bring back the bubble car
quote:
Originally posted by Mr Whippy
bring back the bubble car
Major rant.....
It's that their "financial products" did OK....
They mean loans I assume.....
It really annoys when banks and insurance people claim to offer "products" when in fact they are services....but oh
no..."products" sound much more worthwhile and meaningful don't they......robbing bastards the lot of 'em....
Just IMO of course.
I'm with you Alan. A product is something tangible, you can touch it and hold onto it.
The rest are as you say, services. Isn't that what they used to be referred to as?
Bank managers are only shylock money sellers, by any other name. Don't trust a one of 'em!
Cheers,
Syd.
Edit-Having read the article, it's obvious that they are selling the cars at a loss, then making the money on the finance interest. Just like
most yank makers have been doing for years.
I negotiated a really good knock down price on a van in Ft.Lauderdale, years ago. When it came time to finalise, the salesman didn't want to sell
it for the cash offered, but insisted on finance. He got a bit of a fright and backed down, when my boss (who wandered in after me) offered to buy the
dealership! When who the boss was became apparent, the gent relented and sold for cash, at a loss, he then went on to add. Poor thing! 
[Edited on 13/11/08 by Syd Bridge]
When banks lose money there is only one problem, it's our money that we deposited and they gambled with 
Then the government bails them out
with our money that we paid in taxes, they can't lose really can they. It's like the water companies who charge us for taking the water that
falls from the sky away from your property via drains and then sells it back to you and it doesn't get any cheaper when there's too much of
it and you don't get a rebate when their drains fail and you get flooded.
Sorry, I have to go and lie down now, where's my tablets
[Edited on 13/11/08 by Peteff]
quote:
Originally posted by Alan B
Major rant.....
It's that their "financial products" did OK....
They mean loans I assume.....
It really annoys when banks and insurance people claim to offer "products" when in fact they are services....but oh no..."products" sound much more worthwhile and meaningful don't they......robbing bastards the lot of 'em....
Just IMO of course.
