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2008-11-25 Home Front Economy

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Posted by tipper 2008-11-25 02:25|| || Front Page|| [2 views ] Top

#1 Well, at least we'll see which administration has the biggest boobs.

Posted by gorb 2008-11-25 05:19|| 2008-11-25 05:19|| Front Page Top

#2 If all this stuff and all these companies go bust, who 'wins'? Somebody gets to scoop up the real assets underneath it all, and leave the taxpayers and bondholders holding the bag. Inquiring minds want to - follow the money.

Posted by Glenmore">Glenmore 2008-11-25 09:21|| 2008-11-25 09:21|| Front Page Top

#3 There is an group which has even more assets than the US gov IMHO and that is the American Consumer. GM stock drops for a year straight maybe there is a reason. Retail businesses need to start voicing their opinion to stop bailing out crap businesses and turn in bad practicioners else they will be the ones who get screwed..I don't care how much Christmas scent Wal-Mart pumps into the HVAC people know they will be taxed at a greater % of total income so why purchase anything? You businesses like the free market? - then defend it.

Posted by swksvolFF 2008-11-25 11:38|| 2008-11-25 11:38|| Front Page Top

#4 The home builders are hurting? I never woulda figured that. They may have had to cut back operations but when the boom was going they had to be making HUGE profits. When they sold those homes at vastly inflated prices they weren't making loans. It was the banks that made the loans and the builders were getting the money. That money has to be stashed away safely somewhere. Somebody's got that money somewhere. It couldn't have just disappeared.

Posted by Abu Uluque 2008-11-25 12:00|| 2008-11-25 12:00|| Front Page Top

#5 Every business has a certain amount of risk. When things were booming some forgot that and left themselves way overextended. The builders are a good example of that. The Big 3 have a similar problem although slightly different. When things are boom all the employees want more money, but when things go bad nobody is willing to give it up. Ratchet effect eventually makes you uncompetitive.

Posted by rjschwarz 2008-11-25 12:37|| 2008-11-25 12:37|| Front Page Top

#6 Somebody's got that money somewhere. It couldn't have just disappeared. A loan which is defaulted on = money that has just disappeared.

Posted by Anguper Hupomosing9418 2008-11-25 16:00|| 2008-11-25 16:00|| Front Page Top

#7 "A loan which is defaulted on = money that has just disappeared."
Not always

Posted by tipper 2008-11-25 19:01|| 2008-11-25 19:01|| Front Page Top

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