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re: Shrimpers plan to tie up boats over dropping prices

Posted on 9/6/14 at 1:36 pm to
Posted by JasonL79
Member since Jan 2010
6398 posts
Posted on 9/6/14 at 1:36 pm to
quote:

Fishing boats are bought by the Vietnamese community pooling in there money. My dad and his friends bought their first boat in 83' by pooling his money with 3 other family(also had to borrow more from friends and family). The thing with minorities is they are really good at loaning money and helping each other. You will see the same thing with cambodian with doughnut shop, pakistanis with gas station, indians with 7-11, korean with dry cleaners, etc


This is true. Vietnamese are very good at pooling their money and working with other Vietnamese. White americans are not nearly as good with working with other white americans.

quote:

Not sure where this misconception came from but this is not true at all. There is no government subsidies or handouts.


It is true to a certain extent. There were some interest free loans given to them that weren't available to white Americans back in the 80's. GMC (think that was the company) even had deals to put motors in their boats which were either interest free or subsidized.

This post was edited on 9/6/14 at 1:42 pm
Posted by dagrippa
Saigon
Member since Nov 2004
11305 posts
Posted on 9/6/14 at 1:41 pm to
quote:

It is true to a certain extent. There were some interest free loans given to them that weren't available to white Americans back in the 80's. GMC (think that was the company) even had deals to put motors in their boats which were either interest free or subsidized.


Well I've never heard about this. Maybe because it was around 30 years ago I dunno. The viets I've known do not and have never relied on the government at all.

They work hard and don't bitch about shite. You know how America used to be before we got soft.
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