Seriously Ludacris, this isn't the first crook you've ever worked for, nor will it be the last. The world's full of'em, read the newspaper sometime.
To all debt collectors
Moderators: North Shore, sky's the limit, sepia, Sulako, lilfssister, I WAS Birddog
Ludacris, your logic is seriously Fkd. Skyward stole your car, the police caught them but turned them loose, therefore, that entitles you to steal your neighbours car?
Whether or not the owner of Skyward is ever held to account is irrelevant to your obligations. You accrued the debt; not Skyward, TC, or anyone else who you feel has done you wrong.
Have you never heard the maxim, "Two wrongs don't make a right?"
You have no right to shift your responsibilities and frustration onto other people and companies. YOU need to deal with YOUR problems.
Whether or not the owner of Skyward is ever held to account is irrelevant to your obligations. You accrued the debt; not Skyward, TC, or anyone else who you feel has done you wrong.
Have you never heard the maxim, "Two wrongs don't make a right?"
You have no right to shift your responsibilities and frustration onto other people and companies. YOU need to deal with YOUR problems.
You also "refuse to pay back money for flight training" and you said that it isn't the training bond but the money you owe for flight traing to get your licence I assume.
What the hell did the place you got trained at have to do with getting screwed with at Skyward?! Seriously man grow up and take responsibility for your decisions.
What the hell did the place you got trained at have to do with getting screwed with at Skyward?! Seriously man grow up and take responsibility for your decisions.
It’s been interesting reading the replies over the past few days. The negativity was expected since a couple years ago I would have responded in the same way. I understand everyone’s viewpoint because I know you’ve all worked incredibly hard to pay back your loans while making the crap wages in aviation because I also had the same struggle of trying to stay afloat while paying back loans from both university and flight training while barely bringing in $1000 a month. And you know what? I was damn proud of it too because I was doing what’s right and sacrificing for the future. I had my 5 year plan to have everything paid off if I got upgraded when I was expecting. Living the dream...
And then everyone knows what happened. As things unfolded and I started doing research, I became more and more pissed off as I found out about the legal loopholes, the secrecy of information, what had actually been done by the owners, and what goes on in the aviation industry in general.
At the same time I was really between a rock and hard place financially when EI wouldn’t even cover my loan payments or rent for that matter. I sought legal advice and was told bankruptcy wouldn’t help my situation because the majority of my debts were loans that would not be cleared by declaring bankruptcy. I looked at my options - get another job in aviation? No way, not after what had just happened to me and how shitty the job was to begin with. I have a high regard for every one of you who did continue on. Go back into engineering? You know, I was so close to heading to Fort Mac to make the big bucks again in the oil fields I even stopped in Calgary for a few hours just to debate it. But I was so pissed off at the EI system, Transport Canada, all the legal loopholes, the bankruptcy laws, etc....that I decided to leave the country. After selling everything I owned - my 4Runner, my computer, my stereo, etc. – I put all the money towards my university loan and finding another job. Call it running away or whatever you like, but at that point in time I really was lost.
I’m always amazed at the viciousness and narrow mindedness shown by lots of people on internet message boards. The one post by Henry that did point out how wrong the system is got hacked and now says I should get raped. Until you’ve been in a situation or at least tried to put yourself in that situation, and understand the arguments behind it, don’t be so quick to judge. If you have done the above, then I welcome your opinions, but not the personal attacks.
Like Henry said, it’s about time business owners were stopped from using bankruptcy and legal loopholes as standard tools of doing business while screwing hundreds of people in the process, while at the same time individual debt (which is far less than business debt) is seen in the same light as murder. The banks welcome back the immoral business owners with open arms, while at the same time make the individual’s life a living hell for years. In this case it's even worse because the owners were operating illegally. Why are business owners allowed to declare bankruptcy and continue on with a clean slate, and yet an individual like myself who is truly in financial trouble is not able to declare bankruptcy to fix my problems? Why do the banks make individual lives hell, while at the same time welcome back the unscrupulous owners? Why does Transport who once said things were so unsafe we couldn’t operate welcome back that same person with open arms as well? I’m saying it isn’t right for owners and financial corporations (which are no more than a piece of paper anyways) to screw people around like this and I’m fighting back. Those of you that say grow a set of balls I’m betting are the same ones that take it up the ass at work everyday and say yes sir treat me like shit! I stood up to bullshit at work and almost got canned for it....How many of you have the balls to do that? And then you get behind a keyboard and look how much courage you have now...I’m one of the few to fight back against the banks and the legal system, while openly accepting the consequences. How many of you have the balls to do that?
