vpFREE2 Forums

LVRJ - Herbst Gaming loses their casinos

#1

They didn't lose their casinos -- the casinos are still there, someone else owns them now. They DID lose ownership of them.

It's like the comedian who started off about how he'd lost his job (back when that could be funny) - he said, well, I didn't really lose it, it's still there - there's just somebody else doing it now.

Later in his routine, he said he lost his girl....well, I didn't really lose her, she's still there - there's just somebody else doing her now.

Incidentally, I do agree that it's absolutely absurd to say you're doing just fine, but you just can't pay your debts. That makes no more sense than saying you're making plenty of money at the restaurant you run, you just can't afford to order the food ingredients or pay the servers or your rent. If you take on debt, that's part of your expenses now, and you'd better be able to pay it, or expect to see your business fail.

A lot of people are now learning to understand very clearly that if you can't make the payments on a debt that's secured by something, you lose the security. Unfortunately, for many of those people, the security is their home.

The real problem with all this is that usually the owners of the business are still drawing their executive pay and doing quite well personally while the company gets sucked into the ground and the creditors are the ones that get hosed. The penalties are falling on the wrong people.

--BG

···

===============

#2

Don't feel sorry for creditors. No one made them loan money.

···

To: vpFREE@yahoogroups.com
From: b.glazer@att.net
Date: Thu, 12 Mar 2009 01:03:41 +0000
Subject: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos

They didn't lose their casinos -- the casinos are still there, someone else owns them now. They DID lose ownership of them.

It's like the comedian who started off about how he'd lost his job (back when that could be funny) - he said, well, I didn't really lose it, it's still there - there's just somebody else doing it now.

Later in his routine, he said he lost his girl....well, I didn't really lose her, she's still there - there's just somebody else doing her now.

Incidentally, I do agree that it's absolutely absurd to say you're doing just fine, but you just can't pay your debts. That makes no more sense than saying you're making plenty of money at the restaurant you run, you just can't afford to order the food ingredients or pay the servers or your rent. If you take on debt, that's part of your expenses now, and you'd better be able to pay it, or expect to see your business fail.

A lot of people are now learning to understand very clearly that if you can't make the payments on a debt that's secured by something, you lose the security. Unfortunately, for many of those people, the security is their home.

The real problem with all this is that usually the owners of the business are still drawing their executive pay and doing quite well personally while the company gets sucked into the ground and the creditors are the ones that get hosed. The penalties are falling on the wrong people.

--BG

===============

_________________________________________________________________
Windows Live™ Contacts: Organize your contact list.
http://windowslive.com/connect/post/marcusatmicrosoft.spaces.live.com-Blog-cns!503D1D86EBB2B53C!2285.entry?ocid=TXT_TAGLM_WL_UGC_Contacts_032009

[Non-text portions of this message have been removed]

#3

Kind of reminds me of "Octomom" and the Ca./USA taxpayer.

···

--- In vpFREE@yahoogroups.com, "Barry Glazer" <b.glazer@...> wrote:

Incidentally, I do agree that it's absolutely absurd to say you're doing just fine, but you just can't pay your debts. That makes no more sense than saying you're making plenty of money at the restaurant you run, you just can't afford to order the food ingredients or pay the servers or your rent. If you take on debt, that's part of your expenses now, and you'd better be able to pay it, or expect to see your business fail.

#4

Don't feel sorry for creditors. No one made them
loan money.

···

--- David Silvus <djsilvus@hotmail.com> wrote:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

True, but by creditors aren't we really saying
investors? All the little guys looking for a safe
place to put some money - not safe, but with less
volatility than the stock market? These are the
people getting hosed - they have been offered pennies
on the dollar. The big boys I'm sure will not feel
nearly as much pain. Bastards.

JW

#5

Typically the bold holders would be comprised of pension lans, insurance companies, mutual funds and a few individual investors. Large banks arrange the financing by placing the bonds for a fee, but would not hold onto these longer term instruments themselves.

