Exactly! I also love how some people are saying that the government could potentially turn a profit on these securities. If the securities were even remotely profitable a private entity would be buying them. These are CRAP securities.
They would wait for them to get cheaper first, essentially eating their own. THAT'S a free market.
__________________
"It's not that the Democrats are playing checkers and the Republicans are playing chess. It's that the Republicans are playing chess and the Democrats are in the nurse's office because once again they glued their balls to their thighs."
I have a question. Why are so many businesses running on credit? Shouldn't these 10-15 year old businesses be well within the black by now? Oh, and I have 0 love for people in foreclosure. Who cares about them anyhow they only make up 1 in 1100 homeowners.
People keep saying that if the credit dries up all of these businesses won't be able to get credit. I am asking why would an established business need credit?
People keep saying that if the credit dries up all of these businesses won't be able to get credit. I am asking why would an established business need credit?
For example, we lease as much as possible. That's a form of credit. It means you get new equipment every 3 years, you don't have the capital outlay in lump sums, your costs are predictable, and you don't have to worry about calculating depreciation.
Seriously? You took accounting classes? I'd ask for a refund.
...
That's when someone gives you money back because the goods or services - nevermind.
I have a question. Why are so many businesses running on credit? Shouldn't these 10-15 year old businesses be well within the black by now? Oh, and I have 0 love for people in foreclosure. Who cares about them anyhow they only make up 1 in 1100 homeowners.
Actually skippy, foreclosures make up 2.04 in 100 of all mortgages currently. And that is at any given time. So when one is complete, it rolls off the count but was still a foreclosure.
As for your question of why so many businesses run on credit, from looking at your previous posts, it would be a waste of time to explain business to you. Wright State couldn't do it, I am certainly not going to try.
For example, we lease as much as possible. That's a form of credit. It means you get new equipment every 3 years, you don't have the capital outlay in lump sums, your costs are predictable, and you don't have to worry about calculating depreciation.
Seriously? You took accounting classes? I'd ask for a refund.
...
That's when someone gives you money back because the goods or services - nevermind.
Leasing is lame. I buy equipment and use it for years. It's called maintenance. Too many dumbasses making up this throwaway society we live in today. Whatever happened to the good old days of paying for things when you bought them. Damned credit. It's ruining the world. Microwave disposable society is going to hell in a handbasket. Get back to the basics. If you aren't making something with your hands you aren't working. If you didn't pay cash for it when you bought it you don't own it.
The AutoGuide.com network consists of the largest network of enthusiast-owned enthusiast-operated automotive communities.
AutoGuide.com provides the latest car reviews, auto show coverage, new car prices, and automotive news. The AutoGuide network operates more than 100 automotive forums where our users consult peers for shopping information and advice, and share opinions as a community.
Linear Mode
