Man - 'Bailout Bill' - hands out cash in New York

Discussion in 'Current Events' started by edesignuk, Feb 4, 2009.

  1. Moderator emeritus

    edesignuk

    Joined:
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    #1
    BBC.
     
  2. macrumors 604

    ravenvii

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    #2
    Man I wish I'm in New York right now.

    Methinks San Francisco needs a Bailout Bill more than New York does. :p
     
  3. macrumors 6502

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  4. macrumors Penryn

    Abstract

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    #4
    Wow, I want to shake that man's hand......and find money in it.
     
  5. macrumors 6502a

    Martin C

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  6. macrumors 68000

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    afk
    #6
    What's the website he's promoting? I can't find the link anywhere.
     
  7. macrumors 68020

    Unspeaked

    Joined:
    Dec 29, 2003
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    West Coast
    #7
    I don't know the link, but basically the company that is running this is an internet startup that is a cross between a bank and eBay (though some people would argue eBay is a lot like a band already, but that's a story for another thread).

    To put it in simple terms, you find some stuff you want to sell. You go to the site and say "Hey, I think my stuff is worth $250!" They say, "Ok, here's a $250 interest free loan. Put your stuff up and sell it. If you haven't got the $250 back to us in two weeks, the clock starts ticking on interest."

    So it's eBay if eBay gave you the final sale price upfront. At least that's how I understood it...
     
  8. macrumors G5

    Consultant

    Joined:
    Jun 27, 2007
    #8
    Sounds like short term loan which has very high interest rate and unregulated.
     
  9. macrumors 601

    Schtumple

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    #9
    Sounds like a recipe for recession 2.0...
     
  10. macrumors 65816

    freebooter

    Joined:
    Feb 24, 2005
    Location:
    Daegu, South Korea
    #10
    I was at a food court in a mall in Edmonton (Canada) and observed a stylish young woman get out of a limo that had just pulled up. She entered the food court and started handing everyone she met a 10 dollar bill. This was a long time ago (in the 80s) and so I can't remember why I didn't hustle over and get some cash. I think I was too shy to step into her path. :p
    I think some rich people sometimes feel guilty...
     
  11. macrumors 68020

    Unspeaked

    Joined:
    Dec 29, 2003
    Location:
    West Coast
    #11
    Ok, I found the actual site Bailout Bill is promoting: Bailout Booth

    From the site:

    I'd love to know if any of you actually understand a word of that...!
     

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