···

--- On Thu, 3/12/09, Jigger Woodruff <bayfieldkent@yahoo.com> wrote:

From: Jigger Woodruff <bayfieldkent@yahoo.com>
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos
To: vpFREE@yahoogroups.com
Date: Thursday, March 12, 2009, 1:57 PM

--- David Silvus <djsilvus@hotmail. com> wrote:

Don't feel sorry for creditors. No one made them
loan money.

~~~~~~~~~~~~ ~~~~~~~~~ ~~~~~~~~

True, but by creditors aren't we really saying
investors? All the little guys looking for a safe
place to put some money - not safe, but with less
volatility than the stock market? These are the
people getting hosed - they have been offered pennies
on the dollar. The big boys I'm sure will not feel
nearly as much pain. Bastards.

JW

[Non-text portions of this message have been removed]

#6

I doubt any pension plans are invested in Herbst.

···

To: vpFREE@yahoogroups.com
From: larbo929@yahoo.com
Date: Thu, 12 Mar 2009 11:05:13 -0700
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos

Typically the bold holders would be comprised of pension lans, insurance companies, mutual funds and a few individual investors. Large banks arrange the financing by placing the bonds for a fee, but would not hold onto these longer term instruments themselves.

--- On Thu, 3/12/09, Jigger Woodruff <bayfieldkent@yahoo.com> wrote:

From: Jigger Woodruff <bayfieldkent@yahoo.com>
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos
To: vpFREE@yahoogroups.com
Date: Thursday, March 12, 2009, 1:57 PM

--- David Silvus <djsilvus@hotmail. com> wrote:

Don't feel sorry for creditors. No one made them
loan money.

~~~~~~~~~~~~ ~~~~~~~~~ ~~~~~~~~

True, but by creditors aren't we really saying
investors? All the little guys looking for a safe
place to put some money - not safe, but with less
volatility than the stock market? These are the
people getting hosed - they have been offered pennies
on the dollar. The big boys I'm sure will not feel
nearly as much pain. Bastards.

JW

[Non-text portions of this message have been removed]

_________________________________________________________________
Windows Live™ Contacts: Organize your contact list.
http://windowslive.com/connect/post/marcusatmicrosoft.spaces.live.com-Blog-cns!503D1D86EBB2B53C!2285.entry?ocid=TXT_TAGLM_WL_UGC_Contacts_032009

[Non-text portions of this message have been removed]

#7

Sure, maybe not directly. But certainly there are more than just a few
pension plans out there that invest in mutual funds and other holdings that
DO have a stake in Herbst.

···

On Thu, Mar 12, 2009 at 4:22 PM, David Silvus <djsilvus@hotmail.com> wrote:

I doubt any pension plans are invested in Herbst.

To: vpFREE@yahoogroups.com
From: larbo929@yahoo.com
Date: Thu, 12 Mar 2009 11:05:13 -0700
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos

Typically the bold holders would be comprised of pension lans, insurance
companies, mutual funds and a few individual investors. Large banks arrange
the financing by placing the bonds for a fee, but would not hold onto these
longer term instruments themselves.

--- On Thu, 3/12/09, Jigger Woodruff <bayfieldkent@yahoo.com> wrote:

From: Jigger Woodruff <bayfieldkent@yahoo.com>
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos
To: vpFREE@yahoogroups.com
Date: Thursday, March 12, 2009, 1:57 PM

--- David Silvus <djsilvus@hotmail. com> wrote:

