[eavesdropper]

[quote=briansd1]eavesdropper, 1/3 to 1/2 of potential homebuyers do not not quality for a conventional loan.

Corporations and salesmen are very good at inventing new gimmicks to bring in the customers, if we let them. Too bad that we, the people, are also the backstop when the bad debts pile up. What do they care? They’ll be long gone with their bonuses.[/quote]

If they’d only turn their imaginations and creativity to something that would prove slightly less risky and volatile to the international economy.

I’ve been saying that for fifteen years now. Truthfully, I’m not holding out much hope.

[eavesdropper]

[quote=briansd1]eavesdropper, 1/3 to 1/2 of potential homebuyers do not not quality for a conventional loan.

Corporations and salesmen are very good at inventing new gimmicks to bring in the customers, if we let them. Too bad that we, the people, are also the backstop when the bad debts pile up. What do they care? They’ll be long gone with their bonuses.[/quote]

If they’d only turn their imaginations and creativity to something that would prove slightly less risky and volatile to the international economy.

I’ve been saying that for fifteen years now. Truthfully, I’m not holding out much hope.

[eavesdropper]

[quote=flu]
Company CFO Chris Lidell notes that if GM can add just one more percent to the number of buyers – people with credit scores between 500 and 650 – that’s a “significant” benefit, as well as the additional leasing it can offer. And that one additional percent of subprime purchasers would still leave it in-line with the industry average.

[/quote]

AAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!! Make the madness stop.

[eavesdropper]

[quote=flu]
Company CFO Chris Lidell notes that if GM can add just one more percent to the number of buyers – people with credit scores between 500 and 650 – that’s a “significant” benefit, as well as the additional leasing it can offer. And that one additional percent of subprime purchasers would still leave it in-line with the industry average.

[/quote]

AAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!! Make the madness stop.

[eavesdropper]

[quote=flu]
Company CFO Chris Lidell notes that if GM can add just one more percent to the number of buyers – people with credit scores between 500 and 650 – that’s a “significant” benefit, as well as the additional leasing it can offer. And that one additional percent of subprime purchasers would still leave it in-line with the industry average.

[/quote]

AAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!! Make the madness stop.

[eavesdropper]

[quote=flu]
Company CFO Chris Lidell notes that if GM can add just one more percent to the number of buyers – people with credit scores between 500 and 650 – that’s a “significant” benefit, as well as the additional leasing it can offer. And that one additional percent of subprime purchasers would still leave it in-line with the industry average.

[/quote]

AAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!! Make the madness stop.

[eavesdropper]

[quote=flu]
Company CFO Chris Lidell notes that if GM can add just one more percent to the number of buyers – people with credit scores between 500 and 650 – that’s a “significant” benefit, as well as the additional leasing it can offer. And that one additional percent of subprime purchasers would still leave it in-line with the industry average.

[/quote]

AAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!! Make the madness stop.

[eavesdropper]

[quote=flu] Hm….On second thought… Hiring people to screw in lightbulbs could be expensive….

I mean, first we would need to hire a trainer to teach the proper way of screwing in a lightbulb.
Things that are educational in value like clockwise to tighten, counter-clockwise to loosen…Err…scratch that…I mean “righty->tighty…lefty->loosey….”

Then we would need to have someone fabricate warning label stickers per CA law to warn users that “This contents of the light bulb socket is known to made of things that the State of California deems could cause cancer”..

We would also need to make labels and stickers on the light bulb socket to warn installers that the socket contains live electricity, and that one should not stick their finger, tongue or other body parts into the socket. If we don’t, we could be sued for negligence.

We would need to hire someone else to affix these warning labels onto the socket, because you can’t have the same person screwing in the lightbulb doing the same job (union rules).

And then we would need to get workers comp insurance, just in case the sticker people slip and fall off the ladder.

And chances are, we now need to also fund 80% of a pension, provide PPO medical/dental/vision, and a company car to each person.

Hmmm… You know what. On second thought. Let’s not use lightbulbs. We’ll just buy a bunch of flashlights from China and pass them out. Since the folks we hired to screw in lightbulbs can’t be laid off, we’ll just send them home with pay while we idle the office with the lightbulb sockets. We’ll save money by not turning on those lights and using flashlights instead (forget about the salary we still have to pay the idle workers). We also might get lead and cadmium poisoning from the flashlights, but we won’t feel the full effect until years later anyway.[/quote]

Can’t we just get some of those “clap on, clap off” thingys for the lights? Seriously, I don’t think light will pose much of an issue. After all, laptops and desktop monitors emit a shitload of light when 70% of your staff is playing Tetris and surfing for porn.

I am NOT pulling these figures out of my ass. The SEC has published their latest labor cost/benefit analysis report in today’s Washington Post.

BTW, flu, if you keep showing this kind of attention to detail, it will be years before we’re able to clearly demonstrate that we’re in need of a bailout by the government. We have to clearly demonstrate some mind-boggling incompetence in order to qualify for one of those. I can’t help but feel that your heart’s just not in this.

[eavesdropper]

[quote=flu] Hm….On second thought… Hiring people to screw in lightbulbs could be expensive….

