Comments on: The more things change…

By: Bing

Bing — Thu, 08 Jan 2009 01:30:37 +0000

Give him the loan and keep the Harley.

By: Jack Hammond Canada

Jack Hammond Canada — Thu, 08 Jan 2009 00:20:03 +0000

Bing you are right,,Nobody legit is offering 6%

But I need some advice, A local neigbourhood kid, lives a couple of doors down the street, has approached me for a small business loan.
It’s seems he has five friends that need 1500 bucks apiece for some commodity venture, he claims that if I front him the whole 7500 he will give me 10,000 in two weeks.
I’ve known this kid for many years and I would like to help him since he just got out of jail a short time ago…I have had his Harley cycle parked in my garage ever since he did his last bit…so I’m secure collateral wise…and I have known his mom for many years..a real nice lady who does a lot of volunter church work…

I realize that making a loan to a guy with a ring through his nose and tattos all over the place is different than a guy in a pinstriped suit….but the return is hard to pass up…

Whadda ya think…

By: Bing

Bing — Tue, 06 Jan 2009 19:33:23 +0000

Bernie! Thanks for writing, you old dog!

By: Bernie Madoff, NYC

Bernie Madoff, NYC — Tue, 06 Jan 2009 17:31:43 +0000

I’m offering 6% to my good friends.

By: Forest, London, England

Forest, London, England — Mon, 05 Jan 2009 20:16:28 +0000

Ahh, yup, well the savings account was open to anyone who was interested – I think the offer has now closed.

As for the market, well thats down to individual stocks I guess (and buying very cheap).

By: Bing

Bing — Mon, 05 Jan 2009 19:38:06 +0000

I think I speak for the rest of the group when I say congratulations, and we hate you.

By: Forest, London, England.

Forest, London, England. — Mon, 05 Jan 2009 19:34:26 +0000

Hi,

I’m currently earning 6.5% on a savings account – perfectly legit.

Also made 43.66% in the market last year. Sorry.

By: Charlie Los Angeles, CA

Charlie Los Angeles, CA — Mon, 05 Jan 2009 18:59:46 +0000

Only in Northern California…and you gotta be a biker wearing spandex.

By: Leeroy

Leeroy — Mon, 05 Jan 2009 16:41:12 +0000

I thnk I’ve seen this movie before.

There’s panic, and blood in the water, and many formerly respectable bonds have gone to junk status.

If you can pick up dead meat for twenty cents on the dollar, and it’s worth forty cents on the dollar in liquidation, that’s a hell of a return.

Maybe the biker has been talking to the next Milken. How “legit” that may be is left to the reader.

By: Robbie P, Endicott NY

Robbie P, Endicott NY — Mon, 05 Jan 2009 16:37:37 +0000

As Billy Preston sang,”nothin’ from nothin’ leaves nothin’”…that being said, I’m offering 12 percent to any spandex-clad waddler on a bike here in NY…

By: Isaac, Culver City Ca.

Isaac, Culver City Ca. — Mon, 05 Jan 2009 16:17:50 +0000

Normally that kind of people are “wannabes” and they go around throwing names, numbers, etc, etc, just to impress people, they are normally astute but not intelligent, therefore incapable of create anything but laughter from those around them with their efforts to impress people.

By: Dooley, Geneva, Vexed

Dooley, Geneva, Vexed — Mon, 05 Jan 2009 15:09:34 +0000

For all we know the guy could have been referring to surgical augmentation of his manhood.

By: Bill, Laurel, MD

Bill, Laurel, MD — Mon, 05 Jan 2009 02:15:07 +0000

Mystifying. Is this the alcohol content of a good beer, maybe?

Six percent — seems so out-of-context these days, doesn’t it?

By: Insert Name Here, New Jersey

Insert Name Here, New Jersey — Mon, 05 Jan 2009 00:05:53 +0000

remember, an asset is only worth what someone is willing to pay for

By: Chris in Cape Coral, Florida

Chris in Cape Coral, Florida — Sun, 04 Jan 2009 15:00:29 +0000

I suspect that Mr. Six Percent was talking about the refinance rate on his underwater mansion.

Also–as a fat guy who rides a bike: please, no more spandex jerseys on fat guys riding bikes! Okay, XXXLance?

By: John Steinhauser, Boston, MA

John Steinhauser, Boston, MA — Sun, 04 Jan 2009 13:07:00 +0000

Nothing has changed, mate. Most people haven’t adjusted their point of view, or have changed their outlook. Here in the northeast, for example, folks are refusing to lower the price of their houses because “it’s worth more.” Not “it WAS worth more.”

What we have is a culture problem. Changing it is step 1.

“Those who cannot remember the past are condemned to repeat it.”

By: Anne, Tyler, TX

Anne, Tyler, TX — Sat, 03 Jan 2009 23:07:38 +0000

It’s pretty scary out there when there’s no credit freed up, but it’s even more frightening when people might lose what savings they have to crooks(people like Madoff). It would be difficult for a company to make a profit offering 6%, especially since the prime rate is so low. Let’s hope there’s not many more Madoff’s out there. The moral of the story is: Patience is a virtue.

By: Josh, Tucson, Az

Josh, Tucson, Az — Sat, 03 Jan 2009 20:11:29 +0000

maybe they were referring to a family loan.

By: Big Bill, Kalispell Montana

Big Bill, Kalispell Montana — Sat, 03 Jan 2009 20:04:28 +0000

I’m sure there is a yet-to-be-discovered ponzi scheme thats filling the void since Madof collapsed.

By: Insert Name Here, New Jersey

Insert Name Here, New Jersey — Sat, 03 Jan 2009 17:27:52 +0000

when the government subsidizes bad business behavior why would people change their approach. where’s the incentive to do the right thing?