Repossessions Surge :
Remember this 2005 Labour Party Poster?
Repossessions are up 94% since Labour ran this election advert...
Brown' s Undeclared "Donation in Kind" - COP Blog
Think-Tank Roundup - Cassilis
Charity Criticised by Regulator for Links to Gordon Brown - Bloomberg
Official UK Report Criticises Shrum - Danny Finkelstein
Ban the Word "Toff" - Iain Dale
PMQs Cruel But Funny - Simon Carr
Brown Lies at PMQs - Fraser Nelson
82 comments:
I was only ten
when Gordon filled Cabinet with flowerpot men
UK repossessions in 2007 - 27,000.
USA repossessions in 2007 - 2,000,000.
(USA relative per capita 14 times as many)
more on this on www.the-tap.blogspot.com
'how big are sub-prime losses?'
I was only a hundred
when finally my divi-taxed pension was funded
Just a thought.
If you cannot afford the mortgage on your house, and use the sell and rent back option,
will it be included in the repossession count, if not should it?
To paraphrase:
We're all fucked. I'm fucked. You're fucked. The whole country is fucked. It's the biggest cock-up ever. We're all completely fucked.
What about "Labour isn't working" with true unemployment at around 3.5Mn, and endemic in may areas labour really isn't working.
Economic stability, longest period of growth since the jurassic period, low inflation, record investment (public spending)...all lies, what a sick joke
With a retail recession on the way and unemployment forecast to take off there's only one way for reposssesions to go and that's up, up, and away!!
"UK unemployment likely to rise by 700,000 by end of 2009 - Capital Economics
"LONDON (Thomson Financial) - Unemployment in the UK is likely to rise by 700,000 by the end of next year, according to Capital Economics....."
and that's a very conservative estimate IMO.
http://www.afxnews.com/about488/index.php?lg=en&c=00.00&story=2317692
tapestry 2.56
The US is about 12 months ahead of us. They're getting it bad, we are going to get it worse.
I hope cchq are paying you for all this.
Makes you wonder quite what the fuck they are doing for a living these days.
Nope, the cheque never seems to arrive.
nulab = Serially Incompetent
Criminally Corrupt
No 10 and number 11 Downing Street being repossessed?
Or, correctly, they ARE possessed!!!.
It will be interesting to see what hapens when the economic migrants start leaving as the economy implodes.
geordie builders will be back in germany before you can say jimmy nail!
To quote "Sunny Jim"(although he, of course never actually uttered the exact phrase)but never let the truth get in the way of a good headline in "The Sun"
"Crisis ! What Crisis !"
Some of us can remember the last Labour Government and that was a f*cking shambles too !
@Anonymous said...
// I hope cchq are paying you for all this.
Makes you wonder quite what the fuck they are doing for a living these days. //
Really. They don't need to do anything. Brown is the best advert for a Tory government you could want. And I voted labour from my first vote in 1970 until Iraq, so I am not some tory flag waver.
Gordon doesn't know the meaning of being "hostage to fortune", except this downturn will have nothing to do with misfortune, and everything to do with the economic (in)competence of one Gordon Brown MP - who never was much good at maths haha.
With the economy up shit creek and getting worse, how is it that there IS still money to be wasted for the £22bn (and growing in cost) failed NHS computer, the £20bn ID card system, and £20bn Olympic "games"?
When you're up shit creek you cut the spending on crap, but New Labour just push spending up and up. At least the New Labour MP's will keep their inflation proof pensions.
The economic situation at the moment reminds me of the first hour or so after the Titanic struck the iceberg - nobody but those in charge knew how badly damaged the ship was, the slight list and lowering of the bow belying the seriousness of the situation. Wait til it's almost vertical in the water and breaks its back - no brief glimpse of Kate Winslet's bloomers as she stands on the rail before jumping will compensate for the serious shit to follow.
Captain Broon : "You! Move those deckchairs over to the starboard side!"
in the US typical mortgage terms are 10 years. here, - have a guess but at an average of x8 (x15 in london) times avg earnings i'll buy 20, easily - we also have a much higher interest only mortgage rate. all means we're fucked too. but far harder, far longer - its what tony would have wanted...
ps- Please Mr Fawkes...I know its off topic but is there any chance or preparing a little something on leninscum's meltdown yesterday.. "Respect is earned" he screeched at a reasonable attempt to ask him to shut up and respect proceedings. he came out with some other classics "sanctomonious hypocrites, every one of you" was another.. He is clearly cracking... more pressure please
looks like the Central Bankers are bracing us for the worst...
http://biz.yahoo.com/ap/080214/congress_recession_threat.html?.v=28
If Trichet chimes in, you know they know something pretty bad is coming that we don't...
