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Post by Deleted on Nov 30, 2019 17:44:57 GMT
No I’m a corporate lawyer in London but what would I know eh. And no it’s a film based on a book by one of the American financial journalist explaining the origins and causes of the crash but well done at googling trying to look clever. I did say read the book but offered watch the film as it is easier and you might have a better idea of what you are on about. But you clearly have no desire to educate yourself. He was on the bloody board but you excuse him for not knowing what was going on. They all knew. They all knew the risks and they carried on even when the crash started looking likely. But yeah put him in charge of the country’s money. www.businessinsider.com/bubble-derivatives-otc-2010-5?r=US&IR=THey, why are you so angry? Calm down a bit and try not to take things so personally. I Googled it because that is what you suggested I do. Don’t you remember? It was nothing to do with “trying to look clever”. And I’ve just read the page on that link you’ve provided. If I’m honest, it seems to back up my view of these Derivitives Traders rather than yours in that it confirms that it is basically one trader having a bet against another trader and has little to do with the underlying commodity whether that be mortgages (in that particular case), or oil, grain, currency or whatever.
To quote from your link….. “ In a hedging scenario, an investor that has exposure to a variable interest rate can transfer the risk to a second investor (the counterparty) by entering into an interest rate swap. A swap is simply an agreement to exchange cash flows. If the interest rate goes up, the second investor pays the difference while the first investor pays the original rate (to the second investor) along with the cost of the swap.” In other words – a bet. And “Speculation in OTC derivatives involves no connection to an underlying asset or to a real business risk, but the liabilities and risks they create are real.”
In other words – the result is unconnected to and does not affect the value of the asset. Perhaps I’m wrong – I’m not a lawyer or an Oxbridge graduate, but that’s how it looks to me. Either way, I wish you a happy evening. But try not to get so mad. You’re right, apologies. I blame Stephen Ward mostly for my foul mood. Save for when you realise that one of those counterparties is the bank. The bank was taking on the risk. The “investor” was the “investment bank” he worked for which is Deutschebank. Previously the retail and investment businesses of banks did not have to separate. Hence they were gambling with your money. Since the crash the banks have had to separate their retail and investment businesses because of this.
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Post by Deleted on Nov 30, 2019 22:33:41 GMT
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Post by serpico on Nov 30, 2019 22:39:57 GMT
Polls are relevant again yay 😄
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Post by GrahamHyde on Dec 1, 2019 0:47:45 GMT
This election will primarily be decided by the way traditional Labour Leave voters choose to sway in the polling booth.
They have a massive decision to make.
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Post by trickydicky73 on Dec 1, 2019 2:15:08 GMT
Polls are relevant again yay 😄 And the lead is closing. As predicted. Ooh, isn't it exciting, it might mean a hung parliament and no Brexit? The idea all fucking along.
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Post by Deleted on Dec 1, 2019 6:48:23 GMT
Polls are relevant again yay 😄 And the lead is closing. As predicted. Ooh, isn't it exciting, it might mean a hung parliament and no Brexit? The idea all fucking along. This^^^
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Post by sheikhmomo on Dec 1, 2019 7:18:50 GMT
Which one are you?
chav? loser? burglar? drug addict?
He thinks you're scum.
Vote Labour.
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Post by partickpotter on Dec 1, 2019 7:31:55 GMT
Which one are you? chav? loser? burglar? drug addict? He thinks you're scum. Vote Labour. Don’t be silly. What he actually said is interesting... I thought you might have some sympathy with him. He was bemoaning Westminster washing its hands of the poorest in society. You may have concerns with the language he uses to express his thoughts, but you can’t disagree with the sentiment. (Oh - you probably can because he is a Tory).
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Post by partickpotter on Dec 1, 2019 7:38:17 GMT
Polls are relevant again yay 😄 And the lead is closing. As predicted. Ooh, isn't it exciting, it might mean a hung parliament and no Brexit? The idea all fucking along. Excellent. You should be pleased. You will, in this scenario, be given the opportunity to vote again on the biggest issue of the day. Hopefully give it some more thought, and this time vote correctly.