Some complain how I’m stealing the money from the banks, but do you guys realize that the money I owe is peanuts compared to how much FB and other business owners have screwed the banks out of? But for them it’s totally legal! You complain about your rate of return on your banking investments, but do you realize that’s affected more by business loan defaults than anything else? And yet you’re so quick to lash out while failing to even realize that the owners are legally screwing you out of tons of more money than I am, while I’m labelled the bad guy but I was put in this position by one of those owners in the first place.
I’m not saying what I’ve chosen to do is right either, I’m the first to admit I’m nowhere near perfect and you’re welcome to disagree with me, but I firmly believe what I’ve chosen to do is the lesser of the two evils – pay back the money I got screwed out of to the same corporations and gov’t regulator that welcomes the crooks back with open arms, or saying screw you - I’ve worked my ass off to get back on my feet after what I went through and no way are you getting that money, and I'm willing to suffer whatever consequences that choice brings in the future...
And then everyone knows what happened. As things unfolded and I started doing research, I became more and more pissed off as I found out about the legal loopholes, the secrecy of information, what had actually been done by the owners, and what goes on in the aviation industry in general.
At the same time I was really between a rock and hard place financially when EI wouldn’t even cover my loan payments or rent for that matter. I sought legal advice and was told bankruptcy wouldn’t help my situation because the majority of my debts were loans that would not be cleared by declaring bankruptcy. I looked at my options - get another job in aviation? No way, not after what had just happened to me and how shitty the job was to begin with. I have a high regard for every one of you who did continue on. Go back into engineering? You know, I was so close to heading to Fort Mac to make the big bucks again in the oil fields I even stopped in Calgary for a few hours just to debate it. But I was so pissed off at the EI system, Transport Canada, all the legal loopholes, the bankruptcy laws, etc....that I decided to leave the country. After selling everything I owned - my 4Runner, my computer, my stereo, etc. – I put all the money towards my university loan and finding another job. Call it running away or whatever you like, but at that point in time I really was lost.
I’m always amazed at the viciousness and narrow mindedness shown by lots of people on internet message boards. The one post by Henry that did point out how wrong the system is got hacked and now says I should get raped. Until you’ve been in a situation or at least tried to put yourself in that situation, and understand the arguments behind it, don’t be so quick to judge. If you have done the above, then I welcome your opinions, but not the personal attacks.
Like Henry said, it’s about time business owners were stopped from using bankruptcy and legal loopholes as standard tools of doing business while screwing hundreds of people in the process, while at the same time individual debt (which is far less than business debt) is seen in the same light as murder. The banks welcome back the immoral business owners with open arms, while at the same time make the individual’s life a living hell for years. In this case it's even worse because the owners were operating illegally. Why are business owners allowed to declare bankruptcy and continue on with a clean slate, and yet an individual like myself who is truly in financial trouble is not able to declare bankruptcy to fix my problems? Why do the banks make individual lives hell, while at the same time welcome back the unscrupulous owners? Why does Transport who once said things were so unsafe we couldn’t operate welcome back that same person with open arms as well? I’m saying it isn’t right for owners and financial corporations (which are no more than a piece of paper anyways) to screw people around like this and I’m fighting back. Those of you that say grow a set of balls I’m betting are the same ones that take it up the ass at work everyday and say yes sir treat me like shit! I stood up to bullshit at work and almost got canned for it....How many of you have the balls to do that? And then you get behind a keyboard and look how much courage you have now...I’m one of the few to fight back against the banks and the legal system, while openly accepting the consequences. How many of you have the balls to do that?
Some complain how I’m stealing the money from the banks, but do you guys realize that the money I owe is peanuts compared to how much FB and other business owners have screwed the banks out of? But for them it’s totally legal! You complain about your rate of return on your banking investments, but do you realize that’s affected more by business loan defaults than anything else? And yet you’re so quick to lash out while failing to even realize that the owners are legally screwing you out of tons of more money than I am, while I’m labelled the bad guy but I was put in this position by one of those owners in the first place.
