Thursday, Oct 18, 2007
Oh my God!
Mail: Chancellor's warning to homeowners as IMF predicts devastating crash
"In an exclusive interview with the Daily Mail, Alistair Darling said banks and building societies must be more responsible with their lending." Ah aha ahaha hahhah ahaha ahahhah a hhhha hahahah ahhhh ahahhh hahhhah ahhhhhha... ahah ahhahh ahhahah. And look at the reader comments
Posted by confused76 @ 11:17 AM (1921 views) Add Comment
28 Comments
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1. Yorkshireman said...
The peasants are revolting. I can sense the panic setting in, even before a headline appears in the Sun.
2. Onyerhike said...
Quote of the day:
"Gosh! He's quick isn't he? I bet he is really proud of the NVQ in accounting he got from night school at his local technical college. This gormless prat is the chancellor? God help us!"
- Andy King, Birmingham England
I think implying that he HAS an NVQ in accounting is an insult to all those who have one !
3. Dave The Box said...
Unbelievable!
New Liebor were happy enough for this "irresponsible lending" when it was keeping the econmy booming and house prices rising. They're as much to blame as those "bad" banks and building societies.
How quickly they change their minds when it suits them.
4. Should Of Banked It said...
Looks like Joe Public, got the government all worked out...going by them comments.
The chancellor is apparently an extremely clever man, so why has he bocome Browns bitch? Why would he agree to manage Browns failing finances?
It's like...taking the reins of the Englands managers job, after Russia beats Isreal. No fool would be willing to do that, remember footballers aren't known for their acedemic skills.
Mail Readers 59 Darling 0
5. Icarus said...
"Don't spend so much time looking in the rear-view mirror when you're driving, darling".
6. voiceofreason said...
BTW, breakfast TV this morning reckoned that England not qualifying for Euro 2008 could cost the economy £1.5Bn in lost sales of stuff.
A friend of mine who runs a promotional products company agrees !
7. mrmickey said...
This is the inherent weakness of democracy, as the character of society declines so does that of it's politicians, you then end up with a bunch of social misfits running the country with no experience of real life and couldn't even run a whelk stall between them. But what options are you left with but to vote for another bunch of social misfits who will do the same.
8. su said...
Mrmickey. "This is the inherent weakness of democracy, as the character of society declines so does that of it's politicians"
I so agree with you! But it also works the other way round too. So it becomes a vicious circle. Historically it has taken a major Christian revival to overturn such a decline.
9. Albertini Albertino said...
Um... doesn't stopping banks from lending 'stupidly' leave all the people that have already borrowed 'stupidly' stuck on their 'now-no-longer-quite-so-stupid' lender's SVR?
That sounds painful.
10. cornishman said...
Do you think that the BBC (Evan Davis last night) and the government would be saying such things if there was an election coming soon? Gordon Brown has shot himself in the foot. He kept the ball in the air for so long to clear the decks for an autumn election - but now he wants HPC 'over' as quickly as possible. He can blame it on 'world events'. He's living in cloud cuckoo land if he thinks it will be all over in 2 years.
11. Mda said...
Unfortunately we now have to wait XX amount of years for it to correct as all the same people who had an interest in keeping the prices up do everything they can to slow down the HPC... the fact that everyone on HPC will be right but will be explained away by everyone else as market trends....
12. Bertywooster said...
I use to cringe when I heard GB claim that he had abolished boom and bust. Markets are by their very nature always in a state of flux, inter-related and establishing new equilibriums at any moment in time. It is first year economics. I do not take any pleasure in the misfortune that many households will face in the near future but the housing market is over due for a market correction. The over supply of money has driven the boom in the housing sector and the blame for this can be laid at the door of New Labour. Government expenditure is not investment, it is consumption. Moreover its funding through taxation and borrowing has crowded out real investment in the economy. Now it's time to pay the bill although those Westminster have their snouts in the trough and it's us who will pick up the bill.
GB knew the chickens were coming home to roost and that is why he was tempted to "go for it" this year.
13. Koala Bear said...
Check out those comments! The sheeple are well and truly rebelling. Who would have expected such vitriol from Mail readers during these early days of the crash.
14. sold 2 rent 1 said...
"Historically it has taken a major Christian revival to overturn such a decline"
Cue: David Icke
15. sold 2 rent 1 said...
"He's living in cloud cuckoo land if he thinks it will be all over in 2 years"
Agreed.
2010 is when we slip from a recession to a depression.
