Menu

Home › Forums › Housing › Northern Rock follow-up

Viewing 15 posts - 1 through 15 (of 16 total)
1 2
  • Author
    Posts
  • January 21, 2008 at 4:07 PM #11585
    Ash Housewares
    Participant

    Remember a few months ago when one of the UK’s biggest banks, Northern Rock, experienced a run? Now, under the advice of Goldman Sachs, this failing business’s debt is being transformed into government backed bonds.

    http://news.bbc.co.uk/2/hi/business/7199574.stm

    Go capitalism!

    January 21, 2008 at 4:12 PM #140002
    davelj
    Participant

    Most well-to-do folks just love Adam Smith’s invisible hand right up until the time it flips them the middle finger. Then it’s, “Whaa whaa whaaaa… We need a bailout… Where’s my candy and cake from Uncle Sam!?!” As a capitalist myself, these whiny assholes make me want to puke.

    January 21, 2008 at 4:12 PM #140218
    davelj
    Participant

    Most well-to-do folks just love Adam Smith’s invisible hand right up until the time it flips them the middle finger. Then it’s, “Whaa whaa whaaaa… We need a bailout… Where’s my candy and cake from Uncle Sam!?!” As a capitalist myself, these whiny assholes make me want to puke.

    January 21, 2008 at 4:12 PM #140240
    davelj
    Participant

    Most well-to-do folks just love Adam Smith’s invisible hand right up until the time it flips them the middle finger. Then it’s, “Whaa whaa whaaaa… We need a bailout… Where’s my candy and cake from Uncle Sam!?!” As a capitalist myself, these whiny assholes make me want to puke.

    January 21, 2008 at 4:12 PM #140266
    davelj
    Participant

    Most well-to-do folks just love Adam Smith’s invisible hand right up until the time it flips them the middle finger. Then it’s, “Whaa whaa whaaaa… We need a bailout… Where’s my candy and cake from Uncle Sam!?!” As a capitalist myself, these whiny assholes make me want to puke.

    January 21, 2008 at 4:12 PM #140314
    davelj
    Participant

    Most well-to-do folks just love Adam Smith’s invisible hand right up until the time it flips them the middle finger. Then it’s, “Whaa whaa whaaaa… We need a bailout… Where’s my candy and cake from Uncle Sam!?!” As a capitalist myself, these whiny assholes make me want to puke.

    January 21, 2008 at 4:26 PM #140007
    patientlywaiting
    Participant

    Not a bad deal for US consumers who got the subprime mortgages to piss away on cars or whatever. The British taxpayers are now shouldering the cost of the bailout.

    Will the foreigners be more careful to lend to America in the future?

    January 21, 2008 at 4:26 PM #140223
    patientlywaiting
    Participant

    Not a bad deal for US consumers who got the subprime mortgages to piss away on cars or whatever. The British taxpayers are now shouldering the cost of the bailout.

    Will the foreigners be more careful to lend to America in the future?

    January 21, 2008 at 4:26 PM #140245
    patientlywaiting
    Participant

    Not a bad deal for US consumers who got the subprime mortgages to piss away on cars or whatever. The British taxpayers are now shouldering the cost of the bailout.

    Will the foreigners be more careful to lend to America in the future?

    January 21, 2008 at 4:26 PM #140271
    patientlywaiting
    Participant

    Not a bad deal for US consumers who got the subprime mortgages to piss away on cars or whatever. The British taxpayers are now shouldering the cost of the bailout.

    Will the foreigners be more careful to lend to America in the future?

    January 21, 2008 at 4:26 PM #140319
    patientlywaiting
    Participant

    Not a bad deal for US consumers who got the subprime mortgages to piss away on cars or whatever. The British taxpayers are now shouldering the cost of the bailout.

    Will the foreigners be more careful to lend to America in the future?

    January 21, 2008 at 7:43 PM #140197
    bonfire
    Participant

    Wouldn’t be too surprised to see the same thing on this side of the pond with regards to Citibank, BOA and friends. It seems the rest of the world doesn’t think all of us trundling our $800 bucks to WalMart is really going to fix the American economy, either. Wish I knew what the answer was.

    January 21, 2008 at 7:43 PM #140414
    bonfire
    Participant

    Wouldn’t be too surprised to see the same thing on this side of the pond with regards to Citibank, BOA and friends. It seems the rest of the world doesn’t think all of us trundling our $800 bucks to WalMart is really going to fix the American economy, either. Wish I knew what the answer was.

    January 21, 2008 at 7:43 PM #140435
    bonfire
    Participant

    Wouldn’t be too surprised to see the same thing on this side of the pond with regards to Citibank, BOA and friends. It seems the rest of the world doesn’t think all of us trundling our $800 bucks to WalMart is really going to fix the American economy, either. Wish I knew what the answer was.

    January 21, 2008 at 7:43 PM #140463
    bonfire
    Participant

    Wouldn’t be too surprised to see the same thing on this side of the pond with regards to Citibank, BOA and friends. It seems the rest of the world doesn’t think all of us trundling our $800 bucks to WalMart is really going to fix the American economy, either. Wish I knew what the answer was.

  • Author
    Posts
Viewing 15 posts - 1 through 15 (of 16 total)
1 2
  • You must be logged in to reply to this topic.