I’m not saying what I’ve chosen to do is right either, I’m the first to admit I’m nowhere near perfect and you’re welcome to disagree with me, but I firmly believe what I’ve chosen to do is the lesser of the two evils – pay back the money I got screwed out of to the same corporations and gov’t regulator that welcomes the crooks back with open arms, or saying screw you - I’ve worked my ass off to get back on my feet after what I went through and no way are you getting that money, and I'm willing to suffer whatever consequences that choice brings in the future...
Rationalize your behaviour all you like; you are still wrong. If you don't like the bankruptcy laws and loan policies of the banks, you should not have borrowed money from them. The rules did not change after you borrowed the money, therefore, fulfill the your obligations according to the rules you agreed to.
-
Kelowna Pilot
- Rank 6
- Posts: 481
- Joined: Mon Jul 10, 2006 11:48 am
A lot of us can appreciate how you must feel; the system is not always fair. But by not paying your debts you're not going to hurt the banks or the legal system, all you're going to do is make life unpleasant for yourself.I’m one of the few to fight back against the banks and the legal system, while openly accepting the consequences.
If you have the money and the capability to start paying back your debt, I'd do it just for the peace of mind. There is nothing worse than calls from debt collectors.
Go talk to a debt specialist and see what you can do.
-
Cat Driver
- Top Poster
- Posts: 18921
- Joined: Sun Feb 15, 2004 8:31 pm
Ludacris:
Having balls and having integrity are two seperate issues.
Having balls would be to meet with the person whom you feel has screwed you and convincing him to pay you back, to do that you need to have his balls in your hands and squeeze as hard as necessary to get what you feel is justly yours.
Having integrity is owning up to your agreements with those who lent you money.
Please take some pictures of his face and link them here when you really get some balls.
Having balls and having integrity are two seperate issues.
Having balls would be to meet with the person whom you feel has screwed you and convincing him to pay you back, to do that you need to have his balls in your hands and squeeze as hard as necessary to get what you feel is justly yours.
Having integrity is owning up to your agreements with those who lent you money.
Please take some pictures of his face and link them here when you really get some balls.
The hardest thing about flying is knowing when to say no
After over a half a century of flying no one ever died because of my decision not to fly.
After over a half a century of flying no one ever died because of my decision not to fly.
-
pilotinthenorth
- Rank 0
- Posts: 6
- Joined: Sat Oct 28, 2006 9:12 pm
-
Driving Rain
- Rank 10
- Posts: 2696
- Joined: Tue Feb 17, 2004 5:10 pm
- Location: At a Tanker Base near you.
- Contact:
[quote="Cat Driver"]Ludacris:
Having balls and having integrity are two seperate issues.[quote]
Right you are Cat.
My niece just recently crawled out from under this kind of crap. Christ we had phone, hydro and collection agencies calling us all the time. She had to use my bank account just to keep any money she had earned to survive long enough just to get to a spot where she could square with them.
They finally took a dime on the dollar and now she gets to keep the Child tax credit and her income tax return.
Her mistake.... co-signing a loan for her (unknown to her then) deadbeat husband. He had consolidated his many depts and she put her name on one of the smaller ones. Like you Ludicris, he ran away. He left her and his child holding the bag.
These collection agencies are as bad as Tony Soprano and his gang. They never ever forget.
One day you may find the need to come back to Canada and guess what? They'll still be here waiting to pounce when you get your next job or file for CPP or Old age or renew your passport.
Having balls and having integrity are two seperate issues.[quote]
Right you are Cat.
My niece just recently crawled out from under this kind of crap. Christ we had phone, hydro and collection agencies calling us all the time. She had to use my bank account just to keep any money she had earned to survive long enough just to get to a spot where she could square with them.
They finally took a dime on the dollar and now she gets to keep the Child tax credit and her income tax return.
Her mistake.... co-signing a loan for her (unknown to her then) deadbeat husband. He had consolidated his many depts and she put her name on one of the smaller ones. Like you Ludicris, he ran away. He left her and his child holding the bag.
These collection agencies are as bad as Tony Soprano and his gang. They never ever forget.
One day you may find the need to come back to Canada and guess what? They'll still be here waiting to pounce when you get your next job or file for CPP or Old age or renew your passport.
Driving Rain, I really like your reply because it describes the hardship someone close to you has had to go through having debt due to getting screwed by someone, and how the system was against her and how difficult it was for her to get out of that situation. Very similar to what I’ve gone through.
But don’t compare me to someone who is willing to screw a family member, a friend, or even another person out of money I owe them like your niece’s deadbeat husband did.
