Are there any of you here that voted for Obama that now regret it?

[Jack Davenport]

Well, that's no way to be. Let me help you try to be more "patriotic" by putting this argument into personal terms. Like you, there are many girls around the world who'd like to have websites too. And it's your constitutional duty to help them... even if it kills you! Because of the repressive regimes they live under, they can't have websites like you. So we need you, Lacey Black, to put $2100 in the pot, hire some soldiers to stand guard outside their apartments (every year!) and that will help to expand their freedumbs (sure it will... stop laughing). Now let's say you don't have that $2100 right now. No problem. Meet Mr. Xiao Ying of the National Ping Pong Bank of China. Mr. Ying is willing to let you borrow $500 of the $2100 that you need. I know him. He's a good guy. He's willing to do that for you every year... at a reasonable, market interest rate, of course. So you're covered. No worries, right? Wonder what Mr. Ying is going to do with the interest profits he's making off you (and me and every other American)? Well, those nice girls that your money is paying to protect... Mr. Ying has made deals with them to open their own websites. He'll partially fund them with the profits he's made off you and his new web company will be competing against you. So next year, with that new competition, you may not have but $1000 of the $2100. Enter Mr. Ying. He's got your back, Lacey. Here's that $1100 shortfall. The way he sees it, a friend in need is a friend indeed. But since forging this relationship, you've since learned that Mr. Ying beats his wife. You don't care for that sort of thing, do you? Of course not. But by the time you find out about that, you're into him for about $10 grand... and you really can't afford to piss him off. So he beats his wife and he's actually helping your competition, but you have to keep your mouth shut... or come up with $10 grand to pay him off, plus the $2100/year to pay your "helping hand" soldiers.

Sadly, but realistically, your business is probably going to fail eventually. You have so much going out in the way of funding for those soldiers to help those poor repressed girls (most of whom don't even like you... in fact, they talk about you all the time) and the interest payments to Mr. Ying, well, you can't afford to buy new computers, webcams, lighting or hire extra talent any longer... and the fact that he and the girls are ganging up on you and taking what business you do have - plus, I hear that he has a camera in your apartment and spies on you too! That could be why several of the girls wear makeup and outfits that make them look amazingly like you during their cam shows. And they charge $5 less a month than you do.

But Lacey, here's the important part: despite the fact that you've spent yourself into ruin and your business is going to fail, you should rest easy knowing that your broken life has helped fund the cause of freedom, democracy and apple pie in faraway lands (that you will never see, populated by people who wouldn't piss on your head if you were on fire). Now let's sing God Bless America together and go buy some cheap, plastic, Chinese made shit at Walmart. Whatcha say?!

If you would actually try and address the topic instead of trying to be cute, You Might actually say something in these overkill posts of yours.
In drawing a sarcastic analogy, if you would have at least realized that she was a custom builder that only put out 20 pieces of furniture a year not trying to compete with Broyhill You Might have had a point.

 

[Rey C.]

"Goodwill" was used sarcastically. Christ! Do you honestly believe that China are engaging in environmentally friendly manufacturing processes? if they were to adopt half of the regulatory standards that are imposed on U.S. businesses they would fold like a cheap tent. You are also equating business and/or manufacturing in a communist society to one within a capitalist society. Not to mention a far greater population and available workforce that are willing to work for far less because their standard of living is not equal to what Americans enjoy

A far greater portion of many developed and semi-developed countries have workforces which have lower wage demands than are standard here. China is hardly unique in that respect. And no matter the baseline levels, wage rates are rising faster in China than here. Like many on the far right, you don't seem to appreciate that a communist political system and society can (and in this case, does) have as a component of its economic engine, capitalism - managed capitalism. But this is not the strict state model that has been employed in many other, past communist regimes. And no, I'm not equating the businesses in China to the ones here. But I am comparing them. In any sort of competitive environment, that's what you do. And like it or not, that is how the global market does it. While they may not have the environmental regulations that we do, the facts are, the impediments to opening and operating a business (large or small) in China are MUCH greater than here. For 2014, China was ranked 99th (out of 189 economies) in "Ease of Doing Business" and 158th in "Ease of Starting a Business". The U.S. was ranked 4th and 20th, respectively. Every company I've worked with or for over the past decade has either established an operation in China or explored it. Sometimes it has gone well, sometimes it has not. But it has not been any sort of cakewalk for any of them.

