Go Back   iRV2 Forums > iRV2.com COMMUNITY FORUMS > Just Conversation
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 12-18-2008, 04:50 PM   #1
Senior Member
 
Vet Man's Avatar
 
Join Date: Dec 2003
Posts: 739
Should the Auto makers recieve our tax money for a bailout? They have enough money to spend untold millions every year to suport NASCAR. I am a NASCAR fan and go to many races, but seems like we are bailing out a sport.
__________________

__________________
2008 Itasca 35A
2008 Honda CRV
2010 Chevy Colorado 4x4
Vet Man is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 12-18-2008, 04:50 PM   #2
Senior Member
 
Vet Man's Avatar
 
Join Date: Dec 2003
Posts: 739
Should the Auto makers recieve our tax money for a bailout? They have enough money to spend untold millions every year to suport NASCAR. I am a NASCAR fan and go to many races, but seems like we are bailing out a sport.
__________________

__________________
2008 Itasca 35A
2008 Honda CRV
2010 Chevy Colorado 4x4
Vet Man is offline   Reply With Quote
Old 12-19-2008, 07:52 PM   #3
jfb
Senior Member
 
Join Date: Jul 2006
Posts: 234
Motor sport endorsements, etc. are probably a drop in the bucket and are undoubltably on the chopping block.

What they are really after are those obscene corporate jets! And SUV's and big pickups....
__________________
jfb is offline   Reply With Quote
Old 12-19-2008, 08:54 PM   #4
Moderator Emeritus
 
Vette Racer's Avatar


 
Oklahoma Boomers Club
Join Date: Apr 2002
Location: Sand Springs, Oklahoma
Posts: 2,823
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by jfb:
Motor sport endorsements, etc. are probably a drop in the bucket and are undoubltably on the chopping block.

What they are really after are those obscene corporate jets! And SUV's and big pickups.... </div></BLOCKQUOTE> Whoops! I messed up and showed this as an edit when I just wanted to respond to the post. I just wanted to say that if it wasn't for the big trucks we couldn't pull our big trailers.
__________________
Tom
KE5NCP
2016 Silver Ram 3500 CC Dually, 2011 HitchHiker DA 349 RSB, 2014 Wrangler unlimited Rubicon
Vette Racer is offline   Reply With Quote
Old 12-19-2008, 09:02 PM   #5
Senior Member
 
LVJ58's Avatar
 
Join Date: Jul 2000
Location: Las Vegas, NV
Posts: 2,146
What I find interesting is how the Auto Makers were put through the 3rd degree when attempting to secure a loan.

However, it was the complete opposite with the big financial institutions who were given carte blanche access to tax payers money with no questions and no conditions as to how the monies should or would be spent.

It would appear double standards were at play in tax payer money hand-out game.
__________________
Jim & SherrySeward

2000 Residency 3790 v10 w/tags 5 Star tune & Banks system Suzuki XL7 toad
LVJ58 is offline   Reply With Quote
Old 12-19-2008, 10:36 PM   #6
Senior Member
 
Join Date: Sep 2005
Location: Cave Creek, AZ
Posts: 140
It is also interesting how Ford turned down the loan with all the strings attached. With the big banks and their bail out the big boys weren't given the option to opt out. They all had to take the money whether they wanted it or not.
__________________
ScottyP is offline   Reply With Quote
Old 12-20-2008, 01:55 AM   #7
Senior Member
 
randco's Avatar
 
Join Date: Jul 2008
Location: Sarasota, Florida
Posts: 604
If the big financial institutions went under more businesses would fail. The automobile industry's demise would be a drop in the bucket.

Look at what's already happened to the housing construction industry and the associated industries.

I think that Wall street got bailed out due to fear and after the public didn't see immediate results they said "no more bailouts."
__________________
2004 Damon Escaper 4076
randco is offline   Reply With Quote
Old 12-20-2008, 09:02 AM   #8
Senior Member
 
Ray,IN's Avatar
 
Join Date: Aug 2001
Location: North America somewhere
Posts: 13,699
<span class="ev_code_GREEN">This might put things in perspective:</span>

MSNBC.com
By the numbers Financial industry bailout

With the decision to commit $17.4 billion to the auto industry, the government "effectively has allocated the first $350 billion" tranch of a $700 billion financial bailout package, Treasury Secretary Henry Paulson said Friday. As of Dec. 16, $167.8 billion had been invested in banks, as detailed below. Another $40 billion went to bail out insurance giant AIG. The rest is committed to banks, including an additional $20 billion pledged to Citicorp.
Bank City State Amount