The reason why one of my loans wouldn’t be cleared by bankruptcy is because it was co-signed by a family member just like what your niece did. I would never leave a family responsible for paying back my debt no matter what the circumstances are. To make regular payments on that loan for the past couple years from a 3rd world country has not been easy, but it’s been worth it. Believe it or not, it took me 3 months just to get permission to transfer money out of the country! At the same time it also took months to get special permission from the bank in Canada to make the payments in such an unusual way on a regular basis. And then there’s the exchange rate which is also against me to consider too. If going through months of red tape and bureaucracy to pay back that loan to protect a family member is not having integrity then I don’t know what is.
The money I’m not paying back only affects corporations, which are only pieces of paper. Not a family member, not a close friend, not even a person. Don’t confuse the two. And no they can't bother me forever even when I'm old and getting CPP. They only have a 6 year window for legal action, and since I have absolutely no assets that's not going to happen. The amount I owe is no where near worthwhile trying to collect overseas in a legal system that barely even exists in the first place - garnishing wages is not even an option here.
But don’t compare me to someone who is willing to screw a family member, a friend, or even another person out of money I owe them like your niece’s deadbeat husband did.
The reason why one of my loans wouldn’t be cleared by bankruptcy is because it was co-signed by a family member just like what your niece did. I would never leave a family responsible for paying back my debt no matter what the circumstances are. To make regular payments on that loan for the past couple years from a 3rd world country has not been easy, but it’s been worth it. Believe it or not, it took me 3 months just to get permission to transfer money out of the country! At the same time it also took months to get special permission from the bank in Canada to make the payments in such an unusual way on a regular basis. And then there’s the exchange rate which is also against me to consider too. If going through months of red tape and bureaucracy to pay back that loan to protect a family member is not having integrity then I don’t know what is.
The money I’m not paying back only affects corporations, which are only pieces of paper. Not a family member, not a close friend, not even a person. Don’t confuse the two. And no they can't bother me forever even when I'm old and getting CPP. They only have a 6 year window for legal action, and since I have absolutely no assets that's not going to happen. The amount I owe is no where near worthwhile trying to collect overseas in a legal system that barely even exists in the first place - garnishing wages is not even an option here.
-
Mitch Cronin
- Rank 8
- Posts: 914
- Joined: Fri Feb 27, 2004 9:15 am
- Location: Right beside my dog again...
-
invertedattitude
- Rank 10
- Posts: 2353
- Joined: Tue Jul 06, 2004 1:12 pm
Ludacris, if your buddy lost his job so you loaned him $2000 to help him get by, after two years of him blowing that cash, fleeing the country and then never giving you a payment.
Don't you think you'd be pissed?
If you owed money to Skyward, that's the only person I'd agree you'd have no right not to pay back.
While I agree sometimes when it's rough paying creditors is literally impossible, you just do what you can.
There's no debtors jail, there's always bankruptcy which shuts them all up for good. Your credit is fucked anyway.
Don't you think you'd be pissed?
If you owed money to Skyward, that's the only person I'd agree you'd have no right not to pay back.
While I agree sometimes when it's rough paying creditors is literally impossible, you just do what you can.
There's no debtors jail, there's always bankruptcy which shuts them all up for good. Your credit is fucked anyway.
av8rpei, please at least read my posts before commenting.
1. I would never screw another person, friend, or family member out of money.
2. Bankruptcy is not an option for me.
3. Skyward and banks are not people, only legal entities.
4. I am willing to accept the consequences of my choices.
1. I would never screw another person, friend, or family member out of money.
2. Bankruptcy is not an option for me.
3. Skyward and banks are not people, only legal entities.
4. I am willing to accept the consequences of my choices.
-
snaproll20
- Rank 7
- Posts: 636
- Joined: Tue Jun 01, 2004 7:50 pm
Ludacris.
You have implicated TC in this matter.
According to all I have heard (over many years) this OC suspension may have been well warranted. It follows that everyone working there was party to the "problems" in some way.
(and please, all ex-employees, don't jump on me about the "great bunch of people" because it is not pertinent.)
However, that is not you apparent point. If TC is culpable to some kind of underhanded scheme, can you identify who at TC is the financial beneficiary? ....... before and after the suspension.....??????
You have implicated TC in this matter.
According to all I have heard (over many years) this OC suspension may have been well warranted. It follows that everyone working there was party to the "problems" in some way.
