HistoryNet.com RSS
ArmchairGeneral.com RSS

HistoryNet.com Articles
America's Civil War
American History
Aviation History
Civil War Times
MHQ
Military History
Vietnam
Wild West
World War II

ACG Online
ACG Magazine
Stuff We Like
War College
History News
Tactics 101
Carlo D'Este
Books

ACG Gaming
Boardgames
PC Game Reviews

ACG Network
Contact Us
Our Newsletter
Meet Our Staff
Advertise With Us

Sites We Support
HistoryNet.com
StreamHistory.com
Once A Marine
The Art of Battle
Game Squad
Mil. History Podcast
Russian Army - WW2
Achtung Panzer!
Mil History Online

Go Back   Armchair General and HistoryNet >> The Best Forums in History > Happening Now > Politics Central

Notices and Announcements

Politics Central An archive of discussions of a political nature that took place here.

 
 
Thread Tools Display Modes
  #16  
Old 15 Aug 09, 15:43
GeneralTsoGood's Avatar
GeneralTsoGood GeneralTsoGood is offline
Lieutenant General
United_States
 
Real Name: C. Rarnes
Join Date: Sep 2007
Location: out there somewhere
Posts: 3,264
GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100]
Quote:
Originally Posted by Mountain Man View Post
Since when are contracts sancrosanct? Outfits like Citi maintain battalions of lawyers to deal with contractual issues. The Government maintains an entire army of them.

Every day in America, contracts are voided, modified, deferred and otherwise diverted from their original purpose and intent - that's what lawyers do - but suddenly, since the collapse, executive bonus contracts have been declared "untouchable."

It oulodtake less than five minutes in the Oval Office woith the Attorney General present to convince this guy that asking the taxpayers to pay out his "bonus" was a very bad idea, and that accepting a deferrment or modification was the "right and American thing to do", when millions are out of work and millions more have lost thier homes, savings and everything.

So "it's a contract" is a lost argument.
surely you jest... all your cries against socialism and spreading the wealth, yet here we have a trader who is due his money that he earned but since others are losing money you think he shouldnt get it?

hypocrisy in its finest...
  #17  
Old 16 Aug 09, 08:29
The Doctor's Avatar
The Doctor The Doctor is offline
General of the Forums
Pirate
Distinguished Service Award ACG Ten Year Service Award ACG 5 Year Service Ribbon Summer Campaign 
Greatest Westerns Campaign Greatest Spy Movies Campaign Most Significant/Influential Fighter Campaign Most Significant/Influential Multi-Role Aircraft C 
 
Real Name: Dave
Join Date: Aug 2004
Location: Dallas, Texas
Posts: 46,957
The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+]
The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+]
Quote:
Originally Posted by Mountain Man View Post
I would rather see Phibro go completely out of business before one cent of my heard-earned tax money goes to pay bonuses to CEO's that are legally owed by private coroprations.

They are a "for profit" organization, which means they do not have the right to use my money for their benefit. It is NOT the taxpayer's problem; it is Citi's and Phibro's. The CEO understood the situation clearly; if the money isn't there for his inflated bonus, or Phibro reneges, he has the right to sue his employer. What he does not have is the right to expect the taxpayers to cover his bonus if his own employer cant.

And all this pay it now or pay it later crap is just that - it's crap. The private sector can start solving it's own problems, beginning with controlling their addiction to extravagant pay packages that are not realted to actual outcomes.
"Phibro" isn't in any danger of going bankrupt... Citigroup is.

If the the US gov't forces Citigroup to break its contract with Phibro... They will lose Phibro and its $600 to $800 million per year in earnings... They will also lose Phibro's clients. And the courts will force Citigroup to pay Phibro the money plus damages and legal fees.

"Phibro" is not a factory that Citigroup owns. "Phibro's" assets consist of Hall and the other principals of Phibro. Right now, Hall and his team are under contract to Citigroup. All contracts like these have "non-compete clauses. If they quit, they could not directly compete with Phibro and Citigroup... And they can't try to take their clients with them. If Citigroup breaks the contract, Hall would just pick up the phone and call the CEO of Goldman Sachs or some other competitor of Citigroup's and say, "If you pay me $100 million per year, I'll add at least $600 million to your bottom line every year." This isn't complex arithmetic... $600 million minus $100 million is $500 million. Actually it is a bit more complex. Citigroup netted about $600 million from Phibro in 2008 and they paid Hall his $100 million for 2007... So the equation should be: $700 million minus $100 million is $600 million.

