Comments on: Misguided Reporting on Forcing Banks to Lend http://toughmoneylove.com/2009/10/19/forcing-banks-to-lend/ The Hard Truth about Money and Personal Finance Fri, 19 Mar 2010 02:03:20 +0000 http://wordpress.org/?v=2.9 hourly 1 By: MasterPo http://toughmoneylove.com/2009/10/19/forcing-banks-to-lend/comment-page-1/#comment-6216 MasterPo Tue, 20 Oct 2009 03:15:54 +0000 http://toughmoneylove.com/?p=4794#comment-6216 She could (try to) get a private loan instead of bank. That's always an option. There's a website (forgot the name) that gets private lenders and private borrowers together. Very risky for both but it's a market. Though I totally agree with all the points above (even Rick's) as to why she is whining. And Rick - As far as the guy playing Rush in his shop to bring in customers, how much of an "idiot" can his customers be? ;-) She could (try to) get a private loan instead of bank. That’s always an option. There’s a website (forgot the name) that gets private lenders and private borrowers together. Very risky for both but it’s a market.

Though I totally agree with all the points above (even Rick’s) as to why she is whining.

And Rick – As far as the guy playing Rush in his shop to bring in customers, how much of an “idiot” can his customers be? ;-)

]]> By: cjbr549 http://toughmoneylove.com/2009/10/19/forcing-banks-to-lend/comment-page-1/#comment-6214 cjbr549 Mon, 19 Oct 2009 21:56:04 +0000 http://toughmoneylove.com/?p=4794#comment-6214 Business loans have always been hard to get, and for good reason. My mother had a small successful business some years ago doing computer work (document writing mostly). My mother has never been good with money, but she did manage to get a $20,000 business loan, as she had been in business for over a year and had a good plan. She blew the money on crap (not the plan presented to the bank) and was out of business in three months. As far as I know, the loan was never repaid. That's why it's hard to get a business loan, especially for a small business. Business loans have always been hard to get, and for good reason. My mother had a small successful business some years ago doing computer work (document writing mostly). My mother has never been good with money, but she did manage to get a $20,000 business loan, as she had been in business for over a year and had a good plan. She blew the money on crap (not the plan presented to the bank) and was out of business in three months. As far as I know, the loan was never repaid. That’s why it’s hard to get a business loan, especially for a small business.

]]> By: PW http://toughmoneylove.com/2009/10/19/forcing-banks-to-lend/comment-page-1/#comment-6210 PW Mon, 19 Oct 2009 18:25:15 +0000 http://toughmoneylove.com/?p=4794#comment-6210 We won't have to worry about a business model like this (or lack thereof) very long. The very fact that she does not have insurance under the new Obama care will tax/penalize her as an employer for not offering insurance to herself(opps! forgot, can't have a group plan with 1 person) then she will be taxed and penalized again for being an employee with no insurace,and it will put her out of business. Period. Maybe she will even end up in jail for crossing the "O" man. How will NPR report that? Small business forced to close due to Bush?? We won’t have to worry about a business model like this (or lack thereof) very long. The very fact that she does not have insurance under the new Obama care will tax/penalize her as an employer for not offering insurance to herself(opps! forgot, can’t have a group plan with 1 person) then she will be taxed and penalized again for being an employee with no insurace,and it will put her out of business. Period. Maybe she will even end up in jail for crossing the “O” man. How will NPR report that? Small business forced to close due to Bush??

]]> By: Rick Beagle http://toughmoneylove.com/2009/10/19/forcing-banks-to-lend/comment-page-1/#comment-6209 Rick Beagle Mon, 19 Oct 2009 17:43:09 +0000 http://toughmoneylove.com/?p=4794#comment-6209 I had someone the other day say something to the effect that NPR was known for it's high journalistic standards. I suppose for some a monotonous monotone of dubious nationality is enough to suggest journalistic credibility, but there are far too many "fluff pieces" like this that seem to undermine their credibility. Oh and yes I know MasterPo, they support health reform and for the most part support the liberal ideals, but honestly, junk news is junk news regardless of the political spectrum. BTW I'm in Florida for a while, and while getting my Mom's car fixed, guess what they were playing on the radio? Country? Nope. Hip Hop? Nope. Classic Jazz? Nope. Rush. I turned to the manager and say, "You know that guy is an idiot right?" "Yep, but that's what my customers want to listen to." Been here two days and I have already been invited to a "Glenn Beck" party - whatever the heck that is! Note to self -leave Florida. Peace. Rick Beagle I had someone the other day say something to the effect that NPR was known for it’s high journalistic standards. I suppose for some a monotonous monotone of dubious nationality is enough to suggest journalistic credibility, but there are far too many “fluff pieces” like this that seem to undermine their credibility.

Oh and yes I know MasterPo, they support health reform and for the most part support the liberal ideals, but honestly, junk news is junk news regardless of the political spectrum.

BTW I’m in Florida for a while, and while getting my Mom’s car fixed, guess what they were playing on the radio? Country? Nope. Hip Hop? Nope. Classic Jazz? Nope. Rush.

I turned to the manager and say, “You know that guy is an idiot right?”
“Yep, but that’s what my customers want to listen to.”

Been here two days and I have already been invited to a “Glenn Beck” party – whatever the heck that is!

Note to self -leave Florida.

Peace.
Rick Beagle

]]> By: Snowy Heron http://toughmoneylove.com/2009/10/19/forcing-banks-to-lend/comment-page-1/#comment-6207 Snowy Heron Mon, 19 Oct 2009 14:57:45 +0000 http://toughmoneylove.com/?p=4794#comment-6207 They really do deserve the Fools of Finance award. Come on now, what the heck was the reporter thinking? I am beginning to think that Journalism schools are attracting students of about the same caliber as Education schools have. I have seen some of the most naive and uninformed things in the newspapers in the last year or so. I think all of the educated reporters have retired or been laid off and the cub reporters from the local high schools hired. They really do deserve the Fools of Finance award. Come on now, what the heck was the reporter thinking? I am beginning to think that Journalism schools are attracting students of about the same caliber as Education schools have. I have seen some of the most naive and uninformed things in the newspapers in the last year or so. I think all of the educated reporters have retired or been laid off and the cub reporters from the local high schools hired.

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