monkeytassle
Striker
so goldman sachs were just doing their job?I'm talking creative accounting such as currency swaps and the like, and also how the EU ignored the falsification of the Greek public finance data
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so goldman sachs were just doing their job?I'm talking creative accounting such as currency swaps and the like, and also how the EU ignored the falsification of the Greek public finance data
I have no debts, I rent. I pay for what utilities I use and that is all.
A debt is like a loan or a mortgage. In effect anything that makes you a slave to the Government and the banks is a debt.
Fair enough. That's your view so it is what it is.
For me though you are a slave to the rental market or some private landlord who is getting rich. As everyone needs somewhere to live and in reality the end result of me not paying my mortgage debt or you not paying your rent is the same...
But at least in 25 my debt will be paid and I will no longer be a slave.
Just my interpretation on it.
Fair enough. That's your view so it is what it is.
For me though you are a slave to the rental market or some private landlord who is getting rich. As everyone needs somewhere to live and in reality the end result of me not paying my mortgage debt or you not paying your rent is the same...
But at least in 25 my debt will be paid and I will no longer be a slave.
Just my interpretation on it.
I knew what you meant and I hope you do. Most move to bigger houses etc. What ever money you have in it, the man gets it back in the end one way or another.Meant to say 25 years.
I didn't start the term slave. To me that's dramatic I just used it as it was the term on this thread.
But sentiment stands. In 25 years I'll have paid off my mortgage. The rent will always be there never diminishing
What's Italy's or Japan's?GREEK DEBT = 175% of GDP
The use of credit cards should be banned universally overnight too. No more credit cards = less risk of misery for the common man, and less dosh for the immoral.
off the chartsWhat's Italy's or Japan's?
so goldman sachs were just doing their job?
so to sum up Greece is in the shit because goldman sachs happened?Like an unwanted parasite who does it's job by burrowing throughout your body and eating you out from the inside then yes, Goldman Sachs did that very well.
so to sum up Greece is in the shit because goldman sachs happened?
If a dodgy IFA recommends someone sign off on a self-certified mortgage to overstate their earnings in order to secure a larger loan than they cabntruly afford *wink wink, nudge nudge say no more*, who is to blame, the person borrowing the money, or the IFA who is allegedly duty (and now legally) bound to offer professional advice?so to sum up Greece is in the shit because goldman sachs happened?
Do those rules still apply when the borrower is deemed not to be an 'amateur' like, say, if the borrower is a sovereign government?If a dodgy IFA recommends someone sign off on a self-certified mortgage to overstate their earnings in order to secure a larger loan than they cabntruly afford *wink wink, nudge nudge say no more*, who is to blame, the person borrowing the money, or the IFA who is allegedly duty (and now legally) bound to offer professional advice?
the ifa. but how is that related to Greece and goldman sachs?If a dodgy IFA recommends someone sign off on a self-certified mortgage to overstate their earnings in order to secure a larger loan than they cabntruly afford *wink wink, nudge nudge say no more*, who is to blame, the person borrowing the money, or the IFA who is allegedly duty (and now legally) bound to offer professional advice?
I'm sure none of this is news to you http://www.spiegel.de/international...ed-greece-to-mask-its-true-debt-a-676634.htmlthe ifa. but how is that related to Greece and goldman sachs?
you're right, it isn't news. I just am always amazed that everyone sees it is poor old Greece. They hired GS and blatantly lied to join the EU. On top of that they keep forgetting to collect their taxes and pay what they owe. I'm not for a second saying the GS deal doesn't look dodgy looking in but for them it's just switching liabilities around. Very simple task and they charge a decenmt ransom for use of their balance sheet.I'm sure none of this is news to you http://www.spiegel.de/international...ed-greece-to-mask-its-true-debt-a-676634.html