AntiFascist
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Wed Oct-01-08 04:14 PM
Response to Reply #13 |
| 47. These are usually called "cash flow problems".... |
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I suspect that banks are being very selective about who they loan money to for a reason. Usually companies can't meet payroll when they have trouble collecting money from their own customers, or worse yet, when their customers go away. This can cause a domino effect, and there are underlying causes in the economy for this. Whether or not banks can provide short-term loans is really only a short-term solution to a much bigger problem.
I've always suspected that Republican (leadership) is doing everything it can to delay the downfall of the economy until such time that Obama takes office, then they may decide to drop the anchor. If McCain takes office he might bomb Iran, then they could blame any market correction on the new war.
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| -Unknown terrain for economy (State of Massachusetts denied credit) |
depakid |
Sep-30-08 11:43 PM |
#0 |
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Why is a state spending money it doesn't have ? |
madville |
Sep-30-08 11:52 PM |
#1 |
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I am sure they are getting revenues |
Mojorabbit |
Sep-30-08 11:56 PM |
#2 |
| -
It's called cash flow |
depakid |
Oct-01-08 12:04 AM |
#4 |
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it's astounding how economically illiterate people are |
Ex Lurker |
Oct-01-08 12:58 AM |
#11 |
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But but, DU is smarter than everybody else |
sandnsea |
Oct-01-08 01:08 AM |
#12 |
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Yeah, it's more honest too ... |
Nihil |
Oct-01-08 06:40 AM |
#23 |
| -
self-delete |
Two Americas |
Oct-02-08 03:24 AM |
#61 |
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I don't care if you trust my reasons or not. |
Marrah_G |
Oct-02-08 02:25 PM |
#67 |
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Don't you dare get mad at us |
skyounkin |
Oct-01-08 02:07 AM |
#14 |
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I'm not mad at anybody. But it is what it is n/t |
Ex Lurker |
Oct-01-08 02:24 AM |
#15 |
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You're right, and this is very bad news |
shrike |
Oct-01-08 09:52 AM |
#32 |
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It's a very short term loan. |
grytpype |
Oct-01-08 12:11 AM |
#5 |
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These are revolving lines of credit- short term monies |
Marrah_G |
Oct-02-08 02:23 PM |
#65 |
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Massachusetts will surely "be there" next month and "next year" |
Mind_your_head |
Sep-30-08 11:59 PM |
#3 |
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Increase yields and I'm sure they'll find buyers n/t |
SahaleArm |
Oct-01-08 12:14 AM |
#6 |
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So, it begins |
skyounkin |
Oct-01-08 12:34 AM |
#7 |
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I read the article but didn't understand something |
skyounkin |
Oct-01-08 12:50 AM |
#8 |
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No, commercial lenders that are freezing lending on a day-to-day basis. |
truthisfreedom |
Oct-01-08 04:48 AM |
#21 |
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Welcome to the real world... |
bhikkhu |
Oct-01-08 12:54 AM |
#9 |
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get back to me when your paycheck bounces because your employer |
Ex Lurker |
Oct-01-08 12:57 AM |
#10 |
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amazing |
Two Americas |
Oct-01-08 02:44 PM |
#36 |
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I do the accounting for the business, and it won't happen |
bhikkhu |
Oct-01-08 05:22 PM |
#50 |
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Allow me to explain |
endthewar |
Oct-01-08 01:57 AM |
#13 |
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Many businesses don't borrow to make payroll. |
Seldona |
Oct-01-08 06:41 AM |
#24 |
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Agreed. Most businesses won't go out of business. |
endthewar |
Oct-01-08 06:51 AM |
#25 |
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Only three? |
tama |
Oct-01-08 02:50 PM |
#38 |
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It'll likely be more than 3% |
endthewar |
Oct-01-08 06:37 PM |
#51 |
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So I guess you pay cash for everything you own?...n/t |
Virginia Dare |
Oct-01-08 08:36 AM |
#27 |
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that's funny |
Two Americas |
Oct-01-08 02:36 PM |
#34 |
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So if your water heater goes out, or your furnace, or your A/C.... |
WriteDown |
Oct-01-08 02:38 PM |
#35 |
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my, my |
Two Americas |
Oct-01-08 02:49 PM |
#37 |
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Friends |
tama |
Oct-01-08 02:52 PM |
#39 |
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If wages were indexed to inflation, like they used to be, that wouldn't be an issue. |
Zhade |
Oct-01-08 09:21 PM |
#55 |
