Wall Street opens in half an hour or so...

Whisper out there is that AIG (American International Group) may be next to topple.
they looking to borrow $75 billion just to survive!

That's the Manure Scum shirt sponsorship farked then ....

Merlin wrote:Whisper out there is that AIG (American International Group) may be next to topple.
they looking to borrow $75 billion just to survive!

That's the Manure Scum shirt sponsorship farked then ....

No probs.

We're insured.

I think the HR policy at my firm is to take in the most smug and arrogant 20-23 year olds and put them on a graduate program.

Send them overseas business class to do some so called "training"

Pay them shit loads.

And after it all, they just leave to bigger and better things anyway.

Farkin HR Divisions. I have a solution - a small thermo-nuclear device.

Would make not a jot of difference to the 3000 strong company I work for if they nuked the barstewards tomorrow.

Douglas Adams had it right when he sent them all (along with telephone sanitisers and hairdressers) on the B-Ark to the Sun.

We'd be up shit street without saniteen engineers, but . . .

Abso-farkin-lutely. And don't you forget it.

Has anyone else mooted the notion that we're all doooomed?

Plenty of merchant wankers in the States.

If the BoA takeover of Merrills fall through, we will genuinely be farked.

Isn't it about time they rounded up all these farkin Gordon Geckos and shot the lot of 'em.

Qunts.

Right, I promise that's the last time I say "qunts" today. Well, after that one.

spangler wrote:Has anyone else mooted the notion that we're all doooomed?

The irony is that Alister My Darling mooted that very fact 2 weeks ago and was lampooned by his gung-ho Cabinet colleagues and his Brown-nosed boss for spreading wild rumours of doom and despondency in the economy!!
Makes you wonder whether he had prior knowledge of the Lehmann cave-in yesterday.

skully wrote:Isn't it about time they rounded up all these farkin Gordon Geckos and shot the lot of 'em.

Qunts.

Right, I promise that's the last time I say "qunts" today. Well, after that one.

The sad thing is, the vast majority of the people in these firms are quality and who are probably highly profitable in their own little spheres. Problem is the few who are allowed to punt all the hard work of the many with little downside if they get it wrong. I know a few guys at some of the US banks who are shattered because their lives have been ruined by some qunt in the states.

This mess highlights RBS's takeover of ABN AMRO for 100 Billion as possibly the worst takeover of all time at the worst possible time.

JGK wrote:

skully wrote:Isn't it about time they rounded up all these farkin Gordon Geckos and shot the lot of 'em.

Qunts.

Right, I promise that's the last time I say "qunts" today. Well, after that one.

The sad thing is, the vast majority of the people in these firms are quality and who are probably highly profitable in their own little spheres. Problem is the few who are allowed to punt all the hard work of the many with little downside if they get it wrong. I know a few guys at some of the US banks who are shattered because their lives have been ruined by some qunt in the states.

Would agree in principle with that sentiment.

It's when you allow chav wide-boys loose with other peoples money and the markets hit a slide that the problems begin.
Their limited brain capacity doesn't function fast enough to a. spot the oncoming bear and b. to arrest the decline with stop-loss markers.
Of course, greed plays a big role as well.

Paul Keating wrote:This mess highlights RBS's takeover of ABN AMRO for 100 Billion as possibly the worst takeover of all time at the worst possible time.

But Barclays are looking like champions having dodged a very large bullet.

Got...to...hold...it...back....Q....U....N...

No, I promised.

FTSE 100 down another 3% so far today.

GB is seriously farked. Apparently there were more car sales in Australia in August than there were in the whole UK. Ditto house mortgages.

To think that some people think that economics and politics isn't interesting.

I have seen an extraordinary day today with a new Australian opposition leader and watching the world markets melt.

Stability here is a word called Nationwide.
Not a bank, not a sub prime lender, not a punter.
Merely an ultra cautious building society who've kept their noses clean doing the job they claim to do, only efficiently.

Jebus, I farking hope that continues - especially in this economic climate.

JGK wrote:FTSE 100 down another 3% so far today.

GB is seriously farked. Apparently there were more car sales in Australia in August than there were in the whole UK. Ditto house mortgages.

So what's the DJ Futures looking like JGK? Give us some farkin good news, ay.

Just as well the Libs left us with a healthy surplus, ay?

Paul Keating wrote:To think that some people think that economics and politics isn't interesting.I have seen an extraordinary day today with a new Australian opposition leader and watching the world markets melt.

They are very interesting . . . it's just the qunts that talk about them that are boring . . .

DJ and SP500 down a little but NASDAQ up.

Should be a good day for airlines though.

Merlin wrote:
Merely an ultra cautious building society who've kept their noses clean doing the job they claim to do, only efficiently.

And so say all of us.

JGK wrote:DJ and SP500 down a little but NASDAQ up.

Should be a good day for airlines though.

Fark, I'll be glad when this sh!t bottoms out.

Greenspan's little pep talk about the worst economic event in our lifetimes was a wonderful tonic. Stoopid old qun....erm, blurter.

Would be really good for the Fed to cut rates 75bp tonight.