So, if Citigroup loses Phibro... They lose $600 to $800 million in net earnings per year... Plus they will lose the lawsuit over the $100 million that they are trying to stiff Phibro. That will cost them at least $200 million... probably more than $300 million (willfully breaking legal contracts tends to lead to triple damage awards).
  #18  
Old 16 Aug 09, 08:37
The Doctor's Avatar
The Doctor The Doctor is offline
General of the Forums
Pirate
Distinguished Service Award ACG Ten Year Service Award ACG 5 Year Service Ribbon Summer Campaign 
Greatest Westerns Campaign Greatest Spy Movies Campaign Most Significant/Influential Fighter Campaign Most Significant/Influential Multi-Role Aircraft C 
 
Real Name: Dave
Join Date: Aug 2004
Location: Dallas, Texas
Posts: 46,957
The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+]
The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+]
Quote:
Originally Posted by Mountain Man View Post
Since when are contracts sancrosanct? Outfits like Citi maintain battalions of lawyers to deal with contractual issues. The Government maintains an entire army of them.
When contracts cease to be "sacrosanct", we will have become Zimbabwe.

Quote:
Originally Posted by Mountain Man
Every day in America, contracts are voided, modified, deferred and otherwise diverted from their original purpose and intent - that's what lawyers do - but suddenly, since the collapse, executive bonus contracts have been declared "untouchable."
Contracts can only be modified with the mutual consent of both parties.

Citigroup has zero leverage over Phibro and more importantly, over Hall and his team. If there was no market out there for Hall and the Phibro team's services, Citigroup might have some leverage to renegotiate the contract. But there's a huge market for Phibro's services.

Even if Citigroup said that they'd pay this bonus next year with interest, there's no reason to expect Hall to say, "OK." Citigroup is in financial difficulty... There's no reason to have confidence in their ability to pay the bonus next year.

Quote:
Originally Posted by Mountain Man
It oulodtake less than five minutes in the Oval Office woith the Attorney General present to convince this guy that asking the taxpayers to pay out his "bonus" was a very bad idea, and that accepting a deferrment or modification was the "right and American thing to do", when millions are out of work and millions more have lost thier homes, savings and everything.
The President can't summons people to the Oval Office for the Attorney General to lean on them.

If Citgroup breaks the contract, Hall and the Phibro team will be working for a competitor in about 45 minutes and filing suit against Citigroup within a week.


Quote:
Originally Posted by Mountain Man
So "it's a contract" is a lost argument.
Only for Citigroup and Dear Leader.

Last edited by The Doctor; 16 Aug 09 at 09:44..
  #19  
Old 16 Aug 09, 12:50
Mountain Man's Avatar
Mountain Man Mountain Man is offline
General of the Forums
United_States
ACG Ten Year Service Award ACG 5 Year Service Ribbon Greatest Spy Movies Campaign Best Pin-Up Of World War II 
Most Significant/Influential Tank Campaign Most Significant/Influential Fighter Campaign Most Significant/Influential Multi-Role Aircraft C Tournament 1 and preceding Mini-Polls 
 
Join Date: Sep 2004
Location: Colorado Rocky Mts, USA
Posts: 69,401
Mountain Man has disabled reputation
Quote:
Originally Posted by GeneralTsoGood View Post
surely you jest... all your cries against socialism and spreading the wealth, yet here we have a trader who is due his money that he earned but since others are losing money you think he shouldnt get it?

hypocrisy in its finest...
Don't be such a blatant hypocrite, GTG, and stop pretending you can't follow the actual thread.

His company is broke, they can't pay his bonus, and as a taxpayer, I don't consider his bonus to be my problem. Is that too complicated for you?
__________________
Quis Custodiet Ipsos Custodes? Who is watching the watchers?
  #20  
Old 16 Aug 09, 13:01
Mountain Man's Avatar
Mountain Man Mountain Man is offline
General of the Forums
United_States
ACG Ten Year Service Award ACG 5 Year Service Ribbon Greatest Spy Movies Campaign Best Pin-Up Of World War II 
Most Significant/Influential Tank Campaign Most Significant/Influential Fighter Campaign Most Significant/Influential Multi-Role Aircraft C Tournament 1 and preceding Mini-Polls 
 
Join Date: Sep 2004
Location: Colorado Rocky Mts, USA
Posts: 69,401
Mountain Man has disabled reputation
Quote:
Originally Posted by The Doctor View Post
When contracts cease to be "sacrosanct", we will have become Zimbabwe.

Oh, come on, Doc. An entire nation of lawyers exists to make or break contracts. Your Big Oil employer has thousands of them. Don't be so hypocritical.

Contracts can only be modified with the mutual consent of both parties.

