| Archive for everythingleeds.myfastforum.org |
| raveydavey |
Why has this taken so long?http://www.telegraph.co.uk/money/...money/2008/09/18/bcnstocks218.xmlSpivs, speculating with other peoples shares are ruining other peoples lives in the pursuit of pure greed. Why has it taken so long for the authorities to act? |
||
| Garp |
Not sure why it was left so long. It was banned in the States a little while back when financials like Fannie Mae and Freddie Mac were being shorted to death. Shame the ban in the UK came too late for HBOS, although I have read that shorting was minimal in the run up to the dramatic slide in HBOS share price.
Either way, regulation is required. Too many spivs making money out of institutions at the expense of small investors, future pensioners, tax payers. The big institutions have lost understanding of their positions, and many are hard pressed to understand or explain the instruments they have invested in on behalf of small investors. |
||
| raveydavey |
On t'news now that the Americans have voted against the $700 billion aid package for Wall Street.
I'm also deeply annoyed that Bodger Brown and his Darling has nationalised another failing bank. FFS, thats my bloody money you're throwing away there! Bloody right too. They lived high on the hog for long enough with six figure bonuses, new Porsches and champagne all round and they're now reaping the whirlwind they sowed. Everyone knew the "boom" was built on risky speculative lending, but still they carried on. Why on earth should the global economy be reliant on the commission and bonuses of a handful of stripey shirted, red brace wearing tw*ts? |
||
| 30 Mill |
Because the "other" option is actually a whole heap worse for the likes of thee and me
Your mortgage will go thru the roof, and you will foreclose Your saving will shrivel to the size of an acorn Your super annuation / retirement money is all invested - that will amount to nowt Basically all everyone has worked for will amount to zip The likes of us will have no job, no money and more thanlikely no pension or future The rich feckers will also have a lot less too (althought there idea of a lot less would make us very very happy) So it is BETTER to let them get away with it (Yes they have rorted the system)and let us live than the other option |
||
| raveydavey |
Your mortgage will go thru the roof, and you will foreclose
Don't have a mortgage, never likely to have one either, so thats not a problem. Your saving will shrivel to the size of an acorn Never have more than a couple of hundred quid in savings, usually saved specifically for something, so again not likely to be an issue. Your super annuation / retirement money is all invested - that will amount to nowt Thanks to Bodger Brown I am now on my 4th different pension in the last 6 years. I am resigned to retiring (in around 32 years) with probably just enough of a pension to mean that I don't qualify for any state help. Unlike those who have never paid a penny in. So, not likely to be a problem either. It's also worth mentioning that the firm I work for is a now owned by a joint venture between General Motors and Cerberus (an American private equity firm). Do a Google on how much they owe between them....so the no job option is a very real possibility. mrs ravey works for an American owned property company. Oh dear.... 
|
||
| raveydavey |
I wouldn't say things are looking grim, but I've taken the precaution of rejoining the union (which I left earlier this year in an attempt to save money...). Up the workers.
|
||