I agree with much of this. But when you or someone else can come up with a way to stop borrowing from China (I assume you mean abruptly) without causing a collapse in our economy I will be willing to listen. France, Germany the UK all spend less on their military because the big boy on the block is the big spender lighting his cigars with 100 dollar bills. Big boy also leads the way in military technological development even our friends commit espionage against us. That is a large portion of our military budget just R&D. By your logic, we should remove our presence in most countries and let them start toting the bill and make them increase their spending so we can reduce ours. The next thing that happens is that they will not be able to spend money upgrading their infrastructure and guess who gets the blame? Good ole uncaring Uncle Sam for bailing out on them. It really is damned if you do and damned if you don't.

Here again, you are stuck on this notion that to do anything, it has to be done in one fell swoop. And if you can't do it in one fell swoop, you'd make no attempt whatsoever. Assuming that one could gather enough politicians that aren't on the take or completely stupid (a huge, wishful assumption), reasonable goals and targets could/should be set. There would be periodic reviews of the data to determine whether the plan's goals and targets were being met or not. One would also review a trendline over time to see the rapidity of the progress (or regress). This is just very basic, fundamental stuff. For one who claims to understand business planning, I would have assumed that you incorporated this methodology into your business plans.

No one has suggested that we just drop them off in the dark, scary forest altogether. Let's stop with the nonexistent strawmen already. But as for the intended or unintended consequences, I'll be honest with you, if the economies of these beggar countries cannot afford to support a level of military spending that at least partially protects themselves (without every American being forced to send them over $2 grand a year!), well, that's just Darwin's Law that's going to get them, not us. As an American taxpayer, why and how is that my problem? Why are you so worried about them, anyway? Why don't you worry more about how this is affecting us? If you're going to wear our jersey and drink our Gatorade, you've got to stop talking to the other team's cheerleaders and worrying about their players when they trip and fall.

Some of the most ignorant people I know are those that are business consultants/brokers. To them, every business has to follow a model or blueprint. THEIR blueprint.. I have written several business plans in my life so while you may be the guy loaning the money, unless you are starting the businesses and writing the checks as I have, you really don't understand how government impedes growth. You need to come up with a better solution that just bringing our troops home and stop dealing with China if you want to be taken seriously.

Oh, spare me. I was running a successful mortgage company, buying multi-family properties and shopping for my first Jaguar while you were still drinking from a keg at the frat house. And it was apparently pretty successful, since the nice boys & girls at CSFB paid us a good deal of money to buy the business. Upon transitioning to that large, multi-national banking concern from a small, local mortgage company, I did learn that the factors that large businesses have to take into account are often quite different from smaller ones. But the principles are much the same. I'm not 100% on my ideas and I've never claimed that I always bat 1000 - no one is perfect or right all of the time. But since leaving banking many years ago and transitioning into the manufacturing environment, I've built a pretty solid reputation for knowing what works and what does not. And unlike those who rely on political ideology to drive their thinking and conclusions (and not data or facts), my methodology does rely on data and facts - or at least I make the best attempt possible. Again, the business acumen required and the principles involved in owning my own business and having to meet payroll is no different than those required to effectively make decisions for the large or small businesses that hire me (or people like me) to decide what needs to be done and when, in order to get them back on track. It could be argued that anything short of total laissez faire capitalism (which has never existed in reality) impedes business to some degree. But when speaking about "growth" (assuming you mean macro-level GDP) you might want to learn the components that make up GDP before repeating the GOP mantra that government is the only thing holding business back. That simple view ignores the complexity of the growth components. Excessive regulation and/or taxation are certainly factors. So are wage rates. So are interest rates. So is infrastructure robustness (or lack thereof). So is availability of skilled, qualified workers. To varying degrees, all of these things affect a business or an economy's ability to grow.

How do you deal with China... or more accurately, our growing debt and deficit levels? Longer term, reduce (not eliminate) military spending, foreign aid and entitlement programs that are not truly affective or necessary. That's a damn good start. And where people like me are gold (to use your term from above) is our ability and willingness to shoot sacred cows when the village is starving. To promote future long term growth, develop and implement robust manufacturing (especially in support of high tech, automated manufacturing), infrastructure and educational policies that best serve THIS republic - stop wringing your hands worrying about people on other teams. They'll be fine... or they won't. :dunno:

 

[Rey C.]

