Bitter - Chicagoland Sportbikes
Chicagoland Sportbikes
 
Open Forum This forum is for all off-topic discussion.

Reply
 
LinkBack Thread Tools Display Modes
post #1 of 71 (permalink) Old 09-30-2008, 09:29 PM Thread Starter

 
resurrection's Avatar
 
Join Date: Aug 2007
Location: parkforest IL
Posts: 5,620
Location: parkforest IL
Sportbike: lots
Years Riding: all of them
How you found us: grasshopper
           
Bitter

Think about this

those of us that have lived within our means .simple home ,practical car ,low credit card dept,you know who you are .

How do you feel about people that got themselfs and this whole bank mess thing rolling.

Thier EGO and greed for the crap they really CAN'T afford got away from them .People buying these homes they CAN'T afford intrest only loans, and cars that get 8 mpg they CAN'T afford.

I'm alittle BITTER I've spent over 40yrs playing by the rules (living within my means)and these people have put all of us in this money mess.

Maybe I should say this greedy mind set caused this whole dam mess IMHO

Gus
We offer three kinds of service @ Resurrection
GOOD - CHEAP - FAST
You can pick any two
GOOD service CHEAP won't be FAST
GOOD service FAST won't be CHEAP
FAST service CHEAP won't be GOOD
and cold beer.

I'd love to help but I don't chase parts.
Please contact other forum members and supporters for parts.
resurrection is offline  
Sponsored Links
Advertisement
 
post #2 of 71 (permalink) Old 09-30-2008, 09:37 PM
Formerly RwS Films
 
PaulieRedCoat's Avatar
 
Join Date: Aug 2006
Location: A-whore-ra, IL (88 & Farnsworth)
Posts: 1,284
Location: A-whore-ra, IL (88 & Farnsworth)
Sportbike: 2007 Yamaha FZ6, Snow Fiddy
Years Riding: 2
How you found us: Other
           
Send a message via AIM to PaulieRedCoat
Good word for it. I agree.

Namaste

To the times I'll never remember, with the friends I'll never forget.
PaulieRedCoat is offline  
post #3 of 71 (permalink) Old 09-30-2008, 09:38 PM
Failed rehab
 
Rob, Esq.'s Avatar
 
Join Date: Aug 2005
Location: Indy
Posts: 14,908
Location: Indy
Sportbike: Striple
Years Riding: Dunno, awhile?
How you found us: DML
           
Send a message via AIM to Rob, Esq. Send a message via MSN to Rob, Esq.
They couldn't have done without some help from Big Brother.

Attorney-at-Law: Doing my part to contribute to the downfall of western society.
Rob, Esq. is offline  
post #4 of 71 (permalink) Old 09-30-2008, 09:41 PM
Registered User
 
iamnotgreg's Avatar
 
Join Date: Jun 2003
Location: Chicago
Posts: 12,529
Location: Chicago
Sportbike: 2003 Aprilia Mille R Colin Edwards / 01-02 Ninj ZX6r Tracktoy / 2003 SV650
Years Riding: 12
How you found us: some guy at the IBM credit union told me about it
           
Shut up and accept it.. While you're at it.. Here ... drink this kool-ade

iamnotgreg is offline  
post #5 of 71 (permalink) Old 09-30-2008, 09:42 PM
Registered User
 
Join Date: Jun 2007
Location: Burbs
Posts: 946
Location: Burbs
Sportbike: ??<-COMING SOON
Years Riding: 1
How you found us: Some dude
           
I hear ya GREED is the major thing and the government wants to give more money so that lenders can give out more credit?
Crazy Train is offline  
post #6 of 71 (permalink) Old 09-30-2008, 09:43 PM
Registered User
 
iamnotgreg's Avatar
 
Join Date: Jun 2003
Location: Chicago
Posts: 12,529
Location: Chicago
Sportbike: 2003 Aprilia Mille R Colin Edwards / 01-02 Ninj ZX6r Tracktoy / 2003 SV650
Years Riding: 12
How you found us: some guy at the IBM credit union told me about it
           
ever have one of those friends that didnt have a job... and was opening credit cards and living off of them?

ever feel like you're having deja vu?
iamnotgreg is offline  
post #7 of 71 (permalink) Old 09-30-2008, 09:46 PM
Registered User
 
