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I couldn't help but laugh whilst reading Gloomberg this morning. Seems the socialisation of risk is reaching its apex.

link

“The measures to stabilize the financial market, the easing of monetary policies and the economic-recovery plans will enable us to put a floor under the deterioration of the economy,” EU Monetary Affairs Commissioner Joaquin Almunia said in a statement.

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“What I’m doing today is putting in place a range of measures that are all designed to get lending going again,” Chancellor of the Exchequer Alistair Darling told Sky News.

Ah yes that.

“It looks to us as though this scheme, this insurance where you can put a floor under valuations, is very important,” said Angela Knight, chief executive of the British Bankers’ Association. “We favor this from the government.”

No S**t throw some of that money my way I will approve too!

And a corker from Crash Gordon himself.

RBS said today it may post a loss of as much as 28 billion pounds, the biggest ever reported by a U.K. company.

“I am angry at the Royal Bank of Scotland and what has happened,” Brown said at a press conference. It took “irresponsible risks” in investments in sub-prime mortgages in the U.S. and with its takeover of ABN Amro NV.

OH WELL AS 70% SHAREHOLDER I'M NOT SURPRISED YOUR PISSED YOU BIG TWONK!!!! :lol::lol::lol:

:(

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I guess we all need a few laughs in this time of financial turmoil…I was at my bank today; there was a short line. Just one lady in front of me…………An Asian lady who was trying to exchange yen for dollars. It was obvious she was a little irritated . . .

She asked the teller, 'Why it change? Yesterday, I get two hunat dolla fo yen. Today I only get hunat eighty? Why it change?'

The teller shrugged his shoulders and said, 'Fluctuations.'

The Asian lady says, 'Fluc you white people too!'

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I guess we all need a few laughs in this time of financial turmoil…I was at my bank today; there was a short line. Just one lady in front of me…………An Asian lady who was trying to exchange yen for dollars. It was obvious she was a little irritated . . .

She asked the teller, 'Why it change? Yesterday, I get two hunat dolla fo yen. Today I only get hunat eighty? Why it change?'

The teller shrugged his shoulders and said, 'Fluctuations.'

The Asian lady says, 'Fluc you white people too!'

Nice one !

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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