Brown will still become Lord Brown. He will still get directorships. He will still have his index linked pension, his many perks. His friends in the EU politburo will ensure he will not lose money or sleep.
The rest of us will suffer but the bastard that caused the suffering will be laughing - as will Blair and all the other incompetents in Parliament of all parties.
Time for a revolution?
If you take headline unemployment, add students pissing away their grants and loans, invalidity/dole scroungers, half of all state employees, Lee Jasper and polygamists' wives, then you're looking at closer on seven million non-working people.
I wonder if Bogeyman will appear stern-faced and resolute on TV shortly, speaking for the whole of Britain. It's very serious news after all, that attack on the Stephen Lawrence centre.
O/T But only just.
It seems Gordon is seeking help, if this letter to the Daily Record problem page is anything to go by. No mention of rocking horses though.
Wife Doesn't Know I Put On Nappies When She Goes Out
Feb 14 2008 Joan Burnie
Q I DON'T know how this started but I was bored and looking up silly stuff on the internet and found a website about men who wear nappies.
It excited me and I don't know why. I didn't want to buy nappies but I went into a chemist's and bought a packet of incontinence pads and said they were for my grandfather.
I usually wear them when my wife is out with friends and I'm home alone.
I'm an otherwise normal man in his thirties, with a couple of kids. If my wife knew the truth, she'd throw me out but I can't stop doing it.
A SINCE you've already found out about your fairly minor kink via the internet, there's not an awful lot more I can tell you.
It comes down to whether you want to carry on or if you genuinely wish to stop.
If it's the latter, talk to your GP and ask to be referred to someone who specialises in this area. If you don't, it's not harming anyone and I'm sure you can ensure it remains a very secret pleasure.
Mr Fawkes,
You are no doubt aware of the The Parable of the Wise and the Foolish Builders?
The wise man built his house on a rock (not northern), and he was safe.
The foolish man built his on the sand, and when the rains came it was washed away.
The last ten years have been built on nothing more than sand. There is no foundation there and now it has started to rain.
As the erudite Fuchsia Groan pointed out earlier "We're all completely fucked."
Off topic. but pertinent - We're alright, Jack ...
http://preview.tinyurl.com/2fccf3
£123 billion a year
A Bonus for an MP crook....The disgraced conservative sleazy bastard crooked embezzler MP Derek Conway will keep his place among a group of MPs paid a £13,000-a-year bonus for chairing parliamentary proceedings. His political career looked like it was in ruined when he was suspended from the Commons after he was blasted for employing his son as a researcher. But Mr Conway has retained a prestigious and lucrative position as a member of the "chairman's pane" appointed by the Speaker Michael Martin to oversee detailed debates on Bills.
Members of the committee get £13,107 on top of their £61,000 MP's salary to reflect their extra status and workload chairing standing committees. But fellow MPs were furious that the former Government whip had kept the coveted job despite being stripped of the Tory whip, suspended from the Commons and forced to announce that he will stand down at the next election. Panel membership is regarded as a high honour which is reserved for respected members of the Parliamentary establishment.
MPs who are selected by the Speaker [ah, so now we know why!!]carry out the vital task of keeping order in standing committees which carry out line-by-line debates on Bills.
A Commons spokeswoman confirmed that Mr Conway is still a member. He is now listed on the parliamentary website as "independent conservative" after David Cameron withdrew the whip last month.
He is joint chairman of the Commons committee that scrutinised the Health and Social Care Bill, due to have its report stage in the Commons next week.
But Norman Baker, Liberal Democrat MP for Lewes said: "I find it very surprising he is still in that position and nobody has seen fit to question it."
And Alan Simpson, the Labour MP for Nottingham South, said: "Being part of the Speaker's panel embodies a degree of trust and respect about being an upholder of the rules and standards that Parliament sets for itself.
"The difficulty about Derek Conway's position is that it seems a flagrant breach of the rules."
Mr Conway was given a place on the chairmen's panel in 2001. He was once regarded as a future contender for the job of Speaker. Well, he's no worse than gorbalsmick so he MUST stay and be paid his bonus. Come ON Cameron, get him booted out and have a bye-election!!
I just cannot believe this situation. I really do not know how as complete a fuckwit, as fucking fuck head Mc FuckingBean is, and his scamming self serving predessor as prime minister was, ever got themselves elected.