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Post by Deleted on Dec 1, 2019 7:39:58 GMT
It's heading for another hung parliament and a serious risk of a Labour/SNP alliance with Nicola Sturgeon running this country in the background.
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Post by sheikhmomo on Dec 1, 2019 7:55:23 GMT
Which one are you? chav? loser? burglar? drug addict? He thinks you're scum. Vote Labour. Don’t be silly. What he actually said is interesting... I thought you might have some sympathy with him. He was bemoaning Westminster washing its hands of the poorest in society. You may have concerns with the language he uses to express his thoughts, but you can’t disagree with the sentiment. (Oh - you probably can because he is a Tory). What is interesting is that all his policies accelerate the race to the bottom that 'creates' the people he clearly detests.
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Post by partickpotter on Dec 1, 2019 8:11:47 GMT
Don’t be silly. What he actually said is interesting... I thought you might have some sympathy with him. He was bemoaning Westminster washing its hands of the poorest in society. You may have concerns with the language he uses to express his thoughts, but you can’t disagree with the sentiment. (Oh - you probably can because he is a Tory). What is interesting is that all his policies accelerate the race to the bottom that 'creates' the people he clearly detests. Nonsense. You clearly agree though that, contrary to your original post, he is in fact speaking up in that article for the poor of this country.
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Post by sheikhmomo on Dec 1, 2019 8:13:06 GMT
What is interesting is that all his policies accelerate the race to the bottom that 'creates' the people he clearly detests. Nonsense. he is in fact speaking up in that article for the poor of this country. Is he balls.
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Post by partickpotter on Dec 1, 2019 8:14:31 GMT
It's heading for another hung parliament and a serious risk of a Labour/SNP alliance with Nicola Sturgeon running this country in the background. Excellent news. We’ll all be richer, except for the rich who will be poorer. Well, until the magic money tree dies at which point we’ll all be poorer. But, at least the rich will no longer be rich. Which is excellent.
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Post by salopstick on Dec 1, 2019 8:15:52 GMT
Context is wasted on momo
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Post by sheikhmomo on Dec 1, 2019 8:17:38 GMT
"Working-class men were dismissed as “likely to be drunk, criminal, aimless, feckless and hopeless”, in the column for The Spectator magazine in 1995.
Vote Labour
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Post by sheikhmomo on Dec 1, 2019 8:19:54 GMT
Context is wasted on momo Context my hairy balls. Attacks on women wearing Muslim clothing increased immediately after that column he wrote. At best he's a clumsy oaf, at worst he a privileged, racist, poor hating tosspot bastard.
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Post by partickpotter on Dec 1, 2019 8:21:11 GMT
Nonsense. he is in fact speaking up in that article for the poor of this country. Is he balls. You should read the original article. Johnson, back in 2005, highlighted what is behind the situation we are seeing today in Labour’s disaffected working class heartlands.
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Post by sheikhmomo on Dec 1, 2019 8:23:41 GMT
You should read the original article. Johnson, back in 2005, highlighted what is behind the situation we are seeing today in Labour’s disaffected working class heartlands. I've read the article and everything he believes in and supports backs up his rhetoric about the less well off in society. He's a cunt.
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Post by partickpotter on Dec 1, 2019 8:27:51 GMT
Context is wasted on momo Momo represents the liberal left middle class who justify a disdain for the poor with a hypocritical hatred of the Tories. His type were beautifully described in the book Poverty Safari.
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Post by trickydicky73 on Dec 1, 2019 8:30:19 GMT
Walking through Hanley the other day, and I wondered how things would change under a Labour government.
Would there be less people begging on the streets? There were beggars doing the rounds under Labour, as I remember? Rough sleeping seems on the rise, but there might be other reasons for that (although Universal Credit can't help?).
Would there still be people who seem to be able to drink every day and shout at their mates across the street, before heading to another pub? Are these "the poor", because they seem to have more disposable income than my friends and family?
