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Not just the planet, but the division with respect to GM apparently. I wasn't aware that Saturn had come to be viewed as toxic to GM. During the mid 90s, when GM was last facing financial collapse, Saturn was the only part of the company making money. Of course, back then Saturn was building small, quirky, efficient, and reliable cars that people wanted to buy, and had an emphasis on customer service that was only outdone by companies that sold cars for five times the price. Seems to me that maybe there's a lesson to be learned in there, but I don't expect the over educated idiots that are the modern corporate execs at most companies in the US today to notice, much less, learn it.
Not just the planet, but the division with respect to GM apparently. I wasn't aware that Saturn had come to be viewed as toxic to GM. During the mid 90s, when GM was last facing financial collapse, Saturn was the only part of the company making money. Of course, back then Saturn was building small, quirky, efficient, and reliable cars that people wanted to buy, and had an emphasis on customer service that was only outdone by companies that sold cars for five times the price. Seems to me that maybe there's a lesson to be learned in there, but I don't expect the over educated idiots that are the modern corporate execs at most companies in the US today to notice, much less, learn it.
Not just the planet, but the division with respect to GM apparently. I wasn't aware that Saturn had come to be viewed as toxic to GM. During the mid 90s, when GM was last facing financial collapse, Saturn was the only part of the company making money. Of course, back then Saturn was building small, quirky, efficient, and reliable cars that people wanted to buy, and had an emphasis on customer service that was only outdone by companies that sold cars for five times the price. Seems to me that maybe there's a lesson to be learned in there, but I don't expect the over educated idiots that are the modern corporate execs at most companies in the US today to notice, much less, learn it.
Why the fuck are we so anti socialist anyway? Last time I looked, those semi socialist Germanic and Nordic states have the highest standards of living anywhere on the planet, and the highest per capita income levels to match. We can skip the nanny statism that comes with it, but the fiscal policy? It appears to be sound and work extremely well.
Why the fuck are we so anti socialist anyway? Last time I looked, those semi socialist Germanic and Nordic states have the highest standards of living anywhere on the planet, and the highest per capita income levels to match. We can skip the nanny statism that comes with it, but the fiscal policy? It appears to be sound and work extremely well.
Why the fuck are we so anti socialist anyway? Last time I looked, those semi socialist Germanic and Nordic states have the highest standards of living anywhere on the planet, and the highest per capita income levels to match. We can skip the nanny statism that comes with it, but the fiscal policy? It appears to be sound and work extremely well.
I don't normally address political topics head on and just generally rant incoherently from the sidelines, but well, this whole bank thing is really starting to look grim.
As banks fall, other banks usually buy up their assets and take over their outstanding loans, and things continue on, but the banks can't afford to buy each other anymore. If my lender goes under, and no other bank can afford to buy their outstanding loans, do I no longer owe the remainder of my mortgage? If another bank buys it at a steep discount, why should I pay them more than they paid (plus interest over the life of the loan)? What does this cycle of failures do to property values?
Got your money in a nice safe FDIC covered account? Don't go thinking you do. One bank failure last week is expected to siphon off 10% of FDIC's funds. How many banks are out there? Do the math. They'll get crushed. Unless the Fed issues the funds to them to cover it, in which case, get your wheelbarrows out so you can carry the cash you need to buy groceries when inflation goes out of control.
It doesn't help that we've got a moron who's spent the last seven years raiding the treasury at the helm. In fact, I'm pretty sure that's going to be an aggravating factor.
It's gonna get worse before it can even hope to get better.
As banks fall, other banks usually buy up their assets and take over their outstanding loans, and things continue on, but the banks can't afford to buy each other anymore. If my lender goes under, and no other bank can afford to buy their outstanding loans, do I no longer owe the remainder of my mortgage? If another bank buys it at a steep discount, why should I pay them more than they paid (plus interest over the life of the loan)? What does this cycle of failures do to property values?
Got your money in a nice safe FDIC covered account? Don't go thinking you do. One bank failure last week is expected to siphon off 10% of FDIC's funds. How many banks are out there? Do the math. They'll get crushed. Unless the Fed issues the funds to them to cover it, in which case, get your wheelbarrows out so you can carry the cash you need to buy groceries when inflation goes out of control.
It doesn't help that we've got a moron who's spent the last seven years raiding the treasury at the helm. In fact, I'm pretty sure that's going to be an aggravating factor.
It's gonna get worse before it can even hope to get better.
I don't normally address political topics head on and just generally rant incoherently from the sidelines, but well, this whole bank thing is really starting to look grim.
As banks fall, other banks usually buy up their assets and take over their outstanding loans, and things continue on, but the banks can't afford to buy each other anymore. If my lender goes under, and no other bank can afford to buy their outstanding loans, do I no longer owe the remainder of my mortgage? If another bank buys it at a steep discount, why should I pay them more than they paid (plus interest over the life of the loan)? What does this cycle of failures do to property values?
