Anyone Caring about the Govt Shutdown?

Kroy · 04-06-2011, 07:47 PM

^ thought a lot of the reason was because of how he structured his businesses and how his personal money was not tied into his corporation.

nnnnnnnnnnnnnnnnnnnnnn · 04-06-2011, 07:52 PM

Quote:

Originally Posted by Kroy

^ thought a lot of the reason was because of how he structured his businesses and how his personal money was not tied into his corporation.

Nope. He is an evil mofo. He has taken out billion dollar loans for construction projects that have gone belly up. When the bank wants their loan settled, he basically tells them no and to give him another loan. If they try to not give him another loan he threatens to not repay the first loan, which essentially will collapse the bank. So they are forced to give him another loan and hope the next project will yield enough profit to pay back both loans. Or he just files bankruptcy, and the banks get fucked.

He also saves his own ass by filing business bankruptcies, and creditors are afraid to sue him. Which leaves his personal wealth protected.

coh4777 · 04-06-2011, 08:14 PM

Quote:

Originally Posted by ferrari355fi

Nope. He is an evil mofo. He has taken out billion dollar loans for construction projects that have gone belly up. When the bank wants their loan settled, he basically tells them no and to give him another loan. If they try to not give him another loan he threatens to not repay the first loan, which essentially will collapse the bank. So they are forced to give him another loan and hope the next project will yield enough profit to pay back both loans. Or he just files bankruptcy, and the banks get fucked.

He also saves his own ass by filing business bankruptcies, and creditors are afraid to sue him. Which leaves his personal wealth protected.

I know Trump has filed for bankruptcy several times in the past and don't really know the details, but I'm not sure how the situation you described can be right. First of all, why would a bank lend so much capital to one borrower that a default would bankrupt the bank? Unless they are idiots with no risk management practices at all, this would be impossible. Second, construction loans are collateralized by the development, so if someone were to default, the bank would just seize the asset and liquidate to recover some of their losses. This happens all the time. Again I really don't know anything about Trump's bankruptcies, so maybe you are right, but seems extremely far fetched.

nnnnnnnnnnnnnnnnnnnnnn · 04-06-2011, 08:17 PM

Quote:

Originally Posted by coh4777

I know Trump has filed for bankruptcy several times in the past and don't really know the details, but I'm not sure how the situation you described can be right. First of all, why would a bank lend so much capital to one borrower that a default would bankrupt the bank? Unless they are idiots with no risk management practices at all, this would be impossible. Second, construction loans are collateralized by the development, so if someone were to default, the bank would just seize the asset and liquidate to recover some of their losses. This happens all the time. Again I really don't know anything about Trump's bankruptcies, so maybe you are right, but seems extremely far fetched.

Because he is Donald Trump. Imagine the doors it opens by capitalizing one of his successful projects.

Let's say the bank does seize the assets on one of the projects. With so much riding on marketing his name on the final project, don't you think the bank would just see it as another heap of rubble without the name Trump?

infinitekidM2C · 04-06-2011, 08:20 PM

Forget Trump...

JayKay335i · 04-06-2011, 08:22 PM

As long as theres somebody to make me a sammich, I dont care.

nnnnnnnnnnnnnnnnnnnnnn · 04-06-2011, 08:23 PM

Quote:

Originally Posted by JayKay335i

As long as theres somebody to make me a sammich, I dont care.

shouldn't you be paddling your rice or something?

JayKay335i · 04-06-2011, 08:30 PM

Quote:

Originally Posted by ferrari355fi

shouldn't you be paddling your rice or something?

Nah. Only have it once a week or so. Not enough fiber. Clogs the pipes.

nnnnnnnnnnnnnnnnnnnnnn · 04-06-2011, 08:34 PM

Quote:

Originally Posted by JayKay335i

Nah. Only have it once a week or so. Not enough fiber. Clogs the pipes.

So you don't have the dual purpose paddle?

JayKay335i · 04-06-2011, 08:37 PM

Quote:

Originally Posted by ferrari355fi

So you don't have the dual purpose paddle?

I have one for covering eyes. One for rice. One for smacking ass.

I prefer to not mix and match.

infinitekidM2C · 04-06-2011, 08:40 PM

Quote:

Originally Posted by JayKay335i

I have one for covering eyes. One for rice. One for smacking ass.

I prefer to not mix and match.

Do you have a storage unit for all of this?

VenomBMW · 04-06-2011, 08:41 PM

Quote:

Originally Posted by infinitekid2002

a lot of the government needs to be shut down permanently...the number of government to private employees is increasing at an alarming rate

1

JayKay335i · 04-06-2011, 08:44 PM

Quote:

Originally Posted by infinitekid2002

Do you have a storage unit for all of this?

Eye one stays in the medical bag. Rice stays on the rice paddle. Ass paddle stays in the drawer next to the bed.

jibaholic101 · 04-06-2011, 10:00 PM

Good, maybe people will wake up! We are BROKE! The left doesn't want to stop spending or compromise. Here is the funniest part - the controversial Ryan spending plan cuts would take 21 YEARS to balance the budget!!