The population must be endemically stupid or universally gullible to ever believe the 'third way' nonsense they originally spun.
We've been here before so many times before after bouts of Socialist tax and spend social re-engineering 'projects'. Surely to God enough people read enough history to realise that it is just not possible to spend and spend and tax and tax as McFuckingBean has done and get away with it.
Why don't the bloody opposition get on his case big time? Get some serious stats and start in on him. Prove his lies. Make him squirm. Give him no mercy at all.
Attack! Attack!
I want the bastard destoyed. I want his reputation shredded. I want him personally impoverished for what he and his lying scheming worthless minions have done to the economy. I want him despised and I want him to know that he is fucking useless and that everyone else knows it. And I want history to judge him as the worst most hopeless Chancellor we have ever had.
And I want it done now. Why? Because every day matters in turning round this wasted economy. Every day that fuckhead is there is another day wasted. Another day until someone even vaguely sensible can get in there and stop this nonsense. Someone who can start to control costs and stop spending money worthlessly. And yes, it will mean state employees being made redundant - probably big time. But I for one will shed no tears over the odd unemployed five a day co-ordinator.
And yes I know that they being unemployed will add to the dole costs, but unless something is done, NOW, we are mega fucked.
This card came to my office by accident today.. not sure who it is for..
"Wendy,you are the best thing that ever happened to me and I will always love you.Don't ever leave, you are worth more to me than words can say."
Love AS.
let's start by heaving KL out of London. Seriously, if BJ takes london then that will surely be the biggest fuck-you of all time to Labour. The fact that Labour think Boris is a joke will only serve to highlight how much they are despised now.
And every fucking one of them are Tories.
Hip fucking hip fucking hooray!
Turf the fuckers out.
More OT, more proof of glorious New Labour policy successes (over and above tractor production, of course)
http://preview.tinyurl.com/222tuq
Great job, teaching, these days eh? No wonder all the teachers I know are ex-teachers.
"Some of us can remember the last Labour Government and that was a f*cking shambles too !"
Yep! They have always been crap and anyone who votes for them is seriously deluded. The latest national socialist New Labour is the worst yet. Super crap. The worst of Old Labour and the worst of the GDR, mixed up with a bit of Hitler and a lot of Goebbels.
And that idiot crow boy Straw is trying to divert attention by talking about a written constitution which seems to consist mainly of our duties and responsibilities as good citizens under the beatific smile of Chairman Brown. Brown Mao has been cosying up to the Chinese, presumably in admiration of their repressive, democracy murdering, internet censoring regime. Do they understand just how much we hate them?
repo's , they're mainly your fault guido. you and your low life mates in the financial system playing fast and loose with working peoples futures. twat.
gordon the economy wrecking moron would rather drag this country into the shit than admit his mistakes.
labour must ditch him quickly.
if they don't they will be out of power for the thick end of two decades.
actually, keep the useless cunt in place, we could do with a new opposition party to keep the conservatives in order. labour were damaging to the country in power and useless in oppposition.
as labour do not represent working people it is time the party withered away and died. judging by their ever decreasing membership numbers now would be a good time.
if the conservatives want four terms they will need to argue in favour of moral taxation and if they do the next election would be theirs.
private quity firms hedgefunders, aren't they all members of the tory party and finance it...oh yes, people like you guido.
takw lilletts for example, or jcb, or peugeot, or black and decker, or any other fucking company thats left britain. waving the union jack at tory conference then shafting british manufacturing and as a result jobs.
you and your friends have created this situation in the city, financial capital dominating labour and manufacturing capital, as fucking ever. so fuck off you stupid monetarist wanker. monetarism has failed. fuck you.
tories+ironically ruining the economy by using their mates in the city, and talking up a recession in the mail, express et al
Where's Gordon?
He wasn't at the British-Irish Council in Dublin today.
After critcism last time that there was no representative from England (he was there) who did he send to represent the British Government and by default England?
The Welsh Secretary of State for Wales!!!
He's showing the arrogance of power thinking that he can just ignore the English and thinking no-one will pay attention to a developing cross-party/cross-national body.
The Tories should jump on this insult to England and make hay with it.
Who does he think he is? The Queen?
Oh come on, Guido. Why have you killed my post?
Let me put it another way: Leninslime and Grasper are the true racists. They, in cahoots with Blink, found three jocular words buried in the middle of an obscure book by Boris Johnson and blew them up into an all-out assault on the man. Then they wheeled out the unfortunate Doreen Lawrence to front their attack, which they continue to this day.
