Wednesday, September 17, 2008

Daft Tabloid Rant

DON’T LET THE SPIVS DESTROY BRITAIN

The "stupidity of spivs in high finance" is to blame they say. But naturally no mention of the cause of all this turmoil, a crashing housing bubble that THEY helped ramp up. Greed and stupidity got us here but not only the stupidity of the high and mighty Mr Daily Express Editor. Nearly everyone, and that is 90% of the country, bought into this house price Ponzi scheme.

Posted by mountain goat @ 01:48 PM (990 views)
Please complete the required fields.



9 thoughts on “Daft Tabloid Rant

  • charlie brooker says:

    I saw thi hedline this mornign and it made my blood boil.

    FOR THE HARD OF THINKING AT THE DAILY EXPRESS ; THE SPIVS HAVE ALREADY DONE IT,

    The Fed, the Bankers, the Quants Analysts, the Estate Agents, the BTLers, the Loan Liars, the flippers and of course the tabloids Property Porn stars like Kirstie Allsop and Co. and many more.

    The crisis we are now experienceing is a consequence of their handiwork over a decade not a few short sellers on a Tuesday afternoon.

    Reply
    Please complete the required fields.



  • Ban all former MPs and Ministers from holding Directorships of Financial Intitutions after leaving Office.

    Tony Blair is on a board of Directors of a Bank earning £500K each year since he stepped down from Office.

    Let them concentrate on running our country and not on which job they will get out of it when they leave.

    Reply
    Please complete the required fields.



  • The real speculators who have triggered the disaster aren’t the bankers but the homeowners who seemed to think that “trading up” with ever greater leaverage was a guaranteed road to riches.

    Reply
    Please complete the required fields.



  • Wells said Charlie brooker…

    You forgot the one group of parasites that could’ve, at least, reduced the mess. Politicians

    But I guess they were busy sucking the life blood out of britain and lining their own nests.

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    Exactly. But I’m one of the 10% who bailed out in time …

    Reply
    Please complete the required fields.



  • Well summed up both. But a lot of these people you cite will lose their jobs and livelihoods as this all unwinds. As in any ponzi scheme there are probably only a handful of real ‘winners’.
    Now what we need to do is identify the very few winners at the top of this ponzi scheme and subject them to a swingeing personal windfall tax (or prosecute). This though will be too hard for our politicians, it’ll be far easier to tax a few motorists.
    Society needs to see some sort of justice out of this. Otherwise we’ll see the same thing repeated again and again and again.

    Reply
    Please complete the required fields.



  • last_days_of_disco says:

    This is interesting, but “middle Britain” voted in Labour and they went along with this. They had the power in their hands to stop it at any time.

    Democracy is a wonderful thing, we voted for this disaster when we put NULabour in power. Its good people are waking up to their foolish British
    hubris of thinking we can be “first world” without a real economy to base it on but its a long road back. I do believe we can do it but we have to ditch
    so many of our wrong ideas of the previous decade, its going to be very very difficult.

    Reply
    Please complete the required fields.



  • All those listed above are guilty of one thing – focusing on short term gains without paying any attention to long term implications. Anyone who can make make a short term gain will, thats just human nature, but I think a political and regulatory system that allows it to happen to this extent needs to be changed. I don’t really blame people for buying houses cheaply, buying magnolia paint wholesale and making a few quid – that’s no different to setting up any other type of business. But financial regulators and political leaders who allow this mess to happen should be replaced. Gordon Brown is the best example of this – some people think that as Chancellor he gave Britain its most prosperous time. Uh… hello… As Chancellor he sold all our assets and made credit real cheap so people could buy plasma tellies and feel rich watching Jeremy Kyle. If you ask me, running a country is probably pretty tricky, so why do we have a system where people are allowed to do it without there being any kind of assessment of their ability or motivation for doing it. I also think that politicians should be paid a lot more (Not the ones we’ve got!!) so we attract high calibre people to the job. And they (next to footballers) are prime candidates for performance related pay.

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    Timmy T “Anyone who can make make a short term gain will, thats just human nature, but I think a political and regulatory system that allows it to happen to this extent needs to be changed”

    Exactly. Low interest rates and low inflation are Good Things – but the downside is, this leads to house price/credit bubbles. The best way to sort this out is Land Value Tax which keeps land prices low AND also enables a sensible gummint to reduce taxes on employment and profits.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>