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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Joe NYC who wrote (438187)	12/4/2008 4:53:31 PM
From: tejek	Read Replies (1) \| Respond to of 1573925

Loans can be made to all kinds of creditworthy people and companies. The world doesn't have to play by your rules. When you are nearly certain that the loan will not be repaid, it is not a loan, it is a gift. Loan to automakers without securing their ability to repay (breaking their union contracts) are gifts. When the lendee's background is questionable, you charge him a higher interest rate on his loan payments and you make the consequences of default onerous. I have no problem making this a very businesslike transaction.