Freddie and Fannie nationalised!

ad9898_3

Brown has and is spending the peoples money like all the mewers who are now biting their fingernails. He has spent it on things that give nothing back to society, the welfare state costs us £160 billion a year or every penny of your income tax.

Now don't get me wrong there are a lot of vulnerable people out there that need help who through no fault of their own find themselves in the s**t, I have no problem whatsoever in helping these people but Browns' policies have bred an underclass of spongers who rip off this country with their dodgy tax credit claims, disability claims, housing benefit, council tax benefit, the list goes on.

Now bailing out these people is bad enough but to even consider bailing out people who cant keep up the repayments on their mortgage because they mewed to put a BMW X5 or a Mitsibushi Warrior on their drive or a wardrobe full of Armani gear is totally insane. Darling needs to resign, which almost certainly take that Neighbour from Hell with him.

ultra10

ad9898 wrote: »

Unfortunately I wont be laughing, as I have no debt. I am....wait for it Broon... PRUDENT, do you remember that word..... no ??? , thought not. What it means you thick socialist p***k is I live within my means, I buy what I can afford, I save if I cant afford it and buy it then. It means saving for a rainy day, putting something aside when times are good so that I'm ok when things are bad.

Its a word that Broon has used often but obviously has no idea !!!!!! it means, his whole chancellor/premiership he has given money to scrubbers, fekless no hopers etc.. who have given nothing back to society, only taken from it.......time is up for you Brown but before you go you can kick the decent people of this country in the guts one more time by bailing out all the Mewers, what a complete and utter tw*t

A most enjoyable rant !!! :T :rotfl:

ad9898_3

chucky wrote: »

you need to try the US welfare system - that will shock you. much worse than ours.

on the other hand try the French or other European welfare states. they're pretty good... unfirtunately you'd be paying much more tax (direct or indirect), probably 50% more and that's why there welfare state is better.

then again you'd probably complain at that too... catch 22 for you...

The welfare state here could be cut quite easily by about 20 billion, for starters stop giving scrubbers the option of having 5 kids with 5 different dads and earning about 25k net, make these people and people like them responsible for their actions, cut housing, council and tax credits back so they have no choice but to got out and earn.

Council estates now that were originally meant for the working class i.e miners, steelworkers etc. are now being filled with skinny coke hags with double buggys, the word "work" to these people means queueing at the post office on mondays' for " me giro" followed by 4 hours of Jeremy Kyle.

ad9898_3

chucky wrote: »

i can't really can't comment on the council flats that are meant for miners and steelworkers because they're aren't many in London - if there were it would definately be a bit of a commute.

love the angry posts though

Lol, well not angry really, its just damn frustrating when your workin 6-7 days a week to prop this lot up.

mewbie_2

I suppose I should thank you really. It's not often you get to thank your benefactor in such a direct way. Cheers bro', and we'll order some extra Stella to toast your health with tonight.

mr_magoo_5

To answer Chuckys question,
Americans will face major problems as foreign investors will DEMAND higher yields to finance the deficits as Government debt/risk is racking up to enormous levels, they will want huge returns for taking a risk in the USA. Meaning IMO either stagflation or long period of Japanese type deflation. We face the same in this country because Brown has already chosen to bail out the banking/finance sector.
So this is still the beginning playing out.

geoffky

This is getting scary now.......where will it end? hyperinflation here we come..

here is some good analysis http://www.tickerforum.org/cgi-ticker/akcs-www?post=59071&page=11

I,_Brian

What will be really interesting is how this will affect the rest of the US mortgage companies.

What's ironic is that Fannae and Freddie were actually in recovery - they both hit their lows over 2 weeks ago, but are now both up over 60% since then as investor confidence began to return on assurances of continued good capitalisations and decent debt sales.

fatpig_2

I wonder which UK banks held most of these US mortgage company shares. I think Barcalys might have. Not good for them as the shares are now effectivley worthless.

fatpig_2

ad9898 wrote: »

, for starters stop giving scrubbers the option of having 5 kids with 5 different dads and earning about 25k net, .

.

Oi! Leave my mum out of it!