tag:blogger.com,1999:blog-4558414868841065735.post7346896120098225488..comments2023-11-03T04:37:47.903-05:00Comments on Dead Spot on the Web: Life, Liberty, and the Pursuit of Net Profitsdeadspothttp://www.blogger.com/profile/04269304319838438877noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4558414868841065735.post-39125322875099131602008-09-30T08:21:00.000-05:002008-09-30T08:21:00.000-05:00Throw me a link to your blog, Genn. I've run acros...Throw me a link to your blog, Genn. I've run across it before, and I know it's somewhere in Johnny's guide to the blogosphere, but I can never remember the name, and I can't view your profile.<BR/><BR/>On Monday, I heard that they were talking about adding some sort of equity trade to the bail out where the government would buy bad debt but would get some kind of equity in return.<BR/><BR/>It all begs the question of why we're bailing out <I>companies</I> instead of <I>people</I> though. If the problem is that people can't pay their loans, and we're going to suck up the value of the loans, why don't we just pay the damn loans?<BR/><BR/>My other degree was in the college of buisiness. I'm well acquainted with the <A HREF="http://www.eiu.edu/~lumpkin/" REL="nofollow">Lumpkinproletariat</A>. If you've ever been in class with these geniuses, you're not surprised that we're in this mess.deadspothttps://www.blogger.com/profile/04269304319838438877noreply@blogger.comtag:blogger.com,1999:blog-4558414868841065735.post-87912007378857604782008-09-29T09:06:00.000-05:002008-09-29T09:06:00.000-05:00When I was a grad assistant at our good old alma m...When I was a grad assistant at our good old alma mater, Eastern Illiinois University, occasionally teaching the required State and Local government class, you could always quickly spot the Business majors:<BR/><BR/>"Um, will that be on the test?"Johnny Yenhttps://www.blogger.com/profile/06561248220244037567noreply@blogger.comtag:blogger.com,1999:blog-4558414868841065735.post-75305636668472812732008-09-29T08:40:00.000-05:002008-09-29T08:40:00.000-05:00To my knowledge, there are no stocks or warrants, ...To my knowledge, there are no stocks or warrants, though I know an actual plan has been hammered out over the weekend and may be different than the original idea, which was to purchase the bad debt and either resell to individuals as a home or sell them to other investors as a bundled loan package at auction. I wrote a blog earlier with the simplest explanation I could make for the whole mess. I read as many of the details of the bailout deal as I could without boring myself to sleep and that's what I found.gennifer6https://www.blogger.com/profile/12056581384747747528noreply@blogger.comtag:blogger.com,1999:blog-4558414868841065735.post-42015989633715514272008-09-26T16:52:00.000-05:002008-09-26T16:52:00.000-05:00I hope so. It sounded to me like they were just bu...I hope so. It sounded to me like they were just buying the bad loans, but I could easily be wrong.<BR/><BR/>As much as I've been whinging about this, you might think I'd read the details of the bailout plan carefully, but you'd be mistaken.deadspothttps://www.blogger.com/profile/04269304319838438877noreply@blogger.comtag:blogger.com,1999:blog-4558414868841065735.post-49649702037904415252008-09-26T12:40:00.000-05:002008-09-26T12:40:00.000-05:00I believe stock or warrants are supposed to be par...I believe stock or warrants are supposed to be part of the deal, right?<BR/><BR/>Although it wouldn't surprise me if getting rid of that provision is what the House Republicans are up to, among other things.vikkitikkitavihttps://www.blogger.com/profile/01501311175482530001noreply@blogger.com