The Wholesale Forums

[mug2k]

Originally Posted by buzzmonkey

so whats going to happen next time?

banks have to much power (suprisingly) go back 2 or 3 years ago and no one cared about sub prime this and banks and stuff...

Everyone lets sue all the banks for ****ing up the economies of the world

lol, then the stimulus package would cost even more due to all the money the banks lost due to the suing.

For every action theres a reaction

[PGC Trading]

lol true ok how bout just putting the idiots behind bars who decided to loan money to people who couldn't afford it

[mug2k]

Originally Posted by buzzmonkey

lol true ok how bout just putting the idiots behind bars who decided to loan money to people who couldn't afford it

Sounds good. Did you know old man McCain was in favour of less regulation. The lack of regulation got them/us into this mess in the first place. What a muppet.

What I don't understand is how our sterling has got so weak against the pound, there the ones that ruined the economy in the first place. Is our recession potentially worse than theirs ?.

[mug2k]

pound = dollar

[PGC Trading]

Because most of our stupid banks decided to invest OUR money into THEIR sub-prime mortgage industry and now we're paying the price...studied this last year for my degree in Economics... was going to work in the banking industry...don't think so anymore!!!lol

[mug2k]

Originally Posted by buzzmonkey

Because most of our stupid banks decided to invest OUR money into THEIR sub-prime mortgage industry and now we're paying the price...studied this last year for my degree in Economics... was going to work in the banking industry...don't think so anymore!!!lol

I just it doesn't last too long. Better pound to dollar ratios = better profits

The good thing out of this is the possibility of getting a house alot cheaper. Sure I might have to come up with a large deposit but the saving are bloody good right now and prices may drop even further. Its truly a buyers market if you got the dosh.

[PGC Trading]

true true....just as you say massive deposit something like 30:70 ratio...

[matty2012]

I would imagine the same thing, however i would expect the government to pick up on it earlier next time (if it happens) there where many economists who saw this happening a year or two ago and no one took any notice of it (if they did they did'nt publicise it). In my opinion the government should have nationalised the banks straight away and took control of the internal influences. You see bankers in other countries such as China publicly apologising to the nation for what has happened, where as in the UK no remittance is seem to be shown (no sorry i was wrong for example) and walking away with some people giving themselves a 60million pension.

[lizzieb]

has anyone had any dealings with a marketing company called internet perfections part of " adwords group " ?

[RWA]

It's budget day tomorrow, going to be an interesting day and were also heading towards "deflation".