Mainecat
Nice Kitty OUCH!!!
Joined: 05/15/2001
View Profile
 Offline
|
Rick27 wrote:Mainecat wrote:Long time cat man wrote:The banks failed! Just like that eh?? No accountability, no one was in charge, no regulators were discouraged or pressured not to do their jobs? They just failed on their own eh???  BTW....Ken you have a business, MC has one, I know a few others who have one. Did any of you people have trouble getting money to pay your employees, or for any other operations?? jus askin. The big threat was no money and the banks drying up......never heard of anyone I know of having that problem. Sounded like BS to me!
My vendors cut their terms in half in the last 2 weeks. Short term credit was just about gone. When banks aren't lending each other money it's bad.
The bank isn't your partner. Run the business with the money it generates and if it isn't bringing in enough, close and take a number at the soup line.
Really you don't use any short term credit? You pay all your bills with cash? I find that hard to believe or you just do not understand manufacturing.
|
RIGGS1
WISCONSIN
Joined: 03/19/2003
View Profile
|
Did you know eBay was founded in San Jose, California, on September 3, 1995 by French-born Iranian computer programmer Pierre Omidyar as AuctionWeb and soon called it ebay ; named after the Ebola virus.
|
Rick27
michigan
Joined: 01/30/2006
View Profile
|
Mainecat wrote:Rick27 wrote:Mainecat wrote:Long time cat man wrote:The banks failed! Just like that eh?? No accountability, no one was in charge, no regulators were discouraged or pressured not to do their jobs? They just failed on their own eh??? BTW....Ken you have a business, MC has one, I know a few others who have one. Did any of you people have trouble getting money to pay your employees, or for any other operations?? jus askin. The big threat was no money and the banks drying up......never heard of anyone I know of having that problem. Sounded like BS to me!
My vendors cut their terms in half in the last 2 weeks. Short term credit was just about gone. When banks aren't lending each other money it's bad.
The bank isn't your partner. Run the business with the money it generates and if it isn't bringing in enough, close and take a number at the soup line.
Really you don't use any short term credit? You pay all your bills with cash? I find that hard to believe or you just do not understand manufacturing.
No I don't use any kind of credit. If I can't afford it I don't buy it. That means it will always be MY business not some silent partner that doesn't contribute to the day to day operation. I use my bank as a holding and dispersal place and nothing more. There is no credit crunch for people or businesses that live within their means, MC. The money is still being lent to people that have the collateral to put against the loan. The no money down or unsecured loans are the ones that have dryed up and if they had done this all along there wouldn't be a problem today.
|
Rick27
michigan
Joined: 01/30/2006
View Profile
|
RIGGS1 wrote:Did you know eBay was founded in San Jose, California, on September 3, 1995 by French-born Iranian computer programmer Pierre Omidyar as AuctionWeb and soon called it ebay ; named after the Ebola virus.
If you think about it in real time, that isn't all that long after AL GORE invented the internet.
|
Mainecat
Nice Kitty OUCH!!!
Joined: 05/15/2001
View Profile
Offline
|
Rick27 wrote:Mainecat wrote:Rick27 wrote:Mainecat wrote:Long time cat man wrote:The banks failed! Just like that eh?? No accountability, no one was in charge, no regulators were discouraged or pressured not to do their jobs? They just failed on their own eh??? BTW....Ken you have a business, MC has one, I know a few others who have one. Did any of you people have trouble getting money to pay your employees, or for any other operations?? jus askin. The big threat was no money and the banks drying up......never heard of anyone I know of having that problem. Sounded like BS to me!
My vendors cut their terms in half in the last 2 weeks. Short term credit was just about gone. When banks aren't lending each other money it's bad.
The bank isn't your partner. Run the business with the money it generates and if it isn't bringing in enough, close and take a number at the soup line.
Really you don't use any short term credit? You pay all your bills with cash? I find that hard to believe or you just do not understand manufacturing.
No I don't use any kind of credit. If I can't afford it I don't buy it. That means it will always be MY business not some silent partner that doesn't contribute to the day to day operation. I use my bank as a holding and dispersal place and nothing more. There is no credit crunch for people or businesses that live within their means, MC. The money is still being lent to people that have the collateral to put against the loan. The no money down or unsecured loans are the ones that have dryed up and if they had done this all along there wouldn't be a problem today.
You don't understand it.
Nope its the short term money thats dried up that funds 70% of America's businesses. You know the sled dealer that has inventory, the parts manufacturer that has raw materials etc.
|
4th ski-doo
Chicago
Joined: 11/22/2001
View Profile
Offline
|
Mainecat wrote:Long time cat man wrote:The banks failed! Just like that eh?? No accountability, no one was in charge, no regulators were discouraged or pressured not to do their jobs? They just failed on their own eh??? BTW....Ken you have a business, MC has one, I know a few others who have one. Did any of you people have trouble getting money to pay your employees, or for any other operations?? jus askin. The big threat was no money and the banks drying up......never heard of anyone I know of having that problem. Sounded like BS to me!
My vendors cut their terms in half in the last 2 weeks. Short term credit was just about gone. When banks aren't lending each other money it's bad.
$700 billion on red, and the winner is BLACK. So sorry.
This was the dumbest thing I've ever heard let alone seen! All markets predicted to tank all week anyways, all internationals down right now.
Give ME, and us all the money! $1million each, NO more welfare, national health care, bailouts, just give me the money.
|
Long time cat man
100 miles N. of Motor City
Joined: 01/22/2003
View Profile
|
Only asked because a friend here I ride bikes with who has a construction, excavating business was not affected by it. At least not before the bail out.
|
RIGGS1
WISCONSIN
Joined: 03/19/2003
View Profile
|
What kinda bike does your friend have? Road King, FLHX, Duece, Night Train, Fat Boy, Sporty, Ultra, Heritage?
|
Long time cat man
100 miles N. of Motor City
Joined: 01/22/2003
View Profile
|
RIGGS1 wrote:What kinda bike does your friend have? Road King, FLHX, Duece, Night Train, Fat Boy, Sporty, Ultra, Heritage?
Raleigh..............with push pedals!  Actually he does have a Kawasaki Vulcan and was trying to get me to buy a road bike of some kind. Never was into motorcycles and not going to start now.
|
Xtreme XC
Hoosier Daddy!!!! Angola, IN
Joined: 05/14/2001
View Profile
Offline
|
Mainecat wrote:
Really you don't use any short term credit? You pay all your bills with cash? I find that hard to believe or you just do not understand manufacturing.
I don't use Credit Cards... only if I have to for work, then it get's paid off after I get my expense check. I have no credit card debt. I pay my general bills with cash. Car and House is only ties with bank... just wish I would say the same for wifey.
http://www.cheersandgears.com/forums/index.php?showtopic=26267
|