Join Date: Jun 2007
Location: Burbs
Posts: 946
Location: Burbs
Sportbike: ??<-COMING SOON
Years Riding: 1
How you found us: Some dude
           
Quote:
Originally Posted by gconsier View Post
ever have one of those friends that didnt have a job... and was opening credit cards and living off of them?

ever feel like you're having deja vu?
Oh Oh better yet ever have one of those friends that just wanted to collect unemployment so they don't have to work? Oh wait do you know the people that get sec 8 or goverment subsidize housing so that they can live for free sell drugs and steal so they don't have to get a real job.
Crazy Train is offline  
post #8 of 71 (permalink) Old 09-30-2008, 09:50 PM Thread Starter

 
resurrection's Avatar
 
Join Date: Aug 2007
Location: parkforest IL
Posts: 5,620
Location: parkforest IL
Sportbike: lots
Years Riding: all of them
How you found us: grasshopper
           
Using thier link card for food and loading it into the Escalade.

Gus
We offer three kinds of service @ Resurrection
GOOD - CHEAP - FAST
You can pick any two
GOOD service CHEAP won't be FAST
GOOD service FAST won't be CHEAP
FAST service CHEAP won't be GOOD
and cold beer.

I'd love to help but I don't chase parts.
Please contact other forum members and supporters for parts.
resurrection is offline  
post #9 of 71 (permalink) Old 09-30-2008, 09:51 PM
Registered User
 
Join Date: Jun 2007
Location: Burbs
Posts: 946
Location: Burbs
Sportbike: ??<-COMING SOON
Years Riding: 1
How you found us: Some dude
           
Quote:
Originally Posted by resurrection View Post
Using thier link card for food and loading it into the Escalade.
Crazy Train is offline  
post #10 of 71 (permalink) Old 09-30-2008, 09:55 PM
Eat a bag o' dix!
 
trkyleg's Avatar
 
Join Date: Apr 2008
Location: Oklahoma
Posts: 8,019
Location: Oklahoma
Sportbike: ratty one
Years Riding: a few days
How you found us: Uncle Bad Touch
           
I try not to worry so much about other people and their wrong doings. Have the piece of mind that im not one of those menaces and have another beer to wash it all down.

Quote:
Originally Posted by Loki047 View Post
As long as their tits are bigger than their dicks, im in.

-"You will meet your destiny on the road of avoidance."

-"Yesterday is history, tomorrow is a mystery, and today is a gift. That is why we call it the present."

-"It's not considered premarital sex if you don't plan on getting married."
trkyleg is offline  
post #11 of 71 (permalink) Old 09-30-2008, 10:02 PM
Registered User
 
Join Date: Jul 2006
Location: joliet il
Posts: 25
Location: joliet il
Sportbike: 05 busa, 07 R1
Years Riding: since feb o6
How you found us: chicago riders
       
Yeah this whole thing sux....I played by the rules too and now I'm gettin screwed..I gotta 100k in equity in my house and can't get a BS 20 grand of it to do some remodel/improvements cuz everbody screwed it up for the rest of us...Unless you gotta 800 credit score you can't finance the sales tax on a free lunch!!! Guess I'll just have to pay cash (or euros!!!)
fuggdatnoyz is offline  
post #12 of 71 (permalink) Old 09-30-2008, 10:04 PM Thread Starter

 
resurrection's Avatar
 
Join Date: Aug 2007
Location: parkforest IL
Posts: 5,620
Location: parkforest IL
Sportbike: lots
Years Riding: all of them
How you found us: grasshopper
           
Menaces I like that .Thats what we'll call um

I dig what your saying , worry about your own ,But dude were all going to suffer this .

Gus
We offer three kinds of service @ Resurrection
GOOD - CHEAP - FAST
You can pick any two
GOOD service CHEAP won't be FAST
GOOD service FAST won't be CHEAP
FAST service CHEAP won't be GOOD
and cold beer.

I'd love to help but I don't chase parts.
Please contact other forum members and supporters for parts.

Last edited by resurrection; 09-30-2008 at 10:08 PM.
resurrection is offline  
post #13 of 71 (permalink) Old 09-30-2008, 10:06 PM
Registered User
 
Join Date: Jun 2007
Location: Burbs
Posts: 946
Location: Burbs
Sportbike: ??<-COMING SOON
Years Riding: 1
How you found us: Some dude
           
Quote:
Originally Posted by resurrection View Post
Menaces I like that .Thats what we'll call um

I dig what your saying about worry about your own ,But dude were all going to suffer this .
+1
Crazy Train is offline  
post #14 of 71 (permalink) Old 09-30-2008, 10:14 PM
Registered User
 
beac83's Avatar
 
Join Date: Jun 2008
Location: Morgan Park, IL
Posts: 3,759
Location: Morgan Park, IL
Sportbike: A couple
Years Riding: too long to have any sense
How you found us: NESBA
           
I'm with Resurrection. I'm not bitter, though. I have little debt (only a car loan and a mortgage), pay my bills on time, put money into my retirement savings, and don't spend money I won't have to pay at the end of the month. Seems like I'm being penalized for being fiscally conservative in a time of easy money. My priorities have been longer term than most, and now all the short-sighted thinking is coming back to bite all of us, including me, in the a$$.


I've seen it coming for quite a while. In the early 1980's the Govt under Regan started de-regulating the financial industry. Reganomics was born, which was epitomized in a movie that contained the line "Greed is good". The thought was that if you help the rich get richer, then everyone will somehow benefit. The stress was on doing what personally maximally benefits you, and screw the rest of the community/society/world.

As the rich needed ways to keep getting richer, they lobbied government to remove usury laws (which had limited interest rates), and started the process of de-regulating the stock market, the banking industry, and the commodities exchanges. All this was done under the banner of promoting free market capitalism. However it ignored the bad side of greed.

This lead to a lot of increased consumption on the part of many, because credit/money became easily available, albeit at 24% interest. As we all got used to consumption, we found other ways to get at money - re-finance the house & take cash out - 5 year car loans (they used to be 3 years max), and all kinds of other schemes, even payday loans at 300%+ interest.

Money was easy to come by because as long as you were willing to pay the interest rate charged, you could have more.

The economy expanded and all was well.

This scheme works fine until you can't afford to pay at least the interest. Then it all falls apart. That is where we are now.

All those people and businesses who made that money available to us made their commissions, and then sold the loans to banks and others around the world, claiming they were low risk securities. Everyone involved gets a cut each time these articles are traded. The brokers who did this were paid based on the business written (quantity), not on the quality of the loans. There was simply no regulation, no incentive to worry about the consumer's ability to repay what they had borrowed. As we have seen, this lead to blatantly fraudulent loans being issued to people who did not have a prayer of repaying them.

All good times come to an end. They have been obviously been coming for at least a few years now, but finally reached critical mass this summer. The warning signs started a few years ago, but we just kept on saying that these were just a few anomalies and that everything was sound. Now the bad paper is spread all over the world, and everyone is panicking.

The real problem is not the loss of value represented by the bad paper. It is the loss of trust among the players in the financial markets. Banks this week are reluctant to lend each other money, much less us. This is bringing world finance and the flow of money to a screeching halt.

This bailout is supposed to remove some of the bad paper from the market, and somehow restore confidence among the banks, so that they will continue to make each other and us loans.

I seriously doubt that it will work, even if passed, and eventually (in 20+ years) the government gets all the money back like it has done with the last big crash of savings and loans about 18 years ago.

The best the bailout will do is minimize the recession that is coming. And for that, it may be worth it, no matter how reluctantly we finally accept that fact.

Trust in the system has been destroyed, and just taking the bad loans off the table won't restore it. We will require tighter regulation of the markets and banks for a while to get confidence back. That, too will come in the near future.

There has never been a free lunch. The bill for 35 years of collective overspending is now due.


EDIT: correction, some usury laws were repealed in the late Carter administration due to high inflation - a follow-on from the cost of the Vietnam war and the 1970's Oil Crisis (both of them).

Craig
________________

Last edited by beac83; 09-30-2008 at 10:54 PM.
beac83 is offline  
post #15 of 71 (permalink) Old 09-30-2008, 10:16 PM
Administrator
 
HDTony's Avatar
 
Join Date: Apr 2002
Location: Plainfield IL
Posts: 45,956
Location: Plainfield IL
Sportbike: A couple of pasta rockets
Years Riding: Since 1989
How you found us: In the beginning there was CLSB and Tony saw that it was good.
           
