"Sir John Howard" <pmjwhowardj@[EMAIL PROTECTED]
> wrote in message
news:983a0eb6-6d71-4e95-ad93-b2cdc6eca6e8@[EMAIL PROTECTED]
> Sir John Howard wrote:
>
>> Anybody remember this kook -
>>
>> http://www.guardian.co.uk/notesandqueries/query/0,5753,-2565,00.html
>> http://en.wikipedia.org/wiki/Laszlo_Toth
>>
>> Hmm ... Mad Hungarian, geologist. Hey! He's the love child of the mad
>> Magyar, budaPEST, and Turdcard! ha ha ha!
>
> I see the budaPEST got mad as hell over that one. Seems he can't
> handle the truth! ha ha ha!
The kooky lberals are going down? This is all the leading kook's namesake
can come up with at a time when we need some good economic and financial
nous and policies.
Dickhead wants to discuss calling certain segments of our nation kooks on
the strength of one guy.
One has to wonder, do these care only for their wealth and try to turn
attention away from the mismanagement that has turned a healthy ****tion of
our population into fearing for their homes, living and children.
The unhealthy aspects of credit cards that can be manipulated at will by
banks to cover their own losses whether they are at fault, or simply to
increase their profit.
AND HE WANTS US TO WORRY ABOUT ON MAD HUNGARIAN. WE ARE WORRIED ABOUT A
BUNCH OF MAD LIBERALS.
This morning I read a heart-rending testimonial on The Finance Forums,
a US-based finance messageboard, where someone complains about how
their already tenuous debt problem is being exacerbated by parasitic
credit card charges.
Simply titled Need to Vent, the un-named woman describes how - without
warning - her credit card interest rate was suddenly raised, and her
credit ceiling was reduced to below her current debt.
The result?
A series of unwelcome administrative charges for being above her
limit, and a punitive interest rate charged to someone who cannot
afford it:
In many of the nation's cities, towns and smaller communities,
Stockton-like scenarios are playing out. Banks are busy auctioning off
houses at "fire sale" prices.
BