If it wasn't so devasting for ordinary people whose homes & savings are threatened
you'd have to laugh at all those who thought the markets would continue to rise forever and that cash would always be available to fund further investment - especially in a not particularly well understood market like credit derivatives.
Next time you're interviewing - ask what procedures are in place to handle a default on even just one of their underlyings. I'm willing to bet there are practically zero.
Posted By: BerlinCanary on April 1st 2008 at 10:57:30
Message Thread
- For anyone who wants a mortgage this year....a shock awaits (General Chat) - Stoopish, Apr 1, 10:01:41
- My Mortgage is with Northern ROck!!!!! (General Chat) - DiscoDaleGordon, Apr 1, 10:06:46
- will if you get booted out (General Chat) - SCC 28, Apr 1, 10:10:31
- Bit of a way to travel to work though (n/m) (General Chat) - DiscoDaleGordon, Apr 1, 10:14:55
- will if you get booted out (General Chat) - SCC 28, Apr 1, 10:10:31
- Hanging on to our Woolwich tracker (BBBE+0.75%) (General Chat) - Partial Angler, Apr 1, 10:04:28
- c'mon house prices, start your crashing now please (n/m) (General Chat) - blindasabat, Apr 1, 10:04:15
- ones in Kent have crashed already (n/m) (General Chat) - pants, Apr 1, 10:51:52
- only 5 people dead (General Chat) - blindasabat, Apr 1, 10:57:02
- blub (n/m) (General Chat) - pants, Apr 1, 10:59:17
- read it again Mr Undergarments (n/m) (General Chat) - blindasabat, Apr 1, 11:04:07
- not really worth making a fuss about either (n/m) (General Chat) - pants, Apr 1, 11:07:25
- read it again Mr Undergarments (n/m) (General Chat) - blindasabat, Apr 1, 11:04:07
- blub (n/m) (General Chat) - pants, Apr 1, 10:59:17
- only 5 people dead (General Chat) - blindasabat, Apr 1, 10:57:02
- probably looking at a 5-10% fall by 2009 (n/m) (General Chat) - Stoopish, Apr 1, 10:06:32
- where you live makes a differece. Here i'm looking at 5-10% rise by 2009 (n/m) (General Chat) - Dirty Delia, Apr 1, 10:11:41
- Perhaps you should talking about it on here and just become chief economist at some....... (General Chat) - Johnny Comecardiff, Apr 1, 10:11:31
- Haha! Cracking arrows (n/m) (General Chat) - Brom, Apr 1, 10:14:17
- hardly (General Chat) - Stoopish, Apr 1, 10:17:23
- Is Northern Rock a sinking ship? (n/m) (General Chat) - pants, Apr 1, 10:43:16
- Wouldn't say we debated exactly (General Chat) - BerlinCanary, Apr 1, 10:39:03
- indeedy (General Chat) - Stoopish, Apr 1, 10:44:11
- If it wasn't so devasting for ordinary people whose homes & savings are threatened (General Chat) - BerlinCanary, Apr 1, 10:57:30
- indeedy (General Chat) - Stoopish, Apr 1, 10:44:11
- hardly (General Chat) - Stoopish, Apr 1, 10:17:23
- what job? I've been in finance for 3 years? (n/m) (General Chat) - Stoopish, Apr 1, 10:12:39
- and it shows (General Chat) - blindasabat, Apr 1, 10:48:34
- :) Right, work calls - chaireo (n/m) (General Chat) - Stoopish, Apr 1, 10:56:12
- and it shows (General Chat) - blindasabat, Apr 1, 10:48:34
- Missing a stop in the title. (General Chat) - Johnny Comecardiff, Apr 1, 10:12:19
- Haha! Cracking arrows (n/m) (General Chat) - Brom, Apr 1, 10:14:17
- ones in Kent have crashed already (n/m) (General Chat) - pants, Apr 1, 10:51:52
- My Mortgage is with Northern ROck!!!!! (General Chat) - DiscoDaleGordon, Apr 1, 10:06:46
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