Community > General Discussion

Topic: With all the banks in trouble
awolf1010 Joined Sun 03/30/08 Posts: 7251	Sun 10/05/08 09:09 PM
trans canada pipeline is going in here....6,000/week if you weld and have your own rig.

PATSFAN Joined Mon 12/10/07 Posts: 42782	Sun 10/05/08 09:12 PM
Pats - check into job retraining grants too, you may be able to get some schooling funded for some training. Worth looking into. Your rite, I'm going to look into what the state may have to offer, most times people overlook the benefits that are offered.

PATSFAN Joined Mon 12/10/07 Posts: 42782	Sun 10/05/08 09:15 PM
Patsfan..damn man..I'm sorry. Try getting into the medical field. Lot's of jobs and decent benefits. Ya know it's funny you say that, I thought the same thing, That's a field there will always be a need for!! Look at it as a way to revamp your life. Go back to school and find something you love (bonus when you can get paid for it..lol). I work as a tech and I don't forsee my job being cut. There are too many sick people (plus the hospital doesn't want to pay all of the nurses they'd have to hire to fill in the holes for us "lower" people..haha). Growing up in Boston & now living near by, I think the need for health care should be plentiful.

Winx Joined Fri 08/31/07 Posts: 39051	Sun 10/05/08 09:44 PM Edited by Winx on Sun 10/05/08 09:50 PM
I was told at the end of this month, The shop I'm working at is closing!! Ohhh....Pats. I am so very sorry to hear that. How long have you worked there? 6 years Awww....man..that stinks. I am so sorry. But..it will all work out in the end. I wish you the best.

Winx Joined Fri 08/31/07 Posts: 39051	Sun 10/05/08 09:48 PM
I am getting them too Winx. Congress is buying thier "bad debts" so they can loan you MORE money they don't have & earn More interest at lower risk to them. They are trying to squeeze every penny from us. I am seeing ads online claiming that you can refinance mortages now thanks to the government. This seem to be a continuation of what caused the trouble in the 1st place. Well, I'm not falling for it. I throw that junk away.

Marie55 Joined Wed 08/30/06 Posts: 7007	Sun 10/05/08 09:50 PM
I know years ago the government was paying for people to be retrained when their jobs were cut from some fields. A friend's husband was a logger and when his job was cut, he got a grant to go to school to become a nurse. I believe it paid his whole tuition and all fees. Definitely worth checking into. You are right though, Boston area should have an abundance of hospitals with medical-type workers needed. Good luck.

Puffins1958 Joined Tue 02/27/07 Posts: 13637	Sun 10/05/08 09:51 PM
All I want is my freakin mortgage!!!!! ahhhhhhhhhhhhhh, it's killing me

Dredz_Hang_Low Joined Fri 12/28/07 Posts: 796	Sun 10/05/08 09:58 PM
im fairly clueless on this bank thing but it would seem to me they arent really broke. it seems like they have a bunch of houses that they own and cant pay for right now... in essence they cant pay their mortgage and when they do pay it they cant loan other people money.... however the houses are still worth money. so if the banks held on to the houses they would be worth money... so its not that the banks dont have money they dont have liquid capitol am i wrong?

Marie55 Joined Wed 08/30/06 Posts: 7007	Sun 10/05/08 09:59 PM
Sorry Puffins. Hope things work out for you. I got mine in February, right in the beginning of this nightmare, now actually wish I hadn't in many ways. I hope things work out for you.

Mindsi Joined Tue 05/13/08 Posts: 1666	Wed 10/08/08 05:44 AM
im fairly clueless on this bank thing but it would seem to me they arent really broke. it seems like they have a bunch of houses that they own and cant pay for right now... in essence they cant pay their mortgage and when they do pay it they cant loan other people money.... however the houses are still worth money. so if the banks held on to the houses they would be worth money... so its not that the banks dont have money they dont have liquid capitol am i wrong? My understanding is that the liquid capitol is the issue. Nobody can afford the houses, so no one's making payments. All the mortgages aren't being paid, so no money's going in. Nobody's paying on mortgages, so more people are being seen as a bad risk, so nobody will lend money either. The Investment banks seem to have made the real stink of it, because they banked on the stock market, not their deposits. Once the mortgage brought the stock market down, the investment banks weren't worth the money they owed people, so they can't loan. It all spirals from there. There's my mess of it. Now someone who knows what they are talking about can correct it for me and we'll all learn.