Recession created by banks, ends with you?

[owner20071963]

How do You Feel?
World economy is drastically fallen,
Millions of jobs are being lost,
First the Big Boom,
Banks Gaveaway Money if Your Employed,
Earn 50,000 a year?
They gave you 350,000
NOW ITS OVER,
Go to your bank ask for a Loan?
They want more securitys,
Why?
Simple,
The World Bank,
Gives and Takes,
Who? You May Ask?
The same Bank that Took the Gold Off of the Us Dollar,
I'm in the Rescue Service with a Safe Job,
Like the Army,
We look Safe,
Are You????
Idiots In suits with No brains,Banking,Transferring Money Funds
Created this Mess,
Those in Banking who Created World Recession?
are as Guilty As A Bank Robber,
And should be treated as so,
Is Your Job Safe?
Who Do You Blame?
Who Or What Is [The World Bank]???
Secret Bank Loaning Money to Countrys???
Powerful enough to create a 9//11?
Have no doubt Money is Power,
Power is in the Hands of those,
who give Governments Loans,
They decide,
Where will it End?
You decide,
RECESSION CREATED BY BANKS,ENDS WITH YOU:salute:

[bookworm_020]

IT just depends on how much of a deposit you have and how much you borrow. Too many people borrowed too much and banks gave people money they couldn't afford to repay. The the couple of loans that I've had, I've had a reasonable deposit, borrowed an amount I could afford to repay (it was tought the first year or two, but it got easier after that) and paid off extra when I could.:up:

[Digital_Trucker]

The recession,
couldn't have happened,
without,
our (peoples) participation.
So,
really,
it's not,
all,
the banks,
fault.
Lots of different,
things,
went,
into the recession.
Personally,
I think the way,
out of,
the recession,
is to invest,
in the comma:yeah:

[Tchocky]

Make the pie higher!
Make the pie higher!

[Oberon]

http://img168.imageshack.us/img168/6708/therevolution.jpg

[Skybird]

Money, get away.
Get a good job with good pay and youre okay.
Money, its a gas.
Grab that cash with both hands and make a stash.
New car, caviar, four star daydream,
Think Ill buy me a football team.

Money, get back.
Im all right jack keep your hands off of my stack.
Money, its a hit.
Dont give me that do goody good bull****.
Im in the high-fidelity first class traveling set
And I think I need a lear jet.

Money, its a crime.
Share it fairly but dont take a slice of my pie.
Money, so they say
Is the root of all evil today.
But if you ask for a raise its no surprise that theyre
Giving none away.



Pink Floyd

[FIREWALL]

Just heard on the news a few minutes ago, the head of Freddie Mac bit the bullet, Literally.

[Frame57]

Hmmmm! One shot-one kill....

[AVGWarhawk]

Just heard on the news a few minutes ago, the head of Freddie Mac bit the bullet, Literally.


I think there is a whole lot more going on at FM and Fanny Mae. One would think an indepth investigation would take place after what has happened at these two institutions. What would drive this man to hang himself? Something he knows perhaps that has or had happened at FM?

[FIREWALL]

It figures he'd take the cowards way out. :nope::down:

[Jimbuna]

Never fear, those of you in the UK....the Chancellor has just announced his budget proposals today and yes, your right, those still with a job are about to be hit with more taxation :nope:

[UnderseaLcpl]

Why are there no poems,
I was going to suggest,
this thread use haiku.

[jumpy]

All I can now say is that at the end of 2008 I was debt free and doing ok for me and mine in a modest way. Thanks to the recession in the UK and the lack of decent employment in the months since the beginning of this year, I now owe my credit card £350.00 for essential goods and daily expenses.
In less than 2 months time I will have to take the car off the road, cancel my insurance and declare the vehicle SORN (statutory off road notification), thus further reducing my opportunities for work/travelling to interviews etc.

This does not take account of the cost of rent and other bills required to live as she has been paying for all of that.

Not only has this extra financial pressure put a strain on our relationship, but it has put our plans for the future on hold, indefinitely.

Add to all of that, the trip I was planning to take walking hadrian's wall from coast to coast, for which I have been training and preparing for for almost a year, is now not possible for me financially. My friends are still going as they are ok for money... one has an income that is not affected by all of this economic rubbish and the other is on long term mental health disability and will have help from his parents also.


There are no jobs at my jobcentre and I'm not entitled to any state help (as I have explained before), so spending my time at the jobcentre talking to someone who does not care if I live or die, is a very frustrating experience to say the least.

No matter what is in the new budget, I doubt very much if it will be anything but detrimental to myself and many others... but it will be business as usual for greedy, lying second rate labour politicians who continue to waste public money on ID cards, anti terrorism legislation, green taxation, pay per view porn, second home entitlements, ministerial expenses and much much more.

One elderly chap I was talking to the other day said 'Well, it's business as usual; Labour **** up the economy and leave it to the Conservatives to repair the whole sorry mess and take the flak for having to make unpopular decisions in order to get the economy running again.'
Looking back on things, I'm starting to come around to that way of thinking, myself.

I know the banks and other businesses had a hand in making the current situation, both here and abroad, but the government of the last 12 years has more than its fair share of culpability.

So I say, or rather, shout loudly:
"Gordon, why don't you and your bunch of corrupt and inept, gravy-train hogging, self serving tommy-tankers just **** off out of it and leave the citizens of the United Kingdom of Great Britain be?"

/rant

So, yes, if by saying recession is created by banks (and others.. see above) and ends with me, or rather more succinctly '**** always runs downhill' then yes I totally agree with the sentiment that we (that is, she and I) are suffering the consequences of somebody else's cock-up; something we had no responsibility for and no say in from the very outset.

[August]

Just heard on the news a few minutes ago, the head of Freddie Mac bit the bullet, Literally.

Actually I think they found him hanged.

[FIREWALL]

Actually I think they found him hanged.


It was already brought to my attention the next post.

AVGWarhawkQuote:
Originally Posted by FIREWALL http://www.subsim.com/radioroom/images_acpb/buttons/viewpost.gif (http://www.subsim.com/radioroom/showthread.php?p=1088644#post1088644)
Just heard on the news a few minutes ago, the head of Freddie Mac bit the bullet, Literally.


I think there is a whole lot more going on at FM and Fanny Mae. One would think an indepth investigation would take place after what has happened at these two institutions. What would drive this man to hang himself? Something he knows perhaps that has or had happened at FM? 04-22-2009 08:41 AM




But "Thank You " for always reading my posts.

[August]

It was already brought to my attention the next post.

AVGWarhawkQuote:
Originally Posted by FIREWALL http://www.subsim.com/radioroom/images_acpb/buttons/viewpost.gif (http://www.subsim.com/radioroom/showthread.php?p=1088644#post1088644)
Just heard on the news a few minutes ago, the head of Freddie Mac bit the bullet, Literally.


I think there is a whole lot more going on at FM and Fanny Mae. One would think an indepth investigation would take place after what has happened at these two institutions. What would drive this man to hang himself? Something he knows perhaps that has or had happened at FM? 04-22-2009 08:41 AM




But "Thank You " for always reading my posts.



You're welcome!

[Rockin Robbins]

Actually, recession caused by you ends with the banks*. When you received five credit card offers, did you have to say yes? When you paid the bill on those credit cards, did you have to pay no more than the minimum? When you lied about that second home you bought as a get rich quick investment, telling the bank you lived in it ("liar's mortgage" there's millions of them) did you realize what you were creating? When you bought a house where the payment was WAY more than a quarter of your income, did you actually think you were going to get away with it? How many cars can you drive at one time? How many do you own? Do you have an eight month emergency fund in the bank? Why did you think you didn't need it?

The average American spent $1.03 for every dollar they made over the past three years. That means that half of them spent more than that. That means some of them spent MUCH MORE than that. Which group are you in?

Can you still say the banks caused your problems? Smart people have been planning for this for the past 10 years. The rest of us are in a panic and looking for someone else to blame. Like the banks.

I don't care if you are OK right now or not OK, you will live though this. Remember. And do things differently if you have to. You won't have as much bling. But you'll be a lot happier, worry less and be truly prosperous rather than apparently prosperous. Consider the losses as the legitimate cost of education. Make sure they're an investment that pays you the rest of your life. We should be worth much more than the stuff we possess.

*This is the generic you, not referring to any specific person, living, dead or otherwise. But if the shoe fits, feel free to try it on!http://i196.photobucket.com/albums/aa293/RockinRobbins13/smileys/banana2.gif

[owner20071963]

Actually, recession caused by you ends with the banks. When you received five credit card offers, did you have to say yes? When you paid the bill on those credit cards, did you have to pay no more than the minimum? When you lied about that second home you bought as a get rich quick investment, telling the bank you lived in it ("liar's mortgage" there's millions of them) did you realize what you were creating? When you bought a house where the payment was WAY more than a quarter of your income, did you actually think you were going to get away with it? How many cars can you drive at one time? How many do you own? Do you have an eight month emergency fund in the bank? Why did you think you didn't need it?

The average American spent $1.03 for every dollar they made over the past three years. That means that half of them spent more than that. That means some of them spent MUCH MORE than that. Which group are you in?

Can you still say the banks caused your problems? Smart people have been planning for this for the past 10 years. The rest of us are in a panic and looking for someone else to blame. Like the banks.


Banks are banks,
but 1 Bank holds the Key?
Does this Bank want to End Or Make Recession Worse?
Same way it Created WW1 and WW2?
As above Smart People learned How to Take Your Money,
Simple,
The main Bank Gave it Away 5 yrs ago,
Now they Decide they want it back,
How Can You Repay Without A Job?
No blame,
Because that is what the Bank wants,
Us to Blame Each Other,
We are talking Billions Here,
So did the Roman Empire,
Simple,
The Bank sees Too Many People in the World,
Worldwide Population Control is what they want,
worth more than money.
eg If Killer Bees Overpopulate? Destroy them,

Contrary to what you believe,

Its been like this for Years gone by,

Lets Hope Our Children Make,

And Create World Peace,

For All Of Us :salute:

[SUBMAN1]

....Powerful enough to create a 9//11?....

Biggest bunch of horse sh*t the west side of the Mississippi right there. I'm sick of the conspiracy theories around 9/11, etc.

-S

[owner20071963]

Biggest bunch of horse sh*t the west side of the Mississippi right there. I'm sick of the conspiracy theories around 9/11, etc.

-S

True the truth is Very hard to believe,
Someday it will Surface,We Hope.

[jumpy]

Conspiracy theories aside, I have to disagree with most of what Rockin Robbins has to say. I see where he's coming from though, but it just doesn't fit with where I am now.

When you received five credit card offers, did you have to say yes? When you paid the bill on those credit cards, did you have to pay no more than the minimum?
I have one credit card and until recently it was always paid off within 30 days (it was the purchase insurance for online goods/fraud I made use of).

When you lied about that second home you bought as a get rich quick investment, telling the bank you lived in it ("liar's mortgage" there's millions of them) did you realize what you were creating? When you bought a house where the payment was WAY more than a quarter of your income, did you actually think you were going to get away with it? How many cars can you drive at one time? How many do you own? Do you have an eight month emergency fund in the bank? Why did you think you didn't need it?
We can only just afford to rent here in the UK, the idea of a mortgage is way beyond what we could afford long term. Simply put, our combined income would not amount to enough for a bank to even give us a mortgage, so we have not even considered the possibility of becoming home-owners.
We have 2 cars; mainly because we don't go to work at the same place and if one of us were to rely on public transport then we'd loose our job very quickly for never getting to work on time.
It has been ages since we had any secure savings, daily living just costs too much; we don't buy the expensive stuff, or have a lavish lifestyle, we get by and pay our bills and taxes each month. Playing at a battery for the economy is not what I'd call living. Just existing, being, with no ambition or hope for enjoying what little time most of us have on this earth. It's not what the fraudulent bankers and crooked politicians all do: they enjoy what they have to its fullest extent and when that runs out they expect generous handouts and incentives and bailout packages and voted behind closed doors pay-rises, using our damn money - yours and mine, so they can continue to do what they do best, which is looking after themselves at the expense of everyone else. People could be forgiven for following their lead as the example is that honesty doesn't pay one iota.

The average American spent $1.03 for every dollar they made over the past three years. That means that half of them spent more than that. That means some of them spent MUCH MORE than that. Which group are you in?
Perhaps you could say the same for the average brit too. But you missed out those like myself who never spent more than they earned, and what I did spend I worked hard for... though most of it went in cost of living expenses and taxes.

Can you still say the banks caused your problems? Smart people have been planning for this for the past 10 years. The rest of us are in a panic and looking for someone else to blame. Like the banks.
Damn right I can, banks and our foolish politicians. We had been planning for the future with what little we had, whilst living within our means. Yet why is it that there is no work for me here? Because of our recession we spent all of what we had to keep a roof over our heads and now it's got to the point where I've had to use the evil plastic card because there's things than need paying for now, like bills and taxes... with any luck I'll be able to pay off that debt before things get any worse... If I can find another job than is.
I'll wager a guess that those same 'smart people' are bankers and politicians :rolleyes:

I don't care if you are OK right now or not OK, you will live though this. Remember. And do things differently if you have to. You won't have as much bling. But you'll be a lot happier, worry less and be truly prosperous rather than apparently prosperous. Consider the losses as the legitimate cost of education. Make sure they're an investment that pays you the rest of your life. We should be worth much more than the stuff we possess.

