Epstein

Stirlingsays said:
Wasn't he arguing, quite rightly, that the 2008 crash was down to subprime mortgages given out to the credit poor due to Clinton's changing of the bank regulations in the 90s? (something that the media mostly hid when distributing blame).

The WEF 'you will own nothing' is on a whole different scale.

That isn't about whether you can afford the repayments on a home or not (something that most financial institutions handled fine before politics got involved), it's about not giving you the option of ownership.
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the sub-prime market will always be there as some people have lower credit ratings etc. To cover the greater risk they are usually loaned a lower % and at a higher interest rate. This is no different today.

The 2008 sub-prime crash partly/mainly (??) happened because these individual mortgages were bundled together and sold on as CDOs (Collateralized Debt Obligations) at much lower risk values than the sum of parts.

Therefore, when interest rates started to rise and default on payments started these lower risk products were anything but.

To compound the problems banks were allowed to take on too more risk due to reduced oversight so essentially it became a house of cards.

I don't think Epstein is referring to this.
 
NMPalace said:
the sub-prime market will always be there as some people have lower credit ratings etc. To cover the greater risk they are usually loaned a lower % and at a higher interest rate. This is no different today.

The 2008 sub-prime crash partly/mainly (??) happened because these individual mortgages were bundled together and sold on as CDOs (Collateralized Debt Obligations) at much lower risk values than the sum of parts.

Therefore, when interest rates started to rise and default on payments started these lower risk products were anything but.

To compound the problems banks were allowed to take on too more risk due to reduced oversight so essentially it became a house of cards.

I don't think Epstein is referring to this.
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What he's referring to are the changes Clinton made to bank regulations on mortgages being offered to people with lower credit scores that were not possible before Clinton.

The devices that the banks used to package these subprime products is immaterial because, while you call them lower risk, the reality of the outcomes was that they were......as described in the 'Big Short'.....'sh1t'.

What a shock, most of the people previously judged as bad credit risks ended up not paying back their loans as soon as interest rose (as will eventually happen).......A complete failure of common sense and the western financial system just so Clinton could get a few more minority votes.

When the time came their performances broke the financial sector.....and banks failed, and the system only survived on the back of taxpayer funded baleouts.......as the movie showed.
 
The Big Short.....is a fantastic movie. My favourite part is when the Trader fella realised that there was a property bubble after meeting a hooeeer dancing at a go-go bar and she explained how she nominally 'owned' 5 or 10 houses, all bought on soft credit.

anyhoo...............Epstein.

Looks like shyte magician David Blane has now been implicated. For certain many little fish are getting implicated. Do you think there are any whales that have been hidden from the spotlight ?
 
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PalazioVecchio said:
The Big Short.....is a fantastic movie. My favourite part is when the Trader fella realised that there was a property bubble after meeting a hooeeer dancing at a go-go bar and she explained how she nominally 'owned' 5 or 10 houses, all bought on soft credit.

anyhoo...............Epstein.

Looks like shyte magician David Blane has now been implicated. For certain many little fish are getting implicated. Do you think there are any whales that have been hidden from the spotlight ?
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It's an octopus's garden.
 
PalazioVecchio said:
Looks like shyte magician David Blane has now been implicated. For certain many little fish are getting implicated. Do you think there are any whales that have been hidden from the spotlight ?
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Absolutely.
Some will be such 'beyond reproach' figures that it would cause upset to even mention their names.

But if anyone has been keeping score since 2020, I make it about 76-0 to the conspiracy theorists.
 
I think the victims I saw on the news last night, need to be recording some kind of testimony and naming people, places and times. A bit like Virginia Guiffe and her book, so there's something tangible for the authorities to investigate and corroborate, or bin.
 
In 1992, Sinéad O'Connor denounced a network of pedophiles and their protectors. She was a victim herself, and in protest she tore up a photo of John Paul II, which ended her career. Now a photo is circulating of John Paul II giving Epstein his blessing. She was right all along.
 
Stirlingsays said:
What he's referring to are the changes Clinton made to bank regulations on mortgages being offered to people with lower credit scores that were not possible before Clinton.

The devices that the banks used to package these subprime products is immaterial because, while you call them lower risk, the reality of the outcomes was that they were......as described in the 'Big Short'.....'sh1t'.

What a shock, most of the people previously judged as bad credit risks ended up not paying back their loans as soon as interest rose (as will eventually happen).......A complete failure of common sense and the western financial system just so Clinton could get a few more minority votes.

When the time came their performances broke the financial sector.....and banks failed, and the system only survived on the back of taxpayer funded baleouts.......as the movie showed.
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From memory - I think I am right in this - American mortgage holders can just hand back the keys and walk away if they don't pay. That is, the debt is not pursued, whereas here the mortgage borrowers are still personally liable for the debt and the bank can pursue them for repayment form other assets etc. The US banking system would therefore be more unstable than the UK one in these circumstances.
 
You give a man enough rope, and he will hang himself......or at least he will hang his own reputation.
I am finding it unorthodox for the BBC-Youtube to leave the comments-section open. Has somebody very senior decided to sacrifice Andrew ? to placate the Publicity Gods ?

this link is box office.

 
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Common Sense Club said:
From memory - I think I am right in this - American mortgage holders can just hand back the keys and walk away if they don't pay. That is, the debt is not pursued, whereas here the mortgage borrowers are still personally liable for the debt and the bank can pursue them for repayment form other assets etc. The US banking system would therefore be more unstable than the UK one in these circumstances.
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Over here it used to be 11 years and a day then the debt and chase ends.
I read a story that some couple got back on their feet about 7 years after a repossession. Negative equity left behind and they got found and taken to court and had to sell and pay back what they owed. The article mentioned the 11 year rule.
I got re poed and 11 years 3 months later bought a property. No come back.
Moral is if you get re poed don’t show off and keep your head down as people are hired to find you !!!
 
cryrst said:
Over here it used to be 11 years and a day then the debt and chase ends.
I read a story that some couple got back on their feet about 7 years after a repossession. Negative equity left behind and they got found and taken to court and had to sell and pay back what they owed. The article mentioned the 11 year rule.
I got re poed and 11 years 3 months later bought a property. No come back.
Moral is if you get re poed don’t show off and keep your head down as people are hired to find you !!!
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what the fv.ck has all that got to do with Epstein ?
 
PalazioVecchio said:
You give a man enough rope, and he will hang himself......or at least he will hang his own reputation.
I am finding it unorthodox for the BBC-Youtube to leave the comments-section open. Has somebody very senior decided to sacrifice Andrew ? to placate the Publicity Gods ?

this link is box office.

Click to expand...

Emily Mathis's one and only TV appearance as the 'goody'.

Never trust anything the Beeb do. Maybe this allows people to focus their anger on someone.
It gives Mandelson, Branson, Brown and others a reprieve.
 
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