Send a message via AIM to HDTony
LOL. Get this one

I have a neighbor who has filed for bankrupcy, has been about to loose his house for the last year. oh and a new Jag and Kia soreento just showed up in his driveway the other day.




HDTony.... Damn glad to meet you!

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

- Ronald Reagan

AirTek Heating & Air inc.
HDTony is offline  
post #16 of 71 (permalink) Old 09-30-2008, 10:28 PM
Failed rehab
 
Rob, Esq.'s Avatar
 
Join Date: Aug 2005
Location: Indy
Posts: 14,908
Location: Indy
Sportbike: Striple
Years Riding: Dunno, awhile?
How you found us: DML
           
Send a message via AIM to Rob, Esq. Send a message via MSN to Rob, Esq.
Quote:
Originally Posted by beac83 View Post
I'm with Resurrection. I'm not bitter, though. I have little debt (only a car loan and a mortgage), pay my bills on time, put money into my retirement savings, and don't spend money I won't have to pay at the end of the month. Seems like I'm being penalized for being fiscally conservative in a time of easy money. My priorities have been longer term than most, and now all the short-sighted thinking is coming back to bite all of us, including me, in the a$$.


I've seen it coming for quite a while. In the early 1980's the Govt under Regan started de-regulating the financial industry. Reganomics was born, which was epitomized in a movie that contained the line "Greed is good". The thought was that if you help the rich get richer, then everyone will somehow benefit. The stress was on doing what personally maximally benefits you, and screw the rest of the community/society/world.

As the rich needed ways to keep getting richer, they lobbied government to remove usury laws (which had limited interest rates), and started the process of de-regulating the stock market, the banking industry, and the commodities exchanges. All this was done under the banner of promoting free market capitalism. However it ignored the bad side of greed.

This lead to a lot of increased consumption on the part of many, because credit/money became easily available, albeit at 24% interest. As we all got used to consumption, we found other ways to get at money - re-finance the house & take cash out - 5 year car loans (they used to be 3 years max), and all kinds of other schemes, even payday loans at 300%+ interest.

Money was easy to come by because as long as you were willing to pay the interest rate charged, you could have more.

The economy expanded and all was well.

This scheme works fine until you can't afford to pay at least the interest. Then it all falls apart. That is where we are now.

All those people and businesses who made that money available to us made their commissions, and then sold the loans to banks and others around the world, claiming they were low risk securities. Everyone involved gets a cut each time these articles are traded. The brokers who did this were paid based on the business written (quantity), not on the quality of the loans. There was simply no regulation, no incentive to worry about the consumer's ability to repay what they had borrowed. As we have seen, this lead to blatantly fraudulent loans being issued to people who did not have a prayer of repaying them.

All good times come to an end. They have been obviously been coming for at least a few years now, but finally reached critical mass this summer. The warning signs started a few years ago, but we just kept on saying that these were just a few anomalies and that everything was sound. Now the bad paper is spread all over the world, and everyone is panicking.

The real problem is not the loss of value represented by the bad paper. It is the loss of trust among the players in the financial markets. Banks this week are reluctant to lend each other money, much less us. This is bringing world finance and the flow of money to a screeching halt.

This bailout is supposed to remove some of the bad paper from the market, and somehow restore confidence among the banks, so that they will continue to make each other and us loans.

I seriously doubt that it will work, even if passed, and eventually (in 20+ years) the government gets all the money back like it has done with the last big crash of savings and loans about 18 years ago.

The best the bailout will do is minimize the recession that is coming. And for that, it may be worth it, no matter how reluctantly we finally accept that fact.

Trust in the system has been destroyed, and just taking the bad loans off the table won't restore it. We will require tighter regulation of the markets and banks for a while to get confidence back. That, too will come in the near future.

There has never been a free lunch. The bill for 35 years of collective overspending is now due.
Your timeline and claimed causation is off.

