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$70,000 minimum salary causing hard times for Seattle CEO
invite response
2015 Aug 4, 10:39pm 31,083 views 58 comments
by gsr ➕follow (0) 💰tip ignore
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Lending to capitalists is what lending should be for, but not easy money loans to poor entrepreneurs or home buyers. There is a right way to use credit and a wrong way. And banksters prefer the wrong way.
Really?? A banker would prefer to loan someone with *BAD CREDIT* as opposed to someone with good credit? Why would anyone do that unless there is an implicit guarantee/insurance from the top? BTW, you did not really answer the question.
Then you would go to hell. But you probably will anyway, so... Remember the parable of Jesus who chose to give the late comers to the work the same gold coin. There is nothing wrong with doing that. It is the right of the owner to do so.
I wonder why there is no dislike for this. I am sure if Captain Shaddup had brought Jesus and hell in the discussion, he would have received tons of dislikes.
Strategist
2015 Aug 18, 7:54pm
A banker would prefer to loan someone with *BAD CREDIT* as opposed to someone with good credit?
If the loan can be securitized that is exactly what happened in the housing bubble. Do you get out much? You don't know much.
All those sub prime bankers are out of business.
Those with bad credit, can't get a home loan. Why is that?
If the loan can be securitized that is exactly what happened in the housing bubble. Do you get out much? You don't know much.
You do know those guys were bailed out by the organization you like.
CL
2015 Aug 30, 7:53am
You can't claim New York Times has the same agenda as that of Fox News.
Can't you? These supposed opposite are still in the same general ballpark of ideologies.
Dealbook/Andrew Ross Sorkin and other NYT business section contributors sound awfully Republican in most of their articles. Taibi called Sorkin, "a shameless, ball-gargling prostitute for Wall Street".
That kind of vitriole is normally reserved only for the laissez-faire cocksuckers on the Right.
That kind of vitriole is normally reserved only for the laissez-faire cocksuckers on the Right.
Are you saying facts have "conservative" bias? This is a news, not an oped.
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Dan Price, the CEO of Gravity Payments recently made headlines by declaring his company would raise its employees to a minimum salary of $70,000, says the decision has caused him to fall on hard times.
Price, according to a report on Fox News, is renting out his own house in an attempt to make ends meet. This is just three months after the announcement that all 120 employees of the credit card processing firm would receive raises to the minimum.
The move cost him a few of his good customers and two of his “most valued†employees, who left the firm because many new employees received larger pay hikes than older employees.
Some customers apparently took their business elsewhere because they feared the new salary scale would make their costs rise, and others thought he was making a political statement.
Read more at http://www.morningticker.com/2015/08/70000-minimum-salary-causing-hard-times-for-seattle-ceo/
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