check out this bank guy pic

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pahunkboy -> check out this bank guy pic (11/13/2008 12:33:13 PM)
http://www.huffingtonpost.com/ JPmorgan promises they wont use the pail out to pay salaries. hmm. then they must have a accounting method to rotate the money. Paulsen now saying the funds will go for stock and not toxic loans. i think i know why. so many are trying to get on the band wagon- this is his way of spending the money with out dealing with the line of power brokers. Funny thing is anyone on this board knew the bail out was a bad idea. American express is now a bank. the 30 day period was waved. in the great depression the prez called business in to his office. he told then to keep people employed, and keep operations, to borrow etc. When the guys got back home- they all- each- then did exactly what the prez asked then not to do. So the pain escalated. does anyone beleive this guy? just recall it was only months ago bankruptsy reform made it harder for persons to file. cc cos were grilled over business practices... the non answere and bull stanch

candystripper -> RE: check out this bank guy pic (11/13/2008 2:33:47 PM)
Well, Bush will be gone soon. Hopefully Obama knows an accountant -- maybe even an economist. I used to admire Greenspan so much. And I still think he's smart and well-intended. But the fact is, deflation is much harder for the government to correct than inflation. Obama will be sworn in -- what Jan 20th? Let's just hope we still have an economy left by then. Bush ought to be impeached for Treason. candystripper [sm=pole.gif]

popeye1250 -> RE: check out this bank guy pic (11/13/2008 3:06:05 PM)
PaHunk, that's why everyone should be incorporated, it's much easier for a "corporation" to file for bankruptcy than an individual. It also gives you a lot of protection from being sued, you can transfer your assets back and forth into a corporation. Or, just use the corporation as a "feeder."

HunterS -> RE: check out this bank guy pic (11/13/2008 3:34:45 PM)
quote: ORIGINAL: popeye1250 PaHunk, that's why everyone should be incorporated, it's much easier for a "corporation" to file for bankruptcy than an individual. It also gives you a lot of protection from being sued, you can transfer your assets back and forth into a corporation. Or, just use the corporation as a "feeder." So all of this ranting about people being responsible that you have been posting for the past three years is just so much "chin music" when it comes to you. You want everyone else to be responsible for their actions but you want to be exempt. Your post has all the ear marks of a phony two faced bullshitter. H.

UncleNasty -> RE: check out this bank guy pic (11/13/2008 10:23:48 PM)
quote: ORIGINAL: HunterS quote: ORIGINAL: popeye1250 PaHunk, that's why everyone should be incorporated, it's much easier for a "corporation" to file for bankruptcy than an individual. It also gives you a lot of protection from being sued, you can transfer your assets back and forth into a corporation. Or, just use the corporation as a "feeder." So all of this ranting about people being responsible that you have been posting for the past three years is just so much "chin music" when it comes to you. You want everyone else to be responsible for their actions but you want to be exempt. Your post has all the ear marks of a phony two faced bullshitter. H. In popeyes defense he is protecting himself via legitimate means. Being responsible to oneself is also important. There is nothing phony about self protection and self responsiblity. Uncle Nasty

candystripper -> RE: check out this bank guy pic (11/13/2008 11:37:17 PM)
I'm not sure exactly how an individual would conduct all their personal buisness inside a corporation shell. You cannot esacpe liability for your actions via the corporate viel, not can you escape your obligations to someone who suffers damages as a result of your negilgence or other tortious acts. Certainly you still have the same obligations to conform your conduct to the requirements of law or risk arrest or prosecution. Lots of folks are now 'judgment proof'. Wealthy people who faced high damage awards traditionally fled to Florida, where a 'home' can be homestead exempt form judgment reardless of whether it's worth $200,000 or $200 Million. The changes made to the Bankruptcy Code, IMO, are unconstituonal. Bankruptcy for individuals was a way the Founder's rejected the idea of debtor's prisions. It has alway been a mean by which an individual can get a new start. These credit card companies who pushed the debt vehicles onto unsuspecting people were behind the changes. Their greed is apalling. If the credit card companies did not excerise sound business judgment in whom they offered credit to, that's on them. I once received an offer for a credit card with a $300,000 limit. I was very tempted to accept, take the cash, pay off the house and file for bankruptcy. I never did it because it seemed unethical..but really, shouldn't I tell the bank why I want the money? What my credit-worthiness is? Don't they have the responsibility to lend only under circumstances in which they are likely to be repaid? candystripper [sm=pole.gif]

pahunkboy -> RE: check out this bank guy pic (11/14/2008 6:06:00 AM)
quote: ORIGINAL: popeye1250 PaHunk, that's why everyone should be incorporated, it's much easier for a "corporation" to file for bankruptcy than an individual. It also gives you a lot of protection from being sued, you can transfer your assets back and forth into a corporation. Or, just use the corporation as a "feeder." You are right. I agree.

HunterS -> RE: check out this bank guy pic (11/14/2008 12:15:06 PM)
quote: ORIGINAL: UncleNasty quote: ORIGINAL: HunterS quote: ORIGINAL: popeye1250 PaHunk, that's why everyone should be incorporated, it's much easier for a "corporation" to file for bankruptcy than an individual. It also gives you a lot of protection from being sued, you can transfer your assets back and forth into a corporation. Or, just use the corporation as a "feeder." So all of this ranting about people being responsible that you have been posting for the past three years is just so much "chin music" when it comes to you. You want everyone else to be responsible for their actions but you want to be exempt. Your post has all the ear marks of a phony two faced bullshitter. H. In popeyes defense he is protecting himself via legitimate means. Being responsible to oneself is also important. There is nothing phony about self protection and self responsiblity. Uncle Nasty So is it your belief that personal responsibility is the responsibility to protect your self and not being responsible for your actions? I never said being a corporation was illegal just unethical. Being on welfare is legal but you are one of the people who call that being irresponsible...letting the taxpayers pay your bills. By your definition that is "self protection and self responsibility" Like I told popeye your post has all the earmarks of a phony two faced bullshitter. You want others to be responsible for their actions but you want to protect your ass. H.

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