Quote:
...Although CRA-covered lenders originate the greatest number of loans in LMI neighborhoods and to LMI borrowers, these lenders focus primarily on prime lending. As a result, LMI borrowers with impaired credit often turn to non-bank lenders - some of whom are predatory lenders - for subprime loans. Between 1993 and 1998, there was a tremendous surge in lending to LMI borrowers. CRA-covered institutions accounted for eighty-three percent of the growth in prime loans to these borrowers. 52 In contrast, CRA-covered institutions were responsible for only fifteen percent of the increase in subprime loans during the same period. 53 Subprime lenders not covered by CRA accounted for two-thirds of the increase in subprime mortgages. 54 The failure of CRA-covered institutions to meet the demand for subprime loans in LMI neighborhoods runs counter to CRA's goal for banks to "serve the credit needs of their entire communities." 55...
THE COMMUNITY REINVESTMENT ACT: TWENTY-FIVE YEAR ANNIVERSARY: THE CRA IMPLICATIONS OF PREDATORY LENDING

NAME: Kathleen C. Engel and Patricia A. McCoy

Attorney-at-Law: Doing my part to contribute to the downfall of western society.
Rob, Esq. is offline  
post #17 of 71 (permalink) Old 09-30-2008, 10:33 PM Thread Starter

 
resurrection's Avatar
 
Join Date: Aug 2007
Location: parkforest IL
Posts: 5,620
Location: parkforest IL
Sportbike: lots
Years Riding: all of them
How you found us: grasshopper
           
Slow down Rob you lost me
Please give that to me in jiberish .

Gus
We offer three kinds of service @ Resurrection
GOOD - CHEAP - FAST
You can pick any two
GOOD service CHEAP won't be FAST
GOOD service FAST won't be CHEAP
FAST service CHEAP won't be GOOD
and cold beer.

I'd love to help but I don't chase parts.
Please contact other forum members and supporters for parts.
resurrection is offline  
post #18 of 71 (permalink) Old 09-30-2008, 10:36 PM Thread Starter

 
resurrection's Avatar
 
Join Date: Aug 2007
Location: parkforest IL
Posts: 5,620
Location: parkforest IL
Sportbike: lots
Years Riding: all of them
How you found us: grasshopper
           
Bad lending on purpose?

Gus
We offer three kinds of service @ Resurrection
GOOD - CHEAP - FAST
You can pick any two
GOOD service CHEAP won't be FAST
GOOD service FAST won't be CHEAP
FAST service CHEAP won't be GOOD
and cold beer.

I'd love to help but I don't chase parts.
Please contact other forum members and supporters for parts.
resurrection is offline  
post #19 of 71 (permalink) Old 09-30-2008, 10:45 PM
Registered User
 
Join Date: Jun 2007
Location: Burbs
Posts: 946
Location: Burbs
Sportbike: ??<-COMING SOON
Years Riding: 1
How you found us: Some dude
           
Quote:
Originally Posted by resurrection View Post
Bad lending on purpose?
I could see that, a lot of these brokers and underwriters were getting paid by how many loans they fund, thus they would tweak the #'s to get paid, no actual verification on income. I know first hand that this happened not to say I was part of it.
Crazy Train is offline  
post #20 of 71 (permalink) Old 09-30-2008, 10:48 PM
Failed rehab
 
Rob, Esq.'s Avatar
 
Join Date: Aug 2005
Location: Indy
Posts: 14,908
Location: Indy
Sportbike: Striple
Years Riding: Dunno, awhile?
How you found us: DML
           
Send a message via AIM to Rob, Esq. Send a message via MSN to Rob, Esq.
Quote:
Originally Posted by resurrection View Post
Slow down Rob you lost me
Please give that to me in jiberish .
De-regulation had little to do with it. The Gov't, since 1977 and with renewed interest by the Clinton admin REQUIRED private lenders to make subprime loans. This was on top of the almost entirely subprime lending done by Fannie Mae and Freddie Mac, who by the way were Gov't backed entities....kinda corporate, kinda Gov't agency.

more explanation here
https://www.chicagolandsportbikes.com...=1#post1248856

Attorney-at-Law: Doing my part to contribute to the downfall of western society.
Rob, Esq. is offline  
post #21 of 71 (permalink) Old 09-30-2008, 10:48 PM
Registered User
 
beac83's Avatar
 
Join Date: Jun 2008
Location: Morgan Park, IL
Posts: 3,759
Location: Morgan Park, IL
Sportbike: A couple
Years Riding: too long to have any sense
How you found us: NESBA
           
Quote:
Originally Posted by resurrection View Post
Bad lending on purpose?
Yes, I think so, to up the sales numbers. The pressure to produce is high. Small variances or things that can be claimed to be "overlooked" are small individually, but allow a loan to be approved when it shouldn't. Also, loan products were offered that allowed all the parties to "look the other way" as long as the rate was paid (think no-doc loans).

