[PRCo] Re: Lease back financing

[John Swindler]

I didn't say it was the first victim of any great depression, of which there hasn't been one since 1930s.  What was unemployment in 1993 and what is it today?  And what about 1982?  And what about 1933?  Wasn't it around 24% then?
 
But the SEPTA instructor commented that they had a guy in Philly recently took a hike off the 33rd floor of a downtown building.  (perhaps Rich Allman could verify the authenticity)  But he also commented that it was a change from the usual college student testing out the 600 volts, which is the more typical suicide.  So lets not blow up a single incident. 
 
We just got back from Berkshire Mall area.  If there is a depression, why did all the check-out lines at Wal-mart have long lines, why was the mall parking lot filled almost to capacity and stores crowded, and why were there long waiting lines at Red Lobster and Applebees?  My wife commented that Bonton and Boscov had clothing priced at 75% and more off (list price is fictious anyway) and customers were cleaning out the inventory.  Makes me wonder if merchents are fearing tales of gloom and doom, and discounting too much.  
 
But the experience today is the other side.  Fred and I were recently at dinner when the third party mentioned that his 401k is now a 200 and a half.  And there are plenty of stories of layoffs and business closings to fill up the newspaper.  
> From: fwschneider at comcast.net> Subject: [PRCo] Re: Lease back financing> Date: Sat, 13 Dec 2008 16:34:49 -0500> To: pittsburgh-railways at dementia.org> > Someone, and it may have been John Swindler in a phone call, said we > had our first victim of the Great Depression of 2008 jumping of a > building.> > I think a lot of people are going to get bitten in the behind.> > On Dec 13, 2008, at 4:21 PM, Phillip Clark Campbell wrote:> > > Mr.Swindler;> >> >> > If what you infer about tobacco is true then it probably doesn't > > stop there does it.> > How many other places were such financing 'deals' made that will > > come back to> > bite us within the next decade? For obvious reasons these 'deals' > > may not affect> > us directly but what about our families? How could we speak up now > > to expose> > and hopefully 'correct' these situations? Do we need grand jury > > investigations at> > all levels?> >> >> > Phil> >> >> >> >> >> > ----- Original Message ----> >> From: John Swindler <j_swindler at hotmail.com>> >> To: pittsburgh-railways at dementia.org> >> Sent: Saturday, December 13, 2008 5:32:10 AM> >> Subject: [PRCo] Re: Lease back financing> >>> >>> >>> >> There's about 30 some transit agencies affected. Perhaps it is > >> not so much AIG> >> and the transit systems - it is the brokers that received hefty > >> commissions for> >> putting these agreements together. That's where the real money is > >> made and> >> decisions are made - at the individual level.> >>> >> Do you remember those multi billion dollar tobacco settlements > >> between the> >> tobacco companies and various states about ten years ago? The > >> tobacco companies> >> agreed to make payments over several decades. Guess what your > >> state politicians> >> have been doing over past few years and who is now 'on the hook' > >> if tobacco> >> consumption declines?> >>> >> John> >> >> >> >> >> >> > 
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