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POTUS 45.11: Attack! Repeat. Atrack!!!

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Re: POTUS 45.11: Attack! Repeat. Atrack!!!

So not only is the Saudi arms deal fake, not only is the infrastructure deal fake (that wasn't a bill nor an executive order he signed at that tiny little table it was a "wish list") there is no actual tax plan ("Cuts for everybody!!") moving through Congress.

The actual fake news that's generated daily is whenever Trump opens his mouth.:D
 
Re: POTUS 45.11: Attack! Repeat. Atrack!!!

The Sicatoka said:
FYP.

First rule of business: When you're out of cash (liquidity), you're out of business.
Click to expand...

Dumb question: why?

As long as you have assets you can borrow against them, thus creating more cash.
 
Re: POTUS 45.11: Attack! Repeat. Atrack!!!

Kepler said:
Dumb question: why?

As long as you have assets you can borrow against them, thus creating more cash.
Click to expand...

You assume someone wants to use your assets as collateral. The asset may not be worth the balance sheet claim (cough-Enron-cough) or be under performing or, worse, taking a loan against the asset will mess up your equity ratios (and affect the interest rates you'll pay which again raises your monthly cash needs*).


*See: downward spiral
 
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Re: POTUS 45.11: Attack! Repeat. Atrack!!!

The Sicatoka said:
You assume someone wants to use your assets as collateral. The asset may not be worth the balance sheet claim (cough-Enron-cough) or be under performing or, worse, taking a loan against the asset will mess up your equity ratios (and affect the interest rates you'll pay which again raises your monthly cash needs*).


*See: downward spiral
Click to expand...

It's interesting that you think it won't happen. But it has for multi-billion dollar companies.

Ford used the Ford logo and the F150 brand name as collateral when they were $20B in debt. These are not plants that can be salvaged, or office buildings which can be sold to other people, these are just brand names or images.

And that money was used to pull out of the bottom.
 
Re: POTUS 45.11: Attack! Repeat. Atrack!!!

alfablue said:
It's interesting that you think it won't happen. But it has for multi-billion dollar companies.
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I'm on a board in an industry where they won't loan against your assets when you're distressed; they'll just buy you out and take over.

In the case of Ford you cite, they made the loan. Good for Ford; good for the lender if they wanted the assets (if Ford didn't pull up).

In the case of Trump, who wants those assets, or to loan against, right now? The backlash and PR nightmares alone would make any lender take pause.
 
Re: POTUS 45.11: Attack! Repeat. Atrack!!!

The Sicatoka said:
I'm on a board in an industry where they won't loan against your assets when you're distressed; they'll just buy you out and take over.

In the case of Ford you cite, they made the loan. Good for Ford; good for the lender if they wanted the assets (if Ford didn't pull up).

In the case of Trump, who wants those assets, or to loan against, right now? The backlash and PR nightmares alone would make any lender take pause.
Click to expand...

I'm not talking about don's situation, but the sweeping generality statement.

But about don- I don't think he cares about PR if he can make another buck.
 
Re: POTUS 45.11: Attack! Repeat. Atrack!!!

The GOP self-referential toilet glugs along with Trump nominating Christie's Bridgegate attorney for head of FBI.
 
Re: POTUS 45.11: Attack! Repeat. Atrack!!!

I've been seeing some tweets this morning referencing Hillary and slaves. Did I miss a story somewhere?
 
Scarlet said:
I've been seeing some tweets this morning referencing Hillary and slaves. Did I miss a story somewhere?
Click to expand...

Apparently in her book, she talks about how prison inmates, all or mostly African-American, staffed the governor's mansion in Arkansas. And apparently inmates in Arkansas (and several other states) are not paid for work.
 
Re: POTUS 45.11: Attack! Repeat. Atrack!!!

unofan said:
Apparently in her book, she talks about how prison inmates, all or mostly African-American, staffed the governor's mansion in Arkansas. And apparently inmates in Arkansas (and several other states) are not paid for work.
Click to expand...

To me, that sounds like punishment of a crime whereof the party has been duly convicted.
 
French Rage said:
To me, that sounds like punishment of a crime whereof the party has been duly convicted.
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I'm not saying I agree (though the optics are bad, either way). I'm just forwarding on what I found.

Personally, I think it's bullshiat that inmates are exempt from minimum wage laws when they perform actual work, but that's for another thread.
 
Re: POTUS 45.11: Attack! Repeat. Atrack!!!

unofan said:
I'm not saying I agree (though the optics are bad, either way). I'm just forwarding on what I found.

Personally, I think it's bullshiat that inmates are exempt from minimum wage laws when they perform actual work, but that's for another thread.
Click to expand...

I know, no worries. I also like how the articles frame it like this was completely Hillary's idea. Like it wasn't a practice that was already taking place there and many other states, no, it was her deciding personally to bring in people on chains to vacuum her floors or something.
 
Re: POTUS 45.11: Attack! Repeat. Atrack!!!

You must admit that that is quite the bombshell to find out she was governor of Arkansas though.

(But seriously, if the idiot brigade wants to have a discussion about criminal justice reform, then by all means. It certainly isn't our side holding back changes).
 
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