Also, loans with ballooning interest rates/ outrageous caps, super low teaser rates, interest only loans, loans made with the eye only to being able to repay the initial rate (for the initial period), not the full amount of loan and interest - yes, I think these were practices used and I believe they are by definition bad loans written on purpose.

In my book any error or omission by any party in performing due diligence in the application/underwriting process results in a fraudulent loan. I realize that under the regulations at the time, these were not illegal, but just because they were legal doesn't make them good loans.

If done on a systematic basis, such as it appears to have been done at certain places, I can only conclude that it was done on purpose.

Craig
________________
beac83 is offline  
post #22 of 71 (permalink) Old 09-30-2008, 10:54 PM
Irony helps us play!
 
Arch's Avatar
 
Join Date: Jan 2006
Location: N'ville
Posts: 29,508
Location: N'ville
Sportbike: 2000 F4
Years Riding: Long enough to know better
How you found us: some hot MILF whispered it in my ear
           
Loopholes, oversights and clerical errors that people drive trucks through to make billions of dollars exploiting are not 'on accident'.

Everyone Exaggerates

We're being taken for a ride... agaaaaaaain.....


Best Auto/Moto Insurance | Motorcycle Protection Today | FREE Trade-In Quote
Arch is offline  
post #23 of 71 (permalink) Old 09-30-2008, 10:56 PM
he who is absent foreskin
 
Loki047's Avatar
 
Join Date: Jul 2008
Location: Northshore - Deerfield
Posts: 5,704
Location: Northshore - Deerfield
Sportbike: Z1000
Years Riding: 3 years
How you found us: Search Engine
           
Send a message via AIM to Loki047
Who cares, Start buying stuff up unless you think the US is done for good.

My investments get better and better each day.
Loki047 is offline  
post #24 of 71 (permalink) Old 09-30-2008, 10:58 PM
Irony helps us play!
 
Arch's Avatar
 
Join Date: Jan 2006
Location: N'ville
Posts: 29,508
Location: N'ville
Sportbike: 2000 F4
Years Riding: Long enough to know better
How you found us: some hot MILF whispered it in my ear
           
Quote:
Originally Posted by Loki047 View Post
Who cares, Start buying stuff up unless you think the US is done for good.

My investments get better and better each day.
This isn't the dead cat bounce...


... yet

Everyone Exaggerates

We're being taken for a ride... agaaaaaaain.....


Best Auto/Moto Insurance | Motorcycle Protection Today | FREE Trade-In Quote
Arch is offline  
post #25 of 71 (permalink) Old 09-30-2008, 10:59 PM
Registered User
 
beac83's Avatar
 
Join Date: Jun 2008
Location: Morgan Park, IL
Posts: 3,759
Location: Morgan Park, IL
Sportbike: A couple
Years Riding: too long to have any sense
How you found us: NESBA
           
Quote:
Originally Posted by Rob View Post
Your timeline and claimed causation is off.



THE COMMUNITY REINVESTMENT ACT: TWENTY-FIVE YEAR ANNIVERSARY: THE CRA IMPLICATIONS OF PREDATORY LENDING

NAME: Kathleen C. Engel and Patricia A. McCoy
The effects of various activities take years to surface. The report indicating sub-prime lending problems in the 1990's does not mean it started then. It means it started to be noticed then.

I haven't cited specific dates in my earlier post, nor have I tried to project my post as verified fact. Rather I posted an overview as I see it of the manipulation of the American economy over the last 35 years as it relates in my mind to where we have arrived at today. It is my opinion only. Take it or leave it for what it is worth. I'm not writing a Master's thesis here.

Craig
________________
beac83 is offline  
post #26 of 71 (permalink) Old 09-30-2008, 11:02 PM Thread Starter

 
resurrection's Avatar
 
Join Date: Aug 2007
Location: parkforest IL
Posts: 5,620
Location: parkforest IL
Sportbike: lots
Years Riding: all of them
How you found us: grasshopper
           
After these banks fail they pay millions in severance to the ceo's that ran them out of bus.????

Gus
We offer three kinds of service @ Resurrection
GOOD - CHEAP - FAST
You can pick any two
GOOD service CHEAP won't be FAST
GOOD service FAST won't be CHEAP
FAST service CHEAP won't be GOOD
and cold beer.