In drawing a sarcastic analogy, if you would have at least realized that she was a custom builder that only put out 20 pieces of furniture a year not trying to compete with Broyhill you might have had a point.

Since she has not shared her balance sheet, financial or income statements with me, no, I could not realize that at all. For all I know, she has a 10% stake in Vivid and a $10 million line of credit with BofA Private Banking. And if she's got a small operation today, she very well might be on track to be the next Danni Ashe tomorrow. I don't know. But being young and sharp seem to be good indicators of future success in my experience.

 

[Jagger69]

Is it possible for the OP to hijack his own thread? :1orglaugh Man, has this one ever veered off course!

 

[Jack Davenport]

A far greater portion of many developed and semi-developed countries have workforces which have lower wage demands than are standard here. China is hardly unique in that respect. And no matter the baseline levels, wage rates are rising faster in China than here. Like many on the far right, you don't seem to appreciate that a communist political system and society can (and in this case, does) have as a component of its economic engine, capitalism - managed capitalism. But this is not the strict state model that has been employed in many other, past communist regimes. And no, I'm not equating the businesses in China to the ones here. But I am comparing them. In any sort of competitive environment, that's what you do. And like it or not, that is how the global market does it. While they may not have the environmental regulations that we do, the facts are, the impediments to opening and operating a business (large or small) in China are MUCH greater than here. For 2014, China was ranked 99th (out of 189 economies) in "Ease of Doing Business"and 158th in "Ease of Starting a Business". The U.S. was ranked 4th and 20th, respectively. Every company I've worked with or for over the past decade has either established an operation in China or explored it. Sometimes it has gone well, sometimes it has not. But it has not been any sort of cakewalk for any of them.

Those impediments include capital investment, which many Chinese citizens do not have access to as Americans do. And starting a business does not mean it will be successful. Give me Chinese vs American start up success rates and get back to me.

Here again, you are stuck on this notion that to do anything, it has to be done in one fell swoop. And if you can't do it in one fell swoop, you'd make no attempt whatsoever. Assuming that one could gather enough politicians that aren't on the take or completely stupid (a huge, wishful assumption), reasonable goals and targets could/should be set. There would be periodic reviews of the data to determine whether the plan's goals and targets were being met or not. One would also review a trendline over time to see the rapidity of the progress (or regress). This is just very basic, fundamental stuff. For one who claims to understand business planning, I would have assumed that you incorporated this methodology into your business plans.

Oh I have planned far more than that. We have conducted market research years and months in advance before the first point cloud was scanned.

I have never been involved in any manufacturing venture that didn't have reasonable and realistic sales projections for the first 5 years of operation, and to date those goals were met or surpassed. I have spent my personal time going to 4 different trade shows in less than a year relative to a particular product eyeballing the competition. Then and only then would we put together a workable blueprint for the launch of the venture. I understand fully the costs and the impediments of doing business overseas and within the United States. Try dealing with the USPTO for 2 years having to resubmit applications because some crotchety examiner can't grasp the concept of the application. Not to mention international patents and trademarks.

No one has suggested that we just drop them off in the dark, scary forest altogether. Let's stop with the nonexistent strawmen already. But as for the intended or unintended consequences, I'll be honest with you, if the economies of these beggar countries cannot afford to support a level of military spending that at least partially protects themselves (without every American being forced to send them over $2 grand a year!), well, that's just Darwin's Law that's going to get them, not us. As an American taxpayer, why and how is that my problem? Why are you so worried about them, anyway? Why don't you worry more about how this is affecting us? If you're going to wear our jersey and drink our Gatorade, you've got to stop talking to the other team's cheerleaders and worrying about their players when they trip and fall.

I'm glad we have established that you are an isolationist. that explains where all the "America Fuck Yeah! attitude "both parties suck! bravado comes from. Like it or not, we are the world's military superpower (that may change by 5 this afternoon) and that comes at a cost and all those costs aren't all accounted for at bases in Rammstein and Seoul.

I was running a successful mortgage company and shopping for my first Jaguar while you were still drinking from a keg at the frat house. And it was apparently pretty successful, since the nice boys & girls at CSFB paid us a good deal of money to buy the business. Upon transitioning to that large, multi-national banking concern from a small local mortgage company, I did learn that the factors that large businesses have to take into account are often quite different from smaller ones. But the principles are much the same. I'm not 100% on my ideas and I've never claimed that I always bat 1000 - no one is perfect or right all of the time. But since leaving banking many years ago and transitioning into the manufacturing environment, I've built a pretty solid reputation for knowing what works and what does not. And unlike those who rely on political ideology to drive their thinking and conclusions (and not data or facts), my methodology does rely on data and facts - or at least I make the best attempt possible. Again, the business acumen required and the principles involved in owning my own business and having to meet payroll is no different than those required to effectively make decisions for the large or small businesses that hire me (or people like me) to decide what needs to be done and when, in order to get them back on track. It could be argued that anything short of total laissez faire capitalism (which has never existed in reality) impedes business to some degree. But when speaking about "growth" (assuming you mean macro-level GDP) you might want to learn the components that make up GDP before repeating the GOP mantra that government is the only thing holding business back. That simple view ignores the complexity of the growth components. Excessive regulation and/or taxation are certainly factors. So are wage rates. So are interest rates. So is infrastructure robustness (or lack thereof). So is availability of skilled, qualified workers. To varying degrees, all of these things affect a business or an economy's ability to grow.

Someone is getting a little testy. And for your information, the growth components vary by region and is a determining factor in every decision to go forward or not go forward that we have made. Don't ever get into sales, you talk too much. I want someone that will tell us how it works, why it will make money and what will crush us. Someone's credentials getting A-Z widgets off the ground doesn't mean anything to me if you plan on following that model with no flexibility if the circumstances change.

Selling that successful mortgage company didn't have anything to do with the new predatory lending regulations that were put in place did it?

How do you deal with China... or more accurately, our growing debt and deficit levels? Longer term, reduce (not eliminate) military spending, foreign aid and entitlement programs that are not truly affective or necessary. That's a damn good start. And where people like me are gold (to use your term from above) is our ability and willingness to shoot sacred cows when the village is starving. To promote future long term growth, develop and implement robust manufacturing (especially in support of high tech, automated manufacturing), infrastructure and educational policies that best serve THIS republic - stop wringing your hands worrying about people on other teams. They'll be fine... or they won't. :dunno:

Well I am relieved that you don't want to totally eliminate it. Those sacred cows are in the eye of the beholder. It seems mine have come down with Bovine Spongiform Encephalopathy, whereas yours make for a hell of a barbeque.

 

[Jack Davenport]

Is it possible for the OP to hijack his own thread? :1orglaugh Man, has this one ever veered off course!

Pretty sure I didn't bring up the topic of the military, but I damn sure am guilty of responding to it. I'm used to derailed threads. Mariah would start one about healthcare and 2 pages later she is talking about sticking a cork up her butt.

 

[Jack Davenport]

Since she has not shared her balance sheet, financial or income statements with me, no, I could not realize that at all. For all I know, she has a 10% stake in Vivid and a $10 million line of credit with BofA Private Banking. And if she's got a small operation today, she very well might be on track to be the next Danni Ashe tomorrow. I don't know. But being young and sharp seem to be good indicators of future success in my experience.

I'm glad you aren't lending out my money.

 

[Rey C.]

Those impediments include capital investment, which many Chinese citizens do not have access to as Americans do. And starting a business does not mean it will be successful. Give me Chinese vs American start up success rates and get back to me.

I've already done enough leg work for you for one day. Why don't you provide some factual data to me for a change?

Oh I have planned far more than that. We have conducted market research years and months in advance before the first point cloud was scanned.

I have never been involved in any manufacturing venture that didn't have reasonable and realistic sales projections for the first 5 years of operation, and to date those goals were met or surpassed. I have spent my personal time going to 4 different trade shows in less than a year relative to a particular product eyeballing the competition. Then and only then would we put together a workable blueprint for the launch of the venture. I understand fully the costs and the impediments of doing business overseas and within the United States. Try dealing with the USPTO for 2 years having to resubmit applications because some crotchety examiner can't grasp the concept of the application. Not to mention international patents and trademarks.

Cool story, bro.

I'm glad we have established that you are an isolationist. that explains where all the "America Fuck Yeah! attitude "both parties suck! bravado comes from. Like it or not, we are the world's military superpower (that may change by 5 this afternoon) and that comes at a cost and all those costs aren't all accounted for at bases in Rammstein and Seoul.

Yes, this is correct: I am such an isolationist (by the definition provided by one who calls any Republican who doesn't believe 99.9% of what he believes a RINO). How dare I spend my time worrying more about the republic in which I live, more so than how I can ship American taxpayer dollars overseas so that I can be on better terms with people who wouldn't do shit for me or mine if they had to. If you have to pay people to be your friend, survey says, they probably ain't really your friend.

