The 10 people most reponsible for the recession

moggylover

fc123 wrote: »

But isn't that how its always been? I remember watching a war film (not really my type of thing) called Gallipoli, many years ago.

We kind of kid ourselves that we have a certain amount of freedom and independence....and 'With some application, we can be whoever we want to be''.
For the odd few, it may be true, but the rest of us are locked into a system that we can only try to wriggle around inside of. Wriggle around enough, and you feel that you are actually achieveing something...but you are just wriggling around, wearing yourself out...and then you are too tired to notice the bigger picture.

When you do, it's too late.

But then, to a large extent, that is the aim! Keep us struggling, and keep us wriggling and we will be too busy doing that to keep an eye on those with too much money and too much power over the lives of those of wriggling on the ends of their lines;) .

Divide and rule has never worked so well or so effectively as it has in Britain over the last 30/40 years, but the rest of the Western World has been just as remiss in taking their eye (and the choke chains) off the rottweilers in finance.

fc123

moggylover wrote: »

These men (and the woman) are guilty of downright reprehensible behaviour. If they had screwed up so badly in any other walk of life then they would have suffered for it: but they are vilely and disgustingly wealthy and thus they will probably evade the law.

Many may have enough cash stashed away safely to maintain their priviledged lives but, for many, it's a lot about status, or loss of it, if there fund goes down or they are laid off.
That's the bit that will hurt them most.

The whole status thing is part of their identity and could be why the odd one fails to cope and, sadly, tops himself despite having a dependent family.

dervish

moggylover wrote: »

Please could you name just one that has done ANYTHING remotely as bad as these people and who has gone unpunished in any way, shape or form?

One could equally say that the children of those being made redundant this time, or those that were made redundant 20 years ago never to find work again, or those whose parents businesses are being wrecked by the fall-out from the KNOWING activity of this filth did nothing wrong! However, they are not wealthy enough to avoid suffering: the dishonest and immoral sho*te that caused all this always knew that they would not loose anything by gambling with OUR money and always knew that they were doing wrong. Why should their children not suffer, but those of the less wealthy can? What makes their children so special? Money? The old boys network?

These men (and the woman) are guilty of downright reprehensible behaviour. If they had screwed up so badly in any other walk of life then they would have suffered for it: but they are vilely and disgustingly wealthy and thus they will probably evade the law.

Please do not ask my heart to bleed for them: I would put them against a wall and shoot them, repeatedly, in places that would hurt and bleed, but to ensure a long, very slow death! MY heart bleeds for all those innocent of anything but working hard to build a modest life for themselves and their families who will suffer for the actions of these and the other amoral and desperately corrupt scions of the financial World.

I seldom refer to anyone as scum and I seldom rant. However, these people are the deepest and darkest filth and are deserving of no sympathy or tolerance from any of us.

hypocrisy.

If that is how you can think of other people (sadistically and evilly) then you are just as "dark hearted" as they are.

icefall

Adam Applegarth, former Northern Rock boss Luckily for Applegarth, he walked away with a wheelbarrow of cash to ease the pain of his failure, and spent the summer playing cricket - (glad he's ok then!)

!!!!!! Fuld, Lehman Brothers chief executive Facing a grilling on Capitol Hill, he was asked whether it was fair that he earned $500m over eight years. He demurred; the figure, he said, was closer to $300m. :eek: (so thats alright then...)

Its just you don't see any of the stinking rich in court for their crimes, but you can guarantee if any were say - stinking poor they would be convicted and reviled... - whats the difference with white collar crime I ask you? Wheres the justice?

Sapphire

tommy75 wrote: »

http://timesbusiness.typepad.com/money_weblog/2009/01/the-ten-men-to-blame-for-the-credit-crunch.html

Collectively, I think it is also many greedy people who thoughtlessly took on an excessive amount of debt due to their 'must have' attitudes – for which those who did not over-extend themselves are now having to pay.

I also collectively blame the people in the financial world, including those who have wrecked businesses, who have siphoned off millions or billions of pounds (or dollars) for their personal use (often without having to pay tax on these sums) from excessive salaries, bonuses and the like.

I'm afraid Mervyn King must be to blame, too, for not putting up interest rates when he should have to stem the rises in home prices.

moggylover

dervish wrote: »

hypocrisy.

If that is how you can think of other people (sadistically and evilly) then you are just as "dark hearted" as they are.

Not normally I'm not no! But I make an exception for these as I think they have left any human decency so far behind them that they are unworthy of any being given to them:D

Your name wouldn't be Greenspan by any chance would it?:D

bubblesmoney

Generali wrote: »

We're out on the yacht on The Harbour again on Tuesday too.

Still no job though. :-(

you have got your own yatch :eek:
why would you need a job if you own a yatch, is it something like this plus a few 'Bond girls' lazing aroung on the top deck:D

best of luck for the job search :beer:

treliac

Sapphire wrote: »

Collectively, I think it is also many greedy people who thoughtlessly took on an excessive amount of debt due to their 'must have' attitudes – for which those who did not over-extend themselves are now having to pay.

I also collectively blame the people in the financial world, including those who have wrecked businesses, who have siphoned off millions or billions of pounds (or dollars) for their personal use (often without having to pay tax on these sums) from excessive salaries, bonuses and the like.

I'm afraid Mervyn King must be to blame, too, for not putting up interest rates when he should have to stem the rises in home prices.

Yep, everyone was on the bandwagon it seems. Don't you think, though, that a lot of ungreedy people took on too big a mortgage because they were naive, encouraged to believe it was a normal, rational thing to do - the money being thrown at them - and it appeared the only way to get themselves what they deemed would be some security in their own home?

I think a fair few could quite justifiably claim they were missold.

Generali

moggylover wrote: »

Please could you name just one that has done ANYTHING remotely as bad as these people and who has gone unpunished in any way, shape or form?

One could equally say that the children of those being made redundant this time, or those that were made redundant 20 years ago never to find work again, or those whose parents businesses are being wrecked by the fall-out from the KNOWING activity of this filth did nothing wrong! However, they are not wealthy enough to avoid suffering: the dishonest and immoral sho*te that caused all this always knew that they would not loose anything by gambling with OUR money and always knew that they were doing wrong. Why should their children not suffer, but those of the less wealthy can? What makes their children so special? Money? The old boys network?

These men (and the woman) are guilty of downright reprehensible behaviour. If they had screwed up so badly in any other walk of life then they would have suffered for it: but they are vilely and disgustingly wealthy and thus they will probably evade the law.

Please do not ask my heart to bleed for them: I would put them against a wall and shoot them, repeatedly, in places that would hurt and bleed, but to ensure a long, very slow death! MY heart bleeds for all those innocent of anything but working hard to build a modest life for themselves and their families who will suffer for the actions of these and the other amoral and desperately corrupt scions of the financial World.

I seldom refer to anyone as scum and I seldom rant. However, these people are the deepest and darkest filth and are deserving of no sympathy or tolerance from any of us.

So you advocate capital punishment for being the child of a banker? That's pretty extreme.

Generali

bubblesmoney wrote: »

you have got your own yatch :eek:
why would you need a job if you own a yatch, is it something like this plus a few 'Bond girls' lazing aroung on the top deck:D

best of luck for the job search :beer:

It's not my yacht. It belongs to a mate of mine who's a prison warder, not a banker.

It's a 30ft Catamaran and we had a great time. Picked up at Gladesville marina. We put-putted up to Watson's Bay for fish and chips and then sailed up to Manly and back to Gladesville.

The older Generalissimo (aged 3) 'swam' for the first time.