papatoony(Wednesday 26th of November 2008 09:24:10 PM)
How can the problem be addressed?? All that money is GONE. The damage was done when the loans were given out...what can possibly be done about it at this point?
MRMILO57(Monday 24th of November 2008 09:53:15 PM)
Anyone that has taking on a mortgage in the past number of years (and deep down new they could not afford it) are to blame for this mess just as much as the banks and the corperations!
I have no sympathy for either!
Why should us innocent tax payers bale your greed and stupidity.
mikeybrumbrum(Tuesday 30th of September 2008 05:12:37 AM)
AND.. isnt it the same as us, the peopel, since we are the ones who are payng this "bail out" fee, paying MORE for all our mortgages ??
Its a con, and ht epeopel who made the con, should be brought to justice !!!!
bacaca88(Saturday 25th of October 2008 09:42:06 AM)
Just get ur credit card out as normal. Stop worryin. Can always pay next month. Who needs cash? Get on the dole and enjoy life. Its what you all deserve in Uk for fucking the place up.
mikeybrumbrum(Tuesday 30th of September 2008 05:02:44 AM)
They lent LOTS of money so that house prices would increase dramaticaly.
Then, they sold people "EQUITY RELEASE", so that they could BUY half yur house off you. NOW, they say there is a crisis, so the house price will fall - SOON they will own your WHOLE house (or anyone who had equity release, anyway).
So, WHO is gonna bail me out of my "equity release" problems, which could lead to me losing the WHOLE of my house, to these bankers ??
NO oNE, thats who !
NOOOOOOOOOOOOOOOOO !!!
If this guy is correct, then watch e*trade (ETFC). See if its rally starts to roll over. It is one of the few banks he mentions by name in his posts, and though he doesn't say it directly, he obviously thinks its doomed.
First the earnings were terrible, but they did beat expectations, and for pps that's all that matters. In fact, the financials probably will continue to rally. The point he is making is that we are between storms and the next one is bigger and about to pick up momentum.