(and please, all ex-employees, don't jump on me about the "great bunch of people" because it is not pertinent.)
However, that is not you apparent point. If TC is culpable to some kind of underhanded scheme, can you identify who at TC is the financial beneficiary? ....... before and after the suspension.....??????
-
r22captain
- Rank 6
- Posts: 405
- Joined: Thu Feb 19, 2004 8:12 pm
- Location: CYHZ
I'm a shareholder in RBC. You don't make your payment's. My stocks are affected. Both my parent's work for RBC. So you affect me. So how about you don't confuse the 2?Ludacris wrote:The money I’m not paying back only affects corporations, which are only pieces of paper. Not a family member, not a close friend, not even a person. Don’t confuse the two. And no they can't bother me forever even when I'm old and getting CPP. They only have a 6 year window for legal action, and since I have absolutely no assets that's not going to happen. The amount I owe is no where near worthwhile trying to collect overseas in a legal system that barely even exists in the first place - garnishing wages is not even an option here.
And the 6 year blah blah blah.......it's bs.....you owe money? from 15 years ago? ya they don't forget.
-
grammar boy
- Rank 3
- Posts: 143
- Joined: Mon Jul 04, 2005 7:53 pm
From your very first post on the subject:Ludacris wrote:av8rpei, please at least read my posts before commenting.
1. I would never screw another person, friend, or family member out of money.
No, but you don't mind if they hassle the shit out of your family...Ludacris wrote:I can't believe it's been almost 2 years since Skyward went bankrupt and the debt collectors are still hassling my family members.
You aren't going to win anyone over to your side at this point. You should crawl back under your rock...
Though, this is entertaining.
"Listen brain, I don't like you and you don't like me, so let's just get through this one thing and I can go back to killing you with beer"
-
. ._
- Top Poster
- Posts: 7374
- Joined: Fri Feb 20, 2004 5:50 pm
- Location: Cowering in my little room because the Water Cooler is locked.
- Contact:
You know, if Ludacris were the CEO of a big corporation, they'd be giving him a raise!
Funny how the working class views bankruptcy differently. For big corporations, bankruptcy is merely another business tool. For the working class, the inability to pay back debt (or unwillingness) carries so much negative stigma to it. I'm pretty sure the Have's have programmed us that way, and laugh at our quaint discussions about "integrity" and such.
I wish I had the balls to pull the plug on my debts, but I don't do it because of what others would think.
The programmed, permanently working class,
istp
Funny how the working class views bankruptcy differently. For big corporations, bankruptcy is merely another business tool. For the working class, the inability to pay back debt (or unwillingness) carries so much negative stigma to it. I'm pretty sure the Have's have programmed us that way, and laugh at our quaint discussions about "integrity" and such.
I wish I had the balls to pull the plug on my debts, but I don't do it because of what others would think.
The programmed, permanently working class,
istp
well when skyterd went under I was unemployed for three and a half months, i owned a house (the bank owned it, and i pay my mortgage to keep it), had roomates move out due to being co-workers (more lost income), all of my flight training loans to pay off, hydro for the house plus all other expenses i had to take on myself for it. etc..... to many payments to list
sure i was disgruntled at the old FB and the choices he made to lead a company of that size to it's demize.
but i rolled out of bed after the 20th going away party drunk, shuffled through all the empty beer bottles and took responsibility for the decisions that i had made in life to get me in the financial psition i was, after the hour of pulling my hair out and trying to kick my own ass, i knocked on every door i could, phoned every CP in this country and tried my best to bypass the nazi secretaries only to tell me he already had 5 skyward guy's resumes. after two months of kraft dinner and trying to live with as many lights off as possible, i ended up getting on with a company in my own backyard YTH of all places. sure i started all over again but it sure didn't take long to get to a financially stable (all depts getting paid) place. and now i've moved from YTH flying for one of the best charter companies in Canada living the dream!
to top it all off i never defaulted on one payment, sure a couple of toys got sold that i did have, including my lawnmower for $40 (man that lawn got long!), and i never asked one person for help, even though i Know they would have.
when you walk into that bank, and they hand YOU money and that dotted line gets signed, it's not anyone elses problem but yours!
so don't look for sympathy, do something about it
V
sure i was disgruntled at the old FB and the choices he made to lead a company of that size to it's demize.