Would there no longer be people who are "rough as arses" hanging about in Wetherspoons doorway and elsewhere? Where would Labour put them? They used to gather by the side of the old bus station under Labour, didn't they?
How many of them are wankered on the latest drug? How do other people manage to stay off them?
I am asking these questions because I honestly don't know the answers. I just think that they might be more nuanced than which party is currently in control (at least some of them).
And let's not pretend that working class people don't use these words to describe others.
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Post by sheikhmomo on Dec 1, 2019 8:33:22 GMT
Context is wasted on momo Momo represents the liberal left middle class who justify a disdain for the poor with a hypocritical hatred of the Tories. His type were beautifully described in the book Poverty Safari. OK as we're doing stereotypes you're just a grim, right wing, poor hating, selfish bastard. Easy this innit?
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Post by partickpotter on Dec 1, 2019 8:35:33 GMT
Momo represents the liberal left middle class who justify a disdain for the poor with a hypocritical hatred of the Tories. His type were beautifully described in the book Poverty Safari. OK as we're doing stereotypes you're just a grim, right wing, poor hating, selfish bastard. Easy this innit? True - except my description of you is correct.
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Post by felonious on Dec 1, 2019 8:36:28 GMT
It's heading for another hung parliament and a serious risk of a Labour/SNP alliance with Nicola Sturgeon running this country in the background. Excellent news. We’ll all be richer, except for the rich who will be poorer. Well, until the magic money tree dies at which point we’ll all be poorer. But, at least the rich will no longer be rich. Which is excellent. You can see the note now....."There is no money for the next 30 years"
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Post by bathstoke on Dec 1, 2019 8:36:45 GMT
Context is wasted on momo Momo represents the liberal left middle class who justify a disdain for the poor with a hypocritical hatred of the Tories. His type were beautifully described in the book Poverty Safari. What do you do to help the less fortunate in society Partick...
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Post by sheikhmomo on Dec 1, 2019 8:37:32 GMT
OK as we're doing stereotypes you're just a grim, right wing, poor hating, selfish bastard. Easy this innit? True - except my description of you is correct. Unfortunately you think you're cleverer than you actually are. Don't overstretch yourself.
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Post by partickpotter on Dec 1, 2019 8:38:10 GMT
True - except my description of you is correct. Unfortunately you think you're cleverer than you actually are. Don't overstretch yourself.
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Post by CBUFAWKIPWH on Dec 1, 2019 8:40:52 GMT
It's heading for another hung parliament and a serious risk of a Labour/SNP alliance with Nicola Sturgeon running this country in the background. Good. She's the only credible adult in a room.
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Post by bathstoke on Dec 1, 2019 8:42:24 GMT
Walking through Hanley the other day, and I wondered how things would change under a Labour government. Would there be less people begging on the streets? There were beggars doing the rounds under Labour, as I remember? Rough sleeping seems on the rise, but there might be other reasons for that (although Universal Credit can't help?). How many of them are wankered on the latest drug? How do other people manage to stay off them? I am asking these questions because I honestly don't know the answers. I just think that they might be more nuanced than which party is currently in control (at least some of them). And let's not pretend that working class people don't use these words to describe others. I think some people are wankered on the latest cheap drug cause they have feel they have nothing else to live for. As for describing words, we all have prejudices, cause they’re about fear. It’s the human condition.
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Post by sheikhmomo on Dec 1, 2019 8:46:26 GMT
Walking through Hanley the other day, and I wondered how things would change under a Labour government. Would there be less people begging on the streets? There were beggars doing the rounds under Labour, as I remember? Rough sleeping seems on the rise, but there might be other reasons for that (although Universal Credit can't help?). How many of them are wankered on the latest drug? How do other people manage to stay off them? I am asking these questions because I honestly don't know the answers. I just think that they might be more nuanced than which party is currently in control (at least some of them). And let's not pretend that working class people don't use these words to describe others. I think some people are wankered on the latest cheap drug cause they have feel they have nothing else to live for. As for describing words, we all have prejudices, cause they’re about fear. It’s the human condition. We have a society where many people don't opt out, they simply have nothing to opt in to.
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