Where's the bankers are wankers thread?

[6FeetOver]

Eh? Does not compute...

[Silver_Owl]

Eh? Does not compute...

It's very much an English thing.
And be glad you are not aware of this car crash of a woman.

[paint it black]

http://www.iomtoday.co.im/news/Day-of-p ... 4580653.jp

is this a Global idea

[markfiend]

Well that will help

[euphoria]

I am a freelancer and receive around 10 work orders per week normally (translations from all kinds of companies) and have this week received...zero. I'm just hoping there is a big element of panic reaction to this decrease, otherwise I'm more or less broke when the Sisters hit Europe. Well, not just me...

[eotunun]

The Frankfurt stock index, the DAX, lost almost 25% this week.
B-L-I-M-E-Y!
If you'd burn that amount of money physically, Frankfurt would look like Iraq in late 1991..

[Quiff Boy]

Eh? Does not compute...

It's very much an English thing.
And be glad you are not aware of this car crash of a woman.

aye

but in case you are terminally curious:

http://www.guardian.co.uk/theguide/colu ... 12,00.html
http://en.wikipedia.org/wiki/Kerry_Katona

[Syberberg]

The fall in the markets and lack of bank lending is now starting to have a knock-on effect:

http://www.nakedcapitalism.com/2008/10/ ... ue-to.html

If the info from the above article is even 50% accurate, this does not bode well (he said with customary understatement).

Related article (quoted in above blog post) in full.

We're going from clusterf*ck to FUBAR.

[darkparticle]

At least our ships aren't sinking

Chaos and disorder - my favourite states

[Francis]

These so called "dodgy loans" were used by many investors to make money. With individual freedom, its up to the individual to make their own successes and mistakes. Really, if you're going to borrow half a million (or more) dollars, read the fine print, get your calculator out, and do your homework, and don't just rely on what the person selling you the loan is telling you. Its that simple.

Yes, agreed, you can't blame anyone else for your not doing the maths. Point is, the wrecklesness of the banks is now affecting my well considered financial situation. And yours.

I'll see you on the dark side...

[nodubmanshouts]

And that is a very good point. So sensible people like us are now faced with a choice-

* stick to our principles, and have the housing market continue to be decline for several more years.

* unhinge our principles, and help them out; have the housing market recover quicker to ours and their benefit.

Personally, I go for the later, but people need to take responsibility for their actions, perhaps by a dramatic decrease in credit scoure at the very least.

[markfiend]

a dramatic decrease in credit scoure at the very least.

I think that lending will be much harder to come by for a long time now.

[nodubmanshouts]

Everyone's saying how hard it is to get loans now, but I just got a $20,000 loan for a new car with low interest and zero money down; I assume because I have a good credit score.

I think we're going to get a world divided by credit score -- those you have good ones, and those who don't, and those who don't will be the new "poor".

[DeWinter]

F*cking hell have I stumbled into the Daily Mail forums?

Wouldn't know, I'm a Telegraph man. Makes me Tory-inclined but without the Mail's obsession with gypsies and migrants.

[Francis]

Everyone's saying how hard it is to get loans now, but I just got a $20,000 loan for a new car with low interest and zero money down; I assume because I have a good credit score.

I think we're going to get a world divided by credit score -- those you have good ones, and those who don't, and those who don't will be the new "poor".

Perhaps. But we've just received a letter from LloydsTSB offering us a personal loan of upto £20k based on a joint account which has £1k dumped into it each month with about 30 quid left after various direct debits have been taken out. Seems they haven't learnt their lesson yet!!