Life in 2009

Syxx

Diabloii.Net Member
Life in 2009

Hi All

The Good ...

Andy Kaye of Kaye's Auctions was literally brought to tears yesterday talking about the kindness of some of the good hearts and gentle people attending Kaye's weekly Thursday night auction.

The contents of a storage locker (being sold off due to unpaid storage fees) were on the block when the little boy whose toys were in the lot (about three years old, there with his mom) asked Andy if he could "have some of my toys".

"Sure, says Andy. Go ahead."

The little guy gathered a pile of toys, then when the auction got underway, a 20-year regular of Kaye's, Karen, bought a couple of boxes, immediately donating them back to the family.

Other bidders followed suit, till at the end of the sale mom and her little guy had a fair amount of their stuff back.

"I've been in this business a long time," says Andy, "and I have to tell you, that was really something. The little guy's mom certainly had tears in her eyes."

Bet lots of people did. Inspiring.

Winnipeg Sun, Canada
The Bad ...

WASHINGTON (AP) -- American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars.

AIG declared earlier this month that it had suffered a loss of $61.7 billion for the fourth quarter of last year, the largest corporate loss in history.
The Ugly ...

A man ate from a trash can while tourists clicked snapshots. I gave the guy 15 dollars & told the tourists to get the Hell out of my city.

Twitter - 11:26 AM Dec 10th, 2008
bye
Syxx
 

Tanooki

Diabloii.Net Member
Re: Life in 2009

It varies by company. You sign an agreement.

The place I'm using to store stuff will empty your storage container into something else and continue to hold it until you pay them what you owe, and then they'll never let you be a customer again.
 

Glurin

Diabloii.Net Member
Re: Life in 2009

Johnny said:
I can understand the second part but the first is complete bull****.
So the storage building owner should be stuck with your junk in a storage space that he could be letting paying customers use? At least if he auctions it off, he gets the money you owe him. Assuming your junk is worth anything that is...
 

Johnny

Banned
Re: Life in 2009

So the storage building owner should be stuck with your junk in a storage space that he could be letting paying customers use?
No he should tell you that you have X ammount of days to pick up your **** or he's throwing it in the dumpster. After 30 days he should throw it.


"You didn't pay your bill so now I'm selling your stuff" seems a bit unfair.



 

stillman

Diabloii.Net Member
Re: Life in 2009

[snicker snicker] what if you didn't pay your storage bill and the storage owner goes to throw it out and it's something like 10 truckloads of rotting wood? Then, it would cost him to remove it! Revenge!!
 

Johnny

Banned
Re: Life in 2009

I'm not sure about the united states but over here he would just sell your bill to a reclamation company that would get the money from you one way or the other. With interest.
 

Tanooki

Diabloii.Net Member
Re: Life in 2009

Why are we even discussing this? If auctioning was their policy, it would have been clearly stated in the contract. If that family signed up and stored things, they should have emptied the storage unit when they couldn't pay.

Perhaps there are storage companies that do send your bill to a collection agency or simply throw away your things, but apparently it's legal to also auction it.

Is anyone else, besides me, actually using a storage facility to store things? If so, do you know what happens when you stop paying? Did you ask?

The storage facility isn't your mom. They don't have to keep your room exactly as you left it once you can no longer pay.
 

Amra

Diabloii.Net Member
Re: Life in 2009

The Bad...
WASHINGTON (AP) -- American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars.

AIG declared earlier this month that it had suffered a loss of $61.7 billion for the fourth quarter of last year, the largest corporate loss in history.
Syxx, why is that "bad"? Contracts should not be obligated?

Now I know it's all the rage to pile on the "rich" and the "evil corporations". I guess it makes people feel better. Certainly politicians think it will get them votes if they appear outraged. But let us all keep the larger picture in mind. If you move the goal posts in the middle of the game, you can expect chaos to be the result.

If at a later date you wish to change how bonuses are handled (and rightly so imho) then so be it. But to whine about it now is silly.

In the same vien, to quote Barney Frank:
"These people may have a right to their bonuses. They don't have a right to their jobs forever," said Frank, a Massachusetts Democrat who is chairman of the House Financial Services Committee.
Agreed. Messers Frank and the others who opposed regulations of Fanny Mae and Freddie Mac should be held accountable and lose their bonuses. Voted out of office as well. Why should we reward his failure?



 

Amra

Diabloii.Net Member
Re: Life in 2009

I'm not sure about the united states but over here he would just sell your bill to a reclamation company that would get the money from you one way or the other. With interest.
It's not a "United States" thing. It's a contract between two parties. It has nothing to do with the country.



 

Johnny

Banned
Re: Life in 2009

It's not a "United States" thing. It's a contract between two parties. It has nothing to do with the country.
I mean when it comes to unpaid bills. Seems over there if you get a parking ticket you can actually get away with not paying it as not as your car doesn't get towed. Over here you get a bill in your mailbox and if you fail to pay that it goes to reclamation. If you fail to pay then it goes to the government reclamation that sends people to your house to collect goods in equal value to your debt. But in the case listed above it seems they just nick your stuff and things end there. Over here you would not get away that easy.



 

jmervyn

Diabloii.Net Member
Re: Life in 2009

Agreed. Messers Frank and the others who opposed regulations of Fanny Mae and Freddie Mac should be held accountable and lose their bonuses. Voted out of office as well. Why should we reward his failure?
Because the vile piece of filth in question keeps getting reelected by the mentally deficient citizens of Massachusetts.



 

Syxx

Diabloii.Net Member
Re: Life in 2009

Syxx, why is that "bad"? Contracts should not be obligated?

Now I know it's all the rage to pile on the "rich" and the "evil corporations". I guess it makes people feel better. Certainly politicians think it will get them votes if they appear outraged. But let us all keep the larger picture in mind. If you move the goal posts in the middle of the game, you can expect chaos to be the result.

If at a later date you wish to change how bonuses are handled (and rightly so imho) then so be it. But to whine about it now is silly.
Hi Amra,

The idea of a bonus is to reward a person for a job well done.

How can this be the case with AIG executives, unless you consider the largest loss ever made by a company to be a good thing.

Is the point you trying to make, that since the executives had bonus contracts, they should be honoured regardless of the actual job performance ? Maybe from a purely legal point of view you are correct, but from a common sence point of view it is an absolute rip-off especially when considering the money used to pay the bonus's comes from a tax payer bailout.

The thing I don't understand is how come the bonus contracts weren't linked to actually performing well (ie like making x zillions of dollars in profit) ?

The paying of a bonus for failure is just plain wrong. This is why is it "bad".

Regards
Syxx



 

stillman

Diabloii.Net Member
Re: Life in 2009

As for the part in the article about the guy digging through the dumpster, this reminded of me of how all these Americans are complaining about losing 'their' homes. Is it really YOUR house if you used someone else's 200k to pay for it? Jeeze, Americans think they are born with a set of house keys in their curled fists.
 

Johnny

Banned
Re: Life in 2009

Syxx, why is that "bad"? Contracts should not be obligated?

Now I know it's all the rage to pile on the "rich" and the "evil corporations". I guess it makes people feel better. Certainly politicians think it will get them votes if they appear outraged. But let us all keep the larger picture in mind. If you move the goal posts in the middle of the game, you can expect chaos to be the result.
The goal posts where moved when the company decided that they can no longer handle the cold hard justice of the market and started begging uncle Sam for money. They got their money but now their asses belong to uncle Sam.



 
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