Doom in the "real" economy

[sasguru]

I resisted the temptation to move bank account because I thought that if bank can't earn money on their primary function (keeping money safe, transactions etc) then they would get into gambles and lose my money or sleep or both.

FYI I also had accounts in Barclays and Halifax, I stopped using both of them some years ago and clearly it was the right choice.

Ah another example of your financial genius rather than pure blind luck!

[AtW]

Your constant refrain of "If I was in charge" betrays your delusional mental state better than anything.

It shows ability to analyse - "What If" scenario modelling, did they teach you this method in your school?

[snaw]

If he was in charge it'd be like Gollum getting away with the ring ...

[sasguru]

In the USA elected politicians do not take up Govt posts like in the treasury (at least not right now).

If you said Bush forced Treasury to force SEC then maybe, but so far you got zero evidence (as usual) support your claim.

The fact of the matter is that it does not even matter if politicians are misguided in this action - they did something that you and some others regularly accuse me of being "communist" about, yet those guys are as capitalist as they get and they cracked down on shorters - the only problem I have with this attitude is that they should have done it long time ago before crisis started.

In both cases making it clear it was a temporary pragmatic decision rather than one of principle.
Which shows you were talking crap in the first place.
HTH

[AtW]

Ah another example of your financial genius rather than pure blind luck!

There is nothing blind about it.

I came to this country after Russian default in 1998 when currency dropped and banks went bust (well in a Russian way - owner takes depositors money out and then liquidates bank while leaving nothing to depositors then allows his son buy sport car manufacturer in another country, ultimately bankrupting it too), we took our money from banks before crisis and exchanged currency too - so I think I've got a bit more knowledge then you when it comes to detecting future economic problems.

[AtW]

If he was in charge it'd be like Gollum getting away with the ring ...

Well, he deserved to own it in my view. He was a bit of a sad murderer type but that happened like what hundreds of years ago.

[sasguru]

It shows ability to analyse - "What If" scenario modelling, did they teach you this method in your school?

No they taught us to be realistic and practical in my school.
But then I didn't attend the Moscow Special Needs School for Delusional Fantasists, so possibly I missed out.

[AtW]

In both cases making it clear it was a temporary pragmatic decision rather than one of principle.

If it was right at the time, then it should be right all time dude - but I am sure your City lobbyists will pay handsomely to revert this ban as soon as they can - good thing there won't be many of them left

[AtW]

No they taught us to be realistic and practical in my school.

People of this country were getting en masse into debt, buying dog houses in London for £300k or more, and this is what you call "realistic"?

[sasguru]

People of this country were getting en masse into debt, buying dog houses in London for £300k or more, and this is what you call "realistic"?

The ones from my school are obviously sitting on a fortune