Fountain in business period.
03-18-2009, 03:41 PM
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Fountain in business period.
If we are going to have a discussion it should be based on a true premise.Fountain is a company selling to customers worldwide and has a listed stock value you can see for yourself.The company started up in 1979 and was very successful during a bad economy. We had a gas crisis and 20% interest rates. Then a luxury tax of 10% came later. I really can't believe they would suddenly shut down so why these rumors?
03-18-2009, 06:21 PM
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well crayolacrazy don't know your age but 720 credit scores and MONEY DOWN was the normal way to purchase all items. Not just boats. No money down and 550 credit scores are what caused the housing mess too. Unfortuanatly we as Americans have had it too easy for far to long and have forgotten the way credit should be used. Why banks were even lending to people with poor credit and no money gown was stupid. Yes it really got the economy going strong but at what price. look the shape its in now. We all need to look at the big picture. WE ARE ALL TO BLAME FOR HAVING IT TO EASY AND NOT LIVING IN REALITY!!!!
03-18-2009, 06:39 PM
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well crayolacrazy don't know your age but 720 credit scores and MONEY DOWN was the normal way to purchase all items. Not just boats. No money down and 550 credit scores are what caused the housing mess too. Unfortuanatly we as Americans have had it too easy for far to long and have forgotten the way credit should be used. Why banks were even lending to people with poor credit and no money gown was stupid. Yes it really got the economy going strong but at what price. look the shape its in now. We all need to look at the big picture. WE ARE ALL TO BLAME FOR HAVING IT TO EASY AND NOT LIVING IN REALITY!!!!
not stated income, no proof of a job, and 600 credit, WTF were banks even thinking?
03-18-2009, 07:25 PM
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Fountain has weathered some bad times before and will likely survive this current mess. The man is not stupid, look at where he is, what he has achieved in life, most anyone involved in boating recognizes his name. Wonder why?
People need to face the fact that if they are living over their heads it will eventually catch up with them, and when it does it hurts. This downturn has just brought that fact around a lot quicker for some. Banks need to smarten up, some guy making 50K a year just plain and simple should not have a six figure toy financed out for 20 years on top of his 30 year interest only mortgage for a house he has no business being in in the first place. It's a failed deal from day one. You just don't need a lot of brain power to figure that one out. Personally I just don't think the majority of Fountain customers fall into this brain dead economic group, so I'm thinking he will weather this deal.
People need to face the fact that if they are living over their heads it will eventually catch up with them, and when it does it hurts. This downturn has just brought that fact around a lot quicker for some. Banks need to smarten up, some guy making 50K a year just plain and simple should not have a six figure toy financed out for 20 years on top of his 30 year interest only mortgage for a house he has no business being in in the first place. It's a failed deal from day one. You just don't need a lot of brain power to figure that one out. Personally I just don't think the majority of Fountain customers fall into this brain dead economic group, so I'm thinking he will weather this deal.
03-18-2009, 10:26 PM
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well crayolacrazy don't know your age but 720 credit scores and MONEY DOWN was the normal way to purchase all items. Not just boats. No money down and 550 credit scores are what caused the housing mess too. Unfortuanatly we as Americans have had it too easy for far to long and have forgotten the way credit should be used. Why banks were even lending to people with poor credit and no money gown was stupid. Yes it really got the economy going strong but at what price. look the shape its in now. We all need to look at the big picture. WE ARE ALL TO BLAME FOR HAVING IT TO EASY AND NOT LIVING IN REALITY!!!!
03-19-2009, 12:47 AM
#6
well crayolacrazy don't know your age but 720 credit scores and MONEY DOWN was the normal way to purchase all items. Not just boats. No money down and 550 credit scores are what caused the housing mess too. Unfortuanatly we as Americans have had it too easy for far to long and have forgotten the way credit should be used. Why banks were even lending to people with poor credit and no money gown was stupid. Yes it really got the economy going strong but at what price. look the shape its in now. We all need to look at the big picture. WE ARE ALL TO BLAME FOR HAVING IT TO EASY AND NOT LIVING IN REALITY!!!!
Last edited by 99fever27; 03-19-2009 at 12:49 AM.
