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BOA and Citi need to get smacked...and with something more substantial than a downgrade from a rating agency that lost it's relevance. BOA, Citi, S&P and their ilk ARE the problem.
BOA and Citi need to get smacked...and with something more substantial than a downgrade from a rating agency that lost it's relevance. BOA, Citi, S&P and their ilk ARE the problem.
Yep. Everything is all fine-and-dandy. Whistling in the Graveyard.
Again this curious phenomenon where people who disagree with an assessment of extreme negative such as economic collapse are automatically lumped into the equally ludicrous other extreme of all is fine and dandy.
Again this curious phenomenon where people who disagree with an assessment of extreme negative such as economic collapse are automatically lumped into the equally ludicrous other extreme of all is fine and dandy.
Divided we fall.
We need the cautiously optimistic, it keeps the discussion exercised.
Well done article on the AA filing, as we would expect from the NYTimes. However, I do not believe this bankruptcy filing is a good argument in favor of the thread topic thesis, namely "Financial collapse is upon us". As the article points out, the major legacy carriers which are the direct competition of AA, Delta and United, have entered and exited bankruptcy within the past several years, leaving them at a competitive advantage over AA with AA mired in debt (liabilities exceeding assets). Large companies filing for bankruptcy are hardly a sign that all is well, but they are not proof of collapse either. General Motors came through it. If history is any guide, airlines come and go, even the most respected giants of yore such as Pan Am. Hasn't it been about 15 years since Pan Am not only entered bankruptcy but also ceased operations and died an ignoble death? These things happen, and not only since our economic meltdown of 2007. Just for the record, I am not of the opinion that "everything is fine and dandy". Just trying to put the AA filing in perspective.
Again this curious phenomenon where people who disagree with an assessment of extreme negative such as economic collapse are automatically lumped into the equally ludicrous other extreme of all is fine and dandy.
Naw, I like your stuff.
I snicker out loud -- need an Snicker-Out-Loud emoticon -- every time you bite into one of the Doomer's butts.
Don't take me that serious. I am just sort of a jackass for sport.
[insert encyclopedia chapter here] . . . . Just trying to put the AA filing in perspective.
You writing the Wiki article on it?
I figure it was just time to f the pilots.
Along with anyone dumb enough to give AMR credit.
So they did.
Truly Business As Usual.
As far as The One True Sign of Collapse . . . I still figure we are just still spiraling down with no fuel in the tanks. No hurry, we will get down there soon enough.
Waitress -- er ah, Stewardess -- umm, make that Flight Attendant. I would like another Scotch. Make it a double.
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