Greedy **** Turns Down $974M Divorce Settlement |
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Greedy **** turns down $974M divorce settlement
Bloodrose said: » Except there's no actual record or proof of her contribution to the amassing of his wealth. And the amount ordered to pay via court had to be borrowed. Being worth a certain amount of money, and having it are also two entirely different things. Bahamut.Milamber said: » Asura.Kingnobody said: » Personal budgeting, or lack thereof, was a major factor in the economic/housing crisis of 2008/2009. I don't care what anyone else will say about it, nobody forced individuals in signing a contract. Interest only no income no job/assets loans are pretty damn risky; the only time you would be issuing is if the underlying asset which will be confiscated under default could be liquidated for around the value of the loan (ideally more). And, for better or worse, at least one of those parties should have known better than to be offering the loans in the first place. Since it is kind of their job to know better. Asura.Kingnobody said: » Bahamut.Milamber said: » Asura.Kingnobody said: » Personal budgeting, or lack thereof, was a major factor in the economic/housing crisis of 2008/2009. I don't care what anyone else will say about it, nobody forced individuals in signing a contract. Interest only no income no job/assets loans are pretty damn risky; the only time you would be issuing is if the underlying asset which will be confiscated under default could be liquidated for around the value of the loan (ideally more). And, for better or worse, at least one of those parties should have known better than to be offering the loans in the first place. Since it is kind of their job to know better. If the issuer for a loan has no interest or ability for the loan to be paid back, then you will have *many* failed loans.
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Bahamut.Milamber said: » Asura.Kingnobody said: » Bahamut.Milamber said: » Asura.Kingnobody said: » Personal budgeting, or lack thereof, was a major factor in the economic/housing crisis of 2008/2009. I don't care what anyone else will say about it, nobody forced individuals in signing a contract. Interest only no income no job/assets loans are pretty damn risky; the only time you would be issuing is if the underlying asset which will be confiscated under default could be liquidated for around the value of the loan (ideally more). And, for better or worse, at least one of those parties should have known better than to be offering the loans in the first place. Since it is kind of their job to know better. If the issuer for a loan has no interest or ability for the loan to be paid back, then you will have *many* failed loans. I'm not shifting any blame away from the issuers, I'm just pointing out the lack of (acknowledged) responsibility that the borrowers have. People (especially on this website) are so quick to condemn corporations and businesses, but when the fault lays equally on the individual, they either ignore or argue against the blame. @Milamber I'm not in debt and have savings, so budgeting might not be the word you're looking for.
Totally agree with bloodrose. A lot comes into play when calculating an individuals worth. Al Waleed Ibn Talal may be worth 13 billion, but if he ever tried to cash his chips he would get 1/10th of that in Liquid cash. EDIT: @King - the loaner can always refuse to issue the loan. The bank's profession is to be able to discern good debt from bad debt. The subprime mortgage crisis isn't even 10 years old yet and people have forgotten the lessons learned. Asura.Kingnobody said: » Personal budgeting, or lack thereof, was a major factor in the economic/housing crisis of 2008/2009. I don't care what anyone else will say about it, nobody forced individuals in signing a contract. There are several major problems with the 2007/2009 financial crises. Not all problems listed below 1. was how the banks and financial institutions spread their risk. They didn't. The bundled and rebundled derivatives became so opaque that everyone had bad assets. When defaults occurred it spread quickly (contagion) throughout those markets 2. the lack of capital on hand to cover the investments that failed 3. People had loans they could not afford and shouldn't have been issued. 4. Bailout directly to financial institutions which led to the credit crunch. If companies cannot evaluate risk they will not be taking that risk. So limited lending occurred. I don't understand why the government has any say what so ever in mariage affairs. Do we marry the government when we get married? Government needs to gtfo of our marriages. . .
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Valefor.Endoq said: » I don't understand why the government has any say what so ever in mariage affairs. Do we marry the government when we get married? Government needs to gtfo of our mariages. . . It has always been apart of contract law
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Ok then add new years resolutions to contract law as well.
Blazed1979 said: » @Milamber I'm not in debt and have savings, so budgeting might not be the word you're looking for.
