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To: Little Joe who wrote (15035)7/30/1998 8:15:00 AM
From: long-gone  Respond to of 116759
 
LJ,
You know, I have heard the words "new paradigm" on the floor of congress. When Congress is discussing "investment" of social security
money in the market & many are borrowing money to get into the market....People will believe that it can never come down. Then, when they lose everything, yes, Everything(including what they will earn for the next 10-20 years) then the market will crash - really crash!

rh



To: Little Joe who wrote (15035)8/1/1998 10:35:00 PM
From: IngotWeTrust  Respond to of 116759
 
Lil'Joe, had t'smile @ Ur Businesses don't need bankruptcy reform; they need some common sense comment in your post.

May I share an anecdote w/you?

A few years back, I was office mgr for a local LARGE canvas distributor, out here on the West Coast. As new girl on block, I was anxious to do my job well, and when a customer I'd never dealt w/before called in an order for a certain entire ROLL of specific canvas, I took the order, called the mfg, and in general got the nuts and bolts <--- pun alert...job done.

My boss happened to be in the morning the customer's driver came to pick up the roll of canvas. Steve told 'em that roll wasn't going anywhere until he saw their CERTIFIED FUNDS check.
P/O'd, the truckdriver muttered something and left, emptyhanded.

A few hours later, THEIR super called, asked for Steve, who re-iterated the terms, all cool-hand Luke like.

Sure 'nuff, the driver returned,
CERTIFIED CHECK in hand,
picked up the heavvvvvvvvvy roll of canvas,
loaded his truck,
and drove off.

Too new to be comfortable asking questions,
I just observed,
and the next time that customer called,
I demanded the same thing, even w/out Steve around to remind me...
and sure 'nuff...
driver showed up,
with CERTIFIED check in hand to pick up the ordered material.

About 6 months later, after doing repeating this drill for the uptieeeth time...
as I drove into work that particular morning...
I heard on the local news,
this particular port freighter/shipper had gone bankrupt...
.....for the second time.

*********
as you said...
Businesses don't need bankruptcy reform; they need some common sense.

I'd add:
even in doing business with other businesses(grin)

Live longer, prosperous Lil Joe...
O/49r

...I am a tad behind in my GPM thread readin's, ok?(g) Your