There is so much wrong with this story that I hardly know where to begin.
1) It seems to me that a company has the right to fire workers.
2) It seems to me a bank has a right to refuse credit to a business that cannot pay the money back.
3) It seems to me that none of this is the government's business.
4) It seems to me that Ms. Mazon should learn to speak English.
5) It seems to me Jesse Jackson should just shut the fuck up.
6) It seems to me that we've become France.
7) It seems to me that the government's actions are fascist: they want to dictate to and control businesses.
8) It seems to me it's time to think about secession.
The Gunslinger
Joebama American citizens 2024 print
9 months ago
"Bank of America is thumbing its nose at Congress and America's taxpayers by taking federal recovery funds while refusing to extend credit to a small manufacturing company with a strong history of profitability," said Alderman Joe Moore.
ReplyDeleteOf course "Reverend JJ" should STFU,but I've talked to several people recently who know these things, who've repeated the same observation in general.Wanna bet the banker-dudes are no more "free market" than Big Government dudes,and are sitting on the money or just using it to keep their own asses in silk? a bit hypocritical.A bank that gets bailed out by the government,then turns around and gets "hard-ass" on someone smaller is like a trust-fund baby yakking about "lazy rednecks".Point #2 is mooted when they got their bailout.As for Point #1,I understood the big gripe is company refusing severance pay,as per agreement,but the company can't fulfill because the Bank says "No Way",even tho Bank certainly profitted from the "Government's business" in helping them (point #3).Operation Clusterfuck commencing!In my own situation (re:layoff),tho our particular division of AlleghenyTechInc was doing not-so-bad,(actually still profitting)but because of other divisions'red-lining..."well,let's lay off folks from the one part doing well,too!".Meantime,parent company is going ahead with $1 Billion-dollar New Plant Project.THESE are the Captains of Industry? Co-worker got called back today after Friday's lay-off ("Sorry,a mistake").Machinist/production guys like me with 3-15 years experience get laid off,while shall-we-say "unskilled" workers with less than a year's history were kept.Not much "busness sense" there.But again,I'm a worker who produces work,not an "idea" guy.Guess I'm not as clever as the politicians/bankers/corporate execs that have fucked things up so badly,with their "cleverness".Just sayin'...
I don't know the whole story, but I got the idea that the business was unlikely to be able to pay back the money.
ReplyDeleteI also heard BofA was one of the banks that didn't want the bailout, but was forced into taking it by Congress.
I know there were some that happened to. I don't know for certain that BofA was one of them.
"Forced by Congress"? You mean that "hard-as-nails" Pelosi,or Reid? One yearns for the likes of a Carnegie or Gould,who didn't let some mealy-mouthed politician tell them what to do.What the hell happened? You may be right...We've become a country of....French!
ReplyDeleteB of A was also notorious for giving credit cards with picture ids to people with no soc.sec.numbers (now,what kinda folks would THAT be?)and sub-prime mortgage loans to the same ("we don't have the right to ask about citizenship"-paraphrasing from memory).The rank hypocrisy of all parties just pissed me off.I've wiped the rabid froth off my face.For now.
ReplyDeleteI was watching HBO - The House of Saddam - last night (DVR) and it was the same thing. Everyone was so ambitious...and then so scared of him, they did things they disapproved of rather than stand up to him. If they had all just said no...and turned on him, he never could have survived. But each was worried about his own survival, his own success, his own patch, and instead of banding together, they each in turn became mistrusted and murdered by the man they tried so hard to please.
ReplyDeleteNo principles, just self-interest. Our businesses and our politicians are exactly like that... or enough of them to poison the water.
"the man they tried so hard to please"...that phrase,that line...superb."All that Evil needs to succeed,is that Good Men do nothing".Incompetence is worse than Evil,as we are witnessing now...
ReplyDeleteIt's amazing how incompetent...or at least how ignorant... Saddam was. He believed in his own little made-up world, and totally miscalculated the United States and the world.
ReplyDeleteHe killed his most competent advisors and friends through his persistent paranoia, and never accepted reality.
Like all liars and thieves, he assumed everyone thought like he did. And when he murdered his President and usurped the position, he thereafter always assumed everyone was plotting to do the same to him.
Especially his friends. It was very dangerous to be his friend. In fact, it was usually fatal.