Understanding the Financial Crisis

nobb4u

Expert Expediter
I am wondering if anyone else might see a bit of a problem with the fact that we are handing over seven hundred billion dollars to be dolled out in a manner we as tax payers have no control over, thru an entity called, Office of Financial Stability and that office will be run by a former vice president of Goldman Sachs (we all know their great track record).
 

Turtle

Administrator
Staff member
Retired Expediter
I don't see a problem with it. At least not any more than I did with having a President who was a former Director of the CIA. Or in having Allen Dulles be a member of the Warren Commission. Nor do I have a problem with the FDA being almost entirely financed by drug companies. Nor do I have a problem with the country's economy being administered by a central government which denounces Socialism in other countries. No, no problems here.
 

dabluzman1

Veteran Expediter
Retired Expediter
Turtle,
I suppose we agree more than disagree, I just think our debate over smokin ( LOL ) may
over shadow our willingness to "agree".
Every industry I mentioned in my response to you, is an industry I have worked in.
I am still an active professional musician , not as much now as I would like, but I still get
10 -12 gigs a year if I plan my trips home right.
Wouldnt you agree for a person to have experienced " 20 to 30 years of successful business experiences " as you stated, they more than likley also had good business practices?

Oh Bruno, could care less what your opinion is after your past unwarranted attacks.
If i used your logic I would be asking why you are slamming Fedex now.
Just because you admit to making mistakes would hardly help Turtles arguement.
If anything you prove my point.
You seemed to have gotten through your initial woes and have become a successful
owner and manager.
So how tough can it be?
 

Turtle

Administrator
Staff member
Retired Expediter
Turtle,
I suppose we agree more than disagree, I just think our debate over smokin ( LOL ) may
over shadow our willingness to "agree".

lol

Every industry I mentioned in my response to you, is an industry I have worked in. I am still an active professional musician , not as much now as I would like, but I still get
10 -12 gigs a year if I plan my trips home right.
I was a trumpet player, jazz and classical. That's one of those instruments that require daily practice, and a lot of it. It's not one you can put down and then come back a few days, weeks or months later and pick it up and start playing. Well, you can, but it'll sound just awful. :eek:

Wouldnt you agree for a person to have experienced " 20 to 30 years of successful business experiences " as you stated, they more than likley also had good business practices?
Yep, like I said, good business practices are one thing, but being able to translate the business experiences into expediting is quite another. The number of very experienced and very successful business people who fail, utterly, in expediting far outnumber those who are able to successfully apply their experiences to expediting.

There are few absolutes in anything, but as the colonel alluded to, the very nature of expediting necessitates not only a change in mindset insofar as the job itself, but in a lifestyle change that is abnormal by most people's standard. People want a life while expediting. You an have that, certainly, but it just won't be the same life as those outside of expediting.

Instead of a regular work week and then a couple of days off, that nice comfortable routine, in expediting you take your days off when you get them, often unexpectedly, often not where you'd like it to be, and live your life on those days, and in the moments and hours between loads.

Expediting demands that you be spontaneous, both in the job and in living life, something that years of "normal" business experience and the traditional routines of life generally do not prepare you for. If you can't figure out a way to live life in those moments and on those days when they come, you'll fail out here. Most, actually, fail. Well, fail is probably a bad choice of words. Many fail, and many others don't like what they see and cannot (or will not) adapt, and thus fail to succeed. They give up and leave before they fail. (That's actually the mark of good business practices, knowing when to cut and run :) ).
 

Bruno

Veteran Expediter
Fleet Owner
US Marines
Turtle,
I suppose we agree more than disagree, I just think our debate over smokin ( LOL ) may
over shadow our willingness to "agree".
Every industry I mentioned in my response to you, is an industry I have worked in.
I am still an active professional musician , not as much now as I would like, but I still get
10 -12 gigs a year if I plan my trips home right.
Wouldnt you agree for a person to have experienced " 20 to 30 years of successful business experiences " as you stated, they more than likley also had good business practices?

Oh Bruno, could care less what your opinion is after your past unwarranted attacks.
If i used your logic I would be asking why you are slamming Fedex now.
Just because you admit to making mistakes would hardly help Turtles arguement.
If anything you prove my point.
You seemed to have gotten through your initial woes and have become a successful
owner and manager.
So how tough can it be?


Dave

Talk about the pot calling the kettle black. I was sharing what it had been like with Panther so far and you started on me, go back and look at the posts. Saying to me give it up so we can all be Jealous. If that wasn't a unwarranted post then what do you call a nice way to talk to people. You came across as one those people that think because they are in White Glove you are better than the rest of us. Yea you have been at FedEx for some time and you will defend them just like I did. But as for unwarranted posts I think you did your fair share Dave and you know it by what you even posted.


Re: What it's like at Panther

--------------------------------------------------------------------------------

Quote:
Originally Posted by dabluzman1
Hey jaminjim,
i have shared my earnings, just a few weeks ago, so i guess i am qualified to ask
Bruno what he is making................so Bruno give it up, the facts, not retoric, three runs with specifics, you know, total miles, total run pay, DHPU, FSC, so we can all be jealous.

Be Informed.

