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eric pebble

Ft Article That Explains Why The Banksters Are

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Many of us know that the banks are CR*PPING themselves - because they created the Greatest Pyramid Scam/BUBBLE in all history with their insane, totally ill-thought out property mania.....

They have pinned EVERYTHING - indeed, THEIR VERY SURVIVAL - on the supposed "ASSET" value of the VAST, VAST, VAST amounts of property they have lent out on..... [LIAR LOANS]......

This FT article brilliantly explains the nightmare situation these STUPID, IDIOTIC, THICK banksters find themselves in --- THE PAYOFF for their unbridled greed....

i.e. They are TEETERING on the very edge of the ABYSS.....

http://www.ft.com/cms/s/2/5ef2e4ca-6a37-11...0b5df10621.html

Edited by eric pebble

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Many of us know that the banks are CR*PPING themselves - because they created the Greatest Pyramid Scam/BUBBLE in all history with their insane, totally ill-thought out property mania.....

They have pinned EVERYTHING - indeed, THEIR VERY SURVIVAL - on the supposed "ASSET" value of the VAST, VAST, VAST amounts of property they have lent out on..... [LIAR LOANS]......

This FT article brilliantly explains the nightmare situation these STUPID, IDIOTIC, THICK banksters find themselves in --- THE PAYOFF for their unbridled greed....

i.e. They are TEETERING on the very edge of the ABYSS.....

http://www.ft.com/cms/s/2/5ef2e4ca-6a37-11...0b5df10621.html

The most irritating part of the report for me is:

"The banks realise there’s no point in selling at bottom of the market except in extreme cases,†Creamer said. “They got their fingers burned in the 90s, selling off loans … then the market came back strongly. This is near the bottom of the market so if they hold on prices will come back."

So we are bailing them out, keeping them afloat, whilst they hold onto assets so they can sell them at a better return later. This must be evident to all in power, yet the bail-outs (in one form or another) persist. This is a clear indication of how the 'establishment' are working at keeping house prices high.

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Clearly there remain large tranches of toxic debt still to be flushed from the banking system and this means the credit crunch remains far from over.

As Mark Twain said "Rumors of my death have been greatly exaggerated."

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This is a clear indication of how the 'establishment' are working at keeping house prices high.

Yup --- HENCE the pathetic articles/"news" items all over the media about how "we've reached the bottom, prices are rising again" BULLSH1T.....

ALL these articles/"news items" are systematically put into the media by PR [Public Relations] companies working on behalf of the Vested Interests..... They are lies of course, but, they know that if they keep saying it, the sheepies will believe them and plunge into the "market" - where prices are still absolutely ludicrous... That is the whole idea of course...

Trouble is, the average Jo/Jill doesn't realize this......

Depressing.

Edited by eric pebble

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The FT is the mouthpiece of the banking class. The only people who should be sh*tting themselves is you.

:D Run out of sh*t actually -- as have many of us, I reckon.

Just string them up -- that's what's needed......

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Guest UK Debt Slave
Many of us know that the banks are CR*PPING themselves - because they created the Greatest Pyramid Scam/BUBBLE in all history with their insane, totally ill-thought out property mania.....

They have pinned EVERYTHING - indeed, THEIR VERY SURVIVAL - on the supposed "ASSET" value of the VAST, VAST, VAST amounts of property they have lent out on..... [LIAR LOANS]......

This FT article brilliantly explains the nightmare situation these STUPID, IDIOTIC, THICK banksters find themselves in --- THE PAYOFF for their unbridled greed....

i.e. They are TEETERING on the very edge of the ABYSS.....

http://www.ft.com/cms/s/2/5ef2e4ca-6a37-11...0b5df10621.html

All planned at the highest level of the banking system.

What do they have to be so scared of? They created trillions out of thin air and lent it to morons who could never pay it back. They'll end up with all the asset wealth. It's a no lose situation for them.

It's the biggest heist in history. They knew exactly what they were doing. They are asset stripping the people. The fun hasn't even started yet.

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All planned at the highest level of the banking system.

What do they have to be so scared of? They created trillions out of thin air and lent it to morons who could never pay it back. They'll end up with all the asset wealth. It's a no lose situation for them.

you are assuming that people haven't figured out money is completely ficticious yet....the tenner in your pocket is a bit of paper.

that's it.

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Much of the debt is of the 2006-2007 “vintage,†when the property bubble was at its most inflated and lending terms at their most excessive, typically at 80-90% loan-to-value (LTV) ratios.

