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To: OrangeHoof

I think I see the problem...

“...the nine-employee shop located half a block south of Reedsburg’s Main Street immediately asked its bankruptcy judge for permission to spend the pools of money that it had promised to set aside for its lender, Community First Bank. The cash will keep the lights on at its headquarters as executives figure out if the company can find a way to survive using Chapter 11 protection.”

A NINE employee shop has executive”s” & a headquarters. Sounds like they could trim some overhead!


20 posted on 07/01/2012 11:18:59 AM PDT by Twotone (Marte Et Clypeo)
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To: Twotone

Well when even American flags are in danger, we need to do something.

Seriously.

We can joke about this, but eventually we will make nothing and all be unemployed.

Period. Democrat or Republican. It’s got to stop.

I say let’s start with US Flags.


22 posted on 07/01/2012 11:22:09 AM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
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To: Twotone
asked its bankruptcy judge for permission to spend the pools of money that it had promised to set aside for its lender, Community First Bank.

Because if they don't use the bank's cash collateral, the executives can't maintain their lifestyle.

If I spotted the correct 'Community First Bank', it looks like they've already reserved for the loss. (One of them had loss reserves more than 1000% of delinquent loans, and I'm guessing that it is this one that they were preparing for.)

32 posted on 07/01/2012 11:55:26 AM PDT by PAR35
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