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General News about Key and his Staff
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<blockquote data-quote="RonJohn" data-source="post: 921538" data-attributes="member: 2426"><p>That kind of sounds like a young person shopping at the mall. "Saving" depends on how you look at it. If you go to the mall with zero dollars in your bank account and buy $500 worth of clothes because they were on sale, you might have "saved" $1,000 but your net worth still dropped to negative $500. GT didn't "save" any money by not paying Fritz's buyout. By which I mean that they didn't put $8 million that was sitting on the table into a savings account. They just didn't go into more debt and start scrambling a fund raiser to pay that money out. The $1,000 that the shopper "saved" isn't sitting in a bank account to use for something else.</p></blockquote><p></p>
[QUOTE="RonJohn, post: 921538, member: 2426"] That kind of sounds like a young person shopping at the mall. "Saving" depends on how you look at it. If you go to the mall with zero dollars in your bank account and buy $500 worth of clothes because they were on sale, you might have "saved" $1,000 but your net worth still dropped to negative $500. GT didn't "save" any money by not paying Fritz's buyout. By which I mean that they didn't put $8 million that was sitting on the table into a savings account. They just didn't go into more debt and start scrambling a fund raiser to pay that money out. The $1,000 that the shopper "saved" isn't sitting in a bank account to use for something else. [/QUOTE]
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