"NOYB" wrote in message
ink.net...

"basskisser" wrote in message
oups.com...

NOYB wrote:
"basskisser" wrote in message
ups.com...

NOYB wrote:
"basskisser" wrote in message
oups.com...

NOYB wrote:
"basskisser" wrote in message
oups.com...

Calif Bill wrote:

So, was not just SUV's speeding. How many in your speeding
vehicle?
Oil
makes about 16% profit. Citigroup about 34%.


Horse****!! How would Citigroup make a 34% profit when their
interest
rates aren't even that high?????? Let alone their operating
expenses!

LOL. You really are clueless.

Well, then SHOW ME where Citigroup has made 34% profit.

They made 18.8% profit. But that's beside the point. You stated
that
"their interest rates aren't even that high"...implying that they
could
earn
a profit that was only as high as their interest rate (whatever that
is).

This shows ignorance on multi-levels.

There is an enormous range in Citigroup's lending rates. There is no
such
thing as "their interest rate".

Are you REALLY trying to say that Citigroup's interest rates on money
lended is in the neighborhood of 35%????? Friggin' sign me up! If
that's the case, then most of the biggest corps in the U.S. will be
selling everything and investing in Citigroup. Better not let them in
on your secret!

Citigroup's profits are derived from a much larger pool of revenues
than
just the money they take in from their lending practices.

Just what are they doing to earn back 35% or so on their money? Donald
Trump would love for you to share this informatioin with him!


Go up 6 paragraphs from this post and read. See where I said that "they
made 18.8% profit"?

As for what they are doing to earn 18.8%...

http://www.citigroup.com/citigroup/business/index.htm


I'm going to give you a really simple example of how I can earn a lot of
money as a lender:

I loan you $100,000 at 5% interest. The interest rate falls to 4.5%
just 1
month later. I sell your loan to another bank for a one-time fee
(perhaps
$2000). So in just 1 month, on the initial $100,000, I earned 5/12th's
of a
percent, plus the $2,000.

That's a 2.4166% return in just 1 month...or a nearly 29% annualized
return.

And that equals 34% how?

Oh. My. God.

You got that right....

On Mon, 31 Jul 2006 12:51:35 GMT, Don White
wrote:


Did I miss something?

Yeah... puberty and your calling to be a professional batboy. Just
two among a long list of thing that you missed, Donny.

On Mon, 31 Jul 2006 11:11:11 GMT, "JoeSpareBedroom"
wrote:

"Jack Goff" wrote in message
.. .
On Mon, 31 Jul 2006 06:18:21 GMT, "JoeSpareBedroom"
wrote:


"Jack Goff" wrote in message
...
On Sun, 30 Jul 2006 14:50:32 GMT, "JoeSpareBedroom"
wrote:



34% return on your money? Again, Trump would love that kind of profit!


It's not all that unusual in some businesses. But, there seems to be a
magic
number, beyond which some people think it's excessive. Even the oil
industries profits would not be considered outrageous, if the absolute
price
(which we pay) wasn't out of hand.


But it's not at all unreasonable. We pay about *half* of what the
European countries pay per gallon. I don't like paying it, but maybe
you'd like to explain how the US price is "out of hand", especially
compared to the rest of the world?



A sentient being would understand why what you have said is completely
illogical.


So you can't back up your statement, huh? That's OK.

That bit about Europe - do you think it means we should realize how good
we've go it here, and stop complaining?


Bzzzt. I asked first, and you haven't answered. Explain how the US
price is "out of hand".

On Mon, 31 Jul 2006 07:35:02 -0400, Bert Robbins
wrote:

JoeSpareBedroom wrote:
"Bert Robbins" wrote in message
...
JoeSpareBedroom wrote:
"Jack Goff" wrote in message
...
On Sun, 30 Jul 2006 14:50:32 GMT, "JoeSpareBedroom"
wrote:

34% return on your money? Again, Trump would love that kind of profit!

It's not all that unusual in some businesses. But, there seems to be a
magic
number, beyond which some people think it's excessive. Even the oil
industries profits would not be considered outrageous, if the absolute
price
(which we pay) wasn't out of hand.

