk of time in a luxury unit in places like Las Vegas, Park City Utah, Miami, and Orlando.

In addition to building "Versailles", Siegel is also building the crown jewel of his empire, the PH Tower Westgate in Las Vegas, which is designed to be Vegas' first big-time timeshare residence.Then the credit crisis strikes, and this wreaks havoc on Westgate…..

Read all abour ir at: http://www.businessinsider.com/the-queen-of-versailles-2012-9#ixzz263FVikAP

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