Banking system on the verge of collapse

[david mcgee]

The inverted " Robin Hoods" who steel from the poor and give to the rich are keekin themselves, sorry for laughin my head off.

As someone once said, " a bank will lend you an umberella when the sun is shining and ask for it back when it starts raining".

Well this time they have seriously overstretched themselves in the pursuit of profit, they have bought indescriminately, enlarged at unsustainable levels, thrown money around like confetti and overpaid their chief execs. and speculators, who if truth be told would be outperformed by a simple tracker.

The sad thing is at the end of the day, shareholders and pension fund holders will be shafted so the usual suspects will escape with less damage than the ordinary man.

Its time everyone woke up to the biggest exploitation capitalism ever dreamed up. The parasites in the World banking system who have lined the pockets of the idle rich and routinely shafted the working man.

[Say What Again]

Ladies and Gentleman, I give you...... *drum roll*

 

mod delete

 

Come on, tell us how we're all at fault and the big misunderstood banks yadda, yadda:mw_rolleyes:

 

If ever a thread was going to tempt somebody in

[Drew Busby !]

Ach well, we'll survive here at Busby Towers.

 

The folk who won't survive all of this will be Brown and Darling. Joe Public won't be worrying too much about the greed of the bank/bankers, sub-prime, global financial meltdown etc etc come election time

 

In England at least they wil be too busy putting big "X's" against toff-boy Cameron.

 

Given the right combination of circumstances at the right time, and up against a Tory government, then an independence referendum could get decidely interesting by the end of this decade.

 

Yup, interesting times

[CompleteIdiot]

The inverted " Robin Hoods" who steel from the poor and give to the rich are keekin themselves, sorry for laughin my head off.

As someone once said, " a bank will lend you an umberella when the sun is shining and ask for it back when it starts raining".

Well this time they have seriously overstretched themselves in the pursuit of profit, they have bought indescriminately, enlarged at unsustainable levels, thrown money around like confetti and overpaid their chief execs. and speculators, who if truth be told would be outperformed by a simple tracker.

The sad thing is at the end of the day, shareholders and pension fund holders will be shafted so the usual suspects will escape with less damage than the ordinary man.

Its time everyone woke up to the biggest exploitation capitalism ever dreamed up. The parasites in the World banking system who have lined the pockets of the idle rich and routinely shafted the working man.

 

The title of this article should explain all you need to know:

 

http://www.reuters.com/article/businessNews/idUSN1743541720080317?feedType=RSS&feedName=businessNews&sp=true

 

You know the bankers can't be simultaneously 'keeking' themselves and be loving it. This is a process of consolidation where the superrich buy the investment banks for a song. It's engineered. The privately owned US Federal Reserve Bank has made it happen.

[CompleteIdiot]

Ach well, we'll survive here at Busby Towers.

 

The folk who won't survive all of this will be Brown and Darling. Joe Public won't be worrying too much about the greed of the bank/bankers, sub-prime, global financial meltdown etc etc come election time

 

In England at least they wil be too busy putting big "X's" against toff-boy Cameron.

 

Given the right combination of circumstances at the right time, and up against a Tory government, then an independence referendum could get decidely interesting by the end of this decade.

 

Yup, interesting times

 

How will you survive if you have no job and scarce income? When markets crash, almost everyone suffers. The economy of Edinburgh alone relies heavily on banking and insurance. All it takes is for big layoffs at these local institutions for the local service industry, that relies on their workers, to start collapsing.

 

There is nothing left in our economy to counter these problems. The Russians and Chinese have built up massive reserves. They can take a Keynesian approach and build roads to employ people during an economic downturn.

 

We have a nation of service industry staff that rely on money trickling down from banking and finance. We have no reserves. We make virtually nothing anymore. The UK is the leading foreign investor in the USA.

 

In short, we are overexposed to an American financial crisis and appear to have no way out.

[Geoff Kilpatrick]

I know I shouldn't post on HMFC in The Shed, but as Complete Idiot says, financial services is Edinburgh's biggest employer. A round of lay-offs will hit HMFC (and h**s) because there will be less disposable income on leisure (e.g. attending football) and therefore the club will see reduced revenue. Similarly, one of our owner's main businesses is a small bank. How he plans to expand that business in the midst of this is, like most things Vlad, unclear.

 

Those who say they won't be affected by the credit crunch are deluding themselves.

 

But hey. Alex Salmond will save Scotland and allow it to stand on its own two feet away from the mess!

[Guss]

The UK is the leading foreign investor in the USA.

 

I think you'll find China is now the leading investor in the US. If China decides to call back loans and investments to US banks, they are really in trouble.

[Jambo Martin]

The UK is the leading foreign investor in the USA.

 

I think you'll find China is now the leading investor in the US. If China decides to call back loans and investments to US banks' date=' they are really in trouble.[/quote']

 

China has over $1.33 trillion (?658bn) in foreign currency (mostly dollars)

If they switched from dollars to the Euro, America would be in trouble!