Looting?

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iaafan
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Looting?

Post by iaafan » Wed Jul 01, 2020 1:07 pm




So a lot of people are complaining about looting and they're also complaining about C-19's effect on the economy. I wonder if those same people care to weigh in on this.



Rich K
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Re: Looting?

Post by Rich K » Wed Jul 01, 2020 1:27 pm

Personally I didn't want ANYTHING to shut down because of Covid. I thought it was stupid from the beginning.

This will just be the tip of the iceburg. With trillions of dollars up for grabs the bureaucracy has a way of making friends with the friendly.


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RickRund
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Re: Looting?

Post by RickRund » Wed Jul 01, 2020 3:08 pm

It lent them the money. Which means they will pay it back. I will have think this one over. We will have a 30% stake in them. Not sure I really like that.

I do have an issue with $150 billion, $1.5 billion in cash being given to iran for appeasement.



Cataholic
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Re: Looting?

Post by Cataholic » Wed Jul 01, 2020 5:12 pm

RickRund wrote:
Wed Jul 01, 2020 3:08 pm
It lent them the money. Which means they will pay it back. I will have think this one over. We will have a 30% stake in them. Not sure I really like that.

I do have an issue with $150 billion, $1.5 billion in cash being given to iran for appeasement.
This loan also is saving 30,000 jobs - of which 24,000 are union represented. That used to be a good thing with Democrats and liberals.

YRCW also has $5 Billion is annual revenues and has reported positive earnings over the past two quarters. The loan includes provisions to maintain certain employment levels and limit executive compensation, dividends and share repurchases. Of the 6 analysts covering the stock, 3 have the company as a buy (2 with strong buy) with the other 3 as holds.

Funny how Solyndra was mentioned the other day and it did not garner a response from iAA. That Obama debacle cost $535 million and was defaulted within one year.



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RickRund
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Re: Looting?

Post by RickRund » Wed Jul 01, 2020 5:37 pm

Cataholic wrote:
Wed Jul 01, 2020 5:12 pm
RickRund wrote:
Wed Jul 01, 2020 3:08 pm
It lent them the money. Which means they will pay it back. I will have think this one over. We will have a 30% stake in them. Not sure I really like that.

I do have an issue with $150 billion, $1.5 billion in cash being given to iran for appeasement.
This loan also is saving 30,000 jobs - of which 24,000 are union represented. That used to be a good thing with Democrats and liberals.

YRCW also has $5 Billion is annual revenues and has reported positive earnings over the past two quarters. The loan includes provisions to maintain certain employment levels and limit executive compensation, dividends and share repurchases. Of the 6 analysts covering the stock, 3 have the company as a buy (2 with strong buy) with the other 3 as holds.

Funny how Solyndra was mentioned the other day and it did not garner a response from iAA. That Obama debacle cost $535 million and was defaulted within one year.
Thank you for the info on YRCW.

Yes, the solyndra name brings back memories. And it wasn't the only one. Sounds like the green new deal.



iaafan
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Re: Looting?

Post by iaafan » Thu Jul 02, 2020 8:57 am

RickRund wrote:
Wed Jul 01, 2020 5:37 pm
Cataholic wrote:
Wed Jul 01, 2020 5:12 pm
RickRund wrote:
Wed Jul 01, 2020 3:08 pm
It lent them the money. Which means they will pay it back. I will have think this one over. We will have a 30% stake in them. Not sure I really like that.

I do have an issue with $150 billion, $1.5 billion in cash being given to iran for appeasement.
This loan also is saving 30,000 jobs - of which 24,000 are union represented. That used to be a good thing with Democrats and liberals.

YRCW also has $5 Billion is annual revenues and has reported positive earnings over the past two quarters. The loan includes provisions to maintain certain employment levels and limit executive compensation, dividends and share repurchases. Of the 6 analysts covering the stock, 3 have the company as a buy (2 with strong buy) with the other 3 as holds.

Funny how Solyndra was mentioned the other day and it did not garner a response from iAA. That Obama debacle cost $535 million and was defaulted within one year.
Thank you for the info on YRCW.

Yes, the solyndra name brings back memories. And it wasn't the only one. Sounds like the green new deal.
https://money.cnn.com/2012/06/06/techno ... /index.htm

Solyndra wasn't being sued by the government for filching the government. The program it was funded by was started by the Bush Administration. It was one of two out of 33 green companies that failed. Congress was expecting more than that to fail. The type of solar power device (cylindrical) Solyndra was using was priced out by flat panel providers after the funds were provided to it. Private investors put $1 billion into Solyndra.

