Lehmans gone under. (1 Viewer)

[the strange guy]

the mind boggling things is that no one in the chain at any point thought " this is going to end really badly", but the sense you get that it was real "Make hay while the sun shines" attitude driving the whole thing

I reckon the thinking was "These eejits won't be able to pay
off their mortgage, we seize it, keep what they paid us and
sell it on at a profit."

But it was the fact that the homes with sub-prime mortgages
were clustered together geographically, so when all of these
homes are seized within months of each other they created
ghost towns.

Nobody was around to maintain the homes and so they fall into
disrepair and disuse in areas where nobody lives and so they
become undesirable, unsellable and the bank is left with the
bill.

Ya reap what you sow, you banker wankers.

There's also some loop-hole I read about whereby your credit
rating is replenished after 5 years (in the states). So if you're
after buying a $200,000 apartment that is now worth $150,000
with no hope of it reaching it's original price for years you might
as well walk away from it. In five years your credit rating is
grand and you're not left with tens of thousands out of pocket.

Is this true? If so, HA FUCKING HA!!!
ENJOY YOUR WASTELAND OF AN ECONOMY, AMERIKAY!
I'm moving to Asia, fuck this western hegemony shite.

 

[Pantone247]

Hahaha, Myself and billy will come back, and we're going to buy and sell yis.

ha ha ha ha... look at the man with the growing ever worthless dollars in his pockets laugh at our minor economic blip! Have you been out beyond the Thunder Drome lately?

 

[flashback]

ha ha ha ha... look at the man with the growing ever worthless dollars in his pockets laugh at our minor economic blip! Have you been out beyond the Thunder Drome lately?

Have you got fire insurance on that bicycle Panty?

 

[shower another shower]

Bush: Wall Street can handle investment banking shake-up

By Greg Robb
Last update: 11:17 a.m. EDT Sept. 15, 2008Comments: 11
WASHINGTON (MarketWatch) -- President Bush said he is confident that Wall Street can handle the dramatic investment banking shakeup over the last 24 hours which has seen the bankruptcy of Lehman Brothers and the sale of Merrill Lynch. In a statement at the White House, Bush appealed for calm, saying that policymakers were focused on financial market stability. While short-term adjustments in financial markets would be painful, Bush said he remained confident in the long-run health of financial markets.

everything should be OK.

 

[Froog]

anyone fancy going halves on america?

 

[nlgbbbblth]

thankfully I dont have a pension.
Who's laughing now!

 

[Corey]

only 30cents a share at the moment! good time to get in?

 

[Doctor Muscles]

ha ha ha

this says it all

Bring back Yellow Pack, that's what I say!

It's been too long since I've tucked into a packet of Thrift! crisps.

 

[ratmonkey]

What's the difference between Lehman Brothers and Lever Brothers?

Lever Brothers will give you your money back.

 

[shower another shower]

What's the difference between Lehman Brothers and Lever Brothers?

Lever Brothers will give you your money back.

Or the Everly Brothers?
They only give each other a bit of slack.

 

[Jrad (BFB.ie)]

I'd agree except when those cunts get a cold, usually everyone sneezes.

I hear that!
When those guys lie down with the dogs,........we all get up with the fleas!

 

[Jrad (BFB.ie)]

When those pimps in da crib ma,...........we all drop it like its hot!

 

[Jrad (BFB.ie)]

When those guys feel the pain,...........we all dont necessarily feel the gain!

 

[Jrad (BFB.ie)]

If those guys arent there,...........we will all be square!

 

[Jrad (BFB.ie)]

Ah fuck! I think i peaked with the first one. fuck it anyway!

 

[Jrad (BFB.ie)]

Sir may i take your jacket and your cans

Fuck BonsaiSuperstar for takin me cans, and Pantone247's cans!

 

[Denny Oubidoux]

our minor economic blip!

in about 15 years we'll be able to look back on the 1997-2007 (approx) period in the same way as we will by then, no doubt, be looking back on weekend breaks in bettystown - just a nice little chapter in the in the otherwise dour history of ireland.

 

[JohnnyRaz]

in about 15 years we'll be able to look back on the 1997-2007 (approx) period in the same way as we will by then, no doubt, be looking back on weekend breaks in bettystown - just a nice little chapter in the in the otherwise dour history of ireland.

man id love a mint green vauxhall poor mans sports car effort; my teacher in 4th class had one.
actually yer man, beard, one of those jackets, tightinsh jeans, man bag, thick rimmed glasses, probably 50% of the men on thumped currenty look like him.
thats what trying to revive the 80s a'l get ya, a fucking resession

 

[Anthony]

I thought this was a coldspoon conspiricy photo shoot

 

[Denny Oubidoux]

i'd forgotten about those beige trench coats