Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Terry Rose who wrote (11031)	4/30/1998 9:33:00 PM
From: bobby beara	Read Replies (4) \| Respond to of 116946

Terry, in my limited years of experience in business and life I have never seen such aggressive promotion of easy credit. Only a few years ago, I as a sole proprietor was hard pressed to get a bank to give me a credit line. Now everyone wants to throw money at me and I see banks giving anybody with a heartbeat a credit card, even Rover deserves a credit card to buy kibbles at Petsmart -g- >>>If and when this credit bubble implodes, the risk of financial ruin for millions of these marginal and poor risk borrowers is mind-boggling. <<<< It was scary to see the blurb in the local paper about the citigrupo thing, said "not since the great depression had so many financial services been under one roof". I like Michael Moore and his 1989 movie Roger & Me preceded the recession by a year. He has a new movie out just as caustic to corporate america, LEADING INDICATOR? bb

To: Terry Rose who wrote (11031)	4/30/1998 9:44:00 PM
From: David R. Schaller	Read Replies (1) \| Respond to of 116946

Terry, a very gracious answer to a rather impertinent & self-righteous question. As someone who employs quite a few people I'm often amazed when I hear questions like the one asked of you. I often wonder how many people at $14,000 a year they hire? How much in employer SS taxes, property taxes, unemployment insurance, health insurance, dental insurance, workmans comp etc. they pay? Arrogance pure and simple. Maybe skipping paying themselves a few times so that they can keep making payroll, taking a second mortgage or two on their houses to pay creditors etc. will help them answer their own question. Dave