>
> Don't feel sorry for creditors. No one made them
> loan money.
~~~~~~~~~~~~ ~~~~~~~~~ ~~~~~~~~

True, but by creditors aren't we really saying
investors? All the little guys looking for a safe
place to put some money - not safe, but with less
volatility than the stock market? These are the
people getting hosed - they have been offered pennies
on the dollar. The big boys I'm sure will not feel
nearly as much pain. Bastards.

JW

[Non-text portions of this message have been removed]

_________________________________________________________________
Windows Live™ Contacts: Organize your contact list.

http://windowslive.com/connect/post/marcusatmicrosoft.spaces.live.com-Blog-cns!503D1D86EBB2B53C!2285.entry?ocid=TXT_TAGLM_WL_UGC_Contacts_032009

[Non-text portions of this message have been removed]

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

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

--
Thanks,

Dennis
______________________________
Read about my weight-loss journey:
http://www.healthstewards.com/member_detail.php?id=76&selected=1

[Non-text portions of this message have been removed]

#8

CALPERS is the 5th largest institutional invester. You can see others at
http://finance.yahoo.com/q/mh?s=GPIC

···

--- On Thu, 3/12/09, David Silvus <djsilvus@hotmail.com> wrote:

From: David Silvus <djsilvus@hotmail.com>
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos
To: vpfree@yahoogroups.com
Date: Thursday, March 12, 2009, 6:22 PM

I doubt any pension plans are invested in Herbst.

To: vpFREE@yahoogroups.com
From: larbo929@yahoo.com
Date: Thu, 12 Mar 2009 11:05:13 -0700
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos

Typically the bold holders would be comprised of pension lans, insurance
companies, mutual funds and a few individual investors. Large banks arrange the
financing by placing the bonds for a fee, but would not hold onto these longer
term instruments themselves.

--- On Thu, 3/12/09, Jigger Woodruff <bayfieldkent@yahoo.com> wrote:

From: Jigger Woodruff <bayfieldkent@yahoo.com>
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos
To: vpFREE@yahoogroups.com
Date: Thursday, March 12, 2009, 1:57 PM

--- David Silvus <djsilvus@hotmail. com> wrote:

Don't feel sorry for creditors. No one made them
loan money.

~~~~~~~~~~~~ ~~~~~~~~~ ~~~~~~~~

True, but by creditors aren't we really saying
investors? All the little guys looking for a safe
place to put some money - not safe, but with less
volatility than the stock market? These are the
people getting hosed - they have been offered pennies
on the dollar. The big boys I'm sure will not feel
nearly as much pain. Bastards.

JW

[Non-text portions of this message have been removed]

_________________________________________________________________
Windows Live™ Contacts: Organize your contact list.
http://windowslive.com/connect/post/marcusatmicrosoft.spaces.live.com-Blog-cns!503D1D86EBB2B53C!2285.entry?ocid=TXT_TAGLM_WL_UGC_Contacts_032009

[Non-text portions of this message have been removed]

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

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

[Non-text portions of this message have been removed]

#9

At 0.24% of the shares.

And GPIC is not Herbst.

···

To: vpFREE@yahoogroups.com
From: larbo929@yahoo.com
Date: Thu, 12 Mar 2009 17:00:49 -0700
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos

CALPERS is the 5th largest institutional invester. You can see others at
http://finance.yahoo.com/q/mh?s=GPIC

--- On Thu, 3/12/09, David Silvus <djsilvus@hotmail.com> wrote:

From: David Silvus <djsilvus@hotmail.com>
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos
To: vpfree@yahoogroups.com
Date: Thursday, March 12, 2009, 6:22 PM

I doubt any pension plans are invested in Herbst.

To: vpFREE@yahoogroups.com
From: larbo929@yahoo.com
Date: Thu, 12 Mar 2009 11:05:13 -0700
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos

Typically the bold holders would be comprised of pension lans, insurance
companies, mutual funds and a few individual investors. Large banks arrange the
financing by placing the bonds for a fee, but would not hold onto these longer
term instruments themselves.

