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eric pebble

Very Interesting Article About Gillian Tett Of The Ft:

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Very interesting article about Gillian Tett of the FT: She predicted the crunch, and was chastised...

The City types "making money" HATED to be criticised.... And HATED someone pointing out the downside.....

http://www.guardian.co.uk/business/2008/oc...financial-times

I wonder if she ever saw the Money Programme on "Mortgage Madness" all that time ago now, way back in 2003/4....? [see below]...

Edited by eric pebble

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Lehman Analyst Told To Suppress Negative Research

Yes people simply don't like negativity.

Happy clappy la la land economics only please. It makes us money in the short term.

No one wants to listen to anyone speaking the truth and spoiling the party atmosphere the hangover can wait we are too busy making money.

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Guest UK Debt Slave
Lehman Analyst Told To Suppress Negative Research

Yes people simply don't like negativity.

Happy clappy la la land economics only please. It makes us money in the short term.

No one wants to listen to anyone speaking the truth and spoiling the party atmosphere the hangover can wait we are too busy making money.

They are way way too busy asset stripping the future prosperity of the people to come clean about what they are up to

Every paper dollar /pound/Euro profit these scumbags makes will come out of our pockets somewhere down the line

The people are so dumb, they placidly accept hedge fund managers making billion dollar salaries will come out of thin air, not from their savings, pensions, future prosperity etc etc.

That's the thing about Monopoly money Casino capitalism, these ratbags are sucking us dry, stealing our future and we do nothing. Tragic, but there you go.

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yeah but comeon, more importantly, how fit is she compared to Merryn Somerset Webb:

webb_free_49865t.jpg

vs

gillian-tett-uk-rog.jpg

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yeah but comeon, more importantly, how fit is she compared to Merryn Somerset Webb:

webb_free_49865t.jpg

vs

gillian-tett-uk-rog.jpg

The finance geek's ultimate threesome candidates I think .......

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Yup - but still interesting...

AND - WATCH THIS!!!!! IT'S PURE GOLD!

http://www.bbc.co.uk/iplayer/episode/b00ls..._Credit_Crunch/

Vince Cable is asked where the money has gone.

He answers by telling us that asset values have declined, and "that is where the money has gone".

Why can no-one state the truth that the money, lent into existence via mortgages, is still almost all out there somewhere in the banking system.

The interesting question is, in whose bank accounts?

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Thanks for this - what an excellent programme. Tett and Cable were very good, Mason not quite as good. Refreshing to have 35 minutes with three knowledgeable people being interviewed on the crisis. Usually, the BBCs efforts (Newsnight eg) end up with 8 people around a sofa exchanging soundbites. Would have been nice to have Roubini on there, otherwise 9/10.

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WTF?!

Take a look at 20 minutes in:

Peston - "well err, I have to be careful, I'm a BBC journalist. It's not my job to criticise politicians"

Just what is your job then?! :o

What a funny thing for him to say. People listening may form the opinion that the BBC is just the propaganda arm of nuLabour. So just saying it would smack of biting the hand that feeds him.

Can we expect to hear that Peston has a new job in the near future?

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Guest X-QUORK
What a funny thing for him to say. People listening may form the opinion that the BBC is just the propaganda arm of nuLabour. So just saying it would smack of biting the hand that feeds him.

Can we expect to hear that Peston has a new job in the near future?

I'm looking forward the Conservative government getting in, if nothing else it might shut up the "Auntie Pravda" ranting from the right.

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Wow... an programme that actually starts to talk about the big picture, and the causes.

Really good.

Would've liked someone to mention the falicy of Fractional Reserve Banking and inflationary monetary policy though. They only touched on it.

Most commentators still can't see the wood for the trees. At least on this programme, while they still aren't quite seeing the whole wood yet, they are no longer just looking at individual trees.

...unlike Gordon Brown below!

75giantsequoia.jpg

Edited by Khayl

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Guest X-QUORK
thats one big tree! is it real?

You've never heard of the Giant Redwood?

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Guest Daddy Bear
Vince Cable is asked where the money has gone.

He answers by telling us that asset values have declined, and "that is where the money has gone".

Why can no-one state the truth that the money, lent into existence via mortgages, is still almost all out there somewhere in the banking system.

The interesting question is, in whose bank accounts?

Why can no-one state the truth that the money, lent into existence via mortgages, is still out there somewhere in the banking system.

This my friend (and everyone else on this site) is all you need to know to understand why we are heading for a global currency collapse.

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Yup - but still interesting...

AND - WATCH THIS!!!!! IT'S PURE GOLD!

http://www.bbc.co.uk/iplayer/episode/b00ls..._Credit_Crunch/

What's Mason doing on there? He's nothing but a poorly connected, less well-educated Peston.

Even by his own admission, he didn't predict the crisis, nor believes it will last much longer.

Waste of space.

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Not so sure about GT - tett_gillian.gif Hope that isn't a recent one. MSW, tho...merrynwebb_100x110.jpg

still prefer the blonde...

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