Got your money in a nice safe FDIC covered account? Don't go thinking you do. One bank failure last week is expected to siphon off 10% of FDIC's funds. How many banks are out there? Do the math. They'll get crushed. Unless the Fed issues the funds to them to cover it, in which case, get your wheelbarrows out so you can carry the cash you need to buy groceries when inflation goes out of control.
It doesn't help that we've got a moron who's spent the last seven years raiding the treasury at the helm. In fact, I'm pretty sure that's going to be an aggravating factor.
It's gonna get worse before it can even hope to get better.
As banks fall, other banks usually buy up their assets and take over their outstanding loans, and things continue on, but the banks can't afford to buy each other anymore. If my lender goes under, and no other bank can afford to buy their outstanding loans, do I no longer owe the remainder of my mortgage? If another bank buys it at a steep discount, why should I pay them more than they paid (plus interest over the life of the loan)? What does this cycle of failures do to property values?
Got your money in a nice safe FDIC covered account? Don't go thinking you do. One bank failure last week is expected to siphon off 10% of FDIC's funds. How many banks are out there? Do the math. They'll get crushed. Unless the Fed issues the funds to them to cover it, in which case, get your wheelbarrows out so you can carry the cash you need to buy groceries when inflation goes out of control.
It doesn't help that we've got a moron who's spent the last seven years raiding the treasury at the helm. In fact, I'm pretty sure that's going to be an aggravating factor.
It's gonna get worse before it can even hope to get better.
I don't normally address political topics head on and just generally rant incoherently from the sidelines, but well, this whole bank thing is really starting to look grim.
As banks fall, other banks usually buy up their assets and take over their outstanding loans, and things continue on, but the banks can't afford to buy each other anymore. If my lender goes under, and no other bank can afford to buy their outstanding loans, do I no longer owe the remainder of my mortgage? If another bank buys it at a steep discount, why should I pay them more than they paid (plus interest over the life of the loan)? What does this cycle of failures do to property values?
Got your money in a nice safe FDIC covered account? Don't go thinking you do. One bank failure last week is expected to siphon off 10% of FDIC's funds. How many banks are out there? Do the math. They'll get crushed. Unless the Fed issues the funds to them to cover it, in which case, get your wheelbarrows out so you can carry the cash you need to buy groceries when inflation goes out of control.
It doesn't help that we've got a moron who's spent the last seven years raiding the treasury at the helm. In fact, I'm pretty sure that's going to be an aggravating factor.
It's gonna get worse before it can even hope to get better.
As banks fall, other banks usually buy up their assets and take over their outstanding loans, and things continue on, but the banks can't afford to buy each other anymore. If my lender goes under, and no other bank can afford to buy their outstanding loans, do I no longer owe the remainder of my mortgage? If another bank buys it at a steep discount, why should I pay them more than they paid (plus interest over the life of the loan)? What does this cycle of failures do to property values?
Got your money in a nice safe FDIC covered account? Don't go thinking you do. One bank failure last week is expected to siphon off 10% of FDIC's funds. How many banks are out there? Do the math. They'll get crushed. Unless the Fed issues the funds to them to cover it, in which case, get your wheelbarrows out so you can carry the cash you need to buy groceries when inflation goes out of control.
It doesn't help that we've got a moron who's spent the last seven years raiding the treasury at the helm. In fact, I'm pretty sure that's going to be an aggravating factor.
It's gonna get worse before it can even hope to get better.
At some point, it will no longer be cheaper to build it overseas and ship it than to build here. I wonder, how long will that take? And does anyone in America remember how to build things.
Tags:
At some point, it will no longer be cheaper to build it overseas and ship it than to build here. I wonder, how long will that take? And does anyone in America remember how to build things.
Tags:
At some point, it will no longer be cheaper to build it overseas and ship it than to build here. I wonder, how long will that take? And does anyone in America remember how to build things.
Tags:
Uh huh...sure it is. When a bank posts $10B losses, we know we're nowhere near "OK" territory.
It's been said the only sure things are death and taxes. The banks enjoy the low profile of not being included on that list for their ability to make money in any economic climate, but perhaps that's not as sure as it once was...
It's been said the only sure things are death and taxes. The banks enjoy the low profile of not being included on that list for their ability to make money in any economic climate, but perhaps that's not as sure as it once was...
Uh huh...sure it is. When a bank posts $10B losses, we know we're nowhere near "OK" territory.
It's been said the only sure things are death and taxes. The banks enjoy the low profile of not being included on that list for their ability to make money in any economic climate, but perhaps that's not as sure as it once was...
It's been said the only sure things are death and taxes. The banks enjoy the low profile of not being included on that list for their ability to make money in any economic climate, but perhaps that's not as sure as it once was...
.
