How would you handle this?

[kav]

He taught me the best way to get rid of a pest is to loan him $20. The guy will avoid you forever. It really works.

I've found that to be true as well.

So that's why people keep asking me if they can loan me $20.

[finecomics]

As a casino customer, you should have gotten into LVS... that stock has been on fire the last 5 years. But you're still making 5% on money so that's arguably just as good as owning T, MO, KO etc. not to mention a whole lot less paperwork!

[dupont2005]

 

Most people have a hard time handling loans and debt though. That's why we have the credit crisis we have been in for 6 years now. Human nature these days generally doesn't balance it well with real life. I'd count myself in that boat.

 

While your intentions are honorable, I don't feel that buying comics while owing someone else money is a very good decision - unless of course he's happened across something that is going to make him a killing.

 

 

I owe the bank money for my house, student loans, vehicle, etc. I still buy comics...

You making those payments on time? The borrower in question is not.

 

Also, it's a thousand dollar loan. If you're opening a credit line for a thousand dollar car, you don't need a comic book collection. If you know where there's a thousand dollar house ready to occupy I'm interested

[VintageComics]

 

Most people have a hard time handling loans and debt though. That's why we have the credit crisis we have been in for 6 years now. Human nature these days generally doesn't balance it well with real life. I'd count myself in that boat.

 

While your intentions are honorable, I don't feel that buying comics while owing someone else money is a very good decision - unless of course he's happened across something that is going to make him a killing.

 

 

I owe the bank money for my house, student loans, vehicle, etc. I still buy comics...

 

Let me be more clear.

 

I don't think that buying more comics when you have reneged on repayment time and are asking for the comics you have as collateral back without repaying the loan is a good idea.

 

Unless the books he's buying are specifically making him a killing to pay back the loan. You never know.

 

While one might owe money for a house, car or a student loan as long as they are living up to their obligations elsewhere (that includes feeding family) then they're free to do what they want with your extra money.

 

If they've reneged on their obligation they technically don't have free money.

 

Didn't think I needed to spell that one out.

 

 

[Doohickamabob]

Okay, fair enough. Different folks have different styles. I was brought up borrowing and lending money. My Uncle used to do it on a daily basis until his plea agreement. He taught me the best way to get rid of a pest is to loan him $20. The guy will avoid you forever. It really works.

Is your uncle Chazz Palminteri? Because this is very similar to a scene from "A Bronx Tale" -- great movie, by the way. It's about a young guy in the Bronx who ends up getting fatherly advice from the local mob bigwig. There's a scene where the young guy keeps chasing down somebody who owes him $20. The guy keeps running off, and finally the mob honcho calls the kid over and says, "Did you like him?" to which the kid says no. So he replies, "Then you got him out of your life for twenty bucks. You got off easy."

 

Here's the scene (NSFW language!) --

 

 

You can learn a lot of stuff from "A Bronx Tale." Here's another favorite:

 

----------------------

Sonny: Alright, listen to me. You pull up right where she lives, right? Before you get outta the car, you lock both doors. Then, get outta the car, you walk over to her. You bring her over to the car. Dig out the key, put it in the lock and open the door for her. Then you let her get in. Then you close the door. Then you walk around the back of the car and look through the rear window. If she doesn't reach over and lift up that button so that you can get in: dump her.

 

Calogero 'C' Anello: Just like that?

 

Sonny: Listen to me, kid. If she doesn't reach over and lift up that button so that you can get in, that means she's a selfish broad and all you're seeing is the tip of the iceberg. You dump her and you dump her fast.

-----------------------

 

[fastballspecial]

Dr. X you and me both. I'm actually short on face right now because their pe ratio is insane (about 130 last time I checked) and don't get me started on twitters negative pe. The market has to pop at some point and its just pure speculation on tech stocks. Shad I play blackjack too at the borgata once a month. Its wonderful there

 

I can understand why you would short FB short term. They have spent a lot of money on Whats Up and Virtual Reality lately. I wouldn't do it long term.

 

I got into FB early because with a gazillion users I thought their was money to be made just on monetizing the user base and advertising. So far I am right and they are situated to do very well over the next couple of years monetarily. The Whats App purchase allows them into markets they don't have a strong foothold in like India.

 

Tech stocks are tough, but the old P/E ratio is getting harder and harder to use on companies who blow earnings reports out of the water every quarter. I would imagine its really hard on analysts who follow them.

 

[fastballspecial]

Just my own two cents. Enjoy your Avengers book you fulfilled your end of the deal.

 

[shadroch]

There is an awful lot of my Uncle in Sonny. Watching both Goodfellas and Bronx Tale, I often wonder if the writers traveled in the same circles. Switch Arthur Avenue in the Bronx with Roosevelt Avenue in Sunnyside and the stories play out very similar.

Luckily, everyone knows there is no Irish Mafia.

[shadroch]

As a casino customer, you should have gotten into LVS... that stock has been on fire the last 5 years. But you're still making 5% on money so that's arguably just as good as owning T, MO, KO etc. not to mention a whole lot less paperwork!

