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Old 04-30-2008, 12:13 PM
  #21  
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When does Mesa release their financial numbers?

I want to make a prediction about how much longer Mesa will be in business, but I need to see how much money they are losing and their cash on hand.
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Old 04-30-2008, 12:14 PM
  #22  
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Originally Posted by andy171773
Because the federal reseve is NOT a government organization..it's private, and headed by the major banks of the united states. They make money off of the government for every dollar that's made. A weaker dollar, means more of them out there....and more money for them.
The Federal Reserve System is a partial government organization, it was created by congress is the 1910's, the board of governors is appointed by the President, Federal Open Market Committee, and the 12 Federal banks also compose a large chunk of the membership. Now private banks and other councils also belong, but to say it is not a government organization is not true.
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Old 04-30-2008, 12:15 PM
  #23  
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It's semi-private, but it is nonetheless a government entity. And it's not headed by the major banks of the United States; it's the other way around.

And to say that the boardmembers of the Fed are personally benefitting from the weak dollar is ludicrous. That just drives up inflation and reduces your global buying power.
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Old 04-30-2008, 12:17 PM
  #24  
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Chapter 11 in 2 months

Chapter 7 in 4 months

Pilot shortage ended
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Old 04-30-2008, 12:17 PM
  #25  
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Originally Posted by The Chow
Sharkair,

the fed is a private entity that will testify before congress from time to time but actually answers to no one. I liken the fed to federal judges. Once appointed they're there for as long as they want.

I wouldn't cal it private, but more of an autonomous part of the government. Members of the Board of Governors are almost akin to Supreme Court Judges...They are appointed by the President and have no term limits, they either die or get tired of being called stupid by the press.
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Old 04-30-2008, 12:20 PM
  #26  
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Originally Posted by BlueMoon
Exactly the Board of Governors is appointed by the President and have no term limits, they either die or get tired of being called stupid by the press.

Actually I think I'm wrong on this one.

Appointments to the Board
The seven members of the Board of Governors are appointed by the President and confirmed by the Senate to serve 14-year terms of office. Members may serve only one full term, but a member who has been appointed to complete an unexpired term may be reappointed to a full term. The President designates, and the Senate confirms, two members of the Board to be Chairman and Vice Chairman, for four-year terms.
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Old 04-30-2008, 02:32 PM
  #27  
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Originally Posted by BlueMoon
Why aren't you a captain yet?
My number should come up next month at my one year mark.
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Old 05-01-2008, 05:46 AM
  #28  
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Originally Posted by andy171773
Because the federal reseve is NOT a government organization..it's private, and headed by the major banks of the united states. They make money off of the government for every dollar that's made. A weaker dollar, means more of them out there....and more money for them.
You are wrong on all counts. The Federal Reserve is technically a semi-public organization, but it was created by congressional mandate and has the purpose and duty to steer the nation's underlying financial foundations. It does not exist or function to make money.

As was mentioned some private banks have a function within the organazition, but it's highly regulated. It would be a bad idea for the government to make decisions about ANY industry without first consulting those within that industry. Government employees know how to run the government (sort of), they aren't usually experts in other fields.

Maybe at least try google before you discuss topics which you have no knowledge about?
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Old 05-01-2008, 05:49 AM
  #29  
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Originally Posted by Slice
All hail the all wise Texaspilot! Can you tell me who to bet on at the Derby this weekend?
hahahah absolutely classic, ever since Texas has went to wherever he is, he has an inflated EGO
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Old 05-01-2008, 09:22 AM
  #30  
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Originally Posted by texaspilot76
ERJ Driver, you should have taken my advice. Mesa is collapsing. If you would have left Mesa back when the trouble was starting, you might have been close to Captain at another regional by now.

The regionals hiring is slowing, and with qualified pilots on the street from ATA, Champion, etc., it will get even more tight. Better get on with someone now before you have to drive a truck.
Besides, who's to say Mesa won't get bought out and he'll stay in the left seat? Or are you prepared to tell us all whether or not that will happen.
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