The EU debate - Part III

That's not the mindset imo. I don't think the CEO's of financial institutions allow their traders to sail close to the wind knowing that if it goes tits up they'll be bailed out.

It's about controlling risk. However, anyone in business will tell you that post the '08 crash, that's exactly what happened. The financial institutions went completely the other way, and extremely risk averse. This stifled the economy as mortgages became far harder to attain and business borrowing was an absolute nightmare. The Govt needed to provide a safety net for the banks in order to encourage them to take the brakes off and allow the system to crank up again. We arguably did it better than most, and our economy recovered st a much faster rate than many of our peers.

 

It was I while back when I watched it, and no doubt the detail was driven by an NWO promoter, but a video I watched implied that the very large institutions engineered crashes so that they could buy out the smaller banks, and gain more control of the markets and economy.

I can see an element of truth in that being a policy they would undertake. Assuming there is an element of truth, do you feel that the risks associated with the power that would give them outweighs any benefits, and do you see a way of preventing it without government interventions? Or alternatively, do you think it's bollocks anyway?

 

It's not an industry I've worked in, so I can't say whether that is something that is either possible or probable, let alone whether it's a deliberate tactic. It's sounds a somewhat extreme method of expansion though,

 

I just had a quick look for the video I watched, but if it still exists, it's buried under a load from people who lose credibility very early on.

 

People who don't understand economics shouldn't have opinions
I wonder how people are supposed to buy a house?
I'm not worried about lending as I will have soon paid off my mortgage

 

You bought your house when it was worth about 50p and claim to have been a successful accountant for 40 years.

 

In the hope that saying we are all on ignore is false....please just **** off, you complete ****ing idiot.

 

I guess that being around 10+ years younger than you and not having a mortgage on any of the three properties I own, makes my more financially astute than you.......right where did I put those plans for the garage!!

 

He wore you down in the end then?

 

Yep

 

Only 3 houses, you pleb

 

Financially astute pleb, if you don't mind....

 

At the ripe old age of, what, 60 odd?
You still haven't paid off the mortgage on your 2 bed semi **** hole?
#financialmasterclass

 

FFS! Yet another internet forum tycoon (magnet) pops up.

Everyone knows you can't get a mortgage on one of these...let alone 3

please log in to view this image

 

Having a house in a part of Europe that is staying in the EU doesn't count as a real house
The prices of houses over there has fallen already and soon, given the problems in Euroland, house prices will crash even further.

 

Never ceases to amaze me how many millionaires post on Not606
This place must attract the upper class.

#ismellbullshit
#epeen

 

No millionaire in my case, just a little financial savvy, hard work and of an age to take advantage of rising house prices.

 

I don't have a 2 bedroom house in London. I have a 6 bedroom house with two kitchens and an office. I spend £200k on doing it up.
I have a 2 bedroom house in Hull but there never was a mortgage
Two houses worth over £1m in total is good enough for me
I know you are ashamed so I am sure you wont tell me what you own
but given your attitude I don't think you'll have very much
you reek of jealousy

 

I bought a two bedroom terraced house/flat in a high rise in the 1990's = Warren Buffet's got nothing on me.