The vandalism is disgraceful, but let there be no doubt who are the real stirrers in Keninsnot's "diverse" London.
Harry, English votes have to be won by sound argument and logic, as they are the payer; Scottish payee, and to an even greater degree, Welsh payee votes can be bought with (largely SouthEast) English money. Where would you spend your energy on ingratiation?
So Tessa Jowell wants us not to complain too much about events in Darfur - and those in the shadows.
Presumably this is because she does not want us to question the huge burden the cost of the 2012 Olympics will be to us.
I only wish the French had won it - they're welcome to it.
So the Headlines trumpet "Unemployment down" but less mention to "nationally the number of people classed as economically inactive. including those looking after a sick relative, on early retirement or who have given up looking for a job now stands at 7.92m (or 21 percent of the working population).
Harry @ 5.55pm - Gordon is A queen not THE Queen.
Anon 5.51
No, you’re the cunt actually. Socialist cunts like you. “Working class” fucking ha! None of you cunts actually work, or ever have done. For fucking generations. You’ve been latched onto the state pap for so long, you don’t even know what real food is. Not a single fucking one of you has an alarm clock or any idea what it’s for. When they ask you at the dole office if you’ve got a CV, you reply “Don’t fink so, mate, I always use a condom”. Which you evidently don’t. Fathered any more state-dependent yobs by fat ignorant fatties on a slum estate recently have you? Of course you have. With my fucking money. You need to form another ideology, another party name. “Useless cunts” sums it up for me. It may not sound catchy, but it’s simple, and don’t forget, there are millions of you.
Lola, 5.03
Don't stress yourself my luv. We have all the time in the world. We are waiting for him.
Ah, you Rosbifs, you do not read ze Brer Rabbit no more 'No, no, no, don't throw me in the briar patch' and pouf! Zuddenly you 'ave ze O-lym-pics which was in great dan-gerre of coming to La Belle France and 'aving ze cannoes up and down the Seine and paddling of to Sout Amerika, coming back tree years later and saying 'I not dead'.
We are already 'aving dese mad bicyclette riders wiz zere up diddly up up and zere down diddly down down and all around; de tort of your Sebastianne Coe wiz his bald wrestling chum and de 'magic word' on ze mat going bang, bang, bang 'Zubmit', was too much for flesh to bear. We zent our ugliest women to the IOC to make ze cow-eyes at zem and to offer a warm Francais welcome wiz ze burning tractors and zuburban race riots, an' it waz zuddenly very clear zat ze O-lym-pics would be a Londres.
Now, iv you will excuze me, I 'ave to go knit a garotte and polish ze guillotine. Can I interest you in a zecond-'and model, you Ingles, you like antiques, no? Den why 'ave you got a dinosaur in your numero dix?
Nothing the good men of housepricecrash.co.uk haven't known and warned about for years. Just make sure Broon is never allowed to pass the buck. He is to blame --- not Darling. Balls can take a share though, even if he doesn't make it to No.11. He held Broon's hand throughout.
Anon 5.51 you are a twat.
It's got nothing to do 'monetarism'. It's the bloody 'third way' bollocks of 'we want it both ways' nuliebour that's blown it. That and everyone wanting more than they can afford as a 'right'.
Capitalism works, because it is not an '-ism' at all. It's just the result of free agents negotiating together to achieve mutually beneficial outcomes.
In one way I do agree with you about big business. It does try and dictate terms to all of us. So please explain why nuliebour cosies up to them? Oh yes, they want 'contributions'. And also explain why when nuliebour is in power monopolies get stronger? Oh yes, of course, it's the payback for the contributions - hah! Extortion more like. Nuliebour is functionally corrupt, which capitalism is not. (Which is not saying the Tories/libdem or whoever are honest.)
And the hedge fund/private equity operators can only do what they do when money is too cheap. And who manufactured too cheap money. Yep, Gordon Fucking Brown.
Get real,and learn that socialsim is a waste of time. It's kaput. It's death was admitted by the abandonment of cl4.4 - and good bloody riddance I say.