YRC will be 30% owned by the government. It's valued at $70 million. That used to be a bad thing with Republicans and Conservatives. I see the Teamsters are praising Trump. Be interesting to see if they endorse Trump now. YRC is being sued by the DoD, which the Trump Treasury says is supporting YRC. I do realize you can sue someone and support them.
The suit, filed in December of 2018, alleges YRC overcharged the Defense Department as well as failing to comply with the contract terms and related government procurement rules, along with unjust enrichment and breach of contract, according to YRC's filing. YRC has filed a motion seeking to dismiss the complaint and it said in intends to vigorously defend itself.
The civil complaint charges that YRC "reweighed thousands of shipments and suppressed the results whenever they indicated that a shipment was actually lighter than its original estimated weight." The suit said the practice went on for seven years and cost the Defense Department millions of dollars.



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BigBruceBaker
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Re: Looting?

Post by BigBruceBaker » Thu Jul 02, 2020 9:41 am

The federal government shouldn't own a part of any private business.


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Cataholic
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Re: Looting?

Post by Cataholic » Thu Jul 02, 2020 10:04 am

iaafan wrote:
Thu Jul 02, 2020 8:57 am
RickRund wrote:
Wed Jul 01, 2020 5:37 pm
Cataholic wrote:
Wed Jul 01, 2020 5:12 pm
RickRund wrote:
Wed Jul 01, 2020 3:08 pm
It lent them the money. Which means they will pay it back. I will have think this one over. We will have a 30% stake in them. Not sure I really like that.

I do have an issue with $150 billion, $1.5 billion in cash being given to iran for appeasement.
This loan also is saving 30,000 jobs - of which 24,000 are union represented. That used to be a good thing with Democrats and liberals.

YRCW also has $5 Billion is annual revenues and has reported positive earnings over the past two quarters. The loan includes provisions to maintain certain employment levels and limit executive compensation, dividends and share repurchases. Of the 6 analysts covering the stock, 3 have the company as a buy (2 with strong buy) with the other 3 as holds.

Funny how Solyndra was mentioned the other day and it did not garner a response from iAA. That Obama debacle cost $535 million and was defaulted within one year.
Thank you for the info on YRCW.

Yes, the solyndra name brings back memories. And it wasn't the only one. Sounds like the green new deal.
https://money.cnn.com/2012/06/06/techno ... /index.htm

Solyndra wasn't being sued by the government for filching the government. The program it was funded by was started by the Bush Administration. It was one of two out of 33 green companies that failed. Congress was expecting more than that to fail. The type of solar power device (cylindrical) Solyndra was using was priced out by flat panel providers after the funds were provided to it. Private investors put $1 billion into Solyndra.

YRC will be 30% owned by the government. It's valued at $70 million. That used to be a bad thing with Republicans and Conservatives. I see the Teamsters are praising Trump. Be interesting to see if they endorse Trump now. YRC is being sued by the DoD, which the Trump Treasury says is supporting YRC. I do realize you can sue someone and support them.
The suit, filed in December of 2018, alleges YRC overcharged the Defense Department as well as failing to comply with the contract terms and related government procurement rules, along with unjust enrichment and breach of contract, according to YRC's filing. YRC has filed a motion seeking to dismiss the complaint and it said in intends to vigorously defend itself.
The civil complaint charges that YRC "reweighed thousands of shipments and suppressed the results whenever they indicated that a shipment was actually lighter than its original estimated weight." The suit said the practice went on for seven years and cost the Defense Department millions of dollars.
You guys on the left are amazing. Trump admin saves 30,000 jobs (24,000 Union) and you are bashing him. That is pathetic. Would you have been happier if he just increased unemployment by $600 for those 30,000 employees? That would be the socialist way. I hope Democrats like you shout this displeasure at the top of your lungs because moderate Democrats will realize that the Democratic Party of today is more about politics, and less about actually helping their moderate constituents.

To point fingers at Bush is comical. I am pretty sure Obama and Biden took the photo op in front of Solyndra. There was actually major financial questions on Solyndra prior to approval yet the Obama admin pushed it through. And many investors lost money in Solyndra, but that has nothing to with the $535 million Obama’s admin lost within a year. Want to make a bet on whether YRC will be around in a year? I will bet they are!

The contract dispute (that is what it is) is unfortunate. However, contract disputes happen regularly. They are resolved and sometimes litigated. I have been privy to some of these govt contracts, and there are always questions about how they are administered and how certain charges are levied. I can assure you that YRC would not allow such a suit to reach litigation unless they felt their position was warranted. The DOD continues to use YRC and YRC is actually one of their main transportation contractors.



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Re: Looting?

