Who you gonna blame?
Re: Who you gonna blame?
Many banks, including Bank of America and JPMorgan Chase, have limited applications to customers with preexisting relationships. Under the program, banks must conduct due diligence on small businesses’ applications, and banking industry officials have said that process is easiest with companies they already know well.
That led to complaints from some mom-and-pop businesses that they were being crowded out of the program by larger companies with extensive ties to big banks.
So reading between the lines here, if you already have a line of credit with the bank for an amount as large or larger than the amount of the PPP loan you are asking for, your paperwork is practically done. The bank can approve your loan immediately and they are happy to help a good client make sure they have everything they need to get through a complicated and confused process when the SBA websites crash and don't keep up with demand for information.
It is first come first served. So the banks bigger customers who they do the most business with, are first in line.
And yes DC, the banks decide who gets the money. All they are doing is processing the first applications first, what could be more fair? Somebody has to be the scapegoat when this all gets out and big banks are the honey badgers of the economy, they don't give a shit.
The end result of all of this is the big will get bigger and smaller will disappear. There will be consolidation and acquisitions and reduction of competition leading to higher profit margins as the economy comes back.
The time of vulture capitalism is almost here again!
That led to complaints from some mom-and-pop businesses that they were being crowded out of the program by larger companies with extensive ties to big banks.
So reading between the lines here, if you already have a line of credit with the bank for an amount as large or larger than the amount of the PPP loan you are asking for, your paperwork is practically done. The bank can approve your loan immediately and they are happy to help a good client make sure they have everything they need to get through a complicated and confused process when the SBA websites crash and don't keep up with demand for information.
It is first come first served. So the banks bigger customers who they do the most business with, are first in line.
And yes DC, the banks decide who gets the money. All they are doing is processing the first applications first, what could be more fair? Somebody has to be the scapegoat when this all gets out and big banks are the honey badgers of the economy, they don't give a shit.
The end result of all of this is the big will get bigger and smaller will disappear. There will be consolidation and acquisitions and reduction of competition leading to higher profit margins as the economy comes back.
The time of vulture capitalism is almost here again!
Nero is an angler in the lake of darkness
Re: Who you gonna blame?
While this probably troubles them to some degree, I suspect they will sleep well tonight in spite of the shame.
Nero is an angler in the lake of darkness
Re: Who you gonna blame?
As I told Geezer, I'm doing my part to Burn It The Fuck Down.
But yes, it's an uphill fight, to put it mildly.
But yes, it's an uphill fight, to put it mildly.
Imjustheretohelpyoubuycrypto
Re: Who you gonna blame?
On the plus side, gasoline is cheap right now. I have a pretty good supply of black powder if you need some.
Nero is an angler in the lake of darkness
Re: Who you gonna blame?
I just bought a mid sized drum of .223.
When the shit goes down, you are welcome to come get some.
All if you.
Just, be sure to bring your guns....
When the shit goes down, you are welcome to come get some.
All if you.
Just, be sure to bring your guns....
Re: Who you gonna blame?
I'd be tickled to have a couple of boxes of .22 SR. Do you know where I could find those?jeepinjayhawk wrote: ↑Wed Apr 22, 2020 10:40 pm I just bought a mid sized drum of .223.
When the shit goes down, you are welcome to come get some.
All if you.
Just, be sure to bring your guns....
Re: Who you gonna blame?
.22 is the new gold.
I don't have anything that fire .22.
If I come across some, I will PM you.
I don't have anything that fire .22.
If I come across some, I will PM you.
Re: Who you gonna blame?
Look what you have done you fuck! Rallying the libs and the conservatives around a common theme, talk of an armed insurrection.
Now before you get started here, let's all understand that vulture capitalists fill a vital niche in the economic ecosystem. We are just here to clean up the carcasses so that they don't rot in the streets and cause more disease and pestilence. We are merely doing the work nature intended us to do. We are doing the work you don't have the stomach for. We are kinda like the Mexicans who pick the fruit for your grocery stores, and Rosa Parks. Yeah; we are kinda like Rosa Parks.
Nero is an angler in the lake of darkness
Re: Who you gonna blame?
lol.japhy wrote: ↑Thu Apr 23, 2020 9:29 amLook what you have done you fuck! Rallying the libs and the conservatives around a common theme, talk of an armed insurrection.
Now before you get started here, let's all understand that vulture capitalists fill a vital niche in the economic ecosystem. We are just here to clean up the carcasses so that they don't rot in the streets and cause more disease and pestilence. We are merely doing the work nature intended us to do. We are doing the work you don't have the stomach for. We are kinda like the Mexicans who pick the fruit for your grocery stores, and Rosa Parks. Yeah; we are kinda like Rosa Parks.
Paul Krugman says "hi".
“The Electoral College is DEI for rural white folks.”
Derek Cressman
Derek Cressman
Re: Who you gonna blame?
It was like 8 years ago. I havent had any problems finding it in the last 3 or 4 years. But ive never looked for shortsjeepinjayhawk wrote: ↑Thu Apr 23, 2020 9:02 am .22 is the new gold.
I don't have anything that fire .22.
If I come across some, I will PM you.
Just Ledoux it
Re: Who you gonna blame?
I see nothing but empty shelves for .22 in Texas. Buddy of mine caught Academy filling the shelves about 2 months ago and bought all that they had.TDub wrote: ↑Thu Apr 23, 2020 11:15 amIt was like 8 years ago. I havent had any problems finding it in the last 3 or 4 years. But ive never looked for shortsjeepinjayhawk wrote: ↑Thu Apr 23, 2020 9:02 am .22 is the new gold.
I don't have anything that fire .22.
If I come across some, I will PM you.
Re: Who you gonna blame?
I have a pump action short barrel Winchester 97 rifle that my grandfather gave me in 1964. I haven't been able to find ammo for at least 12 years around Lawrence.
Re: Who you gonna blame?
Interesting. It was like that here in 2012/13. But i see the big buckets and bricks of .22 everywhere. That has changed in the last month or so and it is more scarce now but I saw it last time I was at the farm storejeepinjayhawk wrote: ↑Thu Apr 23, 2020 12:26 pmI see nothing but empty shelves for .22 in Texas. Buddy of mine caught Academy filling the shelves about 2 months ago and bought all that they had.TDub wrote: ↑Thu Apr 23, 2020 11:15 amIt was like 8 years ago. I havent had any problems finding it in the last 3 or 4 years. But ive never looked for shortsjeepinjayhawk wrote: ↑Thu Apr 23, 2020 9:02 am .22 is the new gold.
I don't have anything that fire .22.
If I come across some, I will PM you.
Just Ledoux it
Re: Who you gonna blame?
I just have to point out that all of this "ammo" talk is really making me horny.
Re: Who you gonna blame?
Nero is an angler in the lake of darkness