Topic 'Good news I guess?' in forum '' - dslreports.com http://www.dslreports.com/forum/Good-news-I-guess-22137532 en Thu, 09 Feb 2012 10:24:06 EDT Thu, 09 Feb 2012 10:24:06 EDT Re: Good news I guess? http://www.dslreports.com/forum/Re-Good-news-I-guess-22152650 --
"Fascism should more properly be called corporatism because it is the merger of state and corporate power." -- Benito Mussolini
]]> http://www.dslreports.com/forum/Re-Good-news-I-guess-22152650 Mon, 30 Mar 2009 13:44:14 EDT Re: Good news I guess? http://www.dslreports.com/forum/Re-Good-news-I-guess-22152237 http://www.dslreports.com/forum/Re-Good-news-I-guess-22152237 Mon, 30 Mar 2009 12:36:25 EDT Re: Good news I guess? http://www.dslreports.com/forum/Re-Good-news-I-guess-22146206 said by Mce Saint:

Nice story. Except that for secured creditors it doesn't work like this.Yeah, but stockholders aren't typically secured creditors.
--
"Fascism should more properly be called corporatism because it is the merger of state and corporate power." -- Benito Mussolini
]]> http://www.dslreports.com/forum/Re-Good-news-I-guess-22146206 Sun, 29 Mar 2009 01:41:32 EDT Re: Good news I guess? http://www.dslreports.com/forum/Re-Good-news-I-guess-22144240 said by KrK:

said by Tzale:

Sounds like capitalism to me.... Don't invest if you don't want to accept the risk.
Sounds like a scam to me. All you have to do is get people to invest, then you can make some really bad business choices and wipe them out--- and you don't suffer.
Sounds to me like the investors who are being 'scammed' don't know what they are getting into.... Perhaps people should spend more time reading about how the stock market works? It's been this way for a long time... I don't want them to change anything now. Besides, if a company declares bankruptcy and their stock didn't immediately have no value, then it would pretty much by market forces from people selling immediately!

-Tzale
--
They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.]]> http://www.dslreports.com/forum/Re-Good-news-I-guess-22144240 Sat, 28 Mar 2009 16:40:51 EDT Re: Good news I guess? http://www.dslreports.com/forum/Re-Good-news-I-guess-22142954 quote:
Imagine you could just call up your bank and say "By the power vested in me, by myself, for myself, effective this date, I owe you nothing, I'm keeping the house, car, land and all contents, and I get full deeds. See ya, wouldn't wanna be ya." Oh and with no penalties to boot. No credit damage.


Nice story. Except that for secured creditors it doesn't work like this.]]> http://www.dslreports.com/forum/Re-Good-news-I-guess-22142954 Sat, 28 Mar 2009 11:40:16 EDT Re: Good news I guess? http://www.dslreports.com/forum/Re-Good-news-I-guess-22142352 said by Tzale:

Sounds like capitalism to me.... Don't invest if you don't want to accept the risk.Sounds like a scam to me. All you have to do is get people to invest, then you can make some really bad business choices and wipe them out--- and you don't suffer.
--
"Fascism should more properly be called corporatism because it is the merger of state and corporate power." -- Benito Mussolini
]]> http://www.dslreports.com/forum/Re-Good-news-I-guess-22142352 Sat, 28 Mar 2009 08:32:10 EDT Re: Good news I guess? http://www.dslreports.com/forum/Re-Good-news-I-guess-22141115 said by KrK:

They will. They'll just wipeout their investors. They'll simply declare their old stock worthless, then issue new stock.

Companies can do things consumers can't. Consumers can't tell people they owe money too to get lost, never going to pay it back, no penalties. Companies can. They just reorganize and sometimes change the name slightly and act like they are a whole new entity with a clean slate--- except they keep the assets of the defunct company.

They're be some lawsuits, of course, but in the end Charter should discharge much of it's debt and get off pretty scot free.

Yep, told ya so:

"The cable television operator said last month it would restructure its debt under Chapter 11 bankruptcy protection on or before April 1 in a deal with senior creditors that wipes out common shareholders."

Isn't it nice? Tell the owners (stockholders) to go shove it, we owe you nothing, and we're never paying you back.

Imagine you could just call up your bank and say "By the power vested in me, by myself, for myself, effective this date, I owe you nothing, I'm keeping the house, car, land and all contents, and I get full deeds. See ya, wouldn't wanna be ya." Oh and with no penalties to boot. No credit damage.

To me this seems inherently wrong.

Sounds like capitalism to me.... Don't invest if you don't want to accept the risk.
--
They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.]]> http://www.dslreports.com/forum/Re-Good-news-I-guess-22141115 Fri, 27 Mar 2009 22:08:18 EDT Re: Good news I guess? http://www.dslreports.com/forum/Re-Good-news-I-guess-22141053 said by KrK:

...
Imagine you could just call up your bank and say "By the power vested in me, by myself, for myself, effective this date, I owe you nothing, I'm keeping the house, car, land and all contents, and I get full deeds. See ya, wouldn't wanna be ya." Oh and with no penalties to boot. No credit damage.

To me this seems inherently wrong.

Replace bank with husband and unmarried men should be afraid. Very afraid.]]> http://www.dslreports.com/forum/Re-Good-news-I-guess-22141053 Fri, 27 Mar 2009 21:52:41 EDT Re: Good news I guess? http://www.dslreports.com/forum/Re-Good-news-I-guess-22139886 said by KrK:

To me this seems inherently wrong.
Probably to a lot of people; unfortunately no one learns about this kind of thing in school, but this is a fundamental characteristic of corporations. In exchange for sharing in the profits and growth of the company, you risk your money as a shareholder but are likewise shielded from liability beyond your investment amount.]]> http://www.dslreports.com/forum/Re-Good-news-I-guess-22139886 Fri, 27 Mar 2009 17:58:41 EDT Re: Good news I guess? http://www.dslreports.com/forum/Re-Good-news-I-guess-22139801 http://www.dslreports.com/forum/Re-Good-news-I-guess-22139801 Fri, 27 Mar 2009 17:43:28 EDT Re: Good news I guess? http://www.dslreports.com/forum/Re-Good-news-I-guess-22139158
Companies can do things consumers can't. Consumers can't tell people they owe money too to get lost, never going to pay it back, no penalties. Companies can. They just reorganize and sometimes change the name slightly and act like they are a whole new entity with a clean slate--- except they keep the assets of the defunct company.

They're be some lawsuits, of course, but in the end Charter should discharge much of it's debt and get off pretty scot free.

Yep, told ya so:

"The cable television operator said last month it would restructure its debt under Chapter 11 bankruptcy protection on or before April 1 in a deal with senior creditors that wipes out common shareholders."

Isn't it nice? Tell the owners (stockholders) to go shove it, we owe you nothing, and we're never paying you back.

Imagine you could just call up your bank and say "By the power vested in me, by myself, for myself, effective this date, I owe you nothing, I'm keeping the house, car, land and all contents, and I get full deeds. See ya, wouldn't wanna be ya." Oh and with no penalties to boot. No credit damage.

To me this seems inherently wrong.

--
"Fascism should more properly be called corporatism because it is the merger of state and corporate power." -- Benito Mussolini
]]> http://www.dslreports.com/forum/Re-Good-news-I-guess-22139158 Fri, 27 Mar 2009 15:53:02 EDT Good news I guess? http://www.dslreports.com/forum/Good-news-I-guess-22137532 --
The Internet is about to go down....it is actually.]]> http://www.dslreports.com/forum/Good-news-I-guess-22137532 Fri, 27 Mar 2009 11:05:55 EDT