Post by hokeyfine » Thu Jul 02, 2020 10:12 am

RickRund wrote:
Wed Jul 01, 2020 3:08 pm
It lent them the money. Which means they will pay it back. I will have think this one over. We will have a 30% stake in them. Not sure I really like that.

I do have an issue with $150 billion, $1.5 billion in cash being given to iran for appeasement.
It was their money to begin with, in our banks. Not taxpayer dollars.



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RickRund
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Re: Looting?

Post by RickRund » Thu Jul 02, 2020 10:18 am

hokeyfine wrote:
Thu Jul 02, 2020 10:12 am
RickRund wrote:
Wed Jul 01, 2020 3:08 pm
It lent them the money. Which means they will pay it back. I will have think this one over. We will have a 30% stake in them. Not sure I really like that.

I do have an issue with $150 billion, $1.5 billion in cash being given to iran for appeasement.
It was their money to begin with, in our banks. Not taxpayer dollars.
That money was being held in banks as a sanction against iran.

As john kerry said of the $1.7 billion, we gave them a little bit of money...



Rich K
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Re: Looting?

Post by Rich K » Thu Jul 02, 2020 10:21 am

hokeyfine wrote:
Thu Jul 02, 2020 10:12 am
RickRund wrote:
Wed Jul 01, 2020 3:08 pm
It lent them the money. Which means they will pay it back. I will have think this one over. We will have a 30% stake in them. Not sure I really like that.

I do have an issue with $150 billion, $1.5 billion in cash being given to iran for appeasement.
It was their money to begin with, in our banks. Not taxpayer dollars.
Frozen assets from prior regime, not the current belligerent state. Only a f'ing moron would think that releasing money to a state at war with us would be ok.


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Rich K
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Re: Looting?

Post by Rich K » Thu Jul 02, 2020 10:25 am

When it's not looting it's destruction (last night)


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hokeyfine
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Re: Looting?

Post by hokeyfine » Thu Jul 02, 2020 10:28 am




hokeyfine
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Re: Looting?

Post by hokeyfine » Thu Jul 02, 2020 10:30 am

Rich K wrote:
Thu Jul 02, 2020 10:21 am
hokeyfine wrote:
Thu Jul 02, 2020 10:12 am
RickRund wrote:
Wed Jul 01, 2020 3:08 pm
It lent them the money. Which means they will pay it back. I will have think this one over. We will have a 30% stake in them. Not sure I really like that.

I do have an issue with $150 billion, $1.5 billion in cash being given to iran for appeasement.
It was their money to begin with, in our banks. Not taxpayer dollars.
Frozen assets from prior regime, not the current belligerent state. Only a f'ing moron would think that releasing money to a state at war with us would be ok.
It's still their money. I have no problem giving it back to them. The US has screwed the Iranians since the 1950's. Their hatred of the US is all our doing.



Cataholic
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Re: Looting?

Post by Cataholic » Thu Jul 02, 2020 10:35 am

Rich K wrote:
Thu Jul 02, 2020 10:25 am
When it's not looting it's destruction (last night)
Those damn elk!! We should unite and do something about those damn elk!!😂😂😂



Rich K
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Re: Looting?

Post by Rich K » Thu Jul 02, 2020 10:45 am

hokeyfine wrote:
Thu Jul 02, 2020 10:30 am
Rich K wrote:
Thu Jul 02, 2020 10:21 am
hokeyfine wrote:
Thu Jul 02, 2020 10:12 am
RickRund wrote:
Wed Jul 01, 2020 3:08 pm
It lent them the money. Which means they will pay it back. I will have think this one over. We will have a 30% stake in them. Not sure I really like that.

I do have an issue with $150 billion, $1.5 billion in cash being given to iran for appeasement.
It was their money to begin with, in our banks. Not taxpayer dollars.
Frozen assets from prior regime, not the current belligerent state. Only a f'ing moron would think that releasing money to a state at war with us would be ok.
It's still their money. I have no problem giving it back to them. The US has screwed the Iranians since the 1950's. Their hatred of the US is all our doing.
Of course you wouldn't.


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hokeyfine
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Re: Looting?

Post by hokeyfine » Thu Jul 02, 2020 11:04 am

Rich K wrote:
Thu Jul 02, 2020 10:45 am
hokeyfine wrote:
Thu Jul 02, 2020 10:30 am
Rich K wrote:
Thu Jul 02, 2020 10:21 am
hokeyfine wrote:
Thu Jul 02, 2020 10:12 am
RickRund wrote:
Wed Jul 01, 2020 3:08 pm
It lent them the money. Which means they will pay it back. I will have think this one over. We will have a 30% stake in them. Not sure I really like that.

