While we are still recovering from the "shock" of Evil Solutions going under we get hit with the news of two more companies biting it. Goodbye to Secured Lending and NREIS. Now, unlike Evil I actually enjoyed SLS and NREIS. A lot. Sad to see them go. Plus NREIS owes me a lot. The orders were done in the past 60 days so I was not concerned with not being paid yet. As I sat and licked my Evil wounds and prepared my tongue for the NREIS wounds I shall soon be licking I pondered why this is happening. Now, with Evil it was because they were liars and crooks and the fact they lasted this long was astonishing. However, with the other ones....well, I really had to wonder and then it hit me.
The banks don't want to pay for work, so they get the BPO companies to underbid each other to the point where we are getting $30 drive by orders (WTH?) and there is STILL not enough profit left for the asset companies to keep their doors open. Who does keep their doors open? Those who have gone off shore for QC and support services. Very sad. Some are so greedy that they are killing everyone else.