16. Djc said...
"Historically it has taken a major Christian revival to overturn such a decline"
Oh great, just what we need. Quick! Burn the heathens!
17. inbreda said...
"Historically it has taken a major Christian revival to overturn such a decline"
Well then, here's hoping the credit bubble and unaffordable housing last forever. The last thing I'd want is a bunch of deluded christian retards burning witches, or will it be muslims, at the stake again and insisting teh world is flat and evolution doesn't exist.
18. su said...
And I love you too, Inbreda. ;-)
Actually Christian revival is all letting God work in our lives, not about mis-using religion to gain political power.
Try looking up John Wesley in Wiki and you'll see that the revival he was involved in inspired people to get involved in many social justice issues such as prison reform and the abolition of slavery.
19. mrmickey said...
inbreda all ideologies can be dangerous not just religion, the biggest mass murderers of history were not religious, Hitler, Stalin, Pol Pot, Mao even our own leaders are partial to a bit of murder if it furthers their own ideology.
20. confused76 said...
one reader wrote about the govt:
"Well it was nevitable wasnt it, not content with destroying our pensions and our investments and encouraging debt in order to fuel their useless public sector spending they now want to ruin the only thing left which can earn money, our property!"
ah ahah ahhha hhha ahha ah ahahh ahahh ahhah ah hahhh ahhahhha hahhahahh haahahhahah
property can earn money!!! ah aha hahha hahha hahhahha ha h
21. p. doff said...
Don't think I've seen much religion on this site before, as it stretches the HPC theme a bit.
Well heres my sixpennyworth :-
The world is full of religious zealots who believe that theirs is the only true faith - so it follows that quite a lot of them must have it wrong!! Religious fanatics are the most intolerent of other religions I guess (some of them really make me feel uneasy).
Many battles have been fought where opposing armies believed they had God on their side - I suppose 50% of them must have been wrong!!
IMHO there ain't no white bearded old gent sat up in the sky waiting for judgement day, and the whole thing is a myth put about in the early days to control the masses and give power to the few. No, as Barry White said -- 'There ain't no afterlife - when you're gone you're gone'.
That said, if some people feel the need to believe, that's OK by me - you are as entitled to your view as I am to mine. Just don't hand me your propaganda pamphlets in the street, or call round at my house peddling your misguided 'message'. I don't wish to sound smug, but I am quite happy with my own (non) beliefs and I don't need the 10 commandments to know right from wrong.
Back on topic, The office is noticeably quieter - valuation instructions are down. Several local agents are telling me they are having to 'work' to get the sales through. There are still plenty of sales in all price ranges, both BTL and owner occupation, but It does look as though the tide is starting to turn. This could be a temporary blip (we have had quiet periods before), but I'll keep you posted if the trend continues.
TTFN
22. Jimmy_joe said...
I believe that I am acting in accordance with the will of the Almighty Creator: by defending myself against the Jew, I am fighting for the work of the Lord
Adolph Hitler, Mein Kampf
23. Sherlockhomes said...
Don't think I've seen much religion on this site before, as it stretches the HPC theme a bit.
dont worry p.doff,...there are many rooms in my fathers house.
24. su said...
p.doff. IMHO God is more interested in who is on his side, rather than picking whose side he'll take in each and every war. ;-)
Re: property movements. My observations in Scotland pretty much agree with your experiences down south (or wherever you are). Fewer 4 bed houses coming on the market and EAs have started sending me 3 bed brochures to look at!
25. Landedgentry said...
Has there ever been a correction in an 'orderly manner'?
26. Landedgentry said...
Does one go bankrupt in an 'orderly manner'?
27. denzil said...
>>Does one go bankrupt in an 'orderly manner'?
Yes, in the best of British we stand and queue. I say old chap, back of the queue, whato.
28. autopilotengage said...
Quality banter folks, we should put on "HPC the play" in 2020 when this is all over!
Seriously though (not); I imagine Crash Gordon and Alistair Darling having a relationship very much like General Melchett and Captain Darling in "Blackadder goes forth".
[Darling] "Why didn't you tell me rather than there being no more boom and bust you stiched me up with the biggest bust of them all?"
[Brown] "We have to have some secrets, don't we Darling".
Then we could have baldricks war poem, "the german guns", adapted like this : "boom boom boom, boom boom boom, boom boom boom" [Gordon trys to finish "boom boom boom?"] baldrick replies "no, bust sir".
etc.
Seriously though (honestly), Alistair does seem to want to get the crash over and done with.