--- On Thu, 3/12/09, Jigger Woodruff <bayfieldkent@yahoo.com> wrote:

From: Jigger Woodruff <bayfieldkent@yahoo.com>
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos
To: vpFREE@yahoogroups.com
Date: Thursday, March 12, 2009, 1:57 PM

--- David Silvus <djsilvus@hotmail. com> wrote:

Don't feel sorry for creditors. No one made them
loan money.

~~~~~~~~~~~~ ~~~~~~~~~ ~~~~~~~~

True, but by creditors aren't we really saying
investors? All the little guys looking for a safe
place to put some money - not safe, but with less
volatility than the stock market? These are the
people getting hosed - they have been offered pennies
on the dollar. The big boys I'm sure will not feel
nearly as much pain. Bastards.

JW

[Non-text portions of this message have been removed]

__________________________________________________________
Windows Live™ Contacts: Organize your contact list.
http://windowslive.com/connect/post/marcusatmicrosoft.spaces.live.com-Blog-cns!503D1D86EBB2B53C!2285.entry?ocid=TXT_TAGLM_WL_UGC_Contacts_032009

[Non-text portions of this message have been removed]

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

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

[Non-text portions of this message have been removed]

_________________________________________________________________
Express your personality in color! Preview and select themes for Hotmail®.
http://www.windowslive-hotmail.com/LearnMore/personalize.aspx?ocid=TXT_MSGTX_WL_HM_express_032009#colortheme

[Non-text portions of this message have been removed]

#10

My Bad. When I did a YAHOO search for herbst gaming GPIC came up. I should have been more observant.

···

--- On Thu, 3/12/09, David Silvus <djsilvus@hotmail.com> wrote:

From: David Silvus <djsilvus@hotmail.com>
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos
To: vpfree@yahoogroups.com
Date: Thursday, March 12, 2009, 8:42 PM

At 0.24% of the shares.

And GPIC is not Herbst.

To: vpFREE@yahoogroups.com
From: larbo929@yahoo.com
Date: Thu, 12 Mar 2009 17:00:49 -0700
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos

CALPERS is the 5th largest institutional invester. You can see others at
http://finance.yahoo.com/q/mh?s=GPIC

--- On Thu, 3/12/09, David Silvus <djsilvus@hotmail.com> wrote:

From: David Silvus <djsilvus@hotmail.com>
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos
To: vpfree@yahoogroups.com
Date: Thursday, March 12, 2009, 6:22 PM

I doubt any pension plans are invested in Herbst.

To: vpFREE@yahoogroups.com
From: larbo929@yahoo.com
Date: Thu, 12 Mar 2009 11:05:13 -0700
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos

Typically the bold holders would be comprised of pension lans, insurance
companies, mutual funds and a few individual investors. Large banks arrange the
financing by placing the bonds for a fee, but would not hold onto these longer
term instruments themselves.

--- On Thu, 3/12/09, Jigger Woodruff <bayfieldkent@yahoo.com> wrote:

From: Jigger Woodruff <bayfieldkent@yahoo.com>
Subject: RE: [vpFREE] Re: LVRJ - Herbst Gaming loses their casinos
To: vpFREE@yahoogroups.com
Date: Thursday, March 12, 2009, 1:57 PM

--- David Silvus <djsilvus@hotmail. com> wrote:

Don't feel sorry for creditors. No one made them
loan money.

~~~~~~~~~~~~ ~~~~~~~~~ ~~~~~~~~

True, but by creditors aren't we really saying
investors? All the little guys looking for a safe
place to put some money - not safe, but with less
volatility than the stock market? These are the
people getting hosed - they have been offered pennies
on the dollar. The big boys I'm sure will not feel
nearly as much pain. Bastards.

JW

[Non-text portions of this message have been removed]

__________________________________________________________
Windows Live™ Contacts: Organize your contact list.
http://windowslive.com/connect/post/marcusatmicrosoft.spaces.live.com-Blog-cns!503D1D86EBB2B53C!2285.entry?ocid=TXT_TAGLM_WL_UGC_Contacts_032009

[Non-text portions of this message have been removed]

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

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

[Non-text portions of this message have been removed]

_________________________________________________________________
Express your personality in color! Preview and select themes for Hotmail®.
http://www.windowslive-hotmail.com/LearnMore/personalize.aspx?ocid=TXT_MSGTX_WL_HM_express_032009#colortheme

[Non-text portions of this message have been removed]

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

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

[Non-text portions of this message have been removed]