but i rolled out of bed after the 20th going away party drunk, shuffled through all the empty beer bottles and took responsibility for the decisions that i had made in life to get me in the financial psition i was, after the hour of pulling my hair out and trying to kick my own ass, i knocked on every door i could, phoned every CP in this country and tried my best to bypass the nazi secretaries only to tell me he already had 5 skyward guy's resumes. after two months of kraft dinner and trying to live with as many lights off as possible, i ended up getting on with a company in my own backyard YTH of all places. sure i started all over again but it sure didn't take long to get to a financially stable (all depts getting paid) place. and now i've moved from YTH flying for one of the best charter companies in Canada living the dream!
to top it all off i never defaulted on one payment, sure a couple of toys got sold that i did have, including my lawnmower for $40 (man that lawn got long!), and i never asked one person for help, even though i Know they would have.
when you walk into that bank, and they hand YOU money and that dotted line gets signed, it's not anyone elses problem but yours!
so don't look for sympathy, do something about it
V
-
Kelowna Pilot
- Rank 6
- Posts: 481
- Joined: Mon Jul 10, 2006 11:48 am
That's the deepest, most insightful comment I've ever read on this board. You understand the system well.You know, if Ludacris were the CEO of a big corporation, they'd be giving him a raise!
Funny how the working class views bankruptcy differently. For big corporations, bankruptcy is merely another business tool. For the working class, the inability to pay back debt (or unwillingness) carries so much negative stigma to it. I'm pretty sure the Have's have programmed us that way, and laugh at our quaint discussions about "integrity" and such.
I wish I had the balls to pull the plug on my debts, but I don't do it because of what others would think.
The programmed, permanently working class,
-
niss
- Top Poster
- Posts: 6745
- Joined: Sat Jun 25, 2005 8:54 pm
- Location: I'm a CPL trapped in a PPL's Body.
- Contact:
Like ISTP said Bankrupcy is a tool/loophole. It isnt moral either. Ludacris isnt able to bank on that tool/loophole so he found another one.
Why is it that things are set up for the rich to succede and the poor to fail? I am all for capitalism and entrapeneurism but why is it that the more money you have the less the government will take from you?
Why is it that you can run one company into the ground, profit from your companies demise and all the people you layed off have to lose everything?
Do I think that he should pay the money back? Sure, but if he has allready made the decision not to, all the power to him.
IMHO what he is doing may not be right, but atleast he is willing to take what will come to him. As far as screwing people is concerned. To some extent I agree with Ludacris, these corperations would not think twice about screwing you. Other than the fact your signature is on their paper you have no relationship with them. They are not your friends or family. Ludacris' credit is allready fucked, he cant bankrupt himself legally to get rid of all the debts. When a man exhausts all the resources at his disposal what is there left to do?They only have a 6 year window for legal action, and since I have absolutely no assets that's not going to happen.
Why is it that things are set up for the rich to succede and the poor to fail? I am all for capitalism and entrapeneurism but why is it that the more money you have the less the government will take from you?
Why is it that you can run one company into the ground, profit from your companies demise and all the people you layed off have to lose everything?
Do I think that he should pay the money back? Sure, but if he has allready made the decision not to, all the power to him.
She’s built like a Steakhouse, but she handles like a Bistro.
Let's kick the tires, and light the fires.... SHIT! FIRE! EMERGENCY CHECKLIST!
Let's kick the tires, and light the fires.... SHIT! FIRE! EMERGENCY CHECKLIST!
R22captain and Wilbur, you guys have seriously got to do some research before accusing me of affecting your stocks and your family. Do you realize how many millions of dollars a single business bankruptcy cost the Royal Bank in 2005? And I want to emphasize again this is an accepted business practice!
“During 2005, we took actions to mitigate the uncertainties regarding
Enron-related matters, including the settlement of our part of the
MegaClaims bankruptcy lawsuit brought by Enron against us and a number
of financial institutions for $31 million (US$25 million). In addition,
we settled an additional $29 million (US$24 million) for recognition of
claims against the Enron bankruptcy. We also established a provision of
$591 million (US$500 million) or $326 million after-tax (US$276 million
after-tax) for Enron litigation-related matters (Enron provision), including
a securities class action lawsuit brought on behalf of Enron securities
holders in a federal court in Texas.” http://www.rbc.com/investorrelations/pdf/ar_2006_e.pdf
R22, do you realize a single company going bankrupt cost the Royal Bank $651,000,000 Cnd! Yes, that’s 651 million dollars by a single company, and that doesn’t even include all the other business bankruptcies. Tell me, how do those losses affect your stocks and your parent’s jobs? But did you have the nerve to come on this forum and lash out at the Enron executives? No way, but yet you come on her and lash out at me – a single individual who was screwed by one of those owners!