Wells Fargo & Company San Francisco CA $25,000,000,000
JPMorgan Chase & Co. New York NY $25,000,000,000
Citigroup Inc. New York NY $25,000,000,000
Bank of America Corporation Charlotte NC $15,000,000,000
The Goldman Sachs Group, Inc. New York NY $10,000,000,000
Morgan Stanley New York NY $10,000,000,000
Merrill Lynch & Co., Inc. New York NY $10,000,000,000
U.S. Bancorp Minneapolis MN $6,599,000,000
Capital One Financial Corporation McLean VA $3,555,199,000
SunTrust Banks, Inc. Atlanta GA $3,500,000,000
Regions Financial Corp. Birmingham AL $3,500,000,000
BB&T Corp. Winston-Salem NC $3,133,640,000
Bank of New York Mellon Corporation New York NY $3,000,000,000
KeyCorp Cleveland OH $2,500,000,000
Comerica Inc. Dallas TX $2,250,000,000
State Street Corporation Boston MA $2,000,000,000
Marshall & Ilsley Corporation Milwaukee WI $1,715,000,000
Northern Trust Corporation Chicago IL $1,576,000,000
Zions Bancorporation Salt Lake City UT $1,400,000,000
Huntington Bancshares Columbus OH $1,398,071,000
Popular, Inc. San Juan PR $935,000,000
First Horizon National Corporation Memphis TN $866,540,000
Associated Banc-Corp Green Bay WI $525,000,000
Webster Financial Corporation Waterbury CT $400,000,000
City National Corporation Beverly Hills CA $400,000,000
TCF Financial Corporation Wayzata MN $361,172,000
South Financial Group, Inc. Greenville SC $347,000,000
Wilmington Trust Corporation Wilmington DE $330,000,000
East West Bancorp Pasadena CA $306,546,000
Sterling Financial Corporation Spokane WA $303,000,000
Valley National Bancorp Wayne NJ $300,000,000
Susquehanna Bancshares, Inc Lititz PA $300,000,000
Citizens Republic Bancorp, Inc. Flint MI $300,000,000
UCBH Holdings, Inc. San Francisco CA $298,737,000
Cathay General Bancorp Los Angeles CA $258,000,000
SVB Financial Group Santa Clara CA $235,000,000
Trustmark Corporation Jackson MS $215,000,000
Umpqua Holdings Corp. Portland OR $214,181,000
Washington Federal Inc. Seattle WA $200,000,000
MB Financial Inc. Chicago IL $196,000,000
First Midwest Bancorp, Inc. Itasca IL $193,000,000
First Niagara Financial Group Lockport NY $184,011,000
Pacific Capital Bancorp Santa Barbara CA $180,634,000
United Community Banks, Inc. Blairsville GA $180,000,000
Boston Private Financial Holdings, Inc. Boston MA $154,000,000
Provident Bancshares Corp. Baltimore MD $151,500,000
National Penn Bancshares, Inc. Boyertown PA $150,000,000
Western Alliance Bancorporation Las Vegas NV $140,000,000
CVB Financial Corp Ontario CA $130,000,000
Sterling Bancshares, Inc. Houston TX $125,198,000
Banner Corporation Walla Walla WA $124,000,000
Signature Bank New York NY $120,000,000
Taylor Capital Group Rosemont IL $104,823,000
Old National Bancorp Evansville IN $100,000,000
Pinnacle Financial Partners, Inc. Nashville TN $95,000,000
Iberiabank Corporation Lafayette LA $90,000,000
Midwest Banc Holdings, Inc. Melrose Park IL $84,784,000
