7 rich athletes who lost their fortunes.
- Thread starter Red_Ink_inc
- Start date
Quote from Debaser82:
Imagine how many "whites" would have gone bankrupt should the FED had pursuit a non bail out policy.
End of discussion.
well just a reality check...the facts are, in reality, the fed did indeed pursue a bailout policy..you can image the whites bankrupt in your dreams if you want...point is...it didn't happen.
what did you think, the fed was going to kick down, spark a blunt, and crack open a 40?
what does cap rates have to do with ethnic background. if u have real estate etc. there are cap rate calculations.
"Capitalization rates amongst asian americans are around 78%, whites 52%, blacks less than 20%."
what do these numbers mean?
please provide a link if possible.
does it mean for examples if i go into a business partnership with my money with 10 random asians my cap rate would be 78%. it sounds pretty good even if i split 50/50 with the asians.
You disagree that it is?
On a recent episode of Pawn Stars they mentioned having an Olympic gold medal someone had hocked. In some ways that's sadder than an NFL player flaming out financially. Olympians are frequently just ordinary middle class types. That gold medal might be the most valuable thing they ever owned.
If I told you I was black, would it be ok to point out the black/white bankrupt ratio?
Sports figures should be taxed 80% of income. That way they can leave the rest of us alone.
Friends and family do these guys in also. Quite a few let relatives run their money only to find out the relative knew even less than they did or had a greater taste for the high life.
Sprewel's mama helped clean him out also. Oh, there are stories to tell. I was relayed some of the stories by a friend who would do some things at mam's house that Latrell bought for her in a suburb of Milwaukee. He got legal notices from the court that he would be in line for payment. I believe Latrell cut mam off from the money train, or was cut off because there was no more money.
Sprewel's mama helped clean him out also. Oh, there are stories to tell. I was relayed some of the stories by a friend who would do some things at mam's house that Latrell bought for her in a suburb of Milwaukee. He got legal notices from the court that he would be in line for payment. I believe Latrell cut mam off from the money train, or was cut off because there was no more money.
It's sad to see this, but i bet a few of us on ET have been there. How many of us blew up an account????? Then went out got a job and five years later put togather a game plan and some risk mangement and came back???????:eek:
Any study that does not adjust for serious factors has no value.
For example, studies showing a gender gap in earnings, i.e., women earn less than men. However, when adjusted for things like "similar industry, similar job" and the fact that women tend to take time off for childbirth/rearing. Such studies make the gender gap almost completely disappear.
To start with, studies showing things for minorities needs to adjust for things like educational level, income level, etc. So you could only reasonably compare whites and blacks at a similar income level, educational level, region. Without this, the study is useless.
Frankly, the presentation of these things in your post do not speak well about your intellect.