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View Diary: Can someone explain to me why? (46 comments)

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  •  With All Due Respect, I Have Never (2+ / 0-)
    Recommended by:
    oldjohnbrown, iBlue

    worked for a firm with less than 60 folks. We made money. Making payroll, needing a loan, that just makes no sense. Please explain this to me. Please!

    "We are what we repeatedly do. Excellence then, is not an act, but a habit." - Aristotle

    by webranding on Fri Feb 13, 2009 at 08:41:05 AM PST

    [ Parent ]

    •  They keep their cash reserves (2+ / 0-)
      Recommended by:
      oldjohnbrown, crose

      to pay the CEO.

    •  smoke and mirrors (3+ / 0-)
      Recommended by:
      oldjohnbrown, parryander, crose

      Why create a real successful business when the illusion of one will do.

      This whole nation as turned into a house of cards.  All based on sharing a illusion.  Well when home price stopped going up, the illusion had to break.  With it all these other illusions follow.

      Personally as a small businessman, I find it funny that these companies lose billions and somehow still remain in business.  

      Reality is coming back, and the world is gonna crumble before it.

      (regarding the bank mess) They want to cure the patient but not deal with the disease.

      by dark daze on Fri Feb 13, 2009 at 09:11:01 AM PST

      [ Parent ]

    •  ok (0+ / 0-)

      For example, I used to work for a small ISP. The partner that was the finance person insisted that we pay for everything with cash. Our competitor took out loans, bought more modems, became a CLC and eventually the competitor became so big and strong that they bought the small ISP that refused to borrow.
      So, in some situations, a business needs to borrow to beat the competition or at least keep up.

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