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HomeI’ve Got a Bridge To Sell You
Posted by Larry Doyle on June 13th, 2011 6:00 PM |
Have you ever been in a situation in which you needed to quickly identify a vehicle?
I recall getting hit from behind by a speeding vehicle in Bridgeport as we exited from a minor league baseball game. I focused so quickly on the license plate of the car as it screamed through a red light to get away. My adrenaline rushed like a river.
Can you imagine being in a similar situation and telling one of ‘our finest’, well I did not fully get the plate but I know the guy must have liked Rick’s Plumbing or Speedy’s Car Wash? What am I talking about? Why do I raise this topic? Well, with so many states in our nation strapped for cash do not be surprised if you see states selling ads on license plates. Really? Yes sir. Check this out… (more…)
Illinois and Loan Sharks
Posted by Larry Doyle on December 13th, 2010 7:10 AM |
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Those strapped for cash will go to great lengths to buy time and seek relief. This reality is not pleasant but it is reality. In a world awash in a sea of debt, the debtors will continually be faced with the prospects of devaluing, defaulting, or restructuring their debts. Prior to defaulting or restructuring, debtors will often resort to “unique strategies” to postpone the day of reckoning.
This reality very often plays out at the individual level or the small business level. When large corporate entities are forced to “unique strategies” to continue operations, that typically is not a very good sign. But what about municipalities? What does it mean when a city, state, or town is forced to a “unique strategy” in order to continue operations? Not a very good sign either, right? Right.
Well, indications are that the state of Illinois is resorting to a “unique strategy” and “paying up” in order to get short term financing. (more…)