Someone is getting a little testy. And for your information, the growth components vary by region and is a determining factor in every decision to go forward or not go forward that we have made. Don't ever get into sales, you talk too much. I want someone that will tell us how it works, why it will make money and what will crush us. Someone's credentials getting A-Z widgets off the ground doesn't mean anything to me if you plan on following that model with no flexibility if the circumstances change.

No, the components which make up GDP do not vary by region. Their contribution may. But the components themselves remain unchanged from state to state and from region to region. If that were not the case, GDP would be a cobbled together mish-mash of apples and oranges. Econ 101. First semester.

As for sales, been there done that (generating loans is selling money). And I do OK selling my ideas. Flexibility? As if any basic business plan would not have a detailed contingency plan?

Selling that successful mortgage company didn't have anything to do with the new predatory lending regulations that were put in place did it?

Your knowledge of banking seems lacking. What would an operation based around a computerized loan origination system have to do with predatory lending? But since you asked, our decision to sell had to do with my partners wanting to maintain their real estate operation separate from having to deal with the in-house mortgage company, where I was the MP (which competed with the institutions which funded many of their/our other deals), us all wanting to fill our pockets with money and me being able to then work for a major bank where I could truly learn the ins & outs of banking. Either we'd sell it or I had to buy them out. CSFB made us a very generous offer. We all did well by selling it and we all got to do what we truly wanted to do going forward. The way I see/saw it, it was a win/win for all involved parties. Call our little ahead-of-its-time venture a story in capitalism with a happy ending.

Well I am relieved that you don't want to totally eliminate it. Those sacred cows are in the eye of the beholder. It seems mine have come down with Bovine Spongiform Encephalopathy, whereas yours make for a hell of a barbeque.

Of course sacred cows are in the eye of the beholder. But those of my ilk pay little attention to the whining of the beholders. Ideology (or idiotology), not ration, reason or data, drives those who'd walk by a steak on legs while they are starving. My kind would cull what was truly needed and feed the village. Your kind would hysterically claim that the loss of even one sacred cow would mean the total destruction of the entire herd and your very way of life. Then you'd borrow money from some Chinese guy to buy food... and give half the food away to some distant village where the people hate you. Rinse and repeat. You free spending fiscal liberals (pretending to be fiscal conservatives) are killing us, man!

So to get back (somewhat) to the OP, hell yes, I listen to what Ron Paul has to say! And even though I don't agree with him 100% (or even 99.9%) of the time, I don't childishly refer to him as a LINO (Libertarian In Name Only).

 

[Rey C.]

I'm glad you aren't lending out my money.

I never handled small accounts.

 

[Jack Davenport]

I never handled small accounts.

Spoken like a true banker. I consider my accounts part of the collective assets of the institution. Might want to brush up on econ 101 there boss. You probably didn't open many either.

I've already done enough leg work for you for one day. Why don't you provide some factual data to me for a change?

I didn't throw out the statistics you did. Ball back in your court.

Cool story, bro.

You think it's cool now, just wait for the movie.

Yes, this is correct: I am such an isolationist (by the definition provided by one who calls any Republican who doesn't believe 99.9% of what he believes a RINO). How dare I spend my time worrying more about the republic in which I live, more so than how I can ship American taxpayer dollars overseas so that I can be on better terms with people who wouldn't do shit for me or mine if they had to. If you have to pay people to be your friend, survey says, they probably ain't really your friend.

Yeah, I know what you mean. Kinda like the bankers I golf with.

No, the components which make up GDP do not vary by region. Their contribution may. But the components themselves remain unchanged from state to state and from region to region. If that were not the case, GDP would be a cobbled together mish-mash of apples and oranges. Econ 101. First semester.

In light of the Obama administrations terrible GDP numbers, I suggest that you stay after class.

As for sales, been there done that (generating loans is selling money). And I do OK selling my ideas. Flexibility? As if any basic business plan would not have a detailed contingency plan?

It always makes me chuckle when someone equates selling money on the same level as selling a service or product. Tell me you sold ice to the Eskimos and I will be impressed.