The trouble is that with more than half the debt maturing in the next three years, and new lending terms requiring LTV ratios of around 60%, there is not enough money in the system to refinance the loans. “You need around GBP 40bn annually,†JLL’s Osilaja said. “Even at the peak of the property market, that would be difficult to achieve.â€

Therefore, the banks are rolling over the debt, pushing back maturities in return for higher margins. However, this is creating a debt snowball that will come back to bite in a few years’ time, one property lending banker at a major foreign bank said. In recent weeks, the real estate private equity community has coined a new moniker to sum up the banks’ attitude: “Pretend and Extend.â€

“They’re pretending the underlying problem isn’t as great as it is and just pushing back maturities to create a bigger problem later,†the lending banker said. “There is a lot of fear about what’s going to happen in 2011-12.†Osilaja said: “It’s a case of ‘see no evil, hear no evil’.â€

Excellent this is clever banking.

So it all our banks will blow up during the Olympics, nice.

If we get that far.

I mean you really couldn't make this stuff up if you tried.

Corrupt stupid fooking idiots.

At least they can get there bonus for all this mess.

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So they can't lend because they can't raise capital by liquidating the property - they're going to wait till the market "recovers"

So what do they do in the mean time? they can't lend which driving prices down yet they are waiting till the recovery so they can raise capitial to lend.

It ain't gonna work is it......

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The most irritating part of the report for me is:

"The banks realise there’s no point in selling at bottom of the market except in extreme cases,†Creamer said. “They got their fingers burned in the 90s, selling off loans … then the market came back strongly. This is near the bottom of the market so if they hold on prices will come back."

So we are bailing them out, keeping them afloat, whilst they hold onto assets so they can sell them at a better return later. This must be evident to all in power, yet the bail-outs (in one form or another) persist. This is a clear indication of how the 'establishment' are working at keeping house prices high.

Yes, but this isn't the 90's. This time around I suspect the market won't come back strongly, so all the bankers are doing is holding onto the assets until they reach their absolute minimum value.

You have to remember that the crooked "creativity" of the banksters is due to their LACK of foresight - i.e. they're always having to think of new ruses to pull themselves out of the sh*t.

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The most irritating part of the report for me is:

"The banks realise there’s no point in selling at bottom of the market except in extreme cases,†Creamer said. “They got their fingers burned in the 90s, selling off loans … then the market came back strongly. This is near the bottom of the market so if they hold on prices will come back."

So we are bailing them out, keeping them afloat, whilst they hold onto assets so they can sell them at a better return later. This must be evident to all in power, yet the bail-outs (in one form or another) persist. This is a clear indication of how the 'establishment' are working at keeping house prices high.

"The market can stay irrational longer than you can stay solvent." - JMK

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"The market can stay irrational longer than you can stay solvent." - JMK

one of the few statements he made that was correct

the other one

* Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become 'profiteers,' who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

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Guest UK Debt Slave
I think the blackhole will suck them in.

Yeah. but we'll be sucked into oblivion first. Whooooopppeeeeefekknroodles.......... ;)

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Yeah. but we'll be sucked into oblivion first. Whooooopppeeeeefekknroodles.......... ;)

Hopefully we'll come out of other side and can organise a nice welcoming committee for our banker heroes.

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Guest UK Debt Slave
Hopefully we'll come out of other side and can organise a nice welcoming committee for our banker heroes.

What are we wasting our time for?

The pyres should have been built and primed age ago.

Who gonna go first? The bankers or the politcians?

Or us...... :(

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Guest spp

This is NO 90's recession!!

Those who play with fire will get burnt...unfortunately they are taking us with them.

We now have a huge work force in the East (China/India) to compete against...so show me where we will get the growth.

The West is drowning in a sea of debt!

:ph34r:

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Many of us know that the banks are CR*PPING themselves - because they created the Greatest Pyramid Scam/BUBBLE in all history with their insane, totally ill-thought out property mania.....

They have pinned EVERYTHING - indeed, THEIR VERY SURVIVAL - on the supposed "ASSET" value of the VAST, VAST, VAST amounts of property they have lent out on..... [LIAR LOANS]......

This FT article brilliantly explains the nightmare situation these STUPID, IDIOTIC, THICK banksters find themselves in --- THE PAYOFF for their unbridled greed....

i.e. They are TEETERING on the very edge of the ABYSS.....

http://www.ft.com/cms/s/2/5ef2e4ca-6a37-11...0b5df10621.html

Mostly commercial property. But no less a problem for the banks.

Happy reading for many, but the biggest losers of falling bank stock are probably employee pension schemes.

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So banks are reluctant to sell now because they think it is the bottom and prices will rebound soon if they just hold on. They sold in the trough in the 1990s and don't want to make the same mistake.

But has it not occurred to them that maybe the reason there was a recovery in the 1990s was actually because the banks were willing to let go of assets at reduced prices. If that's the case, then they are in a no win situation holding on to assets now.

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Guest KingCharles1st

Out of interest- IF the lenders do so many dirty deals- are there any guaranteed returns that go with the packages from source.

Do they ever sell packaged debt with guaranteed returns (now based on thin air and liar loans) that is sooo obviously NOT going to materialise- EVER...?

Because that truly would be a HUMUNGOUS DEBT MOUNTAIN

Edited by KingCharles1st

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