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Thread ID: 126934	2012-09-25 21:05:00	In the name of “progress,” the world is regressing to neoserfdom	zqwerty (97)	PC World Chat

Post ID	Timestamp	Content	User
1303377	2012-09-26 05:40:00	Yeah it is a good read. I love the myth on compounding interest. How true	Gobe1 (6290)
1303378	2012-09-26 08:59:00	Hmmmmm, well that’s pretty much how I see it, but I’m going to have to ask for help on this, although I may have missed it in the article. I’m stuffed if I can work out how when we had the relativity recent Financial Crunch (that governments are still trying to sort and explain) not one Credit Card Company looked like hitting the wall? :confused: Hell, all they deal in is debt, and when millions can’t pay, then how the hell did they survive? :confused: Banks tipped over, how many Finance Companies tipped over, but not one Credit Card Company. Got me stuffed! :D	B.M. (505)
1303379	2012-09-26 09:15:00	Hmmmmm, well that’s pretty much how I see it, but I’m going to have to ask for help on this, although I may have missed it in the article. I’m stuffed if I can work out how when we had the relativity recent Financial Crunch (that governments are still trying to sort and explain) not one Credit Card Company looked like hitting the wall? :confused: Hell, all they deal in is debt, and when millions can’t pay, then how the hell did they survive? :confused: Banks tipped over, how many Finance Companies tipped over, but not one Credit Card Company. Got me stuffed! :D They are owned by the banks.	mikebartnz (21)
1303380	2012-09-26 09:22:00	They are owned by the banks. But the Banks are broke. Goverments are bailing them out.	B.M. (505)
1303381	2012-09-26 09:34:00	But the Banks are broke. Goverments are bailing them out. I think you need to go back and read the complete article.	mikebartnz (21)
1303382	2012-09-26 09:39:00	I think you need to go back and read the complete article. Yes, I've done that but a quick explanition of how you understand it will be fine for starters. :D	B.M. (505)
1303383	2012-09-26 10:01:00	Yes, I've done that but a quick explanition of how you understand it will be fine for starters. :D The way I see it is the bail out of the big Wall Street boys stopped the total melt down and the same thing happened here but I can't help but think there were some dirty games being played when SCF and Hibbard were put under statutory management.	mikebartnz (21)
1303384	2012-09-26 21:18:00	The way I see it is the bail out of the big Wall Street boys stopped the total melt down and the same thing happened here but I can't help but think there were some dirty games being played when SCF and Hibbard were put under statutory management. So you're saying the Banks bailed out the Credit Card companies and the Taxpayer bailed out the Banks. Thought as much, the Taxpayer paid. :groan: Anyway, I have seen it all explained thus: ;) Young Paddy bought a donkey from a farmer for £100. The farmer agreed to deliver the donkey the next day... The next day he drove up and said, 'Sorry son, but I have some bad news. The donkey's died.' Paddy replied, 'Well then just give me my money back.' The farmer said, 'Can't do that. I've already spent it.' Paddy said, 'OK, then, just bring me the dead donkey.' The farmer asked, 'What are you going to do with him?' Paddy said, 'I'm going to raffle him off.' The farmer said, 'You can't raffle a dead donkey!' Paddy said, 'Sure I can. Watch me. I just won't tell anybody he's dead.' A month later, the farmer met up with Paddy and asked, 'What happened with that dead donkey?' Paddy said, 'I raffled him off. I sold 500 tickets at two pounds a piece and made a profit of £898' The farmer said, 'Didn't anyone complain?' Paddy said, “Just the guy who won. So I gave him his two pounds back.” Paddy now works for the Royal Bank of Scotland. ;)	B.M. (505)
1303385	2012-09-26 22:11:00	There is an endless supply of such articles, all purporting to see the answer. All that is clear to me is that the top boys seem to be above the law. But as Wal says, it could be my fault.	Cicero (40)
1303386	2012-09-26 22:28:00	There is an endless supply of such articles, all purporting to see the answer. All that is clear to me is that the top boys seem to be above the law. But as Wal says, it could be my fault. Dont worry Cic, 6 months in a white collar with conjugal visits or even home detention , you will be fine ;)	Gobe1 (6290)
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