Heads Up - Channel 4 - How the Banks bets your money.

[Deleted User]

Steve_xx wrote: »

How do you know this?

Bottom of this page.......

http://www.icesave.co.uk/about-icesave.html

It's good enough for me - not many banks can state this!:cool:

red_bertie

:mad: These programmes should come with a health warning! My blood pressure has rocketed . I am sitting here with a red fog afore me. I want to make a constructive, pertinent post, but the words 'weasels, greedy, selfish, self-interested sh**ts keep rolling around my brain .. and yet this programme only confirms what the majority of us suspected/already know.

:sad: and the most frustrating thing is we are unable to do anything to stop these toads; now, in the past or more importantly the future. These fatcats have made sure they are financially secure, whatever measures could or should be taken won't touch their money, just their egos maybe. The poor *ods left to pick up the pieces are merely viewed as part of the collateral damage.

RB

icefall

red_bertie wrote: »

:mad: These programmes should come with a health warning! My blood pressure has rocketed . I am sitting here with a red fog afore me. I want to make a constructive, pertinent post, but the words 'weasels, greedy, selfish, self-interested sh**ts keep rolling around my brain .. and yet this programme only confirms what the majority of us suspected/already know.

:sad: and the most frustrating thing is we are unable to do anything to stop these toads; now, in the past or more importantly the future. These fatcats have made sure they are financially secure, whatever measures could or should be taken won't touch their money, just their egos maybe. The poor *ods left to pick up the pieces are merely viewed as part of the collateral damage.

RB

have to agree, I feel like Stressed Eric right now:eek:

Sapphire

A lot of people have been talking about the way banks and financial institutions (and the 'government') have behaved over the last few years, i.e. without any controls, and serving only the personal financial interests of the people who have instigated the crisis. However, the situation has tended to be discussed on Internet forums rather than in the media, which has generally ramped up the crooked practices of financial institutions.

I've often tried to convince people that the UK economy was heading for disaster, for many of the reasons expressed in the programme. To me, it seemed pretty obvious for some time that the economy of this country was in deep trouble, and that the whole pyramid was going to collapse like a pack of cards. This quite sensible programme just confirmed my views.

I cannot believe that such a situation was allowed to develop - doesn't the 'government' have financial experts to advise it? Why didn't the FSA exercise controls over the immoral people who considered only their vested interests? (Perhaps it was because the leaders of the financial institutions and the 'government' all had a vested interested in keeping the scam going.)

How on earth are they going to get out of this very serious mess they have created, which could have a hugely detrimental effect on society (along with the other things that this useless regime has messed up)?

Tony Blair cleverly left the sinking ship at just the right time for him. When is the next general election? It's high time this useless bunch was thrown to the dogs.

[Deleted User]

red_bertie wrote: »

:mad: These programmes should come with a health warning! My blood pressure has rocketed . I am sitting here with a red fog afore me. I want to make a constructive, pertinent post, but the words 'weasels, greedy, selfish, self-interested sh**ts keep rolling around my brain .. and yet this programme only confirms what the majority of us suspected/already know.

:sad: and the most frustrating thing is we are unable to do anything to stop these toads; now, in the past or more importantly the future. These fatcats have made sure they are financially secure, whatever measures could or should be taken won't touch their money, just their egos maybe. The poor *ods left to pick up the pieces are merely viewed as part of the collateral damage.

RB

Ditto!:mad:

[Deleted User]

Sound familiar.........?!

http://www.ft.com/cms/s/0/66db756a-de5d-11dc-9de3-0000779fd2ac.html?nclick_check=1

TRUSt_NO_1_2

Damn, I missed this programme, as I have given up on TV, as most TV is 'dumb down' garbage.
I assume it was on about bankers making lots of money gambling depositors/investors money (not my overdraft I hope).Nothing new there then!

If you want to get really angry....read below and watch the recommended videos:

Most people think the Bank of England is a government institution.
Did they discuss that ?

To get a good understanding of the cenral banking system and it's agenda for the future,watch the videos on the Federal Reserve (a branch of the Bank of England) on Youtube.
Search on ZEITGEIST or click this link:
http://www.youtube.com/results?search_query=ZEITGEIST&search_type=

I would also recommend the 9/11 videos (which are linked to banking) and if you really get into those watch the video offered on the website by Richard Gage (it will definitely convince you !!!!!!!):

http://www.911blogger.com/node/10025

Steve_xx

Sapphire wrote: »

A lot of people have been talking about the way banks and financial institutions (and the 'government') have behaved over the last few years, i.e. without any controls, and serving only the personal financial interests of the people who have instigated the crisis. However, the situation has tended to be discussed on Internet forums rather than in the media, which has generally ramped up the crooked practices of financial institutions.

I've often tried to convince people that the UK economy was heading for disaster, for many of the reasons expressed in the programme. To me, it seemed pretty obvious for some time that the economy of this country was in deep trouble, and that the whole pyramid was going to collapse like a pack of cards. This quite sensible programme just confirmed my views.

I cannot believe that such a situation was allowed to develop - doesn't the 'government' have financial experts to advise it? Why didn't the FSA exercise controls over the immoral people who considered only their vested interests? (Perhaps it was because the leaders of the financial institutions and the 'government' all had a vested interested in keeping the scam going.)

How on earth are they going to get out of this very serious mess they have created, which could have a hugely detrimental effect on society (along with the other things that this useless regime has messed up)?

Tony Blair cleverly left the sinking ship at just the right time for him. When is the next general election? It's high time this useless bunch was thrown to the dogs.

I quite agree with you. The problem is, in part at least, due to these hooray Henry's in the city who earn vast amounts of cash for gambling with peoples hard earned monies. These greedy banker types have single-handedly almost ruined the economy by lending to very risky customers who cannot hope to pay off their debts because their pockets do not adequately support the lifestyles they have been encouraged to enjoy. Now it's payback time; the day of reckoning has arrived and over the coming weeks we'll all see only too clearly how reckless these banks have been in their lending criteria.

Also, we'll all have to pay for it. Mortgages and borrowing are all set to be more expensive as these greedy erroneous banks will have to recoup their huge losses by ramping up the costs to their borrowers. House prices will have to fall markedly for there to be a realistic correction in the house-price to earnings ratio.

These banks have, in my opinion, been largely responsible for driving UK house prices beyond the reach of joe public on an average income. To add insult to injury the banks have given loans to people on huge multiples of income, sometimes five or six times when it is accepted that it is not wise to stretch your budget beyond about two and a half times your earnings. Even worse, they have further exacerbated house prices by lending on an interest only basis without a care in the world about what or if the borrower has a suitable vehicle in place in order to pay off the initial capital sum owed.

The UK banks and lending institutions certainly do need tougher regulation in order to prevent them from being so reckless with other peoples’ monies. I cannot imagine for a minute that this government is not and was not well aware that something is chronically wrong in the UK economy. No doubt that it will suit them to blame the US on the crisis that is unfolding here. But at the end of the day it is impossible to believe that UK bankers did not know that they were fuelling this sub-prime loans crisis and that it would all end in tears.

nrsql

Didn't see the program but I wonder what people thought banks did with the money (and what money actually is)?

As to the previous post about banks driving up property prices - no one was forced to take out a mortgage. House buyer greed and dubious statistics probably had more to do with it.

purch

The banks have well and truly been betting our money

..........NEWS ALERT Ding Ding Ding !!!!!

Wow....I thought those guys got their bonus's by taking our money, and lending it on for 0.25% margin :rotfl: :rotfl: :rotfl:

Dumb Britain is alive and well !!!! :T