Your knowledge of banking seems lacking. What would an operation based around a computerized loan origination system have to do with predatory lending? But since you asked, our decision to sell had to do with my partners wanting to maintain their real estate operation separate from having to deal with the in-house mortgage company, where I was the MP (which competed with the institutions which funded many of their/our other deals), us all wanting to fill our pockets with money and me being able to then work for a major bank where I could truly learn the ins & outs of banking. Either we'd sell it or I had to buy them out. CSFB made us a very generous offer. We all did well by selling it and we all got to do what we truly wanted to do going forward. The way I see/saw it, it was a win/win for all involved parties. Call our little ahead-of-its-time venture a story in capitalism with a happy ending.

You're right, I'm not a banker but you said the dirty word "mortgage". I am sure you are a pure as the newly driven snow.

Of course sacred cows are in the eye of the beholder. But those of my ilk pay little attention to the whining of the beholders. Ideology (or idiotology), not ration, reason or data, drives those who'd walk by a steak on legs while they are starving. My kind would cull what was truly needed and feed the village. Your kind would hysterically claim that the loss of even one sacred cow would mean the total destruction of the entire herd and your very way of life. Then you'd borrow money from some Chinese guy to buy food... and give half the food away to some distant village where the people hate you. Rinse and repeat. You free spending fiscal liberals (pretending to be fiscal conservatives) are killing us, man!

So to get back (somewhat) to the OP, hell yes, I listen to what Ron Paul has to say! And even though I don't agree with him 100% (or even 99.9%) of the time, I don't childishly refer to him as a LINO (Libertarian In Name Only).

I am voting for Kay Hagan (A Democrat next November) Yep, I am one unreasonable partisan conservative.

 

[Jagger69]

Pretty sure I didn't bring up the topic of the military, but I damn sure am guilty of responding to it. I'm used to derailed threads. Mariah would start one about healthcare and 2 pages later she is talking about sticking a cork up her butt.

Mariah's gone. Unfortunately, so is the purpose of this thread. Shame....I thought it was a good one when it first started.

 

[Jack Davenport]

I appreciate the sentiment. Rey is a good guy but I think I have seen him riled for the first time ever on this thread.

I really wanted a thread where I could see the mindset of Obama voters at this point and time. Ron Paul is one hell of a monkey wrench, always has been.

 

[mikexmoran]

Mariah's gone. Unfortunately, so is the purpose of this thread. Shame....I thought it was a good one when it first started.

Hey Jagger. I normally agree with most of your posts and certainly enjoy reading yours. On this one, I disagree.
I'm going to be negative, so just skip this if you don't want to hear my negative unsolicited opinion (I'm tired and cranky...maybe that is why):

Every post I read was just mental vomit. No discussion or debate. Sometimes there were valid points made, but that percentage in my opinion couldn't make up for the self important egocentric rants. There wasn't enough intellectual curiosity from what I read in her posts to add the value to read any more of them.

I for one think that the dip in the level of discussion is directly correlated to when she started her flurry of posts.

But hey, that is just one crank guy's opinion. I've been wrong before and perhaps I'm dead wrong on this one too. I'll stand by it for now and not take any of this too seriously.

 

[Rey C.]

Spoken like a true banker. I consider my accounts part of the collective assets of the institution. Might want to brush up on econ 101 there boss. You probably didn't open many either.

Ah, I see, so you're part of a collective of some sort, huh? And you think that if Bank of America's net assets rise or fall, that has some affect on your assets? Well, I hate to break this news to you, but your account credits/assets are actually liabilities on the institution's books. Econ 101 is Macro Economics - has nothing to do with Money & Banking, which is typically a 200 level course and Micro centered. And actually (just to let you off the leash here), mortgage bankers don't really open deposit accounts for clients, big or small. While at CSFB, I did refer people to the private or investment bankers if I'd dealt with them on previous mortgage deals (sell a building, a company or make a big cash-out refi and I might send you to open an account with that side of the bank). The "small accounts" I didn't handle were mortgages less than $50 grand at my mortgage company (this was in the 80's) and less than $75K at CSFB. But generally speaking, you needed to have your shit together before you ever met with me. So if you were just now opening a savings account, you needed to leave my office and talk to Dizzy Joyce down the hall and she could waste her day helping you with your mortgage. Admittedly, I was not a nice person back then. I had Jag payments to make, Amex bills to pay and no patience (even less than I do now).

I didn't throw out the statistics you did. Ball back in your court.