Nonsense. Contractual disputes are constantly being settled in the courtrooms of America, usually against the will of one party.

Citigroup has zero leverage over Phibro and more importantly, over Hall and his team. If there was no market out there for Hall and the Phibro team's services, Citigroup might have some leverage to renegotiate the contract. But there's a huge market for Phibro's services.

Nice to know, but essentially irrelevant to the issue at hand, which remains the use of tax money to pay exhorbitant bonuses, in this case a bonus the employer can't afford at all.

Even if Citigroup said that they'd pay this bonus next year with interest, there's no reason to expect Hall to say, "OK." Citigroup is in financial difficulty... There's no reason to have confidence in their ability to pay the bonus next year.

Once again, NTKS* but irrelevant to the point of the discussion. That's Hall's problem, Citi's problem and Ohibro's problem, not the American taxpayers who did not employ him.

The President can't summons people to the Oval Office for the Attorney General to lean on them.

BullCRAP...he just finished summoning a mere police officer to the White house just to lean on him because he felt his bosom buddy had been insulted. The president can and does do a whole of things exactly like that.

If Citgroup breaks the contract, Hall and the Phibro team will be working for a competitor in about 45 minutes and filing suit against Citigroup within a week.

And that is exactly how it should be...without involviung the taxpayers to the tune of $100 million dollars to be paid to a private individual out of our pockets. Your whole argument is based on taxpayers magically being a part of Hall's contract, and we aren't.

Only for Citigroup and Dear Leader.
*NTKS: Nice To Know S.
__________________
Quis Custodiet Ipsos Custodes? Who is watching the watchers?
Sponsored Links

  #21  
Old 16 Aug 09, 13:01
Cambronnne's Avatar
Cambronnne Cambronnne is offline
General of the Forums
United_States
ACG Ten Year Service Award ACG 5 Year Service Ribbon 
 
Real Name: Tom
Join Date: May 2006
Location: Chicago
Posts: 6,204
Cambronnne is a glorious beacon of light [700]
Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700]
Quote:
Originally Posted by Mountain Man View Post
Since when are contracts sancrosanct? Outfits like Citi maintain battalions of lawyers to deal with contractual issues. The Government maintains an entire army of them.

Every day in America, contracts are voided, modified, deferred and otherwise diverted from their original purpose and intent - that's what lawyers do - but suddenly, since the collapse, executive bonus contracts have been declared "untouchable."

It oulodtake less than five minutes in the Oval Office woith the Attorney General present to convince this guy that asking the taxpayers to pay out his "bonus" was a very bad idea, and that accepting a deferrment or modification was the "right and American thing to do", when millions are out of work and millions more have lost thier homes, savings and everything.

So "it's a contract" is a lost argument.



A contract is sancrosanct because our laws say they are.

If contractual agreements are to be honored only when convenient, then they are worthless. If we cannot rely on contracts then you can forget about getting a loan to buy the house, car, or boat.

You can forget about using checks or credit cards.
You can forget about insurance policies.

The damage to the economy would be far greater than the payment of a few billion to this guy instead of what he is owed.

It isn't "easy" to get out of contracts. It happens, but the party seeking to "get out" must prove that there was a "breach" or that the contract itself excuses performance.
Success usually requires drawn out litigation and convincing a judge or jury.
__________________
Avatar is General Gerard, courtesy of Zouave.

Churchill to Chamberlain: you had a choice between war and dishonor. You chose dishonor, and you will have war.
  #22  
Old 16 Aug 09, 13:10
Mountain Man's Avatar
Mountain Man Mountain Man is offline
General of the Forums
United_States
ACG Ten Year Service Award ACG 5 Year Service Ribbon Greatest Spy Movies Campaign Best Pin-Up Of World War II 
Most Significant/Influential Tank Campaign Most Significant/Influential Fighter Campaign Most Significant/Influential Multi-Role Aircraft C Tournament 1 and preceding Mini-Polls 
 
Join Date: Sep 2004
Location: Colorado Rocky Mts, USA
Posts: 69,401
Mountain Man has disabled reputation
Credit cards companies have been breaking their contracts and screwing the public for years. It's been all over the news lately. Bad example.

Insurance companies routinely challenge and often break contracts over word meanings or interpretations of clauses to avoid large payouts. Worse example.

The breech in this company's contract is right out in the open where the whole world can see it, and most can understand it. His employer cannot afford any bonuses, let alone $100 million - not billions as you posted - and therefore somehow this magically morphs into an obligation for the taxpayers to come up with it.

Since you love contracts so much and consider them sancrosanct - he hasn't got one with the taxpayers of America. Therefore, he has no legal claim on our money.