Slightly O/T, but have a look at E&Y's report for 2007, click on Global Organization, click on Next page until you get to p7, read, then click to p8 and read!!
http://www.ey.com/global/content.nsf/resources/Global_Review_07/$file/GR07_home.html
surely the point of capitalism is to yield a profit.
if the private sector and especially those at the lower end of the earning scale make no profit, even from their labour, because they are funding an inefficient carefree state, then the whole thing becomes a farce.
if at the same time those at the top end find it easier to make profit then the hidden costs pose a serious danger to the cohesion of society.
if wages were based on modal averages instead of mean ones the true picture of wage levels for those outside of and financing the public sector would indicate not just a lack of profit but insolvency.
under new labour work has for many people become uneconomical.
tax credits merely mask this anomaly. the only profiteers from this situation are state employees and rich individuals. the people who work to create the wealth are left out in the cold.
it is essential for the state's wreckless behaviour to be restricted and then reversed. new labour is a highly anti social organization that is causing great political and economic damage to this country. every day under this government is a wasted one that takes the country in the completely wrong direction.
there are no individuals on the labour front or backbenches of sufficient calibre to correct this misdirection.
warriormonk said...
"in the US typical mortgage terms are 10 years. here, - have a guess but at an average of x8 (x15 in london) times avg earnings i'll buy 20."
I don't know where you got your figures from. According to the Council of Mortgage Lenders (and they ought to know) the average multiple for UK mortgages in the final quarter of 2007 was 3.17 times the borrower's annual earnings.
nice to see mervin again i thought although mpc stooges are keeping low , i wonder why !!
lola : i totall agree we have been endemicaly stupid in our acceptance of the third way clap trap, no thing like democratic consensus via what they tell you as the truth .
the iron chancellor is fast becoming the alloy chancellor, light wt , easily spun , poor temper , full of flaws when cast.
the alloy is a mix of , incompetance, deception and willfull waste of public money.
as has become all too apparent , it was neat trick that kept us captivated and entertained , whilst our pockets and values were emptied , turning our seat in the auditorium of the free , into the debtors prison .
a simple question to trolls: can gordon brown put the ecnomy back to the position that he inherited in 1997 , if not he should go to buckingham palace and call that general election . because it dont think i could trust the man that has done so much damage to be even understand how we could be free again.
the Eu is gordons get of jail card , thats why hes ramming it through , it must be stopped . i also now wonder if he hasnt crashed us so that we go on our knees to the socialist superstate .
well he can fuck off , i me sparticus
urgent
guido your add banner appears to have been hacked !!
O/T from the website of Jim Murphy.....
Bin the Ballot....The Conservative Party has paid for everyone to receive a ballot paper in the next few days. This is not an official vote. It is organised and paid for by the Conservative Party. They have more money than sense. I won't vote in a Tory bankrolled poll that won't change a thing.
A Referendum will cost an incredible £110 million. That's enough for a new Eastwood High School, Barrhead High School, Carolside Primary School, Calderwood Lodge and St Cadocs Primary School put together and still have £30 million left over. Most people in East Renfrewshire know which is better value for money for our area. The truth is that the Tories are obsessed about Europe.
Actually, anyone who promised a referendum and didn't honour that promise is a twat....even an obsessed about Europe twat!!
bogeyman @ 6.04 - you are, of course, spot on the money as far as the source of true racism in the capital; Leninslime runs a racist mayoralty as a deliberate policy, because the slimy fucker has worked out that by buying the ethnic vote with a) false protestations of solidarity with their historic suffering, and b) shedloads of taxpayers' loot, he can stay in power for ever and a day.
The truly sad thing is that our minorities (if indeed they still are in London) fall for this Uncle Tom bullshit. You'd think that they'd know by now that when Grasper and his Nigerian aides rob them all blind, that actually it's just business for them, no different than peddling crack on the street corner, and treat them with the contempt they deserve, but they seem not to have reached that level of self-confidence yet.
The indigenous population have been so cowed by threats of playing the race card that they don't fight Livingscum on his own terms, and so we get treated to the sickening display of a jaded, drunken, power-hungry, libidious commie like the Slime pandering to every alternative terrorist, seditionist, bomber and thief that takes his fancy, just because he can.
The race card has worked so well for these pondlife for so long, they'll keep playing it, UNTIL we start to realise that refusing to openly discuss what they are doing to race relations in order to feather their own nests exacerbates an already bad situation.
Whaddya need, proof?
The government has got itself into £700billion of debt in 7 years. That's £100bn per year. The average wage is around £25000. That means 4million people have wages that depend on the government getting into £100bn more debt each year. And these are the "boom" years?
