I have had discussions off list with three different parties who are frustrated customers of established name frame builders who take a 50% down payment, with a promised delivery date. Time drags on with promises unkept, sometimes dragging on for two or three years. This is from Jack Gabus today:
"Oh! don't get me started. This would be a good blog discussion with the troops. I love all the frame builders that collect up front money from their clientele. Then there is some up in the air time that the frame has been promised to the unsuspecting rider. Do the words Madoff or Ponzy come to mind? The frame builder has the cash, the econ goes in the tank and the frame builder has spent the money on his supplies and life style without building a damn thing. The frame builder has basically put himself on a MARGIN call without knowing it. They are artisans not financiers. Would be interesting to see what the gang has to say."