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Originally posted by WyrdeOne
It's my opinion that there are better things to do with money than give it to children who don't appreciate it and haven't earned it.
Of course I'm not speaking about this case in particular, just in general. Hope everything works out for the best. Can't feel too bad about the old man getting scammed though. A fool and his money are soon parted, right?
From: Father Hector Barnett
To: Prince Joe Eboh
Dear brother Joe,
God bless you my little mucker and how are you this glorious day?
My apologies for the late reply but we had a small accident at the church this morning. I am afraid we have had an infestation of Tribbles, and we called in the Pest Patrol people to try to remove the infestation. Unfortunately Ted, the pest patrol guy, decided to gas the Tribbles, and in the front yard of the church he got himself into his Chemical Protection Suit (CPS). . .
Striking resemblance to David Hyde Pearce from Frasier, no?
The biggest problem, though, was more fundamental. When S&Ls tried to compete for funds by offering relatively high rates or - after deposit interest rate ceilings were eliminated between 1980 and 1982 - by offering interest rates in line with or above market rates, an unsustainable gap opened up between the cost of their funding liabilities (short-term interest rates) and the income generated by their assets (long-term, fixed-rate mortgage repayments).
05/11/03: (Information Clearing House) The savings and loans crashes of the 1980s, themselves directly the result of Reagan’s deregulation of the banking industry, is more interesting because of how it reflects the rapacious nature of unbridled capitalism than of Neil Bush himself. Who by the way, is now embroiled in another scam with his latest venture, educational software, Ignite (turnover $20 million, much of it from educational subsidies obtained in the state of Florida ,where, ‘coincidentally’ of course, his bro Jeb, is governor).