http://www.youtube.com/watch?v=U7YBjjLKLd0
Click Here to Watch!!
The auto industry execs took a beating from Congress the other day so I was glad to find a seasoned voice to shed another light on the situation.
Now, don't get me wrong, I don't believe in throwing good money after bad and I'm not biased because I live in Detroit. I just find it ironic that the banks and insurance companies were practically thrown money with no rules or regulations whatsoever and the automotive industry is having to sign in blood and pinky swear.
The automotive execs should be held accountable, nonperformers should not receive massive bonuses and pay. They should restructure their business models and the unions should also join them in that restructuring. Once the LOAN is made, there should be clear cut repayment terms.
Now,they've gotten their beating and been sent to thier rooms, are we going to help them, which means helping American families or are we going to continue to play keepaway at those families' expense?
I thank Congressman McCotter for being the voice of reason in all this, please click link above to watch. - Dee
Monday, November 24, 2008
Monday, November 17, 2008
A young man was having some money problems, and needed $200 to get his car fixed and road-worthy again. But had run out of people to borrow from.
So, he calls his parents via the operator, and reverses the charge and says to his dad, "I need to borrow two hundred dollars."
At the other end, his father says, "Sorry, I can't hear you, son, I think there may be a bad line."
The boy shouts, "Two hundred. I need two hundred dollars!"
"Sorry, I still can't hear you clearly," says his father.
The operator cuts in, "Sorry to butt in, but I can hear him perfectly." The father says, "Oh, good. YOU send him the money!"
So, he calls his parents via the operator, and reverses the charge and says to his dad, "I need to borrow two hundred dollars."
At the other end, his father says, "Sorry, I can't hear you, son, I think there may be a bad line."
The boy shouts, "Two hundred. I need two hundred dollars!"
"Sorry, I still can't hear you clearly," says his father.
The operator cuts in, "Sorry to butt in, but I can hear him perfectly." The father says, "Oh, good. YOU send him the money!"
Monday, November 10, 2008
AIG To Get More Money?? You're Kidding Me Right??
U.S. Government Restructures AIG Bailout
NPR.org, November 10, 2008 ·
The government is providing new financial assistance to troubled insurance giant American International Group. It includes pouring $40 billion into the company in return for partial ownership. The Federal Reserve said Monday the government would...
Click Title For Complete Story..... - Dorethia
NPR.org, November 10, 2008 ·
The government is providing new financial assistance to troubled insurance giant American International Group. It includes pouring $40 billion into the company in return for partial ownership. The Federal Reserve said Monday the government would...
Click Title For Complete Story..... - Dorethia
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