I do have an issue with $150 billion, $1.5 billion in cash being given to iran for appeasement.
It was their money to begin with, in our banks. Not taxpayer dollars.
Frozen assets from prior regime, not the current belligerent state. Only a f'ing moron would think that releasing money to a state at war with us would be ok.
It's still their money. I have no problem giving it back to them. The US has screwed the Iranians since the 1950's. Their hatred of the US is all our doing.
Of course you wouldn't.
Ahhh, nice retort. I would encourage you to study our relationship with Iran from the time they were a British colony to now. Then you would understand better.



Rich K
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Re: Looting?

Post by Rich K » Thu Jul 02, 2020 11:23 am

hokeyfine wrote:
Thu Jul 02, 2020 11:04 am
Rich K wrote:
Thu Jul 02, 2020 10:45 am
hokeyfine wrote:
Thu Jul 02, 2020 10:30 am
Rich K wrote:
Thu Jul 02, 2020 10:21 am
hokeyfine wrote:
Thu Jul 02, 2020 10:12 am
RickRund wrote:
Wed Jul 01, 2020 3:08 pm
It lent them the money. Which means they will pay it back. I will have think this one over. We will have a 30% stake in them. Not sure I really like that.

I do have an issue with $150 billion, $1.5 billion in cash being given to iran for appeasement.
It was their money to begin with, in our banks. Not taxpayer dollars.
Frozen assets from prior regime, not the current belligerent state. Only a f'ing moron would think that releasing money to a state at war with us would be ok.
It's still their money. I have no problem giving it back to them. The US has screwed the Iranians since the 1950's. Their hatred of the US is all our doing.
Of course you wouldn't.
Ahhh, nice retort. I would encourage you to study our relationship with Iran from the time they were a British colony to now. Then you would understand better.
I'm still steaming about the Russians paying the Taliban to do what they'd do for free, but hey, it's the Russians money so they can do what they want with it.


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Cataholic
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Re: Looting?

Post by Cataholic » Thu Jul 02, 2020 12:30 pm

hokeyfine wrote:
Thu Jul 02, 2020 11:04 am
Rich K wrote:
Thu Jul 02, 2020 10:45 am
hokeyfine wrote:
Thu Jul 02, 2020 10:30 am
Rich K wrote:
Thu Jul 02, 2020 10:21 am
hokeyfine wrote:
Thu Jul 02, 2020 10:12 am
RickRund wrote:
Wed Jul 01, 2020 3:08 pm
It lent them the money. Which means they will pay it back. I will have think this one over. We will have a 30% stake in them. Not sure I really like that.

I do have an issue with $150 billion, $1.5 billion in cash being given to iran for appeasement.
It was their money to begin with, in our banks. Not taxpayer dollars.
Frozen assets from prior regime, not the current belligerent state. Only a f'ing moron would think that releasing money to a state at war with us would be ok.
It's still their money. I have no problem giving it back to them. The US has screwed the Iranians since the 1950's. Their hatred of the US is all our doing.
Of course you wouldn't.
Ahhh, nice retort. I would encourage you to study our relationship with Iran from the time they were a British colony to now. Then you would understand better.
Is that part of accepted history or not accepted history?



hokeyfine
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Posts: 1196
Joined: Mon Mar 29, 2004 11:18 am

Re: Looting?

Post by hokeyfine » Thu Jul 02, 2020 5:16 pm

Cataholic wrote:
Thu Jul 02, 2020 12:30 pm
hokeyfine wrote:
Thu Jul 02, 2020 11:04 am
Rich K wrote:
Thu Jul 02, 2020 10:45 am
hokeyfine wrote:
Thu Jul 02, 2020 10:30 am
Rich K wrote:
Thu Jul 02, 2020 10:21 am
hokeyfine wrote:
Thu Jul 02, 2020 10:12 am
RickRund wrote:
Wed Jul 01, 2020 3:08 pm
It lent them the money. Which means they will pay it back. I will have think this one over. We will have a 30% stake in them. Not sure I really like that.

I do have an issue with $150 billion, $1.5 billion in cash being given to iran for appeasement.
It was their money to begin with, in our banks. Not taxpayer dollars.
Frozen assets from prior regime, not the current belligerent state. Only a f'ing moron would think that releasing money to a state at war with us would be ok.
It's still their money. I have no problem giving it back to them. The US has screwed the Iranians since the 1950's. Their hatred of the US is all our doing.
Of course you wouldn't.
Ahhh, nice retort. I would encourage you to study our relationship with Iran from the time they were a British colony to now. Then you would understand better.
Is that part of accepted history or not accepted history?
Our history of screwing Iran is pretty easy to follow. Whether someone accepts it or not is a different story. Just like our blind obedience to Israel.



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