Linda and Dave this is not a pi$$ing contest. This is just info of what Panther has been like for us and our drivers so far. If there is something I don't like about Panther I will be the 1st one to open my mouth. I speak my mind just go back and read some of my post's about the FedEx FSC program. That is part of the reason I quit posting on here for over a year. I was kinda told nicely to stop, if you get what I'm saying.
__________________
Bruno
Expediter since 1995
Panther Owner Operator
Fleet Manager of Integrity Motor Freight
Fleet Manager of Mayfield Express


So if that is not a unwarranted attack what is it Dave? Then you came back with another that was even worse. Saying I was boasting about my good fortune as you call it. No I was saying in the post what it was like at Panther so far. If I was talking about FedEx Custom Critical you would have been there on the band wagon talking up FedEx. Telling me that I said things with a inuendo. What is bore us with the facks JACK--ER Bruno and your Fly is open Dave?
_______________________________________________________________________
Hey Bruno,
I would have responded quicker but I was in the bathroom........
anyway, my request was for you to back up your boasts about your good fortune.

Hey I didnt bring up your topics , you did, but you said it with inuendo, smoke and mirrors
can get by some, but not most here on EO.

Rare is it that I just state something. I try to have facts, you know, good info for others to
evaluate ( not just my ever so humble opinion) as to whether or not what I am experiencing is good or would be good for them.

If i tell you i just ate at the best diner in town and you should too. You might need more info, like where is this place and whats its name.

But if i foregot to mention that it was vegetarian or in S Philly and ya better go armed, some may think its a perfect place to take the family for a corn beef sandwich.

Bore us with the facts jack....er Bruno.

PS. your fly is open.

Be Informed.
__________________
Be Informed.

Linda N Dave
DR4426
FedEx CC
OOIDA 8877

_______________________________________________________________________

Dave I don't care if you like me or not, but I'm not going to sugar coat it or brown nose FedEx thinking that they care about their drivers and owners when they don't. Not saying you are right now. We put up with alot of things at FedEx over the last year that I won't post on here. My wife and our drivers had enough. So it was just time to walk away. Now if it was just me and my wife driving like you and yours does I think I would still be at FedEx. Having 13 other drivers that wanted to leave FedEx a year ago because of the things that they would deal with would make you think too. We was losing good drivers because of this. I'm not trying to slamm you in any way Dave and I'm very sorry I said some of the things I said. But I was very upset and if you knew alot of the things that has happened you would understand.




I never said Panther was the best in that post, I was just telling the folks in EO land as you put it what it was like so far. If you want to know something about what happed just PM me. I think you would being doing the same thing if you was in our shoes.
 

dabluzman1

Veteran Expediter
Retired Expediter
Turtle,
I've played in groups with brass players, always heard them talking about keeping their lip, explains alot of your posts ( lol ).
I'm an oldtime r- n- r and bluesman, if my name didnt give it away. I've been playin guitar since '59. Got my first gig in '66.
I've got some live things with my bass player on a web site called "audiostreet.net"

I carry a guitar with me on the road to keep my finger nimble.
 

arkjarhead

Veteran Expediter
Well all I know about this financial crisis is the government has screwed us over once again. Things are looking pretty bad and I think regardless of who the next President is it will only get worse. Especially if we don't do something about those clowns in Congress.
Oh wait! Both of the people running for President are clowns from the Congress.
 

arrbsthw

Expert Expediter
I am wondering if anyone else might see a bit of a problem with the fact that we are handing over seven hundred billion dollars to be dolled out in a manner we as tax payers have no control over, thru an entity called, Office of Financial Stability and that office will be run by a former vice president of Goldman Sachs (we all know their great track record).

I see a problem with it. Isn't this the man that they are
going to pay $1,000,000,000 a month to be an advisor?
 

Rocketman

Veteran Expediter
I can remember getting an email (and I thought I had seen it posted on here, but can't find either) about Bin Laden and Al-Queda's plan with 9/11. The 9/11 attack was part of a much larger plan where Bin Laden wanted us to attack in the middle east and cause a shortage of oil which in turn would drive oil prices up, creating a worldwide recession. It could have been a false rumor, but it's ringing pretty true these days.

The other thing that I see is China. Their growth is claimed to be the largest reason for the increase in oil consumption. During the recent spike in oil prices, it was claimed that China was buying up the oil reserves as fast as they could get their hands on them. I know metal has been the same way. The scrap metal business has been amazingly profitable the last couple of years. I have no idea if there is a link between China and the terrorists. I have no idea and have never heard that they are, but the timing is there.

The one thing I am convinced of is that fuel prices are the major reason for the crisis we are in now. yes, there was a lot of bad decisions made in the credit industry by lenders and borrowers. But, I think everyone was struggling along just fine until the point where all their spendable (and invest"able") income started going into their fuel tanks. THAT is when this recession started, we just didn't know it yet. Everyone's focus is on the credit crisis and the failed mortgages etc, but the real problem started when the fuel prices started spiking. The spendable money in America is now in the pockets of the oil companies.

I personally believe that what Bin Laden intended to do is now done...whether it is "because" of Bin Laden or not. The results are the same. Obviously a lot of people should have kept themselves more financially stable. Obviously, the banks shouldn't have been loaning money to people who were over-extending themselves. But, the spike in fuel prices is what brought the hammer down.

It will be interesting to see how we get out of this one.
 
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Scuba

Veteran Expediter
The trust fund ran out of money. Congress came to the rescue with an emergency $8 billion bailout.


This wasn't a bail out the fed took 8 billion from the hwy trust fund all they did was to return it then they patted themselves on their backs
 
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