Quote:

Originally Posted by infinitekid2002

a lot of the government needs to be shut down permanently...the number of government to private employees is increasing at an alarming rate

Echo this

Epacy2 · 04-06-2011, 10:32 PM

I would be affected. But like someone said "who gives a fuck"?

Seminole · 04-06-2011, 11:16 PM

I'm more interested in what type of budget gets passed and it's impact on future federal jobs. I actually am interested in applying for a specific position with the government, one that they were saying they will have a huge demand for over the next few years, but with the political grandstanding on both sides going on right now who knows how it could affect the future job postings...

ideliver · 04-06-2011, 11:29 PM

Nope. I got a few thousand rounds of .223 and several hundred of 9/40/45 just in case.

lopealle · 04-08-2011, 04:04 PM

Quote:

Originally Posted by solefald

Who gives a fuck? You really think anyone would notice?

I noticed...my pay was cut by more than half

solefald · 04-08-2011, 04:08 PM

Quote:

Originally Posted by lopealle

I noticed...my pay was cut by more than half

Welcome to America, my friend.

I bet all the grandstanding bitches who are running this country into the ground are still getting their full paychecks and then some.

Sorry to hear about it.

infinitekidM2C · 04-08-2011, 04:08 PM

Quote:

Originally Posted by lopealle

I noticed...my pay was cut by more than half

not sure if srs

lopealle · 04-08-2011, 04:10 PM

Quote:

Originally Posted by infinitekid2002

not sure if srs

verry serious

Bobble · 04-08-2011, 05:12 PM

I care for the simple reason that my ex wife told both the kids she could not give the fnatastic sum of $250.month that she gives them for college/school expenses, she a RN at a VA hospital and is not going to get cut, as a result and it has not even happened. I now get to pay 99% instead of 95% of their expenses for college and trade school.

As a side note not only govt employees are enjoying less income, I'm sefl employed in IT and my billable rate is down 40% from 2001-2002 due to having to compete with out sourced off shore players. Now granted I'm grateful it's down 40% as I know of lots of people same business who are chronically out of work.

04-06-2011, 07:47 PM	#23
Kroy Brigadier General 184 Rep 3,032 Posts Drives: E90 Join Date: Jul 2009 Location: Los Angeles, CA iTrader: (1)	^ thought a lot of the reason was because of how he structured his businesses and how his personal money was not tied into his corporation.
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04-06-2011, 08:20 PM	#27
infinitekidM2C Major General 4301 Rep 5,729 Posts Drives: 2019 M2 Competition Join Date: Nov 2007 Location: Orange County, CA iTrader: (4) Garage List 2019 M2 COMPETITION [9.75] 2008 135i (my old car) [7.56]	Forget Trump...
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04-06-2011, 08:22 PM	#28
JayKay335i Banned 200 Rep 5,046 Posts Drives: ///M323 DCT Join Date: Apr 2009 Location: North Dakota; its best DUHHHHHH iTrader: (1)	As long as theres somebody to make me a sammich, I dont care.
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04-06-2011, 10:32 PM	#37
Epacy2 Major 151 Rep 1,398 Posts Drives: F85 X5M Join Date: Jan 2009 Location: KC iTrader: (1) Garage List 2008 M3 [0.00] 2008 M3 [0.00]	I would be affected. But like someone said "who gives a fuck"?
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04-06-2011, 11:16 PM	#38
Seminole Colonel 485 Rep 2,032 Posts Drives: Red Flyer Join Date: Aug 2008 Location: 38.8977° N, 77.0366° W iTrader: (2) Garage List 2008 E90 328i [7.00]	I'm more interested in what type of budget gets passed and it's impact on future federal jobs. I actually am interested in applying for a specific position with the government, one that they were saying they will have a huge demand for over the next few years, but with the political grandstanding on both sides going on right now who knows how it could affect the future job postings... __________________
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04-06-2011, 11:29 PM	#39
ideliver Major 248 Rep 1,247 Posts Drives: E60 M5, E71 X6M, E46 M3 Join Date: Feb 2008 Location: At the gas station iTrader: (0) Garage List 2006 BMW E46 M3 'vert [0.00] 2008 BMW M5 [0.00] 2011 BMW E92 [0.00] 2012 BMW X6M [0.00] 2003 E46 M3 [0.00]	Nope. I got a few thousand rounds of .223 and several hundred of 9/40/45 just in case. __________________ Current: 2006 E46 M3 'vert 6-sp 2008 E60 M5, 2011 E92 328 6-sp, 2011 E70 N55, 2012 E71 X6M
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04-08-2011, 05:12 PM	#44
Bobble Major 56 Rep 1,232 Posts Drives: Whatever POS the wife leaves Join Date: Oct 2008 Location: SoCal iTrader: (1)	I care for the simple reason that my ex wife told both the kids she could not give the fnatastic sum of $250.month that she gives them for college/school expenses, she a RN at a VA hospital and is not going to get cut, as a result and it has not even happened. I now get to pay 99% instead of 95% of their expenses for college and trade school. As a side note not only govt employees are enjoying less income, I'm sefl employed in IT and my billable rate is down 40% from 2001-2002 due to having to compete with out sourced off shore players. Now granted I'm grateful it's down 40% as I know of lots of people same business who are chronically out of work.
	Appreciate 0 Quote