Now let’s look at the affect of me not paying my loan:
http://www.rbc.com/investorrelations/pdf/ar_2005_e.pdf
In 2005, the Royal Bank made a net profit of 3.387 billion dollars. Yes that’s profit, not revenue. My debt is about 0.0003% of the net profit. The amount you made per share in 2005 was $7.57 including both earnings and dividends per share. The effect of my loan on your profit per share is 0.0003% of $7.57 which equals $0.000023. Yes, I affected your profit by 23 millionths of a dollar per share!
And you have the nerve to come on here and lash out at me for screwing you out of 23 millionths of a dollar, and yet you don’t care that Enron cost you $651 million! Give me a break. I still stand by my statement that I will never screw another person out of money – I consider 23 millionths of a dollar to be zero. Why do you consider what I've to be way worse than what immoral business owners have done?
And don’t give me that crap that stealing is stealing no matter how small the amount is. If you’ve ever downloaded an mp3 you’re no better than I am.
Also to Wilbur, you said “If you don't like the bankruptcy laws and loan policies of the banks, you should not have borrowed money from them. The rules did not change after you borrowed the money, therefore, fulfill the your obligations according to the rules you agreed to”
I totally don’t agree with the arguement the law is the law and you should always follow it. I know we’re all pilots here and have been taught since day 1 to respect and follow every law and SOP because if we don’t safety could be compromised. But guys, we’re not talking about flying airplanes here. Sometime laws are not right. Look at people in China who go to jail for surfing the internet or for just following the wrong religion and then spend years in jail. Would you use the same arguement against them that they knew the law before they surfed the internet sites and they deserve to go to jail? No way, because that law is not just and they're fighting for change! People in Vietnam go to jail for talking dirt about the gov’t, people in the baltic states were arrested and sent to work camps in siberia for opposing the Russian occupation, people even went to jail in the states for being labelled a communist decades ago. With these examples, I’m trying to show that just because a gov’t makes a law doesn’t mean it’s right, and I’m saying the legal loopholes that corporations and owners operate under, combined with the bankruptcy laws, and even the way the aviation industry is policed are not right and I’m fighting back.
V1CUT, I totally sympathize with you and admire your efforts to pull through such a difficult time. Although we've now chosen separate paths I wish you the best of luck in the future.
“During 2005, we took actions to mitigate the uncertainties regarding
Enron-related matters, including the settlement of our part of the
MegaClaims bankruptcy lawsuit brought by Enron against us and a number
of financial institutions for $31 million (US$25 million). In addition,
we settled an additional $29 million (US$24 million) for recognition of
claims against the Enron bankruptcy. We also established a provision of
$591 million (US$500 million) or $326 million after-tax (US$276 million
after-tax) for Enron litigation-related matters (Enron provision), including
a securities class action lawsuit brought on behalf of Enron securities
holders in a federal court in Texas.” http://www.rbc.com/investorrelations/pdf/ar_2006_e.pdf
R22, do you realize a single company going bankrupt cost the Royal Bank $651,000,000 Cnd! Yes, that’s 651 million dollars by a single company, and that doesn’t even include all the other business bankruptcies. Tell me, how do those losses affect your stocks and your parent’s jobs? But did you have the nerve to come on this forum and lash out at the Enron executives? No way, but yet you come on her and lash out at me – a single individual who was screwed by one of those owners!
Now let’s look at the affect of me not paying my loan:
http://www.rbc.com/investorrelations/pdf/ar_2005_e.pdf
In 2005, the Royal Bank made a net profit of 3.387 billion dollars. Yes that’s profit, not revenue. My debt is about 0.0003% of the net profit. The amount you made per share in 2005 was $7.57 including both earnings and dividends per share. The effect of my loan on your profit per share is 0.0003% of $7.57 which equals $0.000023. Yes, I affected your profit by 23 millionths of a dollar per share!
And you have the nerve to come on here and lash out at me for screwing you out of 23 millionths of a dollar, and yet you don’t care that Enron cost you $651 million! Give me a break. I still stand by my statement that I will never screw another person out of money – I consider 23 millionths of a dollar to be zero. Why do you consider what I've to be way worse than what immoral business owners have done?
