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Re: Will
Posted by 'WillDendy87' on 02 Feb 2009 @ 12:48

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WillDendy87Joined: April 2004
Total Posts: 1
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Another point to add Ian, it is NOT the bankers fault for this total mess for 2/3 reasons.

1. The monetary system ALLOWS and encourages this sort of thing to happen.

2. It was actively encouraged by governments all around the world, to prop up fake GDP figures by increasing the velocity of money and the paper values of all assets!

Which as we know meant people went out and spent that money in the forms of loans against their houses, which made the GDP look EVEN HIGHER.

The government assisted them by making the interest rate ridiculously low and even setting up institutions (such as fannie mae and freddie mac in the US) to buy mortgage securities from these banks!!!

3. If you give an alcoholic a barrel of beer and leave him in a room for a day, what state will he be in when you get back?

Message Thread:

ITPRO by 'WillDendy87' (31 Jan 2009 @ 15:22)

Re: ITPRO by 'itpro' (31 Jan 2009 @ 16:25)

Re: ITPRO by 'DavyBoy' (31 Jan 2009 @ 17:01)

Re: ITPRO by 'itpro' (31 Jan 2009 @ 17:14)

Re: ITPRO by 'DavyBoy' (31 Jan 2009 @ 21:31)

Re: ITPRO by 'SimonS' (01 Feb 2009 @ 10:30)

Re: ITPRO by 'itpro' (01 Feb 2009 @ 17:53)

Re: ITPRO by 'RoadRat' (01 Feb 2009 @ 19:28)

Re: ITPRO by 'KevinW' (02 Feb 2009 @ 9:49)

Re: ITPRO by 'itpro' (02 Feb 2009 @ 11:11)

Re: ITPRO by 'WillDendy87' (31 Jan 2009 @ 20:17)

Re: ITPRO by 'RichyC' (31 Jan 2009 @ 20:42)

Will by 'itpro' (01 Feb 2009 @ 17:55)

Re: Will by 'WillDendy87' (01 Feb 2009 @ 19:40)

Re: Will by 'itpro' (02 Feb 2009 @ 11:29)

Re: Will by 'WillDendy87' (02 Feb 2009 @ 12:32)

Re: Will by 'WillDendy87' << You are here!

Re: Will by 'itpro' (02 Feb 2009 @ 13:32)

Re: Will by 'WillDendy87' (02 Feb 2009 @ 14:05)

Re: Will by 'itpro' (02 Feb 2009 @ 15:52)

Re: Will by 'WillDendy87' (02 Feb 2009 @ 17:21)

Re: Will by 'WillDendy87' (03 Feb 2009 @ 14:17)

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