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Budgeting is the right word. You tend to create a budget on money earned and money spent.
Incoming cash flow versus outgoing. What you spend you income on, and what you spend your disposable income on. Basically, it's broken down like this: Net Income Winnings Gifts etc. Then you have: Rent/Mortgage Loan repayment heat/water/electricity And disposable is quantified in: Groceries Entertainment Clothing Other. Most reasonable people are able to budget their income to create a savings to put into. Others, live life dangerously and spend their disposable income above and beyond what is necessary without planning or having some kind of financial safety net.
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Valefor.Endoq said: » Ok then add new years resolutions to contract law as well. 
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Bahamut.Milamber said: » Blazed1979 said: » @Milamber I'm not in debt and have savings, so budgeting might not be the word you're looking for. Budgeting is simply allocating a source for your expenditure. I think what you're trying to say is cut your costs and expenditure. (reduce your spending) Valefor.Endoq said: » I don't understand why the government has any say what so ever in mariage affairs. Do we marry the government when we get married? Government needs to gtfo of our marriages. . . It's the basis behind the divorce court proceedings. Bahamut.Milamber said: » Asura.Kingnobody said: » Bahamut.Milamber said: » Asura.Kingnobody said: » Personal budgeting, or lack thereof, was a major factor in the economic/housing crisis of 2008/2009. I don't care what anyone else will say about it, nobody forced individuals in signing a contract. Interest only no income no job/assets loans are pretty damn risky; the only time you would be issuing is if the underlying asset which will be confiscated under default could be liquidated for around the value of the loan (ideally more). And, for better or worse, at least one of those parties should have known better than to be offering the loans in the first place. Since it is kind of their job to know better. If the issuer for a loan has no interest or ability for the loan to be paid back, then you will have *many* failed loans. Legislation skewed the table and encouraged banks to lend to people who could not afford to pay back their loans, specifically to thumb the nose at statistics involving the economics of race demographics. All for the sake of fairness. In 2006 you did not want to incur the government wrath of being a bank in a poor area with a high population of minorities and only giving money to the ones who could afford it.
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Ragnarok.Nausi said: » Bahamut.Milamber said: » Asura.Kingnobody said: » Bahamut.Milamber said: » Asura.Kingnobody said: » Personal budgeting, or lack thereof, was a major factor in the economic/housing crisis of 2008/2009. I don't care what anyone else will say about it, nobody forced individuals in signing a contract. Interest only no income no job/assets loans are pretty damn risky; the only time you would be issuing is if the underlying asset which will be confiscated under default could be liquidated for around the value of the loan (ideally more). And, for better or worse, at least one of those parties should have known better than to be offering the loans in the first place. Since it is kind of their job to know better. If the issuer for a loan has no interest or ability for the loan to be paid back, then you will have *many* failed loans. Legislation skewed the table and encouraged banks to lend to people who could not afford to pay back their loans, specifically to thumb the nose at statistics involving the economics of race demographics. All for the sake of fairness. In 2006 you did not want to incur the government wrath of being a bank in a poor area with a high population of minorities and only giving money to the ones who could afford it. Are you blaming Clinton? Ragnarok.Nausi said: » Legislation skewed the table and encouraged banks to lend to people who could not afford to pay back their loans, specifically to thumb the nose at statistics involving the economics of race demographics. All for the sake of fairness. In 2006 you did not want to incur the government wrath of being a bank in a poor area with a high population of minorities and only giving money to the ones who could afford it. And banks did not make significant profits from this Bloodrose said: » Valefor.Endoq said: » I don't understand why the government has any say what so ever in mariage affairs. Do we marry the government when we get married? Government needs to gtfo of our marriages. . . It's the basis behind the divorce court proceedings. Valefor.Endoq said: » Bloodrose said: » Valefor.Endoq said: » I don't understand why the government has any say what so ever in mariage affairs. Do we marry the government when we get married? Government needs to gtfo of our marriages. . . It's the basis behind the divorce court proceedings. Love is watching her leave without having to pay her. Bahamut.Kara said: » Ragnarok.Nausi said: » Legislation skewed the table and encouraged banks to lend to people who could not afford to pay back their loans, specifically to thumb the nose at statistics involving the economics of race demographics. All for the sake of fairness. In 2006 you did not want to incur the government wrath of being a bank in a poor area with a high population of minorities and only giving money to the ones who could afford it. And banks did not make significant profits from this They did until everyone stopped paying their mortgages.