No worries, amico. All ya gotta do is say, "I got nothing." When a man says, "I don't know!" I don't hold it against him. I appreciate the honesty.

You think it's cool now, just wait for the movie.

Popcorn is on order. I anxiously await the release.

Yeah, I know what you mean. Kinda like the bankers I golf with.

So you play that silly game? Whenever I've played golf (usually by coercion) all I see is a space for a good natural terrain road course.

In light of the Obama administrations terrible GDP numbers, I suggest that you stay after class.

Last time I looked, they were positive and the U.S. economy was growing faster than the Eurozone. Which is more than I can say for where GDP was when your boy Duhbya was wrecking the economy like Danica P@trick runs over pitcrew members. But since I already understand the components that feed GDP (and that the components are the same for both North Carolina and California or east and west - you made me spit my soda pop with that one), whether it rises or falls has little to do with me... or even you.

It always makes me chuckle when someone equates selling money on the same level as selling a service or product. Tell me you sold ice to the Eskimos and I will be impressed.

That humorous reflex could be because you don't understand seem to fully understand how money and banking works.

You're right, I'm not a banker but you said the dirty word "mortgage". I am sure you are a pure as the newly driven snow.

My hands are not clean from my past, but being that you're a lawyer, do you really want to accuse me of being dirty or slick? Really? Really???!!! Think carefully about that one.

And anyway, I've already said on several occasions while on this site that I regret many of my past attitudes toward people and the way that I saw making money as the end all, be all of existence in my younger days. I'm not ashamed to say that I was very good at it (we're all good at something - and this was all I cared about)... but I did severely lack a healthy balance. With age and experience, some of us reform or modify our ways. Others, well, they continue to trip and fall through life. You're past the age where you need to start figuring this out. All jokes and quips aside (really), I sincerely hope that you begin to realize this sooner than later, if you have not already. But go as you will...

I am voting for Kay Hagan (A Democrat next November) Yep, I am one unreasonable partisan conservative.

Uh, OK. :dunno: But aren't you worried that your TEA partying pals will call you a RINO, just as you have called many of your fellow GOPers RINOs for similar transgressions? Hey, I'm just trying to help you not sully your rep as a good and loyal member of the hive.


BTW, the more I reply to you... the more I'm thinking that Ron Paul (and Pat Buchanan) reflect my foreign policy views. Thanks! :yesyes:

 

[Rey C.]

I appreciate the sentiment. Rey is a good guy but I think I have seen him riled for the first time ever on this thread.

I really wanted a thread where I could see the mindset of Obama voters at this point and time. Ron Paul is one hell of a monkey wrench, always has been.

Riled? No, I was just born with a naturally sarcastic disposition. I'm sorry, but this is just me. The more time you spend with me, you will grow to love me. Trust me, you will!

 

[Jagger69]

Hey Jagger. I normally agree with most of your posts and certainly enjoy reading yours. On this one, I disagree.
I'm going to be negative, so just skip this if you don't want to hear my negative unsolicited opinion (I'm tired and cranky...maybe that is why):

Every post I read was just mental vomit. No discussion or debate. Sometimes there were valid points made, but that percentage in my opinion couldn't make up for the self important egocentric rants. There wasn't enough intellectual curiosity from what I read in her posts to add the value to read any more of them.

I for one think that the dip in the level of discussion is directly correlated to when she started her flurry of posts.

But hey, that is just one crank guy's opinion. I've been wrong before and perhaps I'm dead wrong on this one too. I'll stand by it for now and not take any of this too seriously.

Hey Mike. No offense taken. I only have one question....What the fuck are you talking about???

The only thing I said about Mariah is that she is gone (she is, correct?). Beyond that, I said that this thread has basically gone off a cliff and that it was a shame because the original question is a good one....you disagree with that?? :dunno:

 

[Jack Davenport]

Ah, I see, so you're part of a collective of some sort, huh? And you think that if Bank of America's net assets rise or fall, that has some affect on your assets? Well, I hate to break this news to you, but your account credits/assets are actually liabilities on the institution's books. Econ 101 is Macro Economics - has nothing to do with Money & Banking, which is typically a 200 level course and Micro centered. And actually (just to let you off the leash here), mortgage bankers don't really open deposit accounts for clients, big or small. While at CSFB, I did refer people to the private or investment bankers if I'd dealt with them on previous mortgage deals (sell a building, a company or make a big cash-out refi and I might send you to open an account with that side of the bank). The "small accounts" I didn't handle were mortgages less than $50 grand at my mortgage company (this was in the 80's) and less than $75K at CSFB. But generally speaking, you needed to have your shit together before you ever met with me. So if you were just now opening a savings account, you needed to leave my office and talk to Dizzy Joyce down the hall and she could waste her day helping you with your mortgage. Admittedly, I was not a nice person back then. I had Jag payments to make, Amex bills to pay and no patience (even less than I do now).

