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Thread: USA bailout failure

  1. #11
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    Lehman Bros

    Sorry it's in Afrikaans, couldn't find an English version, but sooooooo good for a giggle.
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  2. #12
    Silver Member Graeme's Avatar
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    Sub-prime mess

    The whole sub-prime mess began back in President Clinton's time when he leaned on US banks to give the benefit of the doubt to people who wanted homes but could not get mortages because they were not terribly good credit risks. The banks found a way - they called it securitisation.

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    Site Caretaker Dave A's Avatar
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    It wasn't that long ago our government was leaning on our banks to extend loans to high credit risk folk. Imagine - we would have had our own homegrown "sub-prime" crisis too.

    I bet gov is happy the banks resisted their advances now. In fact, the way they're going on about us not being vulnerable, you'd almost think they were trying to take the credit

  4. #14
    Bronze Member Alan's Avatar
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    Crisis hits Japan, the Origami Bank....has folded

    The Sumo Bank has gone belly up and
    Bonsai Bank announced plans to cut some of its branches.

    Yesterday, it was announced that Karaoke Bank is up for sale and will
    likely go for a song while today shares in Kamikaze Bank were suspended
    after they nose-dived.

    While Samurai Bank is soldiering on following sharp cutbacks, Ninja Bank is
    reported to have taken a hit, but they remain in the black.

    Furthermore, 500 staff at Karate Bank got the chop and analysts report that
    there is something fishy going on at Sushi Bank where it is feared that
    staff may get a raw deal.

    Stuff it, it's Friday and the sun is shinning!!
    Remember the Ark was built by Amateurs and the Titanic was built by professionals.
    Business isn't about how to survive the storm, but how to dance in the rain.

    Marine Aquariums SA

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  6. #15
    Site Caretaker Dave A's Avatar
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    Lovely one, Alan. The situation certainly needs some humour

    For anyone in the mood to get serious for a moment, here is a great read - Surviving the hurricane. Too late this time around, but at least there is serious discussion about how to prevent/limit the effects in the future.

    Leaning into the wind - seems to make sense to me.

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