Join the treasury department, where you get to pull it out of your ass fresh every day.

http://www.bloomberg.com/apps/news?pid=20601068&sid=a44uLcFI7ubA&refer=home

Funny thing is these gents went to great schools to learn to pull it out of their ass and get paid great to do it...wth

I think Fandros has summed it up pretty well. We crank out 3 business school graduates for every 1 person that makes a product or does a service. All these people that are making money reselling something someone else just sold and other boiler room jobs with a lot of profit and no product.

I certainly don't think my business is important, and when the armageddon comes film and television will be the first to go, but at least at the end of the day I've made something that actually exists and worked for my rate.

I think Fandros has summed it up pretty well. We crank out 3 business school graduates for every 1 person that makes a product or does a service. All these people that are making money reselling something someone else just sold and other boiler room jobs with a lot of profit and no product.

I certainly don't think my business is important, and when the armageddon comes film and television will be the first to go, but at least at the end of the day I've made something that actually exists and worked for my rate.

Damn right.

Funny thing is these gents went to great schools to learn to pull it out of their ass and get paid great to do it...wth


Hey, criminals deserve an education!

Lord knows they get great education bennies in prison, put'em there where they belong.

Lord knows they get great education bennies in prison, put'em there where they belong.


Having a little bit of experience in this area, I have to point out that there is far less recidivism with inmates that receive education than with those that are just put to work in the factory; the more education the better the chance of not re-offending. There were a few at the prison I worked at in Minnesota that earned both Bachelor and Master's degrees while incarcerated. And no state corrections funds were used. They wrote a grant proposal, and actually created a program in conjunction with the U of M.

A company has 6 parts, screw any of them up, and a company fails.
part 1 makes the stuff (production)
part 2 sells the stuff to new customers (sales/marketing)
part 3 ships the stuff (warehousing)
part 4 deals with money (finance)
part 5 deals with protection (lawyers)
Part 6 sells the stuff to old customers (customer service/old accounts)

Note that IT isn't any of these parts, instead, it's a method of increasing productivity in any particular part.

The problem with that Maniacles is a lot of businesses tried to get by with just #2-#5 for a while.

Lord knows they get great education bennies in prison, put'em there where they belong.


My point really was that because one is educated doesn't mean they can't be a criminal.

Note that IT isn't any of these parts, instead, it's a method of increasing productivity in any particular part.

I suppose that depends on your definition of IT. Plenty of companies sell IT services as their only product.

Henry Paulson (http://search.bloomberg.com/search?q=Henry+Paulson&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) plans to use the second half of the $700 billion financial rescue program to help relieve pressures on consumer credit, scrapping an effort to buy devalued mortgage assets. ``Illiquidity in this sector is raising the cost and reducing the availability of car loans, student loans and credit cards (http://www.bloomberg.com/apps/quote?ticker=AXP%3AUS),''

I have to say I do not see it working other than the banks and other corporations making a grab for goverment money. GE finance which was just given a huge billion dollar prop up from Warren Buffet a couple months ago now grabs 139 Billion from the tax man.

http://www.reuters.com/article/ousiv/idUSTRE4AC0JJ20081113

I finance about 70% of my customers threw them. Today GE told notified me unless a customer has an 800 fico score they will not fund the job. This will be revaluated sometime after the first of the year. Credit unions and banks are looking for 700 + scores but the hoops are many to get passed for approval.

The whole mess makes what I felt a cozy place in a hurting industry for having the finaince option when less than 5% of my competitors can offer a much harder sell Unless they have cash or C,C.

Two of my manufactors have locked there doors in the last two weeks due to loss of credit. Im sure more are to come, one was a 4 billion dollar a year company. Still havent seen that reported in the papers maybe in PA and Ohio where they are located among all the other job loses.

Seems selling guns are the most profitable business atm, Ive always beena backer of capitalism the strongest will survive if product execution and patience are followed. Bailing out all these corps just to slow the bleeding just irks me to no end.

I know you cant just let GM die since it would instantly affect millions of people, last number I read was 2.4 million not counting the households of those people and related business. But Apple and Boeing have been doing right for years.

And for the dot com MEW, yeah alot of people lived off there house equity and found it too easy to grab once they found another job. I worked for Dell for 7 years, The goverment didnt help all those companies or individuals. Three Majors tech companies here in Austin have annouced volunteray seperation packages before the major lay off comes a few old friends grabbed the 8 month pay deal from Dell. Since the last go around wasnt as pretty,
Anyway Im rambling while watching this Houston game just thought it interesting how much deeper this is becoming everday, just a slooow slide to depression

One of our largest auto dealership owners in the area, with stores here and in California (Denny Hecker with at least 20-some dealerships) along with a separate car rental business, filed federal suit against Chrysler for being the latest to receive unilateral credit line shut off.

Apparently a dealer in the Atlanta area had the same experience with GM and had to close several dealerships. While I understand the dealers using financing through the auto dealers, I would hope they were smart enough to spread their credit around a bit, rather than relying on a single auto maker to remain solvent, thereby keeping their own business afloat.

Heard, the one here in the Southeast, had it coming.

Have to admit I had a smile on my face about this guy, too. I won't deal with any of his places.