See...it's not so hard.
__________________
Quis Custodiet Ipsos Custodes? Who is watching the watchers?
  #23  
Old 16 Aug 09, 13:28
Cambronnne's Avatar
Cambronnne Cambronnne is offline
General of the Forums
United_States
ACG Ten Year Service Award ACG 5 Year Service Ribbon 
 
Real Name: Tom
Join Date: May 2006
Location: Chicago
Posts: 6,204
Cambronnne is a glorious beacon of light [700]
Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700] Cambronnne is a glorious beacon of light [700]
Quote:
Originally Posted by Mountain Man View Post
Credit cards companies have been breaking their contracts and screwing the public for years. It's been all over the news lately. Bad example.

Insurance companies routinely challenge and often break contracts over word meanings or interpretations of clauses to avoid large payouts. Worse example.

The breech in this company's contract is right out in the open where the whole world can see it, and most can understand it. His employer cannot afford any bonuses, let alone $100 million - not billions as you posted - and therefore somehow this magically morphs into an obligation for the taxpayers to come up with it.

Since you love contracts so much and consider them sancrosanct - he hasn't got one with the taxpayers of America. Therefore, he has no legal claim on our money.

See...it's not so hard.


Sorry, I have been involved in contract and insurance litigation for a long time, I know of what I speak.

Contracts don't get successfully broken just because one party doesn't feel like it anymore. Success still depends on an actual legal basis to void the contract, not just a desire to.

Since I am relying on actual first hand experience with the law as well as years of research, I suspect that my information is more reliable than anecdotes from the news.

Citi entered into a contract. So long as Citi exists and the terms of the contract have been satisfied, they owe the money.
The fact that they took money from the US government doesn't void the contract anymore than you taking a loan to buy a car voids your mortgage.

From Phibro's perspective, he is owed the money. He never surrendered the right to the money, nor agreed to make payment contingent on anything but the terms of his contract.
Citi got the full benefit of his services and as a result he is entitled to the benefit of the compensation they agreed to pay.

If they cannot pay, then they can be forced into bankruptcy by phibro.
Phibro has no claim on the taxpayer, but he has a valid claim on any assets of Citi, including money given by the taxpayers.
__________________
Avatar is General Gerard, courtesy of Zouave.

Churchill to Chamberlain: you had a choice between war and dishonor. You chose dishonor, and you will have war.
  #24  
Old 16 Aug 09, 13:38
Mountain Man's Avatar
Mountain Man Mountain Man is offline
General of the Forums
United_States
ACG Ten Year Service Award ACG 5 Year Service Ribbon Greatest Spy Movies Campaign Best Pin-Up Of World War II 
Most Significant/Influential Tank Campaign Most Significant/Influential Fighter Campaign Most Significant/Influential Multi-Role Aircraft C Tournament 1 and preceding Mini-Polls 
 
Join Date: Sep 2004
Location: Colorado Rocky Mts, USA
Posts: 69,401
Mountain Man has disabled reputation
Feinberg will decide. All hail Feinberg, czar of Obama Land.

Oompah! Oompah! For those of you who know this joke...
__________________
Quis Custodiet Ipsos Custodes? Who is watching the watchers?
  #25  
Old 16 Aug 09, 20:31
GeneralTsoGood's Avatar
GeneralTsoGood GeneralTsoGood is offline
Lieutenant General
United_States
 
Real Name: C. Rarnes
Join Date: Sep 2007
Location: out there somewhere
Posts: 3,264
GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100]
Quote:
Originally Posted by Mountain Man View Post
Don't be such a blatant hypocrite, GTG, and stop pretending you can't follow the actual thread.

His company is broke, they can't pay his bonus, and as a taxpayer, I don't consider his bonus to be my problem. Is that too complicated for you?
the company is not broke, they can pay him, and you are being quite the hypocrite, that is the bottom line.

you want the govt to step in and stop this bonus that he contractually EARNED because others are losing money, plain and simple. how is that not socialism, or nationalization, or any of the other scare tactic govt takeover BS you spout on here daily?