But it's not at all unreasonable. We pay about *half* of what the
European countries pay per gallon. I don't like paying it, but maybe
you'd like to explain how the US price is "out of hand", especially
compared to the rest of the world?


A sentient being would understand why what you have said is completely
illogical.

Nice dodge Doug. Why can't you answer the question? Maybe because it
doesn't fit your agenda, which is bashing the oil companies and wanting
the government to regulate more of your and my life.


Make up which of your identities you're going to use during this particular
discussion, and stick with just one. I will not respond to both. Either be
Bert, or Jack.

Doug, it is you that has the identity problem. Why have you switched
from posting as "Doug Kanter" to "JoeSpareBedroom"? Are you ashamed of
something? Are you afraid your "friends" will find out that you really
are an asshole? Just what was it that made you stop posting as "Doug
Kanter"?


Doug (Joe?) found himself in an indefensible position, so he resorted
to insults, then turned tail and ran.

"Jack Goff" wrote in message
...
On Mon, 31 Jul 2006 11:11:11 GMT, "JoeSpareBedroom"
wrote:

"Jack Goff" wrote in message
. ..
On Mon, 31 Jul 2006 06:18:21 GMT, "JoeSpareBedroom"
wrote:


"Jack Goff" wrote in message
m...
On Sun, 30 Jul 2006 14:50:32 GMT, "JoeSpareBedroom"
wrote:



34% return on your money? Again, Trump would love that kind of
profit!


It's not all that unusual in some businesses. But, there seems to be a
magic
number, beyond which some people think it's excessive. Even the oil
industries profits would not be considered outrageous, if the absolute
price
(which we pay) wasn't out of hand.


But it's not at all unreasonable. We pay about *half* of what the
European countries pay per gallon. I don't like paying it, but maybe
you'd like to explain how the US price is "out of hand", especially
compared to the rest of the world?



A sentient being would understand why what you have said is completely
illogical.


So you can't back up your statement, huh? That's OK.

That bit about Europe - do you think it means we should realize how good
we've go it here, and stop complaining?


Bzzzt. I asked first, and you haven't answered. Explain how the US
price is "out of hand".

The price elsewhere is completely irrelevant. That's your answer to the
Europe issue. As far as the price here, 25% to 35% of it consists of trading
excess, like tech stocks before the bottom fell out. For stocks, it doesn't
matter, because nobody is required to own them. For oil, the design of our
country (which only gets worse) mandates its use. The oil companies, knowing
this, do whatever they want with the price. That's a crime, and should be
dealt with.

NOYB wrote:

I just threw up in my mouth.

Take down the mirrors, it should help.

JoeSpareBedroom wrote:

Bassy, you know I side with you much of the time, because like me, you're
always right. But, in this case, I have to say I'm 99.9% sure you're either
playing games, or not getting enough sleep. NOYB said he was giving you AN
EXAMPLE. Do you want him to enumerate every single source of income for
Citi?

I thoroughly understand the example. But, if you'll go back and read my
first post, to Calif Bill, you'll see that he quoted a number of 34%.
That is what I called bull**** on, and to this end, no one here who is
arguing against that, has come up with it.

"basskisser" wrote in message
ups.com...

JoeSpareBedroom wrote:

Bassy, you know I side with you much of the time, because like me, you're
always right. But, in this case, I have to say I'm 99.9% sure you're
either
playing games, or not getting enough sleep. NOYB said he was giving you
AN
EXAMPLE. Do you want him to enumerate every single source of income for
Citi?

I thoroughly understand the example. But, if you'll go back and read my
first post, to Calif Bill, you'll see that he quoted a number of 34%.
That is what I called bull**** on, and to this end, no one here who is
arguing against that, has come up with it.

basskisser wrote:

"Horse****!! How would Citigroup make a 34% profit when their interest
rates aren't even that high?????? Let alone their operating expenses!"


None of the subsequent examples in this thread of Citi's profit percentage
has mentioned 34%. We showed you how their profits can be higher than their
interest rates. You clearly said that was horse bleep.

