Derek Simpson, Marr now
Discussion
Ozzie Osmond said:
NoelWatson said:
Thought he got off to a good start, but then the bellend mentioned that the bankers caused the crisis. Why do they let these people on TV?
Are you suggesting the poor bankers were only doing what they were told? In much the same way the US government caused the leak in the Gulf by encouraging oil companies to drill there.If the bankers were doing what they were told and adding no value, how come they felt the need to pay themselves so much money for their cleverness? It just doesn't hang together.
IMO the governments, their regulators and the banks are all guilty. But at the end of the day it was the banks themselves who were daft enough to "do the deed".
http://www.youtube.com/watch?v=aCQREoAmsu0&fea...
heebeegeetee said:
NoelWatson said:
Ozzie Osmond said:
NoelWatson said:
Thought he got off to a good start, but then the bellend mentioned that the bankers caused the crisis. Why do they let these people on TV?
Are you suggesting the poor bankers were only doing what they were told? In much the same way the US government caused the leak in the Gulf by encouraging oil companies to drill there.If the bankers were doing what they were told and adding no value, how come they felt the need to pay themselves so much money for their cleverness? It just doesn't hang together.
IMO the governments, their regulators and the banks are all guilty. But at the end of the day it was the banks themselves who were daft enough to "do the deed".
http://www.youtube.com/watch?v=aCQREoAmsu0&fea...
I've been taking the mickey out of PHers who think the world began in 1997 but this is genuinely the first time i have seen this so clearly expressed.
The banks lent money to people who were not going to pay it back... serious money. Globally huge amounts of money. They're still encouraging fecklessness today, and you and i and the rest of us have to pay for it. Here's one tiny example: https://www.wonga.com/
heebeegeetee said:
The beginning? 1997 was the beginning? Since bloody when??!!
2nd of May in factheebeegeetee said:
I've been taking the mickey out of PHers who think the world began in 1997 but this is genuinely the first time i have seen this so clearly expressed.
That is wonderful to hearheebeegeetee said:
Here's one tiny example: https://www.wonga.com/
I thought we were talking about banks??heebeegeetee said:
They're still encouraging fecklessness today
I assume we are talking about central banks - and I agree with you. They held rates too low for too long and caused this unoprecedented bubble.heebeegeetee said:
There are scores of companys like Wonga. Who underwrites them all? Who underwrites the business model? I learned about Wonga last week when i watched somebody who has no money or regular income (and huge debts) borrow some money off them.
From their website"We're backed by major investors including Balderton Capital, Greylock Partners, Accel Partners and Dawn Capital"
Can you provide me with the further detail you have please so I can dig further
heebeegeetee said:
NoelWatson said:
heebeegeetee said:
There are scores of companys like Wonga. Who underwrites them all? Who underwrites the business model? I learned about Wonga last week when i watched somebody who has no money or regular income (and huge debts) borrow some money off them.
From their website"We're backed by major investors including Balderton Capital, Greylock Partners, Accel Partners and Dawn Capital"
Can you provide me with the further detail you have please so I can dig further
heebeegeetee said:
NoelWatson said:
heebeegeetee said:
NoelWatson said:
heebeegeetee said:
There are scores of companys like Wonga. Who underwrites them all? Who underwrites the business model? I learned about Wonga last week when i watched somebody who has no money or regular income (and huge debts) borrow some money off them.
From their website"We're backed by major investors including Balderton Capital, Greylock Partners, Accel Partners and Dawn Capital"
Can you provide me with the further detail you have please so I can dig further
Shall we agree on a title to give the financial institutions of the world?
Anyway - i remember the boom of the 1980's, which didn't last long before it all came crashing down. I clearly recall the values of classic cars, which i'm guessing have only recently returned or exceeded those levels.
What caused that, and what did it have to do with May 2nd 1997?
Gordon Brown became chancellor
heebeegeetee said:
NoelWatson said:
heebeegeetee said:
NoelWatson said:
heebeegeetee said:
NoelWatson said:
heebeegeetee said:
There are scores of companys like Wonga. Who underwrites them all? Who underwrites the business model? I learned about Wonga last week when i watched somebody who has no money or regular income (and huge debts) borrow some money off them.
From their website"We're backed by major investors including Balderton Capital, Greylock Partners, Accel Partners and Dawn Capital"
Can you provide me with the further detail you have please so I can dig further
Shall we agree on a title to give the financial institutions of the world?
Anyway - i remember the boom of the 1980's, which didn't last long before it all came crashing down. I clearly recall the values of classic cars, which i'm guessing have only recently returned or exceeded those levels.
What caused that, and what did it have to do with May 2nd 1997?
Gordon Brown became chancellor
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