Posted by Wile E on July 28, 2012 at 04:10:13 from (68.188.184.133):
In Reply to: OT - I hate banks... posted by Lyndon - AB on July 27, 2012 at 12:06:11:
One thing to think about. I know of a home builder that wanted to buy a track of land say 40 acres. But they need 1 million dollars to buy the land. So....A bank will not loan him the money so they go to a wealthy investor, also known as a venture capitalist. A legal document is drawn up that says if the builder defaults on the repayment of the 1 million the venture capitalist gets the 40 acres. The guy loaning the money usually gets paid back the 1 million with 15% return in 1 or 2 years. And a subdivision is put in and the builder makes his money. Isnt capitalism a great thing. You need to find a wealthy uncle.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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