Post #28,694
2/16/02 9:03:26 PM
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Who wants to buy a millionare wife?
[link|http://www.shortnews.com/shownews.cfm?id=17543&u_id=8242|She put herself up for auction, and still nobody wants her.] Remember that lady who put herself up for auction? Turns out only two guys bid on her, and they didn't leave correct information.
Hmmm, I wonder how one would approach a banker on this?
"Uh yeah, Gov, I need to borrow 250,000 pounds to marry this rich millionare Dotcom woman. Trust me, once I marry her, I'll have the money to pay your bank back."
Heck if I wasn't married, I'd do it. She would not have the time for me, but I'd use the computer or play games during the times she wasn't home. A good way to start developing software with the spare time away from the wife, and let her earn the income to support me. Then if the software hits it big, I can make money selling the CDs, manuals, training, and support for it.
"Will code Visual BASIC for cash."
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Post #28,706
2/17/02 12:10:03 AM
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Not I
Even were I not married.
I would be rather dubious about the relationship working out...
Cheers,
Ben
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Post #29,048
2/20/02 10:13:14 AM
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Leveraged buyout
That's the phrase you want to give your banker.
I'm guessing she's heard of it, and there are terms to the deal to prevent it. Otherwise, she's a fool. In this case, a leveraged buyout gets her nothing. If she needs the money, it doesn't work because she ends up with a debt that is equal to the money received (less down payment). If she's looking for a rich husband (and that might not mean gold digging so much as attempting to avoid male gold diggers) it fails because the guy doesn't really have the money - unless she considers the ability to get big loans wealth, and when you consider that quite a few of the very rich owe more money than the rest of us will ever see, that could be reasonable.
Leveraged buyouts were all the rage in the '80s. The way it worked back then was that a company would be bought on credit (often in a hostile takeover) and broken up to pay off the loan. Lots of people lost jobs that way, lots of companies were destroyed, many of the buyout artists made a bunch of money. I'm not sure how the banks made out, but as I recall, leveraged buyouts stopped being a fad about the same time the S&Ls crashed. The dominant business idea at the time was that running a company is running a company, regardless of what goods and services that company deals in.
Norm could make money in this kind of leveraged buyout, but the woman only stands to lose.
If she hasn't thought it through enough to realize that, the money won't be around long enough for Norm to enjoy it.
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"You don't have to be right - just use bolded upper case" - annon.
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Post #29,080
2/20/02 1:10:21 PM
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Wasn't the banks who were supporting it :-)
There were two pre-conditions to the LBO craze.
The first is that there should be a supply of companies whose assets were worth more than the company's stock.
The second is that you need a supply of people who are willing to buy large amounts of high-risk bonds at a reasonably steep premiums. (These are popularly known as "junk bonds".)
What you then do is spot a likely takeover candidate, float a junk-bond issue, use the financing from that to take over your candidate, sell off the pieces, use the revenues from the sale to pay off the junk bond, and skim off some profit for taking the risk with other people's money to destroy someone else's company. In other words you don't get credit from a bank lending you money, you do it like the big boys do by selling bonds.
The fad faded because the necessary economic pre-conditions ceased to exist. Oh right, and also a number of the key operators landed in the slammer due to an upcoming lawyer named Rudolph Guiliani...
Cheers,
Ben
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Post #29,133
2/20/02 8:34:06 PM
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What about S&Ls?
The nifty thing after deregulation was that they could (IIRC) make the risky high-return gambles, and just let the FSLIC take the hit if it didn't work.
High reward, externalized risk.
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"You don't have to be right - just use bolded upper case" - annon.
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Post #29,136
2/20/02 8:48:40 PM
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Didn't Poppa Bush have a son
or two that ran an S&L? Real nice when you father was President of the company that your ill-run S&L operates in, eh? ;)
"Will code Visual BASIC for cash."
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Post #29,230
2/21/02 12:05:39 PM
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That would be brother Neil
And the Silverado savings and loan scam.
A multi-billion dollar bailout paid the US Taxpayers.
The average hunter gatherer works 20 hours a week.
The average farmer works 40 hours a week.
The average programmer works 60 hours a week.
What the hell are we thinking?
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Post #29,321
2/21/02 10:02:13 PM
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The Bush family
just have all kinds of scandles, don't they? Hey let's see if the Florida voting was influenced in any way by Dubya's brother who was the Gov there when the voting took place. If you just drudge up some Florida swamps, you might find the missing voting ballots that didn't get counted. ;)
"Will code Visual BASIC for cash."
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Post #29,132
2/20/02 8:31:21 PM
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People wondered why Bill Gates married a co-worker
it was because he didn't have the time to meet any single ladies because he had no free time. Neither, do I suspect, this lady had.
I think that she would do better to have friends and relatives pick some guy to spend some time with her. Maybe find a computer guy and give him a job working with her and see if they hit it off first? Then talk about marriage if it works out?
"Will code Visual BASIC for cash."
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Post #29,285
2/21/02 4:32:27 PM
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I may have mentioned this before...
...but the one project that Melinda headed before marrying Mr. Gates was...
Microsoft Bob!
(Seriously!)
"He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." - Friedrich Nietzsche
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Post #29,322
2/21/02 10:03:38 PM
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MS-Bob!
It was sooooooo great that nobody wanted to use it, so of course Billy Boy made the biggest decision of his life to marry the woman who wrote the worst selling piece of MS software for Windows that ever existed! ;)
BTW XP has an AI in it, that has a throttle setting for CPU power (it can toggle the speed and bandwidth for applications so that one app cannot monopolize the CPU cycles) is this AI based on MSBob?
"Will code Visual BASIC for cash."
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Post #29,382
2/22/02 12:44:40 PM
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Speaking of Bob
XP does have some Bob-like elements, such as a puppy dog that goes to fetch information. (Yes, I turned it off.)
I may have mentioned this before, but several years ago a co-worker and I went to one of these periodic computer exhibitions/shows/sales. One thing on sale was a copy of Bob. He didn't buy it, and has been kicking himself ever since (it's a collector's item, if nothing else, right?)
Where each demon is slain, more hate is raised, yet hate unchecked also multiplies. - L. E. Modesitt, from his Recluse series
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