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Dear Sirs,
In view of what seems to be happening internationally with banks at the moment, I was wondering if you could advise me on the following matter:
If one of my checks is returned marked "insufficient funds," how do I know whether that refers to me or to you?
Sincerely,
I. M. Ankshus
[b]Dawg[/b] ]:)
by dadspad
My wife is a Suze Orman fan. One time I was watching her, with my wife, on Opra. She (Suze) was asked, with all the help people were getting on their morgages in default, what is the government going to do for the home owners that never defaulted with a payment?
Her reply, nothing. They want ever dime you can give them. Which they cannot get from the people that default.
What a country!! :D
by notsochiguy
...we'll be putting innocent people on death row.
Oh, um, yeah....never mind!!!
;)
In seriousness, this is the thing the bothers me most about the bailout, and societal aid programs in general. People that do the right thing by behaving in a responsible manner get the shaft; whereas, those with no prudence or discernment get a free pass.
by oz_media
I guess I'll need to draft that up and send it to the bank?
Maybe they'll hire me in upper management for the thought :D
course, I would have to pay you a tidbit for the initial idea :( if it works :^0
by oz_media
A professional one though, not from youself, (even if you ae a professional masseuse).
You could always stand close by and keep my Scotch glass full and my cigar lit, I'd accept that as a form of royalty, but I'd have to run it by my business partner first, she might want residuals too.
by sleepin'dawg
they got bailed out by the government. I wonder if Bumbling Bernacke and Peckerhead Paulson were a tad annoyed about that, especially when it came to light, so quickly and so publicly. LOL
[b]Dawg[/b] ]:)
by oz_media
by oz_media
I want to take over a US motgage from an American. I have no intent on paying a dime of it, but that doesn't seem to matter, the rest of Americas citizens can buy it for me.
No wonder Mexicans are out to gain the American way of life.
by tig2
by sleepin'dawg
asking me if they could be of any assistance with my personal and/or corporate banking affairs.
Sure you can. Other than keeping small balances for some day to day ops that require cash, could you please speed up my wire transfers of funds to my Canadian banks, you knoow, the solid ones that might be interested in taking over some of the few viable banks, in the US, still able to keep their heads, but little else, above water.
There was a slightly stunned silence on the other end of the line, especially when I informed him that the big 5 banks, in Canada, currently all have higher fiduciary credit and security ratings than any bank in the US, with perhaps one exception, the CIBC, which took a write down of something like [i]15 billion[/i] due to exposure to the subprime fiasco. But then again, this only meant a slight dip in their profit picture, which was still only off a few million or so from the previous year.
What damn near floored me was when he asked me, quite directly, what I had heard, but his next comment really brought home just how scared these guys are. He asked if I knew anyone he could contact at any of the Canadian banks I do business with. That sort of stunned me and makes me wonder just how much trouble these guys are in because the VP calling me was a senior executive and not your ordinary run of the mill VP who has managed to get a key to the executive washroom but without any seating privileges. Scary very scary.
Like I'd trust any of these clowns with any serious money??? Get real!!!
[b]Dawg[/b] ]:)
by tig2
I put a lot of effort into understanding all the mess around me but the thing that is just stunning to me is that the banks all seem to be so scared.
If, as we have all been telling ourselves, this is a recoverable situation, why the fear? Let's face it- if you had money in the market it is essentially gone now. What is to be scared of?
Bernard Baruch in the 20's and 30's would counsel his clients to stay in the market- that one doesn't buy stock for today, they buy it for tomorrow. Buffet seems to work on exactly that principle. If indeed this is the reality, why the fear?
Something stinks here. I smell flop sweat.
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