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Susan Lorraine Knox's avatar

That’s a good question. Anyone care to guess the limits? Thirty years ago when i left the States (couldnt afford to retire there: the powers that be had squeezed all the blood out of that turnip), I met a “retired” Scots doctor who did face lifts. He was a busy man. Well never catch the perpetraitors who started all this, just maybe a few who were left holding the bag. The ones who got away all these years set an example for the next round of crooks. Instead of licensing hunters to go after wolves, we should put bounties out on all the CEOs who sold their souls for their measley, inflation ridden retirements and the merger artists who bought out decent little American companies, sold the assets, people put of work and bought an island.

Do I sound slightly p*ssed off? As Malcom Nance says, maaaybeeeee.

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cig (TX)'s avatar

Mergers should be illegal as a scam to redistribute assets. I remember reading about the closing of Safeway when I lived in northern Louisiana (late 1970s). The article juxtaposed the long-time Safeway workers (who lost good-paying jobs and pensions) and the East-coast corporate raiders (who legally absconded with the money).

Or, when a companies "merge," they must remain so for five years -- a proposal that would never be accepted.

Such a five-year commitment would also clean up the mortgage market. If you approve someone for a mortgage -- if you think they are financially solvent enough -- then you keep that mortgage for five years before selling it. Don't just pocket the closing costs and run.

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Stuart Attewell (Paris, Fr)'s avatar

Where are you based now Susan? Knox is certainly a great Scots name.

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TPJ (MA)'s avatar

Lorraine is a great French name. Lotharingian too.

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Stuart Attewell (Paris, Fr)'s avatar

But didn't become fully part of France (this time) until 1918 after alternating like a yoyo historically between France and German domination. There are still considerable legal differences between Alsace-Lorraine and the rest of France. We'll see about next time.....

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Ally House (Oregon)'s avatar

I'm looking hard at retiring in Portugal. What part of Portugal did you settle in?

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