I can't think of a clearer way of expressing how much shit we are in. Even a Labour voter should be able to understand it.
ken has allowed and defended the misappropriaton of funds from black youths.
for him to accuse people who expose this immoral and illegal behaviour as racists is enough to make any decent person throw up.
ken, maybe the whiskey has rotted your brain but that is no excuse, you are scum.
your name has been added to the list you fucking satanist.
the silver bullet and wall have been allocated.
another zombie, that's all you are ken. just another blood sucking zombie, sucking the life out of young people. that's their chances you're stealing you fucking hypocrite.
Guido - to illustrate the vested interests who force silence on the race issue so the scum who profit from it can maintain their status quo, I have just received my first abusive e-mail from an illiterate fuckwit who calls himself Stuart Powner. Want to bet he's tied in with Livingslime and Grasper?
I notice a few trolls coming out of the woodwork - they must be rattled. Cunts, you've been rumbled.
We've all been rubber-dicked by this NuLab government. I still reckon that revolution is the answer.
Guillotine the bastards asap.
I honestly think that Maggie's biggest mistake was actually publishing the true unemplyment figures at 3M+. If she'd taken 20% off because they'd been on Jobseekers allowance for more than six weeks, put another 20% into job creation programs and 'new-deal' schemes regardless of whether they turn up or not and then removed people on long-term sickness she could have had unemployment under a million.
Amen to that, 45gvt. Unfortunately many people on this forum seem to live in curious places like Stockport and fail to realise that Leninshit is in charge of London, the nation's engine room. He is (as I may have said before) far more dangerous that the Hains, Wee Wendies and Conways multiplied by ten.
He is a master at pouring petrol on lightly smouldering embers to arouse the anger of people whom he and his henchmen have carefully imported to London and then primed with embitterment.
They thrive on provocation. Their "Boris is a hard-line racist" campaign is built on three words that should have been left to lie harmlessly in a witty book. To resurrect them was provocative. The very act of building a Stephen Lawrence memorial centre is provocative. Everything they do is designed to tweak, irritate and arouse hostility among the average Joe while attracting the grateful vote of the gullible class he has set up as "victims".
Fortunately I moved out of London some years ago, but my son lives there now. I asked him to think of one good thing Ken has done for the place. He struggled, eventually coming up with "improving the bus service". Well, I'll tell you what, son, my mate Bob who works for the local council could have improved the fucking buses without turning the place into a fucking socialist republic.
Son then conducted an experiment while travelling on one of Ken's wonderful bendy jobs - watching how many people actually paid their fare. He reckons it was about 5 out of every 50. Good on you Ken! You impress the world with your generosity and vision by letting kids travel free when no fucker pays anyway. Typical.
Leninslime is without doubt the most devious, slippery politican in Britain, with more than a whiff of corruption thrown in. He is a dictator who ignores the opinions of those who pay his substantial wages, and keeps himself in power by massaging the egos and playing to the grudges of a large underclass he himself has created and nurtured.
The Commission for Racial Inflammation, or whatever they call themselves today, are now screaming that racism should be pushed to the top of the agenda again as a result of the Stephen Lawrence bricking. Wrong. It should not be even half way up the agenda. Racism should be banished completely. Boris must push this message - we do not do racism in London.
Smashed the Stephen Lawrence windows? Piss off you idiots, whoever you are. That's not the way it works around here.
As for the Anti Racist Forum Pathfinder Initiative League Collective and your troublesome brethren, you can fuck off too. Go away. You, Leninshit and Grasper are just not needed any more.
tapestry Most of the failures are those who should have never been granted a mortgage in the first place - plus those who kept refinancing as their properties rose in appraised value.
Banks took great heat over the years for "redlining" - not giving mortgages to bad risks, which frequently translated to minorities. Banks were told to find a way, so they did. Hence most of the mess. You should also realise that it's mostly in certain parts of the country; around here we just wobble up & down with inflation etc for the most part.
Mortgage terms, for fixed loans, are typically for 30years. ARMs - adjustable rate mortgages, often reset after five years - even "balloon" into balance due then. The typical 30yr mortgage has no prepayment penalty, hence the orgy of refinancings, it was cheap to do so, relatively speaking.
Me ? I just paid mine off, owe nothing :)
Guido, would you please do something to help the poor girl in the LaSenza advertisement on your home page. I find her quite upsetting. It is too cold to be going around dressed like that.
You might as well see to it now because in a few years' time she will only be allowed to show her eyes. Quite right too.
"MAYDAY, MAYDAY, MAYDAY!
"This is the SS United Kingdom. We have struck a submerged Brown reef.
"We are listing badly, our watertight bulkheads are buckling and the ship is likely to break up into three sections at any time.