"NOYB" wrote in message
ink.net...

"basskisser" wrote in message
oups.com...

NOYB wrote:
"basskisser" wrote in message
ups.com...

NOYB wrote:
"basskisser" wrote in message
oups.com...

NOYB wrote:
"basskisser" wrote in message
oups.com...

Calif Bill wrote:

So, was not just SUV's speeding. How many in your speeding
vehicle?
Oil
makes about 16% profit. Citigroup about 34%.


Horse****!! How would Citigroup make a 34% profit when their
interest
rates aren't even that high?????? Let alone their operating
expenses!

LOL. You really are clueless.

Well, then SHOW ME where Citigroup has made 34% profit.

They made 18.8% profit. But that's beside the point. You stated
that
"their interest rates aren't even that high"...implying that they
could
earn
a profit that was only as high as their interest rate (whatever that
is).

This shows ignorance on multi-levels.

There is an enormous range in Citigroup's lending rates. There is no
such
thing as "their interest rate".

Are you REALLY trying to say that Citigroup's interest rates on money
lended is in the neighborhood of 35%????? Friggin' sign me up! If
that's the case, then most of the biggest corps in the U.S. will be
selling everything and investing in Citigroup. Better not let them in
on your secret!

Citigroup's profits are derived from a much larger pool of revenues
than
just the money they take in from their lending practices.

Just what are they doing to earn back 35% or so on their money? Donald
Trump would love for you to share this informatioin with him!


Go up 6 paragraphs from this post and read. See where I said that "they
made 18.8% profit"?

As for what they are doing to earn 18.8%...

http://www.citigroup.com/citigroup/business/index.htm


I'm going to give you a really simple example of how I can earn a lot of
money as a lender:

I loan you $100,000 at 5% interest. The interest rate falls to 4.5%
just 1
month later. I sell your loan to another bank for a one-time fee
(perhaps
$2000). So in just 1 month, on the initial $100,000, I earned 5/12th's
of a
percent, plus the $2,000.

That's a 2.4166% return in just 1 month...or a nearly 29% annualized
return.

And that equals 34% how?

Oh. My. God.




You are surprised? I thought you knew better by now. ;-)

" JimH" jimhUNDERSCOREosudad@yahooDOTcom wrote in message
news

wrote in message
oups.com...

basskisser wrote:
wrote:
JimH wrote:
Hey Tim.......Kevin is not worth your time. All he wants to do is
argue
with folks about minutia, day in and day out. Just killfile him
and move
on. ;-)

you're right Jim, but I'm using GoogleGroups, and they don't have kill
File.

Ohoh, you called him "Kevin" Now we get to wait for the $5000.00
"Put
up or Shut up" routine.


LOL!

This is precious! JimH calls me Kevin because he's got me killfilled
and thus thinks he can't be called to the mat! Hey, Dennis Compton,
care to take the challenge to prove I'm not Kevin, or would you rather
just ignorrantly call me someone I'm not. Killfile, in your case does
nothing but prove that you think ignorance is bliss.



You calling him Dennis compton, won't bother him near as much as he
does you calling you "kevin"






ROTF! I went under an alias for a while.......Dennis Compton. After
someone discovered my real name I have gone by it ever since but
abbreviated it to JimH.

The thing Kevin does not understand is that I do not deny posting under
the name of Dennis Compton. He, on the other hand, posted and sent emails
under the name Kevin Noble, including in a marijuana NG, yet he denies
ever doing so.

Go figure.

Too hot to take the boat out today so I went to Home Depot and purchased
the piping and fittings needed to install the battery backup sump pump I
recently purchased. The heat wave is to continue through Tuesday so I may
be installing the thing tomorrow.


Battery back up sump pump was installed this morning.

I installed one of these:
http://www.basemen****chdog.com/base...dog_bigdog.htm with their 7.5
hour deep cycle battery: http://www.basemen****chdog.com/batteries.htm

With a new main sump pump, a new backup battery operated pump and water
detectors on the floor I think we are set till we sell this house. ;-)