Sandy Spring Bancorp, Inc. Olney MD $83,094,000
Columbia Banking System, Inc. Tacoma WA $76,898,000
TowneBank Portsmouth VA $76,458,000
Wesbanco Bank Inc. Wheeling WV $75,000,000
Bank of the Ozarks, Inc. Little Rock AR $75,000,000
Independent Bank Corporation Ionia MI $72,000,000
Virginia Commerce Bancorp Arlington VA $71,000,000
Southwest Bancorp, Inc. Stillwater OK $70,000,000
Superior Bancorp Inc. Birmingham AL $69,000,000
Nara Bancorp, Inc. Los Angeles CA $67,000,000
First Financial Holdings Inc. Charleston SC $65,000,000
Wilshire Bancorp, Inc. Los Angeles CA $62,158,000
Great Southern Bancorp Springfield MO $58,000,000
Center Financial Corporation Los Angeles CA $55,000,000
NewBridge Bancorp Greensboro NC $52,372,000
Ameris Bancorp Moultrie GA $52,000,000
The Bancorp, Inc. Wilmington DE $45,220,000
Southern Community Financial Corp. Winston-Salem NC $42,750,000
First Community Bankshares Inc. Bluefield VA $41,500,000
Capital Bank Corporation Raliegh NC $41,279,000
Heritage Commerce Corp. San Jose CA $40,000,000
Cascade Financial Corporation Everett WA $38,970,000
Eagle Bancorp, Inc. Bethesda MD $38,235,000
TIB Financial Corp Naples FL $37,000,000
First Defiance Financial Corp. Defiance OH $37,000,000
State Bancorp, Inc. Jericho NY $36,842,000
Porter Bancorp Inc. Louisville KY $35,000,000
Encore Bancshares Inc. Houston TX $34,000,000
Bank of North Carolina Thomasville NC $31,260,000
Bank of Marin Bancorp Novato CA $28,000,000
Centerstate Banks of Florida Inc. Davenport FL $27,875,000
LNB Bancorp Inc. Lorain OH $25,223,000
HF Financial Corp. Sioux Falls SD $25,000,000
Heritage Financial Corporation Olympia WA $24,000,000
Severn Bancorp, Inc. Annapolis MD $23,393,000
Blue Valley Ban Corp Overland Park KS $21,750,000
Indiana Community Bancorp Columbus IN $21,500,000
Unity Bancorp, Inc. Clinton NJ $20,649,000
Citizens South Banking Corporation Gastonia NC $20,500,000
First PacTrust Bancorp, Inc. Chula Vista CA $19,300,000
HopFed Bancorp Hopkinsville KY $18,400,000
Bank of Commerce Holdings Redding CA $17,000,000
1st FS Corporation Hendersonville NC $16,369,000
Valley Financial Corporation Roanoke VA $16,019,000
LSB Corporation North Andover MA $15,000,000
Oak Valley Bancorp Oakdale CA $13,500,000
First Community Corporation Lexington SC $11,350,000
First Litchfield Financial Corporation Litchfield CT $10,000,000
Central Bancorp, Inc. Somerville MA $10,000,000
Coastal Banking Company, Inc. Fernandina Beach FL $9,950,000
Southern Missouri Bancorp, Inc. Poplar Bluff MO $9,550,000
Broadway Financial Corporation Los Angeles CA $9,000,000
Central Federal Corporation Fairlawn OH $7,225,000
Old Line Bancshares, Inc. Bowie MD $7,000,000
Fidelity Bancorp, Inc. Pittsburgh PA $7,000,000
Pacific International Bancorp Seattle WA $6,500,000
FPB Bancorp, Inc. Port St. Lucie FL $5,800,000
Northeast Bancorp Lewiston ME $4,227,000
Manhattan Bancorp El Segundo CA $1,700,000

