For me number 1 fans! - irish mortgage crisis.

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UKRuss
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Re: For me number 1 fans! - irish mortgage crisis.

Post by UKRuss » Tue Nov 09, 2010 9:55 pm

dum wrote: half owned by China & Japan ?
To be fair, strictly speaking, that would be two thirds owned...wouldn't it?

dum
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Re: For me number 1 fans! - irish mortgage crisis.

Post by dum » Wed Nov 10, 2010 1:07 am

UKRuss wrote:
dum wrote: half owned by China & Japan ?
To be fair, strictly speaking, that would be two thirds owned...wouldn't it?
oh ya ?

I wonder if we'll live to see the day when the U.S president...err, sorry...chairman is a japanese TV linked up via satellite to Beijing.


MMMMmmmmmmmmm freedom noodles. Yum.
Pasha wrote:Thanks dum for being so precise.

dum
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Re: For me number 1 fans! - irish mortgage crisis.

Post by dum » Wed Nov 10, 2010 1:13 am

stringtapper wrote:Why do you characterize it as "grim"?

Like it really changes anything anyway.

Meh.

Image

You are my sunshine....my only sunshine... :lol: :wink:
Pasha wrote:Thanks dum for being so precise.

starving student
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Re: For me number 1 fans! - irish mortgage crisis.

Post by starving student » Wed Nov 10, 2010 5:52 am

:lol: my goodness I would have checked in on you sooner if I'd know you would be so sensitive to the truth, I must warn you though, be careful with this story it is a 'headline' and you know how you feel about 'headlines' haha what a tool, you're probably the only person in that country who deserves it but even by those standards I don't really think anyone deserves such things. Even twats like yourself. I have to admit though it does astonish me how anyone could house a god complex and be so self deprecating inside that tiny little brain of yours, I imagine no one will ever really know

LoopStationZebra
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Re: For me number 1 fans! - irish mortgage crisis.

Post by LoopStationZebra » Wed Nov 10, 2010 1:42 pm

dum wrote:
Didn't catch the part about Spain & Italy being on the chopping block ?
The more the fucking merrier and good riddance.


dum wrote:
So what is your problem with the France benchmark ?
The appalling state of their economy? The Out Of Control Spending On Every Possible Level? (Levels Which Would Make the Average Lefty in the USA blush by comparison, lol.) The appalling sense of fucking entitlement that the citizens seem to have? The uber reliance on the State As Mommy Figure and Jesus Substitute To Cure All Ills - Which Costs a Fucking Fortune And Which Translates Into Taxing People Even More - If That's Even Fucking Possible??? see: The French Are Lazy Bastards thread for more info. :lol: ffs. Everytime there's even a mere whisper that the government might cut back on fertilizer subsidies by .00067%, every fucking dumbass French farmer with a tractor converges on Paris to protest. Meanwhile the debt climbs and there hasn't been a sweeping roll of new business investment in France since around nineteen fucking sixty two. :lol: :lol: :lol:


dum wrote:
For the record, Morgan Kelly has been *bang on* in every other article he's written about this shit in the last couple years.
I'd no fucking idea who he was prior to this thread but, having scanned several of his past articles, you are correct in that he made the predictions round about 4 years ago? But after that, his 'solutions' are no different than Paul Krugman from the NYTimes: Enormous amounts of government regulation coupled with forcing the banks and lenders to give loans to just about every douchebag under the sun. When a huge number of those loans eventually default, the new regulations prevent foreclosure proceedings so guess who's on the hook for the cost? The taxpayers. yippee. It's nothing but an enormous social services program to get people into houses that will eventually be paid for by the government ie: the taxpayers. Oh, and the economy goes into further fucking decline, businesses continue to move to China and India, and pretty soon every bank is run by the State. Oh, and let us please not forget that the State/Government is usually made up of former businessmen and bankers who now are simply playing the same game but from a different angle.


I'm not against regulation in the least. While I'm a Flaming Libertarian, I'm all for uber stern yet exceedingly simple lending rules and regs. The problem is that there only needs to be about 3 rules, carefully worded; at around 2 paragraphs each. Here's a summary:

1. Banks/Lenders can no longer partner with investment bankers to package mortage deals and sell derivatives. It was Clinton that repealled the Glass-Steagall Act. To date, Obama has not called for the unequivocal return to Glass-Steagall. His administration's banking reform act does fuck all to prevent banks and investment houses from continuing to muddy the mortage waters. omfg. O. M. F. G. o...m....f.......g :lol:

2. The CEO, other chief officers, and the entire board of directors for all Banks/Lenders will be held financially and criminally liable for the practices of their institutions. Prior to the early 70s, when complicated new corporation laws/rules/standards started to be inacted, CEO/Presidents WERE actually on the hook. Incidently, every Republican/Democrat since then has done virtually nothing to turn this around. Not one. Not even close. Dummy and shell corporations, CEOs and Presidents removed 3 times over from the actions of their companies.

3. No bailouts for banks. No bailouts for homeowners. No bailouts period. If mommy isn't there to catch you when you fall and skin your knee, maybe you'll be a tad more careful.

