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OT: Unbelievable!!

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  • OT: Unbelievable!!

    I'm really tired of this bullshit! The Lakers take $4.6 Million from the stimulus package and then act like it was a mistake and give it back. If it was a mistake why the hell did you APPLY for the money in the first place?



    https://www.cnn.com/2020/04/27/busin...=1588068782884
    Official Driver of the Eagles Bandwagon!!!
    Bleedin' Green since birth!

    "Do not regret growing older. It is a privilege denied to many." - Mike Willey

    ”Enjoy The Ride!!!” - Bob Marcus

  • #2
    A lot of that going around! The problem is/was, as it is most times, Congress, they write bills half-assed.

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    • #3
      Yeah, whenever the gov't is involved they screw things up.
      "Hey Giants, who's your Daddy?"

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      • #4
        Juk, lots of that going on. Some big operations are returning the money but how in the hell it happens is beyond me.
        My son has 13 loan officers. All struggling to keep up with demand. They work 6-7 days a week during this and still are turning away customers from other banks that do not do SBA loans. The rules from the SBA change daily or faster making it hard for bank exposure. He has one nursing home that grabbed 1.2 mil. That nursing home isn't losing any money because the people or Medicare or Medicaid is still paying. They kept all of their staff because they still have the residents. So the loan will be forgiven and they just grabbed a free 1.2 mil.
        I still know people at the base. The motor pool has 20+ civilian mechanics. The military implemented a program whereby half of them work this week and the other half next week. When not working you stay home but not much a mechanic can do at home. Yet they all get $40.00 + an hour whether at home or at work. It amazes me
        Wait until next year is a terrible philosophy
        Hope is not a strategy
        RIP

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        • #5
          Originally posted by NoDakIggle View Post
          Juk, lots of that going on. Some big operations are returning the money but how in the hell it happens is beyond me.
          My son has 13 loan officers. All struggling to keep up with demand. They work 6-7 days a week during this and still are turning away customers from other banks that do not do SBA loans. The rules from the SBA change daily or faster making it hard for bank exposure. He has one nursing home that grabbed 1.2 mil. That nursing home isn't losing any money because the people or Medicare or Medicaid is still paying. They kept all of their staff because they still have the residents. So the loan will be forgiven and they just grabbed a free 1.2 mil.
          I still know people at the base. The motor pool has 20+ civilian mechanics. The military implemented a program whereby half of them work this week and the other half next week. When not working you stay home but not much a mechanic can do at home. Yet they all get $40.00 + an hour whether at home or at work. It amazes me
          And yet the small architecture firm I was with has a total of 14 employees plus 3 Principals and they were turned down for a loan. They laid off 4 of us, cut the hours in half for 3 others (who will likely be laid off within the next 2-3 weeks when their projects are finished). So these guys will go from 14 employees to 7 because shit heads like the Lakers, Shake Shack and likely thousands of others like that nursing home don’t give a shit about right or wrong as long as they can line their pockets. The older I get the more I am disgusted at the complete lack of empathy for others when it comes to business.

          When I was an undergrad I took a business ethics course. I still remember the first assignment which was based on a real life event at Lake Norman NC in the 70’s. Duke Power had abandoned an old right of way to build a railroad around the lake to carry coal to a power plant. They never built it and the easement was simply forgotten until a lawyer was buying a multimillion dollar home on the lake and learned of the right of way. He approached Duke power and ended up buying the easement. Then told his new neighbors they had to buy back the easement as a group or he would enforce the right of way, which in many cases would make the homes worthless. Our assignment was to write whether we agreed with this opportunity path or not and if not what would we do differently.

          After we turned in the paper we learned that the neighbors took the guy to court and after the hearing the easement was revoked and the lawyer got screwed out of the easement purchase price. He only lost the case because he didn’t have the means to actually build the train tracks and didn’t have any agreements with a locomotive company to operate there. Without those, his claim was nothing more than extortion. The lesson in all of this wasn’t whether the lawyer had done the right thing by purchasing the easement. It was that there are no ethics in business there is only opportunity and cost analysis. I should have learned my lesson then but to this day I somehow stupidly still expect companies to have a sense of community and compassion for those in the communities they serve. Instead they only have investors to satisfy and customers to placate..
          Official Driver of the Eagles Bandwagon!!!
          Bleedin' Green since birth!

          "Do not regret growing older. It is a privilege denied to many." - Mike Willey

          ”Enjoy The Ride!!!” - Bob Marcus

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          • #6
            Load the trough and then walk away as the hogs rush in to feed...

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