I mean, first we would need to hire a trainer to teach the proper way of screwing in a lightbulb.
Things that are educational in value like clockwise to tighten, counter-clockwise to loosen…Err…scratch that…I mean “righty->tighty…lefty->loosey….”

Then we would need to have someone fabricate warning label stickers per CA law to warn users that “This contents of the light bulb socket is known to made of things that the State of California deems could cause cancer”..

We would also need to make labels and stickers on the light bulb socket to warn installers that the socket contains live electricity, and that one should not stick their finger, tongue or other body parts into the socket. If we don’t, we could be sued for negligence.

We would need to hire someone else to affix these warning labels onto the socket, because you can’t have the same person screwing in the lightbulb doing the same job (union rules).

And then we would need to get workers comp insurance, just in case the sticker people slip and fall off the ladder.

And chances are, we now need to also fund 80% of a pension, provide PPO medical/dental/vision, and a company car to each person.

Hmmm… You know what. On second thought. Let’s not use lightbulbs. We’ll just buy a bunch of flashlights from China and pass them out. Since the folks we hired to screw in lightbulbs can’t be laid off, we’ll just send them home with pay while we idle the office with the lightbulb sockets. We’ll save money by not turning on those lights and using flashlights instead (forget about the salary we still have to pay the idle workers). We also might get lead and cadmium poisoning from the flashlights, but we won’t feel the full effect until years later anyway.[/quote]

Can’t we just get some of those “clap on, clap off” thingys for the lights? Seriously, I don’t think light will pose much of an issue. After all, laptops and desktop monitors emit a shitload of light when 70% of your staff is playing Tetris and surfing for porn.

I am NOT pulling these figures out of my ass. The SEC has published their latest labor cost/benefit analysis report in today’s Washington Post.

BTW, flu, if you keep showing this kind of attention to detail, it will be years before we’re able to clearly demonstrate that we’re in need of a bailout by the government. We have to clearly demonstrate some mind-boggling incompetence in order to qualify for one of those. I can’t help but feel that your heart’s just not in this.

[eavesdropper]

[quote=flu] Hm….On second thought… Hiring people to screw in lightbulbs could be expensive….

I mean, first we would need to hire a trainer to teach the proper way of screwing in a lightbulb.
Things that are educational in value like clockwise to tighten, counter-clockwise to loosen…Err…scratch that…I mean “righty->tighty…lefty->loosey….”

Then we would need to have someone fabricate warning label stickers per CA law to warn users that “This contents of the light bulb socket is known to made of things that the State of California deems could cause cancer”..

We would also need to make labels and stickers on the light bulb socket to warn installers that the socket contains live electricity, and that one should not stick their finger, tongue or other body parts into the socket. If we don’t, we could be sued for negligence.

We would need to hire someone else to affix these warning labels onto the socket, because you can’t have the same person screwing in the lightbulb doing the same job (union rules).

And then we would need to get workers comp insurance, just in case the sticker people slip and fall off the ladder.

And chances are, we now need to also fund 80% of a pension, provide PPO medical/dental/vision, and a company car to each person.

Hmmm… You know what. On second thought. Let’s not use lightbulbs. We’ll just buy a bunch of flashlights from China and pass them out. Since the folks we hired to screw in lightbulbs can’t be laid off, we’ll just send them home with pay while we idle the office with the lightbulb sockets. We’ll save money by not turning on those lights and using flashlights instead (forget about the salary we still have to pay the idle workers). We also might get lead and cadmium poisoning from the flashlights, but we won’t feel the full effect until years later anyway.[/quote]

Can’t we just get some of those “clap on, clap off” thingys for the lights? Seriously, I don’t think light will pose much of an issue. After all, laptops and desktop monitors emit a shitload of light when 70% of your staff is playing Tetris and surfing for porn.

I am NOT pulling these figures out of my ass. The SEC has published their latest labor cost/benefit analysis report in today’s Washington Post.

BTW, flu, if you keep showing this kind of attention to detail, it will be years before we’re able to clearly demonstrate that we’re in need of a bailout by the government. We have to clearly demonstrate some mind-boggling incompetence in order to qualify for one of those. I can’t help but feel that your heart’s just not in this.

[eavesdropper]

[quote=flu] Hm….On second thought… Hiring people to screw in lightbulbs could be expensive….

I mean, first we would need to hire a trainer to teach the proper way of screwing in a lightbulb.
Things that are educational in value like clockwise to tighten, counter-clockwise to loosen…Err…scratch that…I mean “righty->tighty…lefty->loosey….”

Then we would need to have someone fabricate warning label stickers per CA law to warn users that “This contents of the light bulb socket is known to made of things that the State of California deems could cause cancer”..

We would also need to make labels and stickers on the light bulb socket to warn installers that the socket contains live electricity, and that one should not stick their finger, tongue or other body parts into the socket. If we don’t, we could be sued for negligence.

We would need to hire someone else to affix these warning labels onto the socket, because you can’t have the same person screwing in the lightbulb doing the same job (union rules).

And then we would need to get workers comp insurance, just in case the sticker people slip and fall off the ladder.

And chances are, we now need to also fund 80% of a pension, provide PPO medical/dental/vision, and a company car to each person.