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bingo |
Two Americas |
Oct-02-08 02:11 AM |
#60 |
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When was this mystical time that you speak of when.... |
WriteDown |
Oct-02-08 09:34 AM |
#63 |
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whatever |
Two Americas |
Oct-02-08 05:15 PM |
#70 |
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Barney Frank didn't toe the line |
Karenina |
Oct-02-08 04:33 PM |
#69 |
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But in this case, the state did have some money available |
muriel_volestrangler |
Oct-01-08 09:27 AM |
#30 |
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I guess they do that in case of emergencies |
endthewar |
Oct-01-08 09:34 AM |
#31 |
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These are usually called "cash flow problems".... |
AntiFascist |
Oct-01-08 04:14 PM |
#47 |
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I witnessed the change over |
Two Americas |
Oct-01-08 02:34 AM |
#16 |
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I agree totally. |
DeSwiss |
Oct-01-08 03:10 AM |
#17 |
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Nobody is pretending that they're honest or trustworthy |
depakid |
Oct-01-08 03:19 AM |
#18 |
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ROFL |
Two Americas |
Oct-01-08 03:38 AM |
#19 |
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Not saying there weren't tons of scams or that I don't have disdain for those who caused the mess |
depakid |
Oct-01-08 04:35 AM |
#20 |
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I understand |
Two Americas |
Oct-01-08 06:04 AM |
#22 |
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"Not sure how much more Congress could do"? You must be joking. |
bean fidhleir |
Oct-01-08 07:37 AM |
#26 |
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you misunderstood |
Two Americas |
Oct-01-08 02:26 PM |
#33 |
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I know - I smacked myself upside the head right afterward |
bean fidhleir |
Oct-01-08 02:58 PM |
#42 |
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the spin |
Two Americas |
Oct-01-08 07:31 PM |
#52 |
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Your insight on this, while probably futile, is extremely appreciated. |
Zhade |
Oct-01-08 09:43 PM |
#57 |
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Well said n/t |
tama |
Oct-01-08 02:55 PM |
#40 |
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it took me a while to see this |
Two Americas |
Oct-01-08 03:07 PM |
#44 |
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How deep does |
tama |
Oct-01-08 04:07 PM |
#45 |
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it is way out of control |
Two Americas |
Oct-02-08 02:07 AM |
#59 |
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TA- I think you couldn't be more wrong on this |
Marrah_G |
Oct-02-08 02:30 PM |
#68 |
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I didn't say that |
Two Americas |
Oct-02-08 05:44 PM |
#71 |
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I believe you. n/t |
bitchkitty |
Oct-01-08 09:18 PM |
#54 |
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HEAR, HEAR. Worthy of its own thread. |
Zhade |
Oct-01-08 09:25 PM |
#56 |
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I appreciate that Zhade |
Two Americas |
Oct-02-08 06:20 PM |
#72 |
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And to think we've got a ballot issue that will abolish the income tax if passed |
Bill McBlueState |
Oct-01-08 09:14 AM |
#28 |
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That's gotta have lenders worried |
laptoprepairguy |
Oct-01-08 09:21 AM |
#29 |
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Imagine abolishing the FEDERAL income tax instead. |
bean fidhleir |
Oct-01-08 02:57 PM |
#41 |
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Sounds like a plan |
tama |
Oct-01-08 04:09 PM |
#46 |
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"I don't see states willing to fund the military-industrial complex" |
bean fidhleir |
Oct-01-08 04:20 PM |
#48 |
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Hmm |
tama |
Oct-01-08 04:30 PM |
#49 |
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This is part of my view |
KakistocracyHater |
Oct-01-08 03:00 PM |
#43 |
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So let me get this straight - banks refused to give credit... |
Zhade |
Oct-01-08 09:15 PM |
#53 |
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It's even worse: Mass is still one of the wealthiest states in the nation |
bean fidhleir |
Oct-02-08 02:24 PM |
#66 |
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Could this be a strictly political ploy, like the crap the Cleveland banks pulled in 1979? |
eridani |
Oct-02-08 12:49 AM |
#58 |
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Bet on it. And there's no Dennis around to call their bluff. |
bean fidhleir |
Oct-02-08 02:17 PM |
#64 |
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Deleted message |
Name removed |
Oct-02-08 03:30 AM |
#62 |
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The financial blackmail from the banks begins. |
TroubleMan |
Oct-02-08 06:32 PM |
#73 |
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