I got a better one, Sorry but the folks that are running the banks should be heavily regulated, and subject to intense auditor scunity, mortage loans for underwater properties should be modified accordingly, to current purchase prices, and the %^*(%()_^ banks should eat the losses with the bailout money they have been given by the govt, instead of buying other banks, like they been doing, which would help a lot of folks out of bad mortages made by these banks to folks which fueled this greed and mortage mess in the first darn place.
Also Congress shouldn't release another dime of the bailout until there is over-sight on where the money is going, either that, or the banks that received the money, there executives go to Federal Prison for corruption and do a lot of hard time, for there crimes, because every last one of them are guilty as hell.. And there is no such thing as good debt, period, its called debt for a reason, because you own someone something that you couldn't pay for right now... Z Edward E. Ziots Network Engineer Lifespan Organization Email: [email protected] Phone: 401-639-3505 MCSE, MCP+I, ME, CCA, Security +, Network + -----Original Message----- From: Micheal Espinola Jr [mailto:[email protected]] Sent: Tuesday, January 13, 2009 10:39 AM To: NT System Admin Issues Subject: Re: Would this be good for IT, or what? (UNCLASSIFIED) I know, its all rather anal at this point - but, I guess my underlying point here - if I realized I was trying to make one - is that we are again finding ourselves victims of marketing when we tell ourselves that there is such a thing as good debt. This is the first step in financial behavioral manipulation. -- ME2 On Mon, Jan 12, 2009 at 6:20 PM, Michael B. Smith <[email protected]> wrote: > Urf. > > Debt and credit (the use of) are mirror images of the same thing. You can't > have one without the other. > > Financial gain - financial independence - is about LEVERAGE. You either > "stand pat" on what you have, you leverage it, or you lose it. > > IMHO. YMMV. > > Regards, > > Michael B. Smith, MCITP:SA,EMA/MCSE/Exchange MVP > My blog: http://TheEssentialExchange.com/blogs/michael > I'll be at TEC'2009! http://www.tec2009.com/vegas/index.php > > > -----Original Message----- > From: Rod Trent [mailto:[email protected]] > Sent: Monday, January 12, 2009 6:14 PM > To: NT System Admin Issues > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) > > Completely agree. > > -----Original Message----- > From: Micheal Espinola Jr [mailto:[email protected]] > Sent: Monday, January 12, 2009 6:06 PM > To: NT System Admin Issues > Subject: Re: Would this be good for IT, or what? (UNCLASSIFIED) > > I am not suggesting that debt is not a requirement to an objective in > many cases. But saying debt is good is beyond me. Credit is good. > Debt is bad. Debt is not a tool. Credit and leans are tools. Debt > is a completely negative aspect of finance. > > -- > ME2 > > > > On Mon, Jan 12, 2009 at 4:05 PM, Jonathan Link <[email protected]> > wrote: >> Since your objection seems to be based on semantics, can I suggest that > some >> debt is necessary (to achieve a certain goal within certain established >> criteria, i.e. buy an affordable house adequately sized to one's needs) > and >> some debt is frivolous (I want the McMansion, supersized, please with a 1% >> teaser rate that resets to prime +10 in two years)? >> >> Debt is a tool, and like any tool it can be used correctly and it can be >> used incorrectly. A careful analysis of the situation is required by > every >> user, which was quite rare these last 20 years. >> On Mon, Jan 12, 2009 at 3:40 PM, Micheal Espinola Jr >> <[email protected]> wrote: >>> >>> +1. >>> >>> No debt is ever "good debt". That is the banking/credit industry >>> fooling you. Everything they do is to make money. Not to give you >>> anything for free *ever*. >>> >>> Points? Cash back? Stop fooling yourself. >>> >>> -- >>> ME2 >>> >>> >>> >>> On Mon, Jan 12, 2009 at 3:15 PM, Jim Majorowicz <[email protected]> >>> wrote: >>> > That last sentence is exactly what got this country into this mess. >>> > >>> > >>> > >>> > From: David Mazzaccaro [mailto:[email protected]] >>> > Sent: Monday, January 12, 2009 11:28 AM >>> > To: NT System Admin Issues >>> > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) >>> > >>> > >>> > >>> > Some debt is good debt. >>> > >>> > For taxes, you do get to deduct the interest on your mortgage...if you >>> > pay >>> > off your house, you lose that deduction. >>> > >>> > Additionally, you now have hundreds of thousands of dollars sitting > idle >>> > in >>> > your house that you can do nothing with (until you sell it). >>> > >>> > >>> > >>> > >>> > >>> > >>> > >>> > ________________________________ >>> > >>> > From: Webster [mailto:[email protected]] >>> > Sent: Monday, January 12, 2009 1:59 PM >>> > To: NT System Admin Issues >>> > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) >>> > >>> > Yes. But we moved to TN back in August and have a mortgage again. L I >>> > am >>> > working on paying it off as fast as possible. >>> > >>> > >>> > >>> > >>> > >>> > Webster >>> > >>> > >>> > >>> > From: Jacob [mailto:[email protected]] >>> > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) >>> > >>> > >>> > >>> > Wow.. did that include the mortgage? >>> > >>> > >>> > >>> > From: Webster [mailto:[email protected]] >>> > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) >>> > >>> > >>> > >>> > +6 for Dave Ramsey. Paid off $197,000 in debt in 4.5 yrs. >>> > >>> > >>> > >>> > >>> > >>> > Webster >>> > >>> > >>> > >>> > From: David Lum [mailto:[email protected]] >>> > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) >>> > >>> > >>> > >>> > +1 times ten! >>> > >>> > >>> > >>> > We'll spend thousands sending out kids to college but never teach them >>> > the >>> > basics of money and not using credit for anything but a house. My >>> > parents >>> > didn't teach me that, it took me over 40 years (until Feb of last year) >>> > to >>> > really "get it" (thank you Dave Ramsey). Funny the things we think we >>> > *need* >>> > to have. Pretty sure 99% of these items our ancestors got along just >>> > fine >>> > without. >>> > >>> > >>> > >>> > Veering nearer to back on topic, adding the need for several thousand > IT >>> > jobs can't be a bad thing, but I am interested in hearing from IT guys >>> > in >>> > the healthcare industry what obstacles need to be overcome. 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