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October 5, 2008 4:00pm by David Farrar

Seen on Wall Street

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Humour
Credit Crisis
Humour

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dad4justice

Look too the sky Mr Banker Wanker.
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October 5, 2008 4:08pm
metcalph

An Optimist on Wall Street is one who irons five shirts on sunday night.
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October 5, 2008 4:11pm
riki

I said on my blog no one has actualy taken their life because of this crash, but now I read a kiwi threw himself at a train in England.

He was a young, well to do family man in finance. He must’ve invested all his money and not kept anything in savings. who would do that?

I now know though why the wealthy and celebrities go broke; they invest to make more.

That’s all it is. But it’s a very closely guarded secret because the media never explain the reason for their financial downfall. The term ‘investments’ is never raised as proven with the downfall of Ed Mcmahon recently. He mysteriously lost millions. How do you lose millions? Had enough for the rest of his life i’m thinking. Wonder if he still got his young wife.
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October 5, 2008 4:22pm
bustedblonde

jeez what have you been doing in the bus. I posted that on Oct 2!
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October 5, 2008 4:53pm
Murray

Reckon.
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October 5, 2008 4:57pm
riki

its called perspective, which I’m sure is different from yours
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October 5, 2008 5:36pm
RRM

This is just “tall poppy syndrome” and those horrible lefties showing their feelings about “rich pricks”. Interesting that it is shown here.

Superb sign though!!
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October 5, 2008 7:56pm
bearhunter

…into this blanket what we are holding and you will be all right.
he jumped, hit the deck, and broke his fguckin neck…there was no blanket.
laugh, we nearly shat…
god i love that song.
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October 5, 2008 8:08pm
petal

Show me an optimist and I’ll show you someone who doesn’t have all the facts.
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October 5, 2008 9:02pm
Michaels

We have cardboard and vivid’s in NZ don’t we??
Why can’t someone hold a similiar sign towards the ninth floor????
Or even towards Winston’s office?
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October 5, 2008 9:04pm
Colonel Masters

The author couldn’t spell “fuckers” ??
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October 5, 2008 9:20pm
Jafa

Funny that billions have been lost here in Finance companies in NZ but not a single street demo. Wonder what it will take before we see signs like this here. Problem is most folks here are the authors of their own misfortune buying way overpriced real estate and investing in dodgy Finance companies.
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October 5, 2008 10:30pm
Pascal

Jafa:

Problem is most folks here are the authors of their own misfortune buying way overpriced real estate and investing in dodgy Finance companies.

Well, I should feel fortunate then that Auntie Helen has kept me and mine so close to the breadline. We cannot afford to invest or even take up Kiwisaver, the cost of any investment would tip our income/expenditure balance over. So … uhm … yippee for Labour keeping people poor? 😉
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October 6, 2008 6:43am
Al-Girta

There will be a regulation against them jumping.
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October 6, 2008 7:24am
kiwipolemicist

This sign causes people to forget who really caused the recession: the government and the Federal Reserve. If the US didn’t have a central bank running the fractional reserve scam they wouldn’t be having a recession. Central banking is a policy straight from the Communist Manifesto, and don’t forget that the current set of bad loans are a result of governmental policy. The enemy is always the State. NZ also has a central bank engaged in fractional reserve banking.

http://www.kiwipolemicist.wordpress.com

If you want to know more about central banking and fractional reserve banking (it’s not as complex as it sounds) go to:
http://mises.org/money.asp
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October 6, 2008 7:40am
Glutaemus Maximus

It’s turned night in the UK, and I fancy a Jump!
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October 6, 2008 8:41am
PhilBest

We can sneer. BUT all the signs are in place that NZ has generated its OWN domestic crash irrespective of what happens in the USA. The evidence continues to accumulate that the crashes being experienced in the UK and Ireland and Europe are actually worse than in the US, and the common deciding factor is the extent to which real estate has been overvalued relative to average income. And guess what: NZ is the worst in the world in that respect.

The USA has had its growth rate shrink from 4.5% per annum to 2.5%. FOO. That’s a crisis that entitles us to crow? With our official RECESSION? With our financial institutions failing at a faster rate than the Yanks ones? But in a way we’re lucky, we aren’t being pushed into panic mode by our media, they’re too busy crowing at the USA and shilling for Helen.

I posted a much lengthier analysis and excerpts from articles on the next thread over, “general debate”, if you’re interested…
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October 6, 2008 10:25am
Glutaemus Maximus

I believe what Cullen said about the robust nature of our economy!

Everything is OK because we can afford clapped out trainsets at 6x value.

It also is fair to say that folks investing in dodgy Finance Companies show how shallow Kiwis can be.

Especially when so many of the Principals of these companies failed before in fraudulent ways.

So where was the regulation from Cullen?
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October 6, 2008 10:30am
PhilBest

“…..I posted a much lengthier analysis and excerpts from articles on the next thread over, “general debate”, if you’re interested….”

SORRY, it might not have appeared yet due to links and moderation……..
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October 6, 2008 10:35am
He-Man

They got greedy and now they are paying the price.
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October 6, 2008 12:40pm
PhilBest

So you’ve completely missed the role played by politics in creating this monster, He-Man? But even so, you are right, there is no greed like that of capitalist cronies and parasites enriching themselves on the back of a regulatory regime and political sponsorship.
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October 6, 2008 1:58pm
He-Man

Phil, the market rules, that is the rule.
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October 6, 2008 2:44pm
Owen McShane

The Centre’s latest Digest includes a paper about the “pressure from the Clinton Administration to expand mortgage loans among low and moderate income people”. So it wasn’t corporate greed but caring govt officials.

IF anyone wants to read the digest email me and I shall send it on.
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October 6, 2008 4:16pm
Jafa

Owen: So it wasn’t corporate greed but caring govt officials.

Don’t forget our current government is going down exactly this route with the shared equity scheme which is another word for subprime debt NZ style. If they cant afford a house, let them rent. You will be doing them a favour by making them wait till they can afford a house without largesse from Aunty Helen. This brainless idea is yet another reason why this mob need to be thrown out of office pronto.
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October 6, 2008 7:38pm

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