 

I dumped my Sands stock a few years ago. Bad mistake. Owned it, Wynn and Azatar. I never dreamed Macau would be the success it turned into. Heck, even Joe D stuck out once in awhile.

[The-Collector]

If you have money to spend on comics you have money to pay a debt.

 

If you have money to spend on comics you don't need a loan.

 

I'd sell my favorite comic before putting it up for collateral, and I did exactly that.

 

May I ask why you would rather sell it than put it up for collateral? I'm not arguing with you, just trying to understand why. Lets say you were struggling and had an unexpected expense. You'd sell your comic rather than use it to get a loan. Why?

 

I know you were not asking me Shad but I thought i would throw in my . Personally I detest taking loans. I find them very stressful as I feel I have limited my freedom by giving someone pecuniary control over me.

 

I know this doesn't make much financial sense and leverage can be a great thing. On the business side, I would leverage a business provided I didn't have to give a personal surety using the family home or something like that. I want to give a one time capital injection from my own assets, assets I can afford to lose, and then use that money to build the business.

 

On another note if the books sell for $1500 after fees will you reimburse the borrower the difference or keep the profit?

[chrisco37]

 

On another note if the books sell for $1500 after fees will you reimburse the borrower the difference or keep the profit?

 

Reimburse them for what? The books belong to Bill.

[shadroch]

 

On another note if the books sell for $1500 after fees will you reimburse the borrower the difference or keep the profit?

 

Reimburse them for what? The books belong to Bill.

 

I've actually given that question some thought. In this case, since he doesn't return my calls, or answer my PMs, its an easy decision. Had he truly fallen on hard times and made an honest effort to keep me informed, I might have perhaps split the profits with him by making him a gift of some amount.

I'm certainly under no obligation to.

[oakman29]

 

On another note if the books sell for $1500 after fees will you reimburse the borrower the difference or keep the profit?

 

Reimburse them for what? The books belong to Bill.

Yeah reimbursement isn't part of the deal.Would you expect a pawn shop to reimburse a seller of an item if a profit was made?

Shad I applaud you for having the funds and good nature to do this kind of stuff,it is noble indeed.I guess I never had the expendable funds to do this.

[The-Collector]

 

On another note if the books sell for $1500 after fees will you reimburse the borrower the difference or keep the profit?

 

Reimburse them for what? The books belong to Bill.

 

The difference between the sale price and the money loaned. I know the books belong to shad but I thought if it isn't a profit making exercise and is in the interest of the collector's society community that might be one consideration.

 

Not saying he should do that, just asking.

 

 

 

 

[shadroch]

 

On another note if the books sell for $1500 after fees will you reimburse the borrower the difference or keep the profit?

 

Reimburse them for what? The books belong to Bill.

 

The difference between the sale price and the money loaned. I know the books belong to shad but I thought if it isn't a profit making exercise and is in the interest of the collector's society community that might be one consideration.

 

Not saying he should do that, just asking.

 

 

 

 

The interest of this community would be best served by me taking the profits and reinvesting it back into the community by buying a few books in the marketplace.

[Hulksdaddy1]

 

On another note if the books sell for $1500 after fees will you reimburse the borrower the difference or keep the profit?

 

Reimburse them for what? The books belong to Bill.

 

The difference between the sale price and the money loaned. I know the books belong to shad but I thought if it isn't a profit making exercise and is in the interest of the collector's society community that might be one consideration.

 

Not saying he should do that, just asking.

 

 

 

 

The interest of this community would be best served by me taking the profits and reinvesting it back into the community by buying a few books in the marketplace.

 

[dupont2005]

If you have money to spend on comics you have money to pay a debt.

 

If you have money to spend on comics you don't need a loan.

 

I'd sell my favorite comic before putting it up for collateral, and I did exactly that.

 

May I ask why you would rather sell it than put it up for collateral? I'm not arguing with you, just trying to understand why. Lets say you were struggling and had an unexpected expense. You'd sell your comic rather than use it to get a loan. Why?

 

I know you were not asking me Shad but I thought i would throw in my . Personally I detest taking loans. I find them very stressful as I feel I have limited my freedom by giving someone pecuniary control over me.

 

I know this doesn't make much financial sense and leverage can be a great thing. On the business side, I would leverage a business provided I didn't have to give a personal surety using the family home or something like that. I want to give a one time capital injection from my own assets, assets I can afford to lose, and then use that money to build the business.

 

On another note if the books sell for $1500 after fees will you reimburse the borrower the difference or keep the profit?

Loans stress me out too. Even my car loan. Every time a bill comes I count the payments until it's over. I have a little over 2 grand in credit card debt for a class I had to take for work, right before the boss told me we'll be out of work for five months but just 2k on two cards is too much for my liking.

[Unca Ben]

Luckily, everyone knows there is no Irish Mafia.

 

[songsaboutclouds]

Personally I think the books are now yours however,

 

perhaps remove this from your sig line

 

All transactions 100% confidential

 

?

[*Bronze age fan*]

Personally I think the books are now yours however,

 

perhaps remove this from your sig line

 

All transactions 100% confidential

 

?

 

 

He did not state who it was. He was asking the board members for advice. And maybe letting the person who borrowed the money that they should contact him.