Anyone enjoying the global banking situation going mental?

[VetLegion]

As for the question from the thread title: I'm ambivalent. On the one hand it is possible that this will allow me to buy real estate easier as it has become harder and more expensive to get a loan, fewer people buy, so the prices are likely to drop. I work for a bank so I can get a loan easily.

On the other hand, I can't really be happy about global economic slowdowns. I wish this passes as soon and as painlessly as possible.

I am also sad because of the consequences saving banks is likely to have on further involvement of the governments in the financial sector (increase it).

[Imran Siddiqui]

Originally posted by Kuciwalker
It seems like plenty of banks on your side of the pond need to figure that out too

It appears that Northern Rock was actually a northern sponge, sucking up all the toxins in the world... they also refer to it as Joey Barton.

[Lancer]

I sold my place, carried the paper and the folks I sold it to are paying like clockwork, good east coast yanks that they are.

[Zkribbler]

Heard on the news that banks have lost an estimated $1 trillion.

Moral of the story: Don't lend money to people who can't pay it back.

[Blake]

Great time to be becoming a Monk, great time.

It's ALWAYS a good time to learn this great thing called "Being happy with less" but now there's extra imperative!

[Aeson]

Except when the food riots hit, there might not be anyone left to give you food.

[PLATO]

Originally posted by chegitz guevara


Okay. Sometime next year.

You, Sir, shall have the best rate and lowest fees that capitalism can muster!

[PLATO]

Originally posted by Lancer
I sold my place, carried the paper and the folks I sold it to are paying like clockwork, good east coast yanks that they are.

Make sure that they pay by check. It is about the only thing many lenders will take these days to verify payment on a private mortgage.

[Agathon]

Originally posted by Imran Siddiqui


It appears that Northern Rock was actually a northern sponge, sucking up all the toxins in the world... they also refer to it as Joey Barton.

I'm calling you out on this. He's actually been pretty useful in the last four games.

[Blake]

Originally posted by Aeson
Except when the food riots hit, there might not be anyone left to give you food.

Trust me, no worries there. Lay buddhists are VERY devoted to their monks, in fact the Buddha had to make a rule* explicitly to prevent devote laity from starving themselves at expense of the Sangha.

Human nature hasn't changed, the devote will still put huge emphasis on ensuring their monks are fed, will still need rules to discourage them from putting the monks before their own well-being.

At worst I just wont get to eat very much. But that's okay, I can be happy on one simple meal a day, even prefer it that way. The less you have, the more you appreciate it.


** Actually more than one rule.
There's a rule explicitly forbidding Monks from consuming human meat. The Buddha didn't think he had to make that rule, surely it should be obvious! But it turned out a lay buddhist really was stupid, devote or desperate enough to cut out a bit of her own body to feed a sink monk (she didn't tell the Monk the meat broth was made from her own flesh).
And so the rule came to pass, because humans simply have the most astounding capacity to find loopholes in rules!

[Lancer]

Originally posted by PLATO


Make sure that they pay by check. It is about the only thing many lenders will take these days to verify payment on a private mortgage.

It's all done through a title company.

[DanS]

Originally posted by Lazarus and the Gimp
Specifically, this is what happens when the Americans fail to grasp the concept that lending money involves actually standing a chance of getting it back at some point.

Good thing we have you Brits to backstop us.

[Dauphin]

The crisis probably means more work for me in about a years time.

[Barnabas]

I dont know how to save money without losing it.

Should I buy dollars, euros, gold?

[Julian Delphiki]

Originally posted by Dauphin
The crisis probably means more work for me in about a years time.

Repo man?