Of course, the answer for all you fucking Socialists is an ENDLESS series of complicated rules and regulations and laws that only serve to make the government MORE fucking powerful (omfg) and drive businesses to their fucking knees. The horrid part is that it's done in the name of 'protecting' the little guy who, incidently, no longer has a job and no hope for the future but can at least get on the internet and post 'DOWN WITH DIRTY CORPORATIONS!!!' until the cows come home. :lol: :lol:
Last edited by LoopStationZebra on Wed Nov 10, 2010 2:01 pm, edited 1 time in total.
I came for the :lol:
But stayed for the :x

LoopStationZebra
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Re: For me number 1 fans! - irish mortgage crisis.

Post by LoopStationZebra » Wed Nov 10, 2010 1:47 pm

dum wrote:Oh, and loopsie ? How does it feel to be half owned by China & Japan ?

have yourself a mouthful of that grim reality you ignorant bastard :lol:

Japan? No, not really.

China? They own a good part of our debt. Which, if I were them at this point, would be a concern. :lol: :lol:

Can anyone say 'default'?

:P
I came for the :lol:
But stayed for the :x

LoopStationZebra
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Re: For me number 1 fans! - irish mortgage crisis.

Post by LoopStationZebra » Wed Nov 10, 2010 1:58 pm

LoopStationZebra wrote: Oh, and let us please not forget that the State/Government is usually made up of former businessmen and bankers who now are simply playing the same game but from a different angle.

The Obama Administation reads like a Goldman Sachs' phone directory:

Larry Summers
Timothy Geithner
Rahm Emanuel
Gary Gensler
Mark Patterson
Elena Kagan

All who either worked at Goldman, or have deep connections

:lol: :lol: :lol: :lol:

This is why those of you with such faith in goverment are laughable and should kill yourselves now.

Of course, we could always pass more laws preventing these kinds of people from serving....? But then we'd have to create 18 new departments with 4000 employees; which will, of course, grow fucking exponentially every year. :lol:
I came for the :lol:
But stayed for the :x

ikeaboy
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Re: For me number 1 fans! - irish mortgage crisis.

Post by ikeaboy » Wed Nov 10, 2010 2:25 pm

I just had a very tasty toasted cheese sandwich, and I look forward to many more in the future

rote fahne
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Re: For me number 1 fans! - irish mortgage crisis.

Post by rote fahne » Wed Nov 10, 2010 2:45 pm

LoopStationZebra wrote:This is why those of you with such faith in goverment are laughable and should kill yourselves now.
Anything better than a banana republic.
LoopStationZebra wrote:Of course, we could always pass more laws preventing these kinds of people from serving....? But then we'd have to create 18 new departments with 4000 employees; which will, of course, grow fucking exponentially every year. :lol:
Governments can be run like a business model. WE do.

About Italy, its estimated that about 20 to 30 percent of their GDP is black economy.

That is: no taxes, no government at all.

So again, its obvious you dont have a clue what you are talking about.

rote fahne
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Re: For me number 1 fans! - irish mortgage crisis.

Post by rote fahne » Wed Nov 10, 2010 2:46 pm

ikeaboy wrote:I just had a very tasty toasted cheese sandwich, and I look forward to many more in the future
I prefer the Gouda, sorry for that.

rote fahne
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Re: For me number 1 fans! - irish mortgage crisis.

Post by rote fahne » Wed Nov 10, 2010 3:03 pm

Who gives a shit about America btw. ? :lol:

The sooner they destroy themselves, the better we are off.

I say: Dan Quale for President.

LoopStationZebra
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Re: For me number 1 fans! - irish mortgage crisis.

Post by LoopStationZebra » Wed Nov 10, 2010 3:14 pm

rote fahne wrote:
LoopStationZebra wrote:This is why those of you with such faith in goverment are laughable and should kill yourselves now.
Anything better than a banana republic.
LoopStationZebra wrote:Of course, we could always pass more laws preventing these kinds of people from serving....? But then we'd have to create 18 new departments with 4000 employees; which will, of course, grow fucking exponentially every year. :lol:
Governments can be run like a business model. WE do.

About Italy, its estimated that about 20 to 30 percent of their GDP is black economy.

That is: no taxes, no government at all.

So again, its obvious you dont have a clue what you are talking about.

Are you purposely trying to not have a point with all that nonsense, or was that the best lead-in you had before calling me clueless?

I mean, in the future you can just skip all the fucking drivel and get right to the clueless part.

You can thank me later.
I came for the :lol:
But stayed for the :x

LoopStationZebra
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Re: For me number 1 fans! - irish mortgage crisis.

Post by LoopStationZebra » Wed Nov 10, 2010 3:15 pm

rote fahne wrote: Who gives a shit about America btw. ? :lol:

The sooner they destroy themselves, the better we are off.

I say: Dan Quale for President.

A Dan Quale reference.

It truly is the bottom of the barrel with you, isn't it? :lol:
I came for the :lol:
But stayed for the :x

rote fahne
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Re: For me number 1 fans! - irish mortgage crisis.

Post by rote fahne » Wed Nov 10, 2010 3:38 pm

LoopStationZebra wrote:You can thank me later.
For the essay on the economical situation in the world you are still going to write? :lol:

rote fahne
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Re: For me number 1 fans! - irish mortgage crisis.

Post by rote fahne » Wed Nov 10, 2010 3:48 pm

Hey correct me if you are really Washingtons new spindoctor.

I'm Douchebag Nobody, nice to meet you.

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