A Space & astronomy forum. SpaceBanter.com

Go Back   Home » SpaceBanter.com forum » Space Science » Policy
Site Map Home Authors List Search Today's Posts Mark Forums Read Web Partners

Space Tourism a con job?



 
 
Thread Tools Display Modes
  #21  
Old December 22nd 09, 09:23 PM posted to sci.space.policy
BradGuth
external usenet poster
 
Posts: 21,544
Default Space Tourism a con job?

On Dec 15, 12:57*am, Sylvia Else wrote:
William Mook wrote:
You are the one Freddie saying 'stupid ****' like an escrow account
can't be part of a trust and funds placed at risk cannot earn interest
and stuff like gross negligence can't release funds placed at risk.
haha..


http://en.wikipedia.org/wiki/Escrow


Yet clearly, there are a couple of things that can't be done with fund
in escrow:

a) They can't be spent.

b) They can't be pledged against a future liability

since either of these would mean it was impossible for the funds to be
returned to the depositor in the event of a default.

For a person developing a service, they are useful as a guarantee that
the service will be paid for if it is delivered. But the funds are not
available to support development.

Sylvia.


That would be nice if the private Federal Reserve played by the rules,
and their kosher approved SEC didn't continue with their pro-Ponzi
policy of letting the rest of us get screwed.

~ BG
  #22  
Old December 22nd 09, 09:33 PM posted to sci.space.policy
BradGuth
external usenet poster
 
Posts: 21,544
Default Space Tourism a con job?

On Dec 15, 3:16*pm, Sylvia Else wrote:
William Mook wrote:
On Dec 15, 3:57 am, Sylvia Else wrote:
William Mook wrote:
You are the one Freddie saying 'stupid ****' like an escrow account
can't be part of a trust and funds placed at risk cannot earn interest
and stuff like gross negligence can't release funds placed at risk.
haha..
http://en.wikipedia.org/wiki/Escrow
Yet clearly, there are a couple of things that can't be done with fund
in escrow:


a) They can't be spent.


b) They can't be pledged against a future liability


since either of these would mean it was impossible for the funds to be
returned to the depositor in the event of a default.


Depends on the details Sylvia spelled out in the terms creating the
financial arrangement.


No it doesn't. All sorts of financial arrangements can be entered into,
but if the above don't apply, this it's not an escrow.

Sylvia.


Correct, escrow = escrow (as in can't be touched or utilized for
leverage)

On the other hand, a pledge or even a promissory note can be anything
you like.

Perhaps a federal excise tax of 10% would make Mook happy, but only if
100% of that tax went into his R&D (with no strings attatched).

I've offered a 50% matching fund, whereas the 50/50 public investment
also gets to own 50% of whatever's accomplished (good or bad).

~ BG
 




Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
(Poll) Space Tourism -- Space Shuttle 19 June 2nd 07 06:49 PM
(Poll) Space Tourism -- Space Station 19 June 2nd 07 06:49 PM
(Poll) Space Tourism -- Policy 26 June 2nd 07 06:49 PM
(Poll) Space Tourism -- History 19 June 2nd 07 06:49 PM
space tourism Fred Hapgood Science 6 December 16th 05 04:54 PM


All times are GMT +1. The time now is 06:18 PM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright ©2004-2024 SpaceBanter.com.
The comments are property of their posters.