And don’t give me that crap that stealing is stealing no matter how small the amount is. If you’ve ever downloaded an mp3 you’re no better than I am.
Also to Wilbur, you said “If you don't like the bankruptcy laws and loan policies of the banks, you should not have borrowed money from them. The rules did not change after you borrowed the money, therefore, fulfill the your obligations according to the rules you agreed to”
I totally don’t agree with the arguement the law is the law and you should always follow it. I know we’re all pilots here and have been taught since day 1 to respect and follow every law and SOP because if we don’t safety could be compromised. But guys, we’re not talking about flying airplanes here. Sometime laws are not right. Look at people in China who go to jail for surfing the internet or for just following the wrong religion and then spend years in jail. Would you use the same arguement against them that they knew the law before they surfed the internet sites and they deserve to go to jail? No way, because that law is not just and they're fighting for change! People in Vietnam go to jail for talking dirt about the gov’t, people in the baltic states were arrested and sent to work camps in siberia for opposing the Russian occupation, people even went to jail in the states for being labelled a communist decades ago. With these examples, I’m trying to show that just because a gov’t makes a law doesn’t mean it’s right, and I’m saying the legal loopholes that corporations and owners operate under, combined with the bankruptcy laws, and even the way the aviation industry is policed are not right and I’m fighting back.
V1CUT, I totally sympathize with you and admire your efforts to pull through such a difficult time. Although we've now chosen separate paths I wish you the best of luck in the future.
-
Kelowna Pilot
- Rank 6
- Posts: 481
- Joined: Mon Jul 10, 2006 11:48 am
Ludacris,
How much do you owe?
It would be sad to see you bringing so much grief and stress onto yourself if we're talking small numbers (under $50K).
Also, you're not fighting the system. You're just a number in some computer data base. If you want to fight the system, why don't you form a political lobby group and go to Ottawa to fight the big banks?
Finally, didn't you research the industry before you jumped into aviation?
It's common knowledge that wages for pilots are extremely low unless you're a Captain on something pretty big, and that a good chunk of the industry turns on emotion and BS rather than logic and common sense.
How much do you owe?
It would be sad to see you bringing so much grief and stress onto yourself if we're talking small numbers (under $50K).
Also, you're not fighting the system. You're just a number in some computer data base. If you want to fight the system, why don't you form a political lobby group and go to Ottawa to fight the big banks?
Finally, didn't you research the industry before you jumped into aviation?
It's common knowledge that wages for pilots are extremely low unless you're a Captain on something pretty big, and that a good chunk of the industry turns on emotion and BS rather than logic and common sense.
-
Jimmy Mack
- Rank 2
- Posts: 69
- Joined: Tue Sep 05, 2006 6:49 pm
Just because some one isn't your friend or your family gives you a right to steal their money? Maybe that's kosher in your flawed world, but not in mine and gladly not in most of the other posters in this form.niss wrote:To some extent I agree with Ludacris, these corperations would not think twice about screwing you. Other than the fact your signature is on their paper you have no relationship with them. They are not your friends or family.
Ludacris, you state that the RBC made a profit even without your money. By your logic, if a friend loant you that money and had a high paying job and still came out ahead, you wouldn't feel the need to pay him back. All I can say is I'm glad you're not in my country anymore.
Grow a pair or stay the @#$! out.
JM
-
niss
- Top Poster
- Posts: 6745
- Joined: Sat Jun 25, 2005 8:54 pm
- Location: I'm a CPL trapped in a PPL's Body.
- Contact:
I have had companies screw me too. I have been taken to collection for money I refused to pay because of services not proveded. I payed in the end but just to save my credit rating.
I dont think what Ludacris is doing is right, but now that he is doing it, good for him. Worst case scenario he accepts his uppams like a man, best case scenario the companies write it off and he emerges the first warior victorious against the machine.
I dont think what Ludacris is doing is right, but now that he is doing it, good for him. Worst case scenario he accepts his uppams like a man, best case scenario the companies write it off and he emerges the first warior victorious against the machine.
She’s built like a Steakhouse, but she handles like a Bistro.
Let's kick the tires, and light the fires.... SHIT! FIRE! EMERGENCY CHECKLIST!
Let's kick the tires, and light the fires.... SHIT! FIRE! EMERGENCY CHECKLIST!