Source: U.S. Treasury

Updated: 3:10 p.m. ET Dec. 19, 2008

© 2008 MSNBC.com

URL: http://www.msnbc.msn.com/id/28316652/
<span class="ev_code_BROWN">As to "bailing out a sport"; it's advertising, written off the bottom line, but that's another can of worms.</span>
__________________
2000 Winnebago Ultimate Freedom USQ40JD, ISC 8.3 Cummins 350, Spartan MM Chassis. USA 1SG, retired;PPA,Good Sam Life member,FMCA."We the people are the rightful masters of both the Congress and the Courts - not to overthrow the Constitution but to overthrow men who pervert the Constitution. "Abraham Lincoln"
Ray,IN is offline   Reply With Quote
Old 12-20-2008, 09:33 AM   #9
Senior Member
 
Lindsay Richards's Avatar
 
Join Date: Dec 2007
Location: Tavares, FL
Posts: 1,644
The amounts the big 3 spends on NASCAR is in the millions, the loans and their debt is in the billions. Big differences.
__________________
http://www.linandnancy.com
Lindsay Richards is offline   Reply With Quote
Old 12-20-2008, 05:59 PM   #10
Senior Member
 
Join Date: May 2007
Location: Indiana
Posts: 443
Look around,all major corporations advertise in all ways. Key Arena [Keybank] in Seattle, Wa. doesn't even have a NBA team playing in it,yet pays millions to have it's name on the arena. Several of the banks are in bad shape due to the bad loans that they have written, and would be gone, along with many of the IRA's & 401K's of many retirees. They all need to advertise or they won't be able to reach the customer. Indiana Journey
__________________
indiana journey is offline   Reply With Quote
Old 12-21-2008, 04:51 AM   #11
Senior Member
 
Join Date: Oct 2005
Posts: 1,060
A bailout to give the people who ran the company into the ground large bonuses and rediculous salaries while the employees get paycuts seems a little off.IGAs half million dollar party to celebrate the bailout money followed by more money doesn't make sense to me.But then I'm not a ceo or politishion.
BOB
__________________
bldrbob is offline   Reply With Quote
Old 12-21-2008, 06:47 PM   #12
Senior Member
 
Lindsay Richards's Avatar
 
Join Date: Dec 2007
Location: Tavares, FL
Posts: 1,644
The AIG insurance companyís $400,00 party was not to celebrate the bailout, but was an rewards party for top selling independent brokers for using their products when they could have sold otherís insurance products. This type of thing is common in many industries and is figured into the cost of the product, kind of like a commission. Companies do it because it makes them money. It is perfectly legal and as a taxpayer and now part owner of AIG I certainly want them to be successful and make money so that they can pay the government (thatís me too) back the money we lent them. The party (a yearly event planed long before the bailout) was a legitimate event, but distorting it has made a great story for the news media. Lets try to make AIG a success so they can give us back our money. Many of the uses of the bailout money (like buying a bank in China) I do not approve of, but this AIG think is just a figment of the media to ensnare people not wanting to g=check out the facts.
__________________
http://www.linandnancy.com
Lindsay Richards is offline   Reply With Quote
Old 12-21-2008, 07:32 PM   #13
Moderator Emeritus
 
TXiceman's Avatar


 
Vintage RV Owners Club
Texas Boomers Club
Oklahoma Boomers Club
Ford Super Duty Owner
Join Date: Aug 2000
Location: Full Time, TX Home Base
Posts: 17,150
Blog Entries: 21
The corporate managers should realize that they need to SAVE money by now. Granted AIG had this event planed well before the bail out, but they should have cut back the festivities. They also need to cut out bonuses and such because the company is not performing.

Where I work, we have been told we had a great 2008, but 2009 is not so certain, so hiring is stopped, travel is stopped (requires higher level approval for travel), only seminars we can attend are local, or if you are a officer or committee chairman you can get one trip per year for now and there will be no salary increases or bonuses in 2009. The company is in a good cash position, owes no one and intends to stay solvent by prudent spending and control of the butgets.

So a company that is asking for a bail out should be making serious adjustments to their policy for any bonuses and spending for seminars, etc.

Ken
__________________
Amateur Radio Operator (KE5DFR)|Full-Time! - 2012 6.7L Ford Crew Cab Dually -2013 HitchHiker Champagne 38RLRSB - Travel with one Standard Schnauzer and one small Timneh African Gray Parrot
TXiceman is offline   Reply With Quote
Old 12-23-2008, 08:43 AM   #14
Senior Member
 
Lindsay Richards's Avatar
 
Join Date: Dec 2007
Location: Tavares, FL
Posts: 1,644
I am having a hard time imaging Dale Jr.'s car being sponsered by Stay Free Minipads. What are we coming to?
__________________

__________________
http://www.linandnancy.com
Lindsay Richards is offline   Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
auto levelers up or down? moldmkr Class A Motorhome Discussions 7 11-01-2008 03:49 AM
Mortgage bailout hondo122 Just Conversation 3 10-12-2008 10:41 AM
Auto Park PRM007 MH-General Discussions & Problems 5 08-23-2007 10:34 AM
Auto Leveling Steve and Richard Alpine Coach Owner's Forum 5 06-14-2006 08:28 AM
Auto park partycliff MH-General Discussions & Problems 4 06-01-2005 04:59 AM

» Virginia Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 03:44 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.