I blame the scapegoats

nobblyned

Bankers

GDB2222 wrote: »

Ahem, who gave AAA ratings to worthless CDOs?

Aahh, corporate credit rating agencies rather than personal ones. Gotcha.

I was thinking more at the micro level, people who should have never had the loans in the first place were given them by the bank. I don't think the CDO's themselves were transparent enough to rate after they had been packaged. The flaw, in my eyes, originated at the taking on of unsuitable debt by the consumer and the banks that allowed it to happen.

hethmar

Politicians

Generali wrote: »

Oooh great. What do I win?

Do I have to give it back if I reveal that it's the title of a book?

Nope, you still get the prize for having the nerve to use it

Hmm, what do you get, have to think about that - any suggestions people?

Generali

Generali

hethmar wrote: »

Nope, you still get the prize for having the nerve to use it

Hmm, what do you get, have to think about that - any suggestions people?

You could have a whip round and get me a new build flat in Lancashire somewhere. 20 or 30p each should do it.

Ian_Griffiths_Halifax

The media

Generali wrote: »

You could have a whip round and get me a new build flat in Lancashire somewhere. 20 or 30p each should do it.

Is that the cost of the flat or the contribution? :rotfl:

chewmylegoff

Generali wrote: »

Do I have to give it back if I reveal that it's the title of a book?

well, there is a chance, so you should probably set up a complex web like system of insurance type derivates to protect your position.


personally i blame no-one.

i'd rather live in a capitalist system which inevitably comes with stuff like this happening, than live in a bleedin' gulag, thanks very much. i'll take the good times and the bad, rather than have the whole lot bad.

hethmar

Politicians

Well, you can only appreciate the good when you have lived through the sh*t cant you. Some of the youngsters on here have had it too easy.

worldwheeler

ray123 wrote: »

What about interest and lending on credit - the fundamentals of the banking system?
Why are they not on the list?

The fundamentals of the banking system? = BANKRUPTCY.
This is built into the fractional reserve banking system.

Watch this and understand http://video.google.com/videoplay?docid=-515319560256183936&ei=VvD0SN3HDZCQqQKD2czfDg&q=money+masters&hl=en

Understand the so called "business cycle"

Sir_Humphrey

It's more complicated than that

worldwheeler wrote: »

The fundamentals of the banking system? = BANKRUPTCY.
This is built into the fractional reserve banking system.

Watch this and understand http://video.google.com/videoplay?docid=-515319560256183936&ei=VvD0SN3HDZCQqQKD2czfDg&q=money+masters&hl=en

Understand the so called "business cycle"

This is about the 100 millionth time I have seen a link to that crank video.

Knock it off guys! :rolleyes:

As for blame. I ticked most of the above in the list. The bankers come off lightly I suspect as the poll did not have rankings.

worldwheeler

Sir_Humphrey wrote: »

This is about the 100 millionth time I have seen a link to that crank video.

Knock it off guys! :rolleyes:

As for blame. I ticked most of the above in the list. The bankers come off lightly I suspect as the poll did not have rankings.

The truth is the truth. You CHOOSE to blinker yourself, that's up to you. When the cashless society is brought in do not ask "Why did we let this happen?"

"100 millionth" is that fractionally speaking?

Generali

Generali

Sir_Humphrey wrote: »

This is about the 100 millionth time I have seen a link to that crank video.

Knock it off guys! :rolleyes:

3-and-a-half hours on how we are all puppets of the Rothschilds. Heaven help us.

The thing I've always wondered about that sort of Freemason/Jewish Conspiracy/Rothschilds/P2 lodge conspiracy is even if it is true, !!!!!! are you going to do about it?

You've got a bunch of people who are organised enough to create an entire system of money and government that you can't even see let alone know how to attack. What am I supposed to do? I'm barely organised enough to get The Boy off to nursery in matching socks. I only manage to get myself in matching socks by ensuring that all my socks are identical.

Sir_Humphrey wrote: »

As for blame. I ticked most of the above in the list. The bankers come off lightly I suspect as the poll did not have rankings.

I'm pretty surprised they're (we're) not walking this thing. People love a scapegoat and they hate bankers.

I'm a little upset to find myself less popular than journalists!