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Marriage predates the notion of marrying for love.
It was often used as a means to good graces with another individual, family affiliation, or good will with other countries. It's not really about love, because people fall out of love as easily as they do into it. Then there are the unfaithful types who ruin the marriage - not because they don't love the person they are with, but because there isn't enough intimacy, or simply because they enjoy being loved by more than 1 person at a time. Cultures are not the 1 you simply envision them to be in the way you want them to be, based on your preconceived notions. To claim or act in such a way is counter-productive to what love is.
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Blazed1979 said: » Valefor.Endoq said: » Bloodrose said: » Valefor.Endoq said: » I don't understand why the government has any say what so ever in mariage affairs. Do we marry the government when we get married? Government needs to gtfo of our marriages. . . It's the basis behind the divorce court proceedings. Love is watching her leave without having to pay her. Valefor.Endoq said: » Blazed1979 said: » Valefor.Endoq said: » Bloodrose said: » Valefor.Endoq said: » I don't understand why the government has any say what so ever in mariage affairs. Do we marry the government when we get married? Government needs to gtfo of our marriages. . . It's the basis behind the divorce court proceedings. Love is watching her leave without having to pay her.
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Bloodrose said: » Valefor.Endoq said: » Blazed1979 said: » Valefor.Endoq said: » Bloodrose said: » Valefor.Endoq said: » I don't understand why the government has any say what so ever in mariage affairs. Do we marry the government when we get married? Government needs to gtfo of our marriages. . . It's the basis behind the divorce court proceedings. Love is watching her leave without having to pay her. Bloodrose said: » Valefor.Endoq said: » Blazed1979 said: » Valefor.Endoq said: » Bloodrose said: » Valefor.Endoq said: » I don't understand why the government has any say what so ever in mariage affairs. Do we marry the government when we get married? Government needs to gtfo of our marriages. . . It's the basis behind the divorce court proceedings. Love is watching her leave without having to pay her. Valefor.Endoq said: » Bloodrose said: » Valefor.Endoq said: » Blazed1979 said: » Valefor.Endoq said: » Bloodrose said: » Valefor.Endoq said: » I don't understand why the government has any say what so ever in mariage affairs. Do we marry the government when we get married? Government needs to gtfo of our marriages. . . It's the basis behind the divorce court proceedings. Love is watching her leave without having to pay her. It kinda is. Its just a mechanism for ensuring your biological DNA lives on. Ragnarok.Nausi said: » Bahamut.Kara said: » Ragnarok.Nausi said: » Legislation skewed the table and encouraged banks to lend to people who could not afford to pay back their loans, specifically to thumb the nose at statistics involving the economics of race demographics. All for the sake of fairness. In 2006 you did not want to incur the government wrath of being a bank in a poor area with a high population of minorities and only giving money to the ones who could afford it. And banks did not make significant profits from this They did until everyone stopped paying their mortgages. Legislation passed in the 80's helped set-up the problems. Banks actively lobbied for this in order to create different financial instruments for lending and not have to abide by convential fixed rate mortgages. Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA) Alternative Mortgage Transactions Parity Act of 1982 (AMTPA) The financial crises was caused by many factors. Blazed1979 said: » Valefor.Endoq said: » Bloodrose said: » Valefor.Endoq said: » Blazed1979 said: » Valefor.Endoq said: » Bloodrose said: » Valefor.Endoq said: » I don't understand why the government has any say what so ever in mariage affairs. Do we marry the government when we get married? Government needs to gtfo of our marriages. . . It's the basis behind the divorce court proceedings. Love is watching her leave without having to pay her. It kinda is. Its just a mechanism for ensuring your biological DNA lives on. |
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