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Is Main Street not able to get credit?

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I'm now thinking they're crying Wolf; I'm willing to risk it.
This is a Free Lunch - for Wall Street select-club members, whose deal is:
........... Heads - We Win
........... Tails - You Lose
........... :rof:........... :rof:
No Free Lunch for everyone else - in fact everyone else gets to pick-up their tab.
Bailing them out will only perpetuate that system.
 
I think another issue is small business owners in America are at all time highs (when I say small I mean under 10 employees), think about just our profession.

When was the last time you made a bad business decision that you called the Federal government to come bail you out of the bad business decision? We have all made bad business decisions, some worse than others , did you call your local Congressman to say " hey can you bail me out of this?".

I think the media keeps saying how small business owners are being hurt the most and we need this bail out, but the small business owners I know are saying stop bailing out the big companies!

Just imagine McDonald's closing up, do you think all the small mom & pop hamburger shops are going to be crying?

What about AMC's closing up because they can't get credit, do you think Appraisers are going to cry?:new_multi:

It seems the larger a company the bigger the risk and reward, well I'm sorry but as a small business owner I would be happy to deal with a bunch of small banks than one giant lender who then wants me to give a discount because of all the business they send me!
 
Maybe MickeyD's doesn't need to invest $100K per store to make
overprice

Frappuccino® Blended Coffee.
 
I significant number of of American Voters do not want this Bailout for the Debtors.
 
Commercial "paper" is drying up. I was informed today by a friend in the Oil Business that a couple of his clients are "laying down" drilling rigs (stacking or laying down means to stop using). Seems their lenders in NY are telling them they haven't got the cash to give to the drillers to pay the rigs, the crews, the landmen, etc...It isn't because the company cannot service their debts nor that there is no market for oil or gas. It is simply because they don't have cash...That's where the cash crunch starts. The dominoes go from one to the other rippling thru the economy. That is why the bail out has to happen and like WWII, we'll worry about prosecuting the Admirals asleep at Pearl Harbor later. The driller can't pay the rig contractor who cannot pay the welder who cannot pay the note on his truck and welder and then the auto dealer and the welding supplier have to repo and they have less cash coming in...so they lay off the mechanic and a salesman...who cannot make their house payment so some NY bank now owns....you see where this leads.
 
From Animal House, "Bull Ship"
I might not know 'run tickets' from 'depletion allowance' but, I'm more than wiling to
let the market sort this out. Everytime I drive down "main street" it looks just fine.
Banks make loans, CU makes loans to little people. Only thing that is different is
that the guys with the zoots suits don't get to pimp out their yachts. Oh, poor baby.
What, me afraid of the market? Try it, works everytime. Ignore it and you've
socialized the the privileged class.
 
We're lending in MN:shrug:
 
Yes, people with decent credit and a stable income can still get loans...as it should be. For people with shaky credit and a history of slow or no-payments, it's not as easy as before.

Imagine that, having to have good credit and a job to be able to get a loan...And I wouldn't loan McDonalds $100k per store to upgrade their coffee machines either - and wouldn't have prior to the current credit "crisis". That's akin to loaning the local teenagers $25k each to put bling-bling rims on their low riders. Banks have to consider the actual purpose of the loan...regardless of the economic climate.
I'd make the loan to McDonalds...why wouldn't you? They're going to make a killing selling McLattes! You'll see....
 
Re ; Best of Times & Worst of Times

Commercial "paper" is drying up. I was informed today by a friend in the Oil Business that a couple of his clients are "laying down" drilling rigs (stacking or laying down means to stop using). Seems their lenders in NY are telling them they haven't got the cash to give to the drillers to pay the rigs, the crews, the landmen, etc...It isn't because the company cannot service their debts nor that there is no market for oil or gas. It is simply because they don't have cash...That's where the cash crunch starts. The dominoes go from one to the other rippling thru the economy. That is why the bail out has to happen and like WWII, we'll worry about prosecuting the Admirals asleep at Pearl Harbor later.
==============================
Like your oil & gas & gasoline comments.

The ''dont have the cash to give the drillers'' maybe simply a wise & helpful lender familiar with the demand destruction of oil & gasoline & prices @ yearly lows.So the banking system would be working [not a credit crisis] .Bank was correct by tactfully turning down the loan, if i read that right.

Local New Holland tractor dealer said business was ''real slow'';
dont know the market for luxury coffee at retail.Like Exxon gas & oil but their luxury coffee is simply not worth the money, to me anyway, but Exxon is a helpful oil & gas co.
 
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