=
×

Julian Cope presents Head Heritage

Head To Head
Log In
Register
U-Know! Forum »
The financial system - it's completely fucked, isn't it?
Log In to post a reply
31 messages
Topic View: Flat | Threaded
Moon Cat
9577 posts

Re: The financial system - it's completely fucked, isn't it?
Feb 16, 2009, 14:45
Great post Stray. Your idea of a credit bank is one me and me Dad were thrashing out over a pint a few weeks back. It's something the Government should have thought about instantly.

As a side line, the levels of sheer hubris and gall (still) on display in the financial sector is so audacious as to be almost admirable if it weren't from the fact it should make any half-decent individual vomit. Still trying to pander to the whims of shareholders, still they are 'what counts" after all that's happened. I was watching this woman from a banking association being interviewed regarding the bonus culture the other day and her defence was that a lot of banks had contractual obligations to pay these bonuses out and therefore it is right to continute to do so. Even the newsreader guy was struggling to keep a cool, objective head when she was chuntering on like this as he was referring to job losses, reposessions and poverty.

God knows but the obsession with growth over stability and that somehow the old idea of paying dividends is simply not enough anymore just seems to have a stranglehold on the whole industry.

I'm glad the Northern Rock lot failed in their bid to have their situation become a 'human rights' issue ffs!! Buying shares, ultimately it's a gamble, doesn't matter how well the economy is; it's a gamble. It's like putting all your money on the red and then trying to sue the casino when black comes up. Gah!
In reply to:
Re: The financial system - it's completely fucked, isn't it? (stray)		 Replies:
Re: The financial system - it's completely fucked, isn't it? (handofdave)
Re: The financial system - it's completely fucked, isn't it? (stray)
Topic Outline:
U-Know! Forum Index