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	<title>Comments on: Extreme Makeover: Bankruptcy Edition</title>
	<atom:link href="http://blogs.oilandgasinvestor.com/stephen/2008/07/29/extreme-makeover-bankruptcy-edition/feed/" rel="self" type="application/rss+xml" />
	<link>http://blogs.oilandgasinvestor.com/stephen/2008/07/29/extreme-makeover-bankruptcy-edition/</link>
	<description>Stephen Payne discusses political influences on the energy industry, and more.</description>
	<pubDate>Thu, 08 Jan 2009 21:54:39 +0000</pubDate>
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		<title>By: Carole</title>
		<link>http://blogs.oilandgasinvestor.com/stephen/2008/07/29/extreme-makeover-bankruptcy-edition/#comment-677</link>
		<dc:creator>Carole</dc:creator>
		<pubDate>Fri, 01 Aug 2008 02:58:48 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.oilandgasinvestor.com/stephen/2008/07/29/extreme-makeover-bankruptcy-edition/#comment-677</guid>
		<description>Maybe you feel sorry for these people, but I know a number of people that don't. They were foolish to loose everything they had. That was a lot of money to invest. They could have started smaller, or even got a small business loan from the government. Would have been a lot smarter. Maybe they're hoping Extreme Makeover will feel sorry for them and do it again.</description>
		<content:encoded><![CDATA[<p>Maybe you feel sorry for these people, but I know a number of people that don&#8217;t. They were foolish to loose everything they had. That was a lot of money to invest. They could have started smaller, or even got a small business loan from the government. Would have been a lot smarter. Maybe they&#8217;re hoping Extreme Makeover will feel sorry for them and do it again.</p>
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		<title>By: Bridget Quigley</title>
		<link>http://blogs.oilandgasinvestor.com/stephen/2008/07/29/extreme-makeover-bankruptcy-edition/#comment-671</link>
		<dc:creator>Bridget Quigley</dc:creator>
		<pubDate>Wed, 30 Jul 2008 17:33:42 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.oilandgasinvestor.com/stephen/2008/07/29/extreme-makeover-bankruptcy-edition/#comment-671</guid>
		<description>SURE THING
"...one of my country’s core problems. Making stupid business decisions without thinking through the long-term ramifications of such."
One of your country's core problems is thinking that working hard is enough for success and that anyone who fails is a blundering idiot. I suspect these people worked hard. I suspect they wanted to give their business the best chance of success. I suspect that they wouldn't have tossed the house into the mix if they thought they were going to loose everything. I suspect that house meant everything to them.
 
Who told them "You have a gift here you can't just squander it you have to make something MORE of this OPPORTUNITY. Are you gonna sit here on your hands when all these people worked hard to give you a new start? -yada yada."
Who advised them to finance this way?

I think its great that you have a sense of "escape hatches" alternate planing, profit and loss ratios, and infallible business models. 

Stop gripping about money that wasn't even yours and make with the helpful comments. "Be greatful" Yeah! Those ungreatfull harpers starting a business, probably employing some of the folks who worked on their place, generating employment in the community. Nasty filthy lazy stupid people!

How about the tried and true: Never start a business with your own money; aAlternately put your money where your mouth is , no one will invest if you don't.

If you are not profitable in 36 months(?) pull out; Before that when you spot an area that isn't meeting your projections make a concrete plan to correct it with a deadline for results, axe it if it doesn't turnaround in time. alternately Don't throw good money after bad.

What are the stats? 4 out of 5 businesses are failures? If the whole thing isn't working no problem just leave the money you had someone else put up for your idea and hope they won't be too sore about it. 

There is no strictly GOOD advice, no guarantees. Blue chip stocks, sure but don't GAMBLE on the stock market. Good steady jobs last forever! don't make waves do as your told. Enron, vaporized 401s sound familiar.  How about the almighty American dollar! How's your purchasing power feeling these days? 

I am sorry for the Harpers they went for the American dream "go big or go home", and they lost the home they had gotten to go to.

Thanks for your time and a chance to rant.
BRIDGET QUIGLEY</description>
		<content:encoded><![CDATA[<p>SURE THING<br />
&#8220;&#8230;one of my country’s core problems. Making stupid business decisions without thinking through the long-term ramifications of such.&#8221;<br />
One of your country&#8217;s core problems is thinking that working hard is enough for success and that anyone who fails is a blundering idiot. I suspect these people worked hard. I suspect they wanted to give their business the best chance of success. I suspect that they wouldn&#8217;t have tossed the house into the mix if they thought they were going to loose everything. I suspect that house meant everything to them.</p>
<p>Who told them &#8220;You have a gift here you can&#8217;t just squander it you have to make something MORE of this OPPORTUNITY. Are you gonna sit here on your hands when all these people worked hard to give you a new start? -yada yada.&#8221;<br />
Who advised them to finance this way?</p>
<p>I think its great that you have a sense of &#8220;escape hatches&#8221; alternate planing, profit and loss ratios, and infallible business models. </p>
<p>Stop gripping about money that wasn&#8217;t even yours and make with the helpful comments. &#8220;Be greatful&#8221; Yeah! Those ungreatfull harpers starting a business, probably employing some of the folks who worked on their place, generating employment in the community. Nasty filthy lazy stupid people!</p>
<p>How about the tried and true: Never start a business with your own money; aAlternately put your money where your mouth is , no one will invest if you don&#8217;t.</p>
<p>If you are not profitable in 36 months(?) pull out; Before that when you spot an area that isn&#8217;t meeting your projections make a concrete plan to correct it with a deadline for results, axe it if it doesn&#8217;t turnaround in time. alternately Don&#8217;t throw good money after bad.</p>
<p>What are the stats? 4 out of 5 businesses are failures? If the whole thing isn&#8217;t working no problem just leave the money you had someone else put up for your idea and hope they won&#8217;t be too sore about it. </p>
<p>There is no strictly GOOD advice, no guarantees. Blue chip stocks, sure but don&#8217;t GAMBLE on the stock market. Good steady jobs last forever! don&#8217;t make waves do as your told. Enron, vaporized 401s sound familiar.  How about the almighty American dollar! How&#8217;s your purchasing power feeling these days? </p>
<p>I am sorry for the Harpers they went for the American dream &#8220;go big or go home&#8221;, and they lost the home they had gotten to go to.</p>
<p>Thanks for your time and a chance to rant.<br />
BRIDGET QUIGLEY</p>
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