I'd love to help but I don't chase parts.
Please contact other forum members and supporters for parts.
resurrection is offline  
post #27 of 71 (permalink) Old 09-30-2008, 11:04 PM
Irony helps us play!
 
Arch's Avatar
 
Join Date: Jan 2006
Location: N'ville
Posts: 29,508
Location: N'ville
Sportbike: 2000 F4
Years Riding: Long enough to know better
How you found us: some hot MILF whispered it in my ear
           
Quote:
Originally Posted by resurrection View Post
After these banks fail they pay millions in severance to the ceo's that ran them out of bus.????
Hey man.. some people can't settle for anything less than a mint on the pillow. Those ivory back scratchers aren't cheap either.

Everyone Exaggerates

We're being taken for a ride... agaaaaaaain.....


Best Auto/Moto Insurance | Motorcycle Protection Today | FREE Trade-In Quote
Arch is offline  
post #28 of 71 (permalink) Old 09-30-2008, 11:06 PM Thread Starter

 
resurrection's Avatar
 
Join Date: Aug 2007
Location: parkforest IL
Posts: 5,620
Location: parkforest IL
Sportbike: lots
Years Riding: all of them
How you found us: grasshopper
           
Quote:
Originally Posted by beac83 View Post
The effects of various activities take years to surface. The report indicating sub-prime lending problems in the 1990's does not mean it started then. It means it started to be noticed then.

I haven't cited specific dates in my earlier post, nor have I tried to project my post as verified fact. Rather I posted an overview as I see it of the manipulation of the American economy over the last 35 years as it relates in my mind to where we have arrived at today. It is my opinion only. Take it or leave it for what it is worth. I'm not writing a Master's thesis here.
Facts are hard to put into a theary but I dig what your saying .I feel you may have my same sentaments .

Gus
We offer three kinds of service @ Resurrection
GOOD - CHEAP - FAST
You can pick any two
GOOD service CHEAP won't be FAST
GOOD service FAST won't be CHEAP
FAST service CHEAP won't be GOOD
and cold beer.

I'd love to help but I don't chase parts.
Please contact other forum members and supporters for parts.
resurrection is offline  
post #29 of 71 (permalink) Old 09-30-2008, 11:14 PM
Registered User
 
chibeemer's Avatar
 
Join Date: Apr 2003
Location: Chicago
Posts: 2,047
Location: Chicago
Sportbike: BMW R1100s
Years Riding: 13
How you found us: Rider
           
Quote:
Originally Posted by resurrection View Post
those of us that have lived within our means .simple home ,practical car ,low credit card dept,you know who you are .

How do you feel about people that got themselfs and this whole bank mess thing rolling.

I'm alittle BITTER I've spent over 40yrs playing by the rules (living within my means)and these people have put all of us in this money mess.

Maybe I should say this greedy mind set caused this whole dam mess IMHO
I don't try to live within my means so I can say "told ya so." I try to do it so that I can sleep at night. I've got enough worries on my mind as it is. I can't afford to worry too much about the fella next door.

That said, my neighbor defaulting on his home doesn't sit well with my home value either. So I wish them the best. Just not sure what I can do.

Something I heard about today: Difference between a recession and a depression? A recession is when your neighbor looses his job. A depression is when you loose yours.

Blah, Blah, Blah

Get your Portable ID!
chibeemer is offline  
post #30 of 71 (permalink) Old 09-30-2008, 11:21 PM Thread Starter

 
resurrection's Avatar
 
Join Date: Aug 2007
Location: parkforest IL
Posts: 5,620
Location: parkforest IL
Sportbike: lots
Years Riding: all of them
How you found us: grasshopper
           
You read that as ''I told you so''
No I think you miss understood me I called them Greedy Ass holes.

Gus
We offer three kinds of service @ Resurrection
GOOD - CHEAP - FAST
You can pick any two
GOOD service CHEAP won't be FAST
GOOD service FAST won't be CHEAP
FAST service CHEAP won't be GOOD
and cold beer.

I'd love to help but I don't chase parts.
Please contact other forum members and supporters for parts.

Last edited by resurrection; 09-30-2008 at 11:23 PM.
resurrection is offline  
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Chicagoland Sportbikes forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome