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Icelanders sold into slavery to prop up the British banking system...
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I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891 -
Looking more and more like WW3 will be fought with paper (at least at first).
(And no, I'm not saying it will happen now. Just that if/when it does...)Comment
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WHAT THE ****?Iceland's prime minister Geir Haarde said the U.K. government is to blame for triggering the crisis when it used anti-terrorism laws to seize the assets of Icelandic banks in the U.K.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Terror on the markets... whatever is causing it must be terrorism right?
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Gitmo will be turned into a debtors' prison.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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A response by Serb would be entirely appropriate for change.
DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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sinking ship ---------------------------------------------> ratsOnly feebs vote.Comment
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Originally posted by Colonâ„¢
WHAT THE ****?
Chancellor of the Exchequer Alistair Darling used anti-terrorism rules to take control of assets held in Britain by a troubled Icelandic bank.
Darling stepped in to protect deposits made by U.K. residents in Reykjavik-based Landsbanki Islands hf, which the government of Iceland seized yesterday. About 300,000 U.K. account holders held deposits at Landsbanki's Internet bank, Icesave.
``To protect U.K. economic interests the government has frozen the funds and financial assets held by Landbanksi,'' Stephen Timms, financial secretary to the Treasury, said in Parliament in London today.
Icesave yesterday blocked customers from accessing deposits at its online bank. The U.K. Treasury said it will guarantee all customer deposits at Icesave, even those above the Britain's 50,000-pound ($87,800) deposit protection plan.
The Treasury released a document to Parliament yesterday showing it used sections of the Anti-terrorism, Crime and Security Act 2001 to take control of the bank's assets, saying in the statement the bank's collapse may harm the U.K. economy.
``The reason we took this action which was extraordinary action was in order to protect the interest and to try to ensure there was money there for creditors and depositors in the U.K,'' Prime Minister Gordon Brown's spokesman, Michael Ellam, told reporters in London today. ``In the view of the chancellor there was clearly a potential systemic risk, and that is why the action was taken yesterday in relation to depositors.''
one would think it's a joke except it isn't...
Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"Comment
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and to add latest from the housing situation
House prices fell by 13.3% in the past 12 months, the biggest drop since records began 25 years ago, the Halifax said yesterday.
While the lender said the pace of the decline may be slowing, analysts warned there was little sign of prices bottoming out despite the Bank of England cutting interest rates on Wednesday.
Halifax's data showed that the average price of a home fell further in the past year than during the last recession in Britain of the early 1990s.
Last month alone, prices fell by 1.3%. That was the eighth consecutive monthly decline and yet another negative trend that surpassed the early 1990s slump, when the longest run of house price falls was seven months. But the monthly fall was the smallest for seven months, which the Halifax said could be a sign that the pace of decline was stabilising.
1.3% month on month drop and the pace of decline is stabilizing
... who would think that we will ever read that...
Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"Comment
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It's pretty easy to tell what non-US markets will do these days, exactly the same thing US markets do.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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From another thread...
Originally posted by OneFootInTheGrave
Not sure if this is the right thread but UK...
another 2.2% last month... 13.7% year on year at this stage...
at this rate it will be around 17% for 08... and likely around 25% (just year on year) when April 09 comes to round up 12 months of falling prices Apr 08 - Apr 09, as it was only in Apr08 when the market started moving down significantly...I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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and the rate drop of 1.5% to 3%...Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"Comment
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And the BoE slashes rates by 1.5 percentage points. Does this magnitude of change have any precedents?
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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no... it's the biggest cut since BOE gained independence in 1997 (last cut like this was in 1981 I read, but I presume the rates were quite a bit higher to start with)... and down to the lowest interest level since WWII...Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"Comment
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