"Our position is utterly fucked. We may have to abandon ship, soon.
I say again, MAYDAY, MAYDAY, MAYDAY."
I thought people had enough with Labour in the 60s. Here we go again, why do people support them.
Does anybody think the country is any better than when they came to power, as I think it is much worse.
They have bribed people to vote for them with the tax credit mess
Ha ha! Couldn't be happier, me. I opted out of the mortgage treadmill 10 years ago in my early 20's, rented somewhere relatively inexpensive, and pissed my money up against the wall on beer, recreational badness and womenwho wear inappropriate clothing.
In a few years, we'll ALL be living in rented accomodation when they take all your homes away, but at least i've had a laugh for a decade.
FuschiaGroan:
To paraphrase -
I am Fucked.
You are Fucked.
He, she, it is Fucked.
We are Fucked.
You (pl) are Fucked
They are Fucked.
Basically, the whole fucking thing ...............is Fucked!
Now it's time the electorate FUCKED THE GOVERNMENT!
Anon 10:02
Yes.
Now you understand why politicians lie so much.
We do not vote for the ones that tell the truth.
Its also why the bastard always gets the nicest pussy. But then if you are a man you already know this.
Problem with Thatcher was she did not, for obvious reasons.
Therefore she thought that showing a bit of leg and looking like she enjoyed spanking public school-boy establishment masonic bottoms, was all she needed to do.
It helped of course. But she forgot to keep the negatives so the bastards simply stabbed her in the back, and carried on sucking each others cocks.
Atlas shrugged, held his nose and went down.
By the way can people get an education before they start bullshitting about what capitalism is.
Just for your information
CAPITALISM is not LIBERTARIANISM
ALL and I DO mean ALL capitalism is. Is a method by which spare wealth is moved from a place where it is creating little or no wealth to a place were it can be used to create investment and therefore extra wealth.
In short it means 3 things.
Liquidity liquidity liquidity
What you do with the power of that liquidity is what matters.
Thats why you cant blame capitalism for anything, only the bastards that misuse it.
Atlas shrugged
@Anonymous said...
//
I honestly think that Maggie's biggest mistake was actually publishing the true unemplyment figures at 3M+. If she'd taken 20% off because they'd been on Jobseekers allowance for more than six weeks, put another 20% into job creation programs and 'new-deal' schemes regardless of whether they turn up or not and then removed people on long-term sickness she could have had unemployment under a million.
//
Shunting UB40s onto Incap to drop the unemployment figures was Maggie's wheeze. My ex worked at a job center (or whatever they were call way back) during her reign, and they got a monthly target for the numbers to be moved over.
So there's two reasons why we have so many on incap. One, Thatcher's deviousness, and two, New Labour's refusal to do anything about it, even though they knew this was the case. So it suited them as much as the tories, whatever the DWP may say now.
House of Lords authorities were last night facing calls for an official inquiry into claims that former Cabinet minister Jack Cunningham failed to properly declare consultancy work he was carrying out for the City of London.
A spokesman for the City of London Corporation confirmed a report on a news-paper website that it was paying Lord Cunningham - now a member of the House of Lords - £36,000 a year as a public affairs adviser. His work was said to involve "occasionally" helping to set up meetings with government ministers.
Although Lord Cunningham declared his consultancy company Brinkburn Associates - through which the fees were paid - in House of Lords Register of Financial Interests, he made no mention of his work for the City. Liberal Democrat frontbencher Norman Lamb said that he had now written to the Registrar of Lords' Interests asking him to investigate.
Some people just can't break their thieving habits can they!!
I am over 70 but I can remember when Britain had the world's best private pensions.
As always spot on the money 45govt,
If you want to find a `racist` look for the person screaming `racist` the loudest.
anon 8:07
jim murphy is obviously stupid, he backs a chancellor that cant add up , backs an illigitimate treaty that is not wanted by over two thirds of the UK electorate , too shit scared to even allow it to be debated properly , or let the public disagree .
things can change mr murphy , just look whats happening to labour they look more crap as each day passes.
read jeff randles article in the times , the city now thinks they are utter fakes .
gordons in wales today for the welsh labour party conference , kinnochio will be there no doubt , hope when he the curse of broon arrives they pinpoiint the source to him.
hes going to launch cash for not being on unemployed stats , which basically means he preping for manipulating the figs when were all queing outside the soup van.