Cool story bro. Glad it worked out for you.

No worries, amico. All ya gotta do is say, "I got nothing." When a man says, "I don't know!" I don't hold it against him. I appreciate the honesty.

I've got questions, you've got answers

Popcorn is on order. I anxiously await the release.

But what if my release is in the popcorn?

So you play that silly game? Whenever I've played golf (usually by coercion) all I see is a space for a good natural terrain road course.

I consider it a way to operate a motor vehicle under the influence without all the persnickety state troopers. You're from Virginia I am sure you can relate.

Last time I looked, they were positive and the U.S. economy was growing faster than the Eurozone. Which is more than I can say for where GDP was when your boy Duhbya was wrecking the economy like Danica P@trick runs over pitcrew members. But since I already understand the components that feed GDP (and that the components are the same for both North Carolina and California or east and west - you made me spit my soda pop with that one), whether it rises or falls has little to do with me... or even you.

I was bitching and moaning about dubya just like I have been doing here lately.

That humorous reflex could be because you don't understand seem to fully understand how money and banking works.

Nor do I fully understand how sausage is made, don't really care to know about that either. Just as long as the final product doesn't make me sick.

My hands are not clean from my past, but being that you're a lawyer, do you really want to accuse me of being dirty or slick? Really? Really???!!! Think carefully about that one.

If the NC Bar is happy, I'm happy.

And anyway, I've already said on several occasions while on this site that I regret my many of past attitudes toward people and the way that I saw making money as the end all, be all of existence in my younger days. I'm not ashamed to say that I was very good at it (we're all good at something - and this was all I cared about)... but I did severely lack a healthy balance. With age and experience, some of us reform or modify our ways. Others, well, they continue to trip and fall through life. You're past the age where you need to start figuring this out. All jokes and quips aside (really), I sincerely hope that you begin to realize this sooner than later, if you have not already. But go as you will...

Once you realize that while I close my share of commercial property sales and home purchases, my job is to make sure the sale is legal and falls under NC guidelines and statutes. Other than that, I don't care if the seller furnished hookers and blow to the buyer to ensure the deal went through. Closings take less than an hour with about 2 hours of prep work. I take my 1200 dollars and thank my lucky stars.

Uh, OK. :dunno: But aren't you worried that your pals will call you a RINO, just as you have called many of your fellow GOPers RINOs for similar transgressions? Hey, I'm just trying to help you not sully your rep as a good and loyal member of the hive.

I appreciate it, she is doing good work for some military families right now. She gets my vote whether she will get it again is up to her.

 

[mikexmoran]

Hey Mike. No offense taken. I only have one question....What the fuck are you talking about???

The only thing I said about Mariah is that she is gone (she is, correct?). Beyond that, I said that this thread has basically gone off a cliff and that it was a shame because the original question is a good one....you disagree with that?? :dunno:

LOL!!! Maybe I misunderstood. Multitasking going on here and I'm not good at it. I thought one of your points was that it was unfortunate she was gone.

 

[Jagger69]

LOL!!! Maybe I misunderstood. Multitasking going on here and I'm not good at it. I thought one of your points was that it was unfortunate she was gone.

No worries. Go back to the prior page and you'll see that I made the Mariah reference only because Blue C brought her up in a previous post. Let me make it quite clear so there are no misunderstandings....Mariah being gone (among others) is a primary reason I have returned to posting on this forum and I absolutely DO NOT think is is unfortunate that she is gone in any way, shape or form.

Sorry your day is a cranky one....I know the feeling.

 

[Jack Davenport]

No worries. Go back to the prior page and you'll see that I made the Mariah reference only because Blue C brought her up in a previous post. Let me make it quite clear so there are no misunderstandings....Mariah being gone (among others) is a primary reason I have returned to posting on this forum and I absolutely DO NOT think is is unfortunate that she is gone in any way, shape or form.

Sorry your day is a cranky one....I know the feeling.

I kind of thought that. Glad you're back.