And if the wife finds out I'll get the blame again.
15th Oct 2008 3:42 pm
PaulP
Member Since: 04 May 2007
Location: Barcelona
Posts: 4317
Re: BANKERS sorry to shout but....
I'm currently sitting in hotel in Portugal waiting for the bar to open at 6pm getting some work done in the lobby and I've spent the last hour listening to Sky News and all of their doom and gloom stories...
Someone mentioned the 'hype' that is surrounding this crisis (I'm also getting sick of hearing the word) and I think it's true - as usual, the media are blowing things out of all proportion (or at least they aren't exactly helping to stabilise the situation), causing even more panic cost-cutting and downsizing through industry everywhere....unemployment is still on the up and will get worse everywhere for a long time to come.
I just hope that all these government 'aid' funds are going to be very closely monitored. The banks have proven that they are not in a position to control and regulate themselves with our money, so why give them more?
This comment is not related to Pelmya's excellent post about bank workers - I'm generalising a lot to get the point across and I don't mean to lump all of the banking industry workers together
darrind wrote:
I was brought up to never spend what you cannot repay and never owe anybody anything.
Does that include not owing a set of eBay LR driving lamps to a certain JMcL? 2006 Discovery 3 TDV6 SE AutoBuckingham Blue 2007 Golf GT DSG
15th Oct 2008 4:03 pm
Pelyma
Member Since: 06 Jan 2005
Location: Patching, Sussex
Posts: 15496
Don't you all realize if none of this happened Robert Peston would be out of a job, what a bleak future he would face, so please think on and react to all news with blind panic to keep him in a job!
Quote of the week has to go to Williams de Broe who in their weekly market round up said that the blind Belgian who drove the lambo at 197mph has had the perfect training to be a stockbroker DS3 TDV6 HSE - Silver with Alpaca (old one) Gone
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15th Oct 2008 4:22 pm
NJF
Member Since: 05 Oct 2007
Location: Gone
Posts: 2466
Bring back old-style banking ...
15th Oct 2008 7:52 pm
crews control
Member Since: 18 Mar 2007
Location: Dorset
Posts: 5011
I was thinking...
it's not a good time to win the lottery.
Where could you safely leave all that money?
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15th Oct 2008 11:00 pm
Pelyma
Member Since: 06 Jan 2005
Location: Patching, Sussex
Posts: 15496
With me DS3 TDV6 HSE - Silver with Alpaca (old one) Gone
DS3 TDV6 HSE- Silver with Alpaca (new one) Gone
D4 HSE Lux - Montalcino Red Gone
Porsche Cayenne V8 Diesel S
Or an off-shore account, in the antipodes. Did you think I would leave you crying,
When there's room in my D3 for 7,
Climb in here Joe we'll soon be flying,
I can go just as fast with 7.
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Member Since: 29 May 2007
Location: wiggleigh bottom
Posts: 1112
Banks like trade and especially volatile markets because they get commission on each trade. There is a drive therefore to make any old financial instrument (dead dogs / puppies(dead dog futures) / thin air) just to trade it. Using marketing and the herd instinct bubbles are made which burst eventually. So most growth is phantom and when the bubble bursts its back to the real economy.
Only this time the structured product "engineers" went for the fixed income side after having previously firked up equity a couple of bubbles ago and reduced investors appetite for equity. Fixed income is massive and used to be stable. Making products here should entice investors. Driven by bubble bonus mania the most important pillar of investment has been well and truly done in. This is only the start. Wait until credit default swaps hit the fan.
Just hope that some of these b/ go to jail. Its just a big con. Business always gets the profit, but if there's risk or loss involved, thats pushed onto the state(the tax payer).There's one wheel on my wagon, but i'm still rollin' along, it's the cherokee, they're after me, but I'm singing a happy song
20th Oct 2008 9:19 pm
frogall
Member Since: 29 Aug 2008
Location: Norfolk
Posts: 250
Just seen on Freel2.com........
What's the difference between Investment Bankers and London Pigeons? The Pigeons are still capable of making deposits on new BMW's
What's the difference between an investment banker and a large pizza? A large pizza can feed a family of four.
The last time Iceland had a crash like this aisle three was closed all day.
What have Icelandic banks and an Icelandic streaker got in common? They both have frozen assets
This is worse than a divorce. I've lost half my net worth and I still have a wife."
How do you define optimism? A banker who irons 5 shirts on a Sunday.
Kind of them to make my day I'm on a whisky diet. I've lost three days already.
20th Oct 2008 11:30 pm
PaulP
Member Since: 04 May 2007
Location: Barcelona
Posts: 4317
I suppose this is now off-topic in this thread, but what the hell
I've just read this articule about the financial 'crisis' and solutions to stave off the impending recession:
Nothing revolutionary or stuff that we didn't really know, but it explains things clearly and I found it interesting...2006 Discovery 3 TDV6 SE AutoBuckingham Blue 2007 Golf GT DSG
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go to jail. Its just a big con. Business always gets the profit, but if there's risk or loss involved, thats pushed onto the state(the tax payer).
