Tuesday, 24 February 2009

Gordon offers 100% Mortgages

Spotted at Guidos

Gordon Brown, after grabbing the soundbites with "no more 100% Mortgages" actually runs his own 100% Mortgage scheme

Brilliant

Update: Fellow seditionary Bofl points out that the BBC investigated corrupt mortgages 4 years ago

14 comments:

Obnoxio The Clown said...

Holy fuck!

Is there any fucking thing that this shower of shit will not do to help the feckless fuckwit?

Mark Wadsworth said...

And he's lending us our own money!

bofl said...

anti- brown bullshit early warning system......

from pravda itself:

http://news.bbc.co.uk/1/hi/business/3478635.stm

ps
sure the banks have fucked up........

but the whole of the economy has been fucked by the mental one eyed fool himself!

Rab C. Nesbitt said...

Memo received by Gordo this morning... 'You are invited to a pancake day charity event. We have all the ingredients and equipment, all that we require is a tosser'.

defender said...

Mark, thats how Madeoff and Stan the cricket fan does it.
Have you not boned up on how a ponzi scheme works? Shame on you.
The only way out is to liquidate your self, put the wife and kids in your bunker and burn your house.
Or stand and fight, you might need some mates for back up, not the gobbie ones who just give it large and run when most needed.
I am going to have a crack on this ponzi lark, do my own Quantitive easing on my printer and set up a bank. Bank of Defender, borrow your money to lend to someone else then tell you to fuck off when you want it back. People are thick enough these days to fall for it.

Anonymous said...

Has anyone seen Brown recently? has he done the decent thing? Not on your fucking life the cunt.

Gareth said...

So long as house prices kept the wheels of the banking sector greased it all ran reasonably smoothly and no one asked too many questions.

Over the years the Bank of England and the FSA have both spoken out against high levels of debt in the UK. As it wasn't what people wanted to hear it didn't get much attention. Least of all from Chancellor Brown who firmly believes debt = wealth.

The FSA in particular has also quietly warned of problems with banking. It's annual Financial Risk Outlook reports have on occasion mentioned the transfer of risk (from lending) from the banking sector to other sectors. Through securitisation and credit derivatives the banks found a means to produce rubbish and then sell it to someone else. It didn't so much spread the risk as give banks a chance to take more risks and reap the rich rewards.

Much like improvements in car safety can lead drivers to take more risks - racing drivers can get away with crashing into each other as they have roll cages, 6 point harnesses and crash helmets but they wouldn't get away with it in a road car.

sixtypoundsaweekcleaner said...

I saw on the news last night that the Prime Sinister visited my very own city yesterday. Yikes! Begora! I do believe he is jinxed and brings a curse with him, wherever he goes! I watch with baited breath to see which firms go into liquidation with massive job losses...

The Penguin said...

Golden brown eyeball of glass
Lays me down fucks me up the arse
Throughout the night
No chance to fight
Never a frown from golden brown

Every thrust just like the last
On his ship tied to the mast
To distant lands
Takes both my hands
Never a frown from golden brown

Golden brown swallow it down
Dont let him know you think he's a clown
Then you can spit
Mandelson's shit
Never a frown from golden brown

Never a frown
From golden brown
Never a frown
From golden brown

The Penguin.

Goodnight Vienna said...

o/t but has everyone seen this? It's given me the best laugh so far today:

Straw's email hacked

The Penguin said...

Jack "Slippery Weasel" Straw was facing some embarrassment last night as it emerged that his e-mail account had been hacked by fraudsters who sent thousands of messages to his constituents and friends and staff asking them to help poor Jack out of a little difficulty.

The messages claiming to be from the former Home Secretary asked for "soft loans" of £3,000 to enable him to pay his hotel bill and return to the UK after losing his wallet whilst on holiday in Africa.

Luckily, no one was dumb enough to send the fraudsters any money. Instead Hotmail had to close the account because of the huge number of replies along the lines of "Fucking Stay There And Starve You Cunt!"

The Penguin.

Anonymous said...

Lets face it, many otherwise intelligent people thought the continual climb of house prices into the stratosphere was a good thing (for them anyway), now in the cold light of day a £300K city centre flat and a £70k south coast beach hut look a bit silly.

Let the whole lot tumble down, rescuing people from their own greed and stupidity is not the way forward. If you want to invest look elsewhere, homes are for living in.

Anonymous said...

The BBC also did a programme in 2003 where they secretly filmed estate agents and financial advisors coaching punters on how to lie their way to a bigger mortgage, all on the same London street as I remember, so it would be reasonable to expect this practise was widespread.

Was any action taken to stop this? Don't be silly.

Mitch said...

Gordon fukwit brown and the bankers have done to the UK what Barrymore and co did to that Lubbock bloke.

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