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Old 01-07-2009, 11:58 PM   #1
96ukssob
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:mad What is with all the Bailouts?

I just saw on TV here that a store Boscov's is asking for a bailout now. They filed for bankruptcy a number of months ago and has shut down a number of stores over the years.

If you dont know the store, its like upscale version of Kmart, they sell everything from clothes to treadmills and sneakers. In either case, they are located in poor traffic areas or crappy malls. Everytime I have been in a Boscovs there is hardly anyone there.

Anyway, them asking for a bailout is just ridiculous. they are failing because their store sucks. regardless of the economy, they would fail anyway.

It annoys me that companies like this try and use the "bailout" to score some easy tax pay money to save their failing company.

IMO, we as tax payers should vote for these types of things. F this, tomorrow, im asking for a bailout
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Old 01-08-2009, 12:04 AM   #2
spacedog
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don't worry.. King messiah will save everyone in 9 days
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Old 01-08-2009, 12:15 AM   #3
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don't worry.. King messiah will save everyone in 9 days
I'll just stop working now and wait
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Old 01-08-2009, 02:32 AM   #4
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IMO, we as tax payers should vote for these types of things. F this, tomorrow, im asking for a bailout
ok larry
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Old 01-08-2009, 02:36 AM   #5
DamageX
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Originally Posted by bossku69 View Post
I just saw on TV here that a store Boscov's is asking for a bailout now. They filed for bankruptcy a number of months ago and has shut down a number of stores over the years.

If you dont know the store, its like upscale version of Kmart, they sell everything from clothes to treadmills and sneakers. In either case, they are located in poor traffic areas or crappy malls. Everytime I have been in a Boscovs there is hardly anyone there.

Anyway, them asking for a bailout is just ridiculous. they are failing because their store sucks. regardless of the economy, they would fail anyway.

It annoys me that companies like this try and use the "bailout" to score some easy tax pay money to save their failing company.

IMO, we as tax payers should vote for these types of things. F this, tomorrow, im asking for a bailout
The financial crisis also happened due to poor business judgement, as did the car makers problems. They got bailouts, why shouldn't this store?
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Old 01-08-2009, 02:41 AM   #6
KillerK
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If the car guys get money, anyone should
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Old 01-08-2009, 03:45 AM   #7
JD
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i'm filing for my bailout tomorrow
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Old 01-08-2009, 05:03 AM   #8
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exactly what you said about Boscov's can be said about the automobile industry and the financial institutions.

the automobile companies were failing way before the economy went to shit. their cars are inferior compared to european and japanese cars and always need to be repaired, and they never adapted.

well, financial institutions. do i have to tell you it is their own fault for going bankrupt by getting into risky loans? i think this record has been played over and over again.
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