What could we have done differently? We worked hard, saved what we could afford to. Now our savings are all gone because of something we had no control over and no say in.
I know you're only generalising to make a point overall, but your last paragraph really got up my nose - sanctimonious apologist bull****.
I'm not having a go, and I don't want to start a handbag war in this thread, but I can liken your comments to the same attitude I get from staff at my local jobcentre. It's of no help or consequence whatsoever, just something that is trotted out when people don't care about anything except themselves or what the 'rules' allow them to. Just so much hot air that does nothing to address the very real problems that individuals are facing here and now. I'll have to count my blessings, according to what you said, when I've sold everything but the shirt upon my back to stave off living on the street. Yes, I'm sure I'll be a much more prosperous homeless person; maybe I'll even be eligible for handouts to spend on booze so I can shout incoherent abuse at passers by? :har: ;)

I'm sorry that my hyperbole comes across rather pointedly, but my criticism of the way our economy been mishandled is something I feel very strongly about, given the circumstances I find myself in. For the most part I have to try not to think about it as it raises my blood pressure overly much.
What can any of us do except get on and make the best of what little we have left available to us, hoping that the powers that be will be content with what they have already taken from us and not legislate for more? :hmph:

[FIREWALL]

I'm sorry but alot of us just get tired of these Essays.

Get to the point short and simple and you will have more open opinions.

If not I'll at least have the balls to bash you.

I amonst others are tired of this long winded B. S.

[UnderseaLcpl]

I'm sorry but alot of us just get tired of these Essays.

Get to the point short and simple and you will have more open opinions.

If not I'll at least have the balls to bash you.

I amonst others are tired of this long winded B. S.



Nobody makes you read them. If you're not in the mood for in-depth discussion, just skip them.

[FIREWALL]

Nobody makes you read them. If you're not in the mood for in-depth discussion, just skip them.


Another Brown Nose goes PC. :yeah::O::wah::roll::salute:

And you didn't have to read and respond to my OPINION !!!

[UnderseaLcpl]

Another Brown Nose goes PC. :yeah::O::wah::roll::salute:

And you didn't have to read and respond to my OPINION !!!

That's right. I didn't have to, but I chose to.

I don't really see what your point is, though. Are you just trying to spice things up?:DL

[heartc]

Powerful enough to create a 9//11?
[...]
Does this Bank want to End Or Make Recession Worse?
Same way it Created WW1 and WW2?
[...]
I talk a lot of Bull****,
how the ****
am I even
a moderator?
?


---

[SUBMAN1]

---

My sentiments exactly. Banks created 9/11 and WWI and II.

Someone get me stock in tin foil please. Are we really having this discussion? Let me guess, the next topic will be that banks actually shot the moon landing footage in Texas.

-S

[August]

Just think, if teh ebil bank managers (spits on their grave) had let Osama have his Panda bear checks like he asked 9-11 would never have happened!

[owner20071963]

---

heartc?
Be polite,
editing a Quote to make a slide remark,
at me is not very nice,
be aware of that.

[Onkel Neal]

As Admin: You guys need to focus on your arguements and not each other.

[owner20071963]

No arguements here,
Simple,
Respect,
As We Help others,
Here on Subsim :salute:

[owner20071963]

Just heard on the news a few minutes ago, the head of Freddie Mac bit the bullet, Literally.

And he takes the Banks Secret with him :hmmm::hmmm::hmmm:

What a way to go,
Now who believes who??

[jumpy]

I'm not entirely sure what you're trying to say Firewall, I'm assuming it's directed at my response to Rockin Robins post.
I can only say this: I cannot but reply over this matter without alluding to my personal experience and situation. Surely to do otherwise would be considered false?
For me to clearly iterate that, I must explain in some detail, lest I assume the attitude that I treat what other people have to say in an overly simplistic and dismissive manner :hmmm:

Unlike many of the government politicians here in the UK, I tend not to believe that all things can be explained away with media savvy sound bites and jazzy bulletins aimed at fleecing that component of the populace which lacks the capacity or the interest to understand the problems our economy faces due to the recession here. Let alone speculate on who bears the responsibility for causing it to be in the first place.

I can say with some degree of certainty that my small life and influence have no bearing upon the causes of this whole financial meltdown, be it here in the UK or globally. That I seem to be suffering for it all the same is the root of my anger and frustration; directed at those who claim to represent our interests and welfare and the fiscal institutions we have no choice except to rely on. Quite evidently they either don't care, or are lacking in the essential expedient which their position and responsibility requires of them.