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11-27-2013, 08:54 AM
#141
 Originally Posted by Paul65K
Was that the bank or was is driven by tighter government regulation/requirements......I seem to remember the government changing the rules on the banks during the crisis and this drover at least some of that behavior??
It was before the government stepped in, they had no justifiable reason except to say we can renegotiate the terms of the LOC so we are. It was a bad decision on the banks part. They left them crippled by making it so they can't sell their inventory and wanted the money. It went like this, we won't let you sell anything to pay us our $72mm but we want our money in 90 days. The developer filed BK and the bank lost most of the money. It broke my heart. The owners went from making over $250k a year in salary to dipping into their personal accounts to pay their employees. They were just the nicest guys.
Sent from my Bat Cave!!!
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11-27-2013, 08:57 AM
#142
Already miss the 310/562
 Originally Posted by 314joey
I was 49 yo when I sold it and people still ask me how I knew that it was coming, I tell them I'm not that smart, it's better to be lucky than smart.
How could everyone NOT see it coming if they had their eyes open... I bailed out in 2000 when rate sheets from the banks were advertising up to 125% LTV...
You forgot les pendens in your list of terms, I learned that one from Dee Bax/Kaplan's/Scheidegger's... 
My work terms :
Vtier
Vlan
4 node rac
release date
incremental code drop
build
ADBA/PDBA
SysAdmin
sy/ord/http/https traffic
Oracle patch
stubbed envrionment
simulated environment
PIE/FIE envrionment
Last edited by 2manymustangs; 11-27-2013 at 09:09 AM.
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11-27-2013, 09:05 AM
#143
Senior Member
 Originally Posted by 2manymustangs
How could everyone NOT see it coming if they had their eyes open...  I bailed out in 2000 when rate sheets from the banks were advertising up to 125% LTV...
You forgot les pendens in your list of terms, I learned that one from Dee Bax/Kaplan's/Scheidegger's... 
I knew it was getting bad when, without getting into politics when after the 2006 mid-term elections Fannie Mae and Freddie Mac started giving loans (no down payment loans and 110%) out to anyone and I mean anyone, it was the beginning of the end.
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11-27-2013, 09:30 AM
#144
 Originally Posted by 2manymustangs
How could everyone NOT see it coming if they had their eyes open...  I bailed out in 2000 when rate sheets from the banks were advertising up to 125% LTV...
You forgot les pendens in your list of terms, I learned that one from Dee Bax/Kaplan's/Scheidegger's...
My work terms :
Vtier
Vlan
4 node rac
release date
incremental code drop
build
ADBA/PDBA
SysAdmin
sy/ord/http/https traffic
Oracle patch
stubbed envrionment
simulated environment
PIE/FIE envrionment
Software development?
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11-27-2013, 09:34 AM
#145
Already miss the 310/562
 Originally Posted by Eli
Software development?
And testing from the front end (OEP-Order Entry Portal) to the bss/oss/rating/billing... End to end for TELCO's/Cable and satellite TV...
Last edited by 2manymustangs; 11-27-2013 at 09:36 AM.
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11-27-2013, 11:42 AM
#146

You want me to sign ALL of these letters?
Sent from my Bat Cave!!!
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11-27-2013, 12:04 PM
#147
Senior Member
 Originally Posted by Eli
You want me to sign ALL of these letters?
Sent from my Bat Cave!!!
Are you back directly in the Legal game?
BTW Fuck banks
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11-27-2013, 12:10 PM
#148
Senior Member
 Originally Posted by Eli
You want me to sign ALL of these letters?
Sent from my Bat Cave!!!
I'm sure it's something that has to do with the government.
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11-27-2013, 12:12 PM
#149
 Originally Posted by JBS
Are you back directly in the Legal game?
BTW Fuck banks 
Yea fuck banks!
I don't understand what you mean??????
 Originally Posted by 314joey
I'm sure it's something that has to do with the government.
Nope no governments
Sent from my Bat Cave!!!
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11-27-2013, 12:12 PM
#150
Senior Member
 Originally Posted by 314joey
I'm sure it's something that has to do with the government.
If you look closely this looks like a client disclaimer......don't ya think that will scare a few off
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