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[LaserLance]

Looks like the brown stuff has really hit the fan http://latestnews.virginmedia.com/news/uk/2008/12/15/billions_at_risk_in_banking_fraud . I think we are really gonna pay for this big style But i'm sure some more enlightened people will explain more of this to us (nick and lizzie)

[Markie]

Yep, that will potentiall push the LIBOR rate back up.....)cost of banks borrowing to and from each other)

[Richie London]

i see john major has slaughtered  brown as well today
http://uk.news.yahoo.com/4/20081214/tuk-former-pm-blames-gordon-brown-for-ec-dba1618.html

[Lizzie_Zoom]

Yet another example of greedy people and banks, who should have known better, chasing the smell of large monetary rewards promised by allegedly another greedy, dishonest, individual, Bernard Madoff on Wall Street>  



Bang goes another $50 billion!

[Richie London]

i cant figure out how they get away with it so long withoiut being found out, he only got caught cause he told his family and they grassed him up.

[jereboam]

Yet another example of greedy people and banks, who should have known better, chasing the smell of large monetary rewards promised by allegedly another greedy, dishonest, individual, Bernard Madoff on Wall Street>  



Bang goes another $50 billion!

Greed is what it's all about.  And exceedingly poor judgement.  And the bankers will still get their bonuses!

Bankers! Learn the lesson: if it looks too good to be true, it probably is.

[size=9](Wow - I've agreed with Lizzie twice in two days!)[/size]

[Lizzie_Zoom]

Yet another example of greedy people and banks, who should have known better, chasing the smell of large monetary rewards promised by allegedly another greedy, dishonest, individual, Bernard Madoff on Wall Street>  



Bang goes another $50 billion!

Greed is what it's all about.  And exceedingly poor judgement.  And the bankers will still get their bonuses!

Bankers! Learn the lesson: if it looks too good to be true, it probably is.

[size=9](Wow - I've agreed with Lizzie twice in two days!)[/size]

Watch it Jereboam, you'll end up with a nosebleed!

Actually I think we have agreed more often than not!

[Nickbat]

Looks like the brown stuff has really hit the fan http://latestnews.virginmedia.com/news/uk/2008/12/15/billions_at_risk_in_banking_fraud . I think we are really gonna pay for this big style But i'm sure some more enlightened people will explain more of this to us (nick and lizzie)

Madoff's a self-confessed crook. How the SEC didn't check out his hedge fund is a mystery.

It is lot of money, but at least those that got caught by the scam are identifiable, so I'm not sure it will have a major affect on Libor. The problem with the sub-prime mortgage debt was that no-one knew who had got stuffed and that stopped the banks trusting one another. On this one, they know exactly who got buried.

As for Brown's handling of the crisis, it's looking grimmer by the day. Sterling's going through the floor, we've got an upcoming dire energy shortage and our armed forces are fighting in Afghanistan with equipment that you'd find in a car-boot sale. That doesn't worry Gordon, though. This last week he's been dancing with Lisa Snowden (off Strictly) and telling shopkeepers to put fags under the counter.  

He is currently residing in La-La Land.  

Only a General Election will bring about a recovery, as GB is seen as a lame duck PM.

[STMO123]

I think it's funny as f*ck.

[theolodian]

There's one thing that I find harder to believe than it taking this long to find out, the number of people that lost everything!  

Eggs, basket, one?!?