Last edited by GeneralTsoGood; 16 Aug 09 at 20:34..
  #26  
Old 17 Aug 09, 13:26
slick_miester's Avatar
slick_miester slick_miester is offline
General of the Forums
United_States
ACG 5 Year Service Ribbon Most Significant/Influential Fighter Campaign 
 
Real Name: Marc
Join Date: Jul 2007
Location: Brooklyn
Posts: 25,041
slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+]
slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+]
Quote:
Originally Posted by Mountain Man View Post
Every day in America, contracts are voided, modified, deferred and otherwise diverted from their original purpose and intent - that's what lawyers do - but suddenly, since the collapse, executive bonus contracts have been declared "untouchable."
Can you name one example of a contract being breached, I mean, since, as you say, "every day in America, contracts are voided," et al?
__________________
I was married for two ******* years! Hell would be like Club Med! - Sam Kinison
  #27  
Old 17 Aug 09, 13:40
The Doctor's Avatar
The Doctor The Doctor is offline
General of the Forums
Pirate
Distinguished Service Award ACG Ten Year Service Award ACG 5 Year Service Ribbon Summer Campaign 
Greatest Westerns Campaign Greatest Spy Movies Campaign Most Significant/Influential Fighter Campaign Most Significant/Influential Multi-Role Aircraft C 
 
Real Name: Dave
Join Date: Aug 2004
Location: Dallas, Texas
Posts: 46,957
The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+]
The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+]
The only angle that I can see where Citigroup and Dear Leader could weasel out of this unscathed would be a Force Majeure defense. A "greater force" (the US gov't) forced Citigroup to break the contract.

Even then, they might get out of paying Phibro the $100 million they owe... But they would have broken the contract; so Hall and his group would be free to go work for the competition.

I find it highly doubtful that any court would accept the Force Majeure claim - Because the "Force" is an interested party... But the courts could not allow Citigroup to break its end of the contract and force Phibro to honor its end.
  #28  
Old 17 Aug 09, 15:29
GeneralTsoGood's Avatar
GeneralTsoGood GeneralTsoGood is offline
Lieutenant General
United_States
 
Real Name: C. Rarnes
Join Date: Sep 2007
Location: out there somewhere
Posts: 3,264
GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100] GeneralTsoGood has demonstrated strength of character [100]
It costs Citi $100 million to generate what, $600 million in profits was it? thats one heck of a return on investments!!!

As a taxpayer, I would want Mr Hall to stick around so that "my" loan to Citi might be paid back faster than if he wasn't working for them...

I'm reminded of that scene from Goodfellas... "oh, you received a bailout from the Govt? #^&* you, pay me".

Last edited by GeneralTsoGood; 17 Aug 09 at 15:32..
  #29  
Old 17 Aug 09, 16:05
The Doctor's Avatar
The Doctor The Doctor is offline
General of the Forums
Pirate
Distinguished Service Award ACG Ten Year Service Award ACG 5 Year Service Ribbon Summer Campaign 
Greatest Westerns Campaign Greatest Spy Movies Campaign Most Significant/Influential Fighter Campaign Most Significant/Influential Multi-Role Aircraft C 
 
Real Name: Dave
Join Date: Aug 2004
Location: Dallas, Texas
Posts: 46,957
The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+]
The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+] The Doctor has achieved enlightenment [1200+]
Quote:
Originally Posted by GeneralTsoGood View Post
It costs Citi $100 million to generate what, $600 million in profits was it? thats one heck of a return on investments!!!

As a taxpayer, I would want Mr Hall to stick around so that "my" loan to Citi might be paid back faster than if he wasn't working for them...
That seems like a no-brainer to me. I guess the emotional reward of stiffing Phibro must be irresistible to the financially clueless segment of society...

Quote:
Originally Posted by GeneralTsoGood
I'm reminded of that scene from Goodfellas... "oh, you received a bailout from the Govt? #^&* you, pay me".
A great movie...
  #30  
Old 17 Aug 09, 17:41
slick_miester's Avatar
slick_miester slick_miester is offline
General of the Forums
United_States
ACG 5 Year Service Ribbon Most Significant/Influential Fighter Campaign 
 
Real Name: Marc
Join Date: Jul 2007
Location: Brooklyn
Posts: 25,041
slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+]
slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+] slick_miester has achieved enlightenment [1200+]
Quote:
Originally Posted by GeneralTsoGood View Post
I'm reminded of that scene from Goodfellas... "oh, you received a bailout from the Govt? #^&* you, pay me".
It's the greasiest diner in Queens.

This guy's offering a profit margin of 600 on the dollar and some people want to gripe about it? If I had an earner here like that I'd be handing him a bonus with a smile.

It would be appear to me that some people just don't have what it takes to be entrepreneurs. It's just as well that they take orders from those who do have entrepreneurial chops. They'd do well to remember their limitation in the future.
__________________
I was married for two ******* years! Hell would be like Club Med! - Sam Kinison
Sponsored Links

 

Please bookmark this thread if you enjoyed it!


Thread Tools
Display Modes



Forum Jump

All times are GMT -4. The time now is 03:21.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.