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Thread: Obama Presses Heads Of Largest Banks To Lend More

  1. #11
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    Re: Obama Presses Heads Of Largest Banks To Lend More

    Quote Originally Posted by donc View Post
    There are plenty of sound family businesses out there, which have been in the same family for hundreds of years that are hanging on by the skin of their teeth because of the inability to get credit.The reason, as I see it is the larger banks are hogging all the dough and doing some of the same s*** that got us in the mess in the first place.
    They're haning on by the skin of their teeth because they're sales are down and aren't generating any revenue. A loan isn't going to fix that.


    There are also some of the same that I haul their machinery to the auction house, because of lack of credit. When it is auctioned off I see it going onto containers, at long Beach heading for China, or India. These businessmen are at least as credit worthy as anyone at AIG, or any of the so-called too big to fail banks.

    And, if those guys were able to make enough money to pay the note on that dozer, or cherry-picker, it wouldn't be going to the auction house.

    Making more loans isn't going to fix the problem.

    I guess PBO just can't resist doing things ass backwards.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama Presses Heads Of Largest Banks To Lend More

    Quote Originally Posted by apdst View Post
    They're haning on by the skin of their teeth because they're sales are down and aren't generating any revenue. A loan isn't going to fix that.





    And, if those guys were able to make enough money to pay the note on that dozer, or cherry-picker, it wouldn't be going to the auction house.

    Making more loans isn't going to fix the problem.

    I guess PBO just can't resist doing things ass backwards.

    Man I see it first hand, I seen a machine shop that I moved some pretty new CNC Mills out of last month, they had contracts for business but he couldn’t finish because of lack of cash flow. Guess where that business will go to now?

    A couple of months ago a large construction company that couldn’t get financing for some any of his work filed chapter 11, hoping to reorganize. I hope he does too, because he is family.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Obama Presses Heads Of Largest Banks To Lend More

    Quote Originally Posted by donc View Post
    Man I see it first hand, I seen a machine shop that I moved some pretty new CNC Mills out of last month, they had contracts for business but he couldn’t finish because of lack of cash flow. Guess where that business will go to now?


    A couple of months ago a large construction company that couldn’t get financing for some any of his work filed chapter 11, hoping to reorganize. I hope he does too, because he is family.
    A loan doesn't equate to cash flow. That would be like taking out a loan to buy fuel. Don't make much sense, does it?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama Presses Heads Of Largest Banks To Lend More

    Quote Originally Posted by zimmer View Post
    Ah yes, I remember that well. I'd have to give that performance... oh let me see here... maybe about a B+?

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    Re: Obama Presses Heads Of Largest Banks To Lend More

    Quote Originally Posted by apdst View Post
    A loan doesn't equate to cash flow. That would be like taking out a loan to buy fuel. Don't make much sense, does it?
    Makes sense to me; ever hear of revolving credit? Because sometimes, not everybody pays on time
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Obama Presses Heads Of Largest Banks To Lend More

    Quote Originally Posted by Goldenboy219 View Post
    Makes sense to me; ever hear of revolving credit? Because sometimes, not everybody pays on time
    Sure, I've heard of revolving credit. Bet you never heard of elusive credit, where someone doesn't pay the note at all and the bank has to eat the loan, or take a handout from the government to absorb the toxic debt; a loan that should have never been made to begin with.

    Speaking of revovlving.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama Presses Heads Of Largest Banks To Lend More

    Obama is pissed that the banks are repaying the bailouts as quickly as possible to get him out of their hair.

    LOL

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