I am sure they do figure it out if they need it in their day to day business. Financial accounting isn't really rocket science. I don't think an average motel or convenience store owner needs to know those terms to do their regular business.
The “Indians” who run motels or convenience stores don't really have business degrees from Ivy league school. They are mostly immigrants from the state or Gujarat or Punjab and I would be very surprised if they even have a college degree.
“and I know for a fact as you say...that their default rate at banks on new businesses is high......and they can be quite rude...maybe they got that from condescending Brits”
Quite honestly I don't know what your source for such a claim is. As for the rest of what you say, I think its mostly hearsay and bravo sierra.
I am in business in Nashville and my family is minority shareholder in two local bank startups and I have on occasion particpated in board review as the number 4 shareholder in one of banks.
That is how I know that there is problem lending to Indians in Nashville.
Particularly for interstate exit motels in Wilson, Putnam, Rutherford and Montgomery counties.
Are you Indian or just don’t cotton to generalizations about minorities even if true.
If it’s the latter then maybe Eaker was right, you are on the wrong forum.
I bet you don’t work so hard to deflect unsavory generalizations even if true about hillbillies and rednecks now do you?
I refuse to submit and not acknowledge problem issues with minorities when I see it.
here’s another one...Indians voted mostly for Obama..almost 70%
so why do conservatives like Mark Levin even clamour so hard for more to come and strengthen the Democrat gene pool
I’ll tell you why...like you their ideology is often rooted in minority redress and victimhood...Indians even though most I know do pretty well..see themselves as minorities with darker skin and victims of a GOP opposed to minorities and unrestrained immigration...especially illegal immigration...even though the GOP is largely pro amnesty at the top
and so they vote based on a media driven perception of what they are owed even though they just got here relatively speaking
the third world is going to overtake the US ...primarily from Mexico..and it will be our ruin...they will recreate here what they left to get away from and the dems and GOP sissies will help them...they already are
and the irony is that Mexican campesinos like blacks will view Indians with the same glint towards Indians as they do native Whites...resentment towards a power structure that has oppressed them and owes then...a peoples that in their eyes are “haves”
so were I Indian I might try to figure out why I am on the wrong side
“Quite honestly I don’t know what your source for such a claim is.”
He probably just read some of your posts.