45gov i agree kens a racist , and weve been shat on .
see now some truths come out on multiculturalism , and gordon wants to legg us into more of it immigration by lisbon treaty , let alone with being locked into any euro ecnomic recovery plan .
even the barmaid (who rarely comments) said she thought "gordon isnt doing anything about it" , everyones suffering , nothings gone right since tony left (who she thought was nice man)
but that puzzles me now did tony know or realise that gordons so called chancellor genius was actually a poniz pyramid scheme requiring increased borrowing to make it work,
come to think of it that jeff randle article is pretty heavy wade in . recommended!!
The most important story today, Friday, and the BBC buries it on its web site in the Politics section. Labour incompetence threatens our security:-
"The UK's security is at risk because of a national loss of self-confidence, a leading defence think tank says.
The Royal United Services Institute says Britain has become a "soft touch" because of divisions over its national aims, values and political identity.
Rusi attacks "misplaced deference to 'multiculturalism'" and failure to "lay down the line" to immigrants."
elby the beserk:
Yup!
That sounds about right.......but all it goes to prove is that New Labour & New Tory are simply two sides to the same coin.
The coin of BIG GOVERNMENT, in thrall to BIG BUSINESS.
We are sleepwalking into authoritarian state control of ALL aspects of our lives.
Perhaps we should all take a lead from the excellent film "Network"........throw open our windows and shout out....
"I'M AS MAD AS HELL ABOUT THIS, AND I'M NOT GOING TO TAKE IT ANYMORE!"
Have to say that us tenants couldn't give a toss how many repossessions there are this year or any year. It's retribution time for the greedy buy-to-let so-called property developers of Beeny fame.
'You want it all, you want it now.'
Well you damn well got it, you bunch of bourgeois dorks. Let's trust the banks will take back all your 4*4 school run shag wagons too! leaving you to walk to school in future.
Who cares? Not me arses!
Arthur Haines (Comedian)
Arthur Haines (Comedian) said...
I d0n't get it , wheres the punchline?
Do you have to write your own one or is this the start of a promising skit like the Monty Pythons Watney's Red Barrel ..
Or is it simply another twat wanking in envy at the misfortune of others.
The difference between someone who lived in a good house for 5yrs and ended up in a squat, and someone who lives in a squat is the fist one didn't live in a squat for years.
And if you need to put [comedian]after your name you may need to try another line of work.
Anon 9.45 am
"... Really? An engineering degree usually takes three years but you normally have at least one year of work experience. And you are saying that just after a year of that initial training you are doing something that justifies your salary in full?"
After graduation, 2 years professional practice to get Chartered Civil Engineer status. Then into the first real job, where conditions are likely to be tougher than you ever experience later in your career especially if you are on site. The pay in that first real job will be low, reflecting your lack of experience, but you are still able to make a major contribution to your project. Your pay will be fully justified. With experience you move on to managerial posts with appropriately higher pay.
@ aardvark:
average house prices:
Greater London £356,209
South East £266,820
Northern Ireland £250,586
South West £234,847
East Anglia £205,894
West Midlands £178,829
East Midlands £171,559
Wales £163,454
Yorks & Humber £162,705
North West £161,566
avg earnings: approx 22k
you can go and do the maths..
the council of mortgage lenders figure of x3.7 earnings is total bollox and is a massaged figure. they are up to their necks because THEY are the ones who have not policed the mortgage mkt properly and bear co-responsibility with zanulab for the impending fuck up we are heading for... open your eyes.
"Fuck me! I'm coming up for 11 and we are being repossessed again! Thank you, Mr Brown. You fuckwit!
"Mummy said ordinarily, I should not swear. But she'll make an exception if it is about that twat Gordon Brown."
Capitalism has been undermined by One world Socialists and the Global Elite.
The coming Tsunami is part of the Shock Doctrine' which will be the Elites excuse for us to accept Global Governance.
Generals,
Now would be a really good time to make your Move.
2hr documentary
http://www.zeitgeistmovie.com
Free Movies Online on the New World Order to Distribute
http://www.zeitgeistmovie.com
LooseChange
http://video.google.com/videoplay?docid=6499230265406230477&q=loose+change+final+cut&total=192&start=0&num=100&so=0&type=search&plindex=10
disinformation
http://www.gatecreepers.com/
Shoestring 911
http://www.shoestring911.blogspot.com/
Ludicrous Diversion
http://video.google.com/videoplay?docid=-4943675105275097719
Terrorstorm
http://video.google.com/videoplay?docid=-5948263607579389947
Vaccines
http://rinf.com/alt-news/multimedia/the-film-about-vaccines-you-simply-must-see/2190/
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