@dfwxjer wrote:
@Lurker22 wrote:
@dfwxjer wrote:
@Lurker22 wrote:
@dfwxjer wrote:
@Sporky wrote:
Amazing that some people replying can't put 2 and 2 together to realize that there is a large segment of people interested in getting off the black list because they'd like an Amex and their financial situation is different than it was 23 years ago but definitely aren't willing to pay for that "privilege".
It seems you have the same bottom tier ethics as you did 23 years ago. Paying a debt *you* accrued isn't a privilege, it's holding yourself accountable for your own actions.
I hear what you're saying but shouldn't we then take that same standard and apply it to oranizations? I mean shouldn't GM, Chrysler and a large number of banks have been allowed to go out of business? I guess we could have sold off Detroit and Puerto Rico to pay their debts .... I guess what I'm saying is everyone, people and companies alike, make mistakes......sure companies are not required to do business with everyone nor are individuals but to shame someone for their past mistake, sorry I'm not there personally....and yes I do choose to do business with a number of oranizations that have needed assistance in their past, but it's my choice to look past their prior mistakes
The difference is all of those businesses/banks re-paid their debts with interest.
Making a mistake is one thing, but to avoid taking accountability and then expect a second chance without repaying the original obligation is hilariously disgusting.
Your statement is factually incorrect, yes old GM's secured creditors were "largely made whole" but that is not the same things as paying 100% of the debt back with interest, Chrysler paid back even less....we can go on and on but again your statement is factually incorrect
False, both repaid their debts ahead of schedule with interest. The terms were poorly created by the administration at the time, but that doesn't change the fact the automakers did exactly what was expected of them.
Not sure where you're pulling your info but it's simply not correct, Motor Liquidation Company hasn't come close, nor has Old Carco LLC - or are you cherrypicking and only referring to the new companies after their bankruptcies? If that's the case that is certainly misleading......you're certainly entitled to believe whatever you'd like but unfortunately the facts just do not support your point of view