Hmmm… You know what. On second thought. Let’s not use lightbulbs. We’ll just buy a bunch of flashlights from China and pass them out. Since the folks we hired to screw in lightbulbs can’t be laid off, we’ll just send them home with pay while we idle the office with the lightbulb sockets. We’ll save money by not turning on those lights and using flashlights instead (forget about the salary we still have to pay the idle workers). We also might get lead and cadmium poisoning from the flashlights, but we won’t feel the full effect until years later anyway.[/quote]

Can’t we just get some of those “clap on, clap off” thingys for the lights? Seriously, I don’t think light will pose much of an issue. After all, laptops and desktop monitors emit a shitload of light when 70% of your staff is playing Tetris and surfing for porn.

I am NOT pulling these figures out of my ass. The SEC has published their latest labor cost/benefit analysis report in today’s Washington Post.

BTW, flu, if you keep showing this kind of attention to detail, it will be years before we’re able to clearly demonstrate that we’re in need of a bailout by the government. We have to clearly demonstrate some mind-boggling incompetence in order to qualify for one of those. I can’t help but feel that your heart’s just not in this.

[eavesdropper]

[quote=flu] Hm….On second thought… Hiring people to screw in lightbulbs could be expensive….

I mean, first we would need to hire a trainer to teach the proper way of screwing in a lightbulb.
Things that are educational in value like clockwise to tighten, counter-clockwise to loosen…Err…scratch that…I mean “righty->tighty…lefty->loosey….”

Then we would need to have someone fabricate warning label stickers per CA law to warn users that “This contents of the light bulb socket is known to made of things that the State of California deems could cause cancer”..

We would also need to make labels and stickers on the light bulb socket to warn installers that the socket contains live electricity, and that one should not stick their finger, tongue or other body parts into the socket. If we don’t, we could be sued for negligence.

We would need to hire someone else to affix these warning labels onto the socket, because you can’t have the same person screwing in the lightbulb doing the same job (union rules).

And then we would need to get workers comp insurance, just in case the sticker people slip and fall off the ladder.

And chances are, we now need to also fund 80% of a pension, provide PPO medical/dental/vision, and a company car to each person.

Hmmm… You know what. On second thought. Let’s not use lightbulbs. We’ll just buy a bunch of flashlights from China and pass them out. Since the folks we hired to screw in lightbulbs can’t be laid off, we’ll just send them home with pay while we idle the office with the lightbulb sockets. We’ll save money by not turning on those lights and using flashlights instead (forget about the salary we still have to pay the idle workers). We also might get lead and cadmium poisoning from the flashlights, but we won’t feel the full effect until years later anyway.[/quote]

Can’t we just get some of those “clap on, clap off” thingys for the lights? Seriously, I don’t think light will pose much of an issue. After all, laptops and desktop monitors emit a shitload of light when 70% of your staff is playing Tetris and surfing for porn.

I am NOT pulling these figures out of my ass. The SEC has published their latest labor cost/benefit analysis report in today’s Washington Post.

BTW, flu, if you keep showing this kind of attention to detail, it will be years before we’re able to clearly demonstrate that we’re in need of a bailout by the government. We have to clearly demonstrate some mind-boggling incompetence in order to qualify for one of those. I can’t help but feel that your heart’s just not in this.

[eavesdropper]

[quote=flu]…AND….

Sub-prime financing is back at GM via the (new) GM Financial….

http://www.autoblog.com/2010/10/03/gm-completes-buy-of-americredit-renaming-gm-financial/

LOL, we never learn do we?[/quote]

I didn’t get the memo. Were we supposed to?

I keep reading about how everyday American citizens lived far beyond their means for years, thus were disproportionately responsible for the meltdown. But I never read anything about how lenders (big banks, subprime merchandisers, and government-backed GSEs) can’t seem to back away from their risky lending practices. Guess it’s hard saying no to all that easy money…..

[eavesdropper]

[quote=flu]…AND….

Sub-prime financing is back at GM via the (new) GM Financial….

http://www.autoblog.com/2010/10/03/gm-completes-buy-of-americredit-renaming-gm-financial/

LOL, we never learn do we?[/quote]

I didn’t get the memo. Were we supposed to?

I keep reading about how everyday American citizens lived far beyond their means for years, thus were disproportionately responsible for the meltdown. But I never read anything about how lenders (big banks, subprime merchandisers, and government-backed GSEs) can’t seem to back away from their risky lending practices. Guess it’s hard saying no to all that easy money…..

[eavesdropper]

[quote=flu]…AND….

Sub-prime financing is back at GM via the (new) GM Financial….

http://www.autoblog.com/2010/10/03/gm-completes-buy-of-americredit-renaming-gm-financial/

LOL, we never learn do we?[/quote]

I didn’t get the memo. Were we supposed to?

I keep reading about how everyday American citizens lived far beyond their means for years, thus were disproportionately responsible for the meltdown. But I never read anything about how lenders (big banks, subprime merchandisers, and government-backed GSEs) can’t seem to back away from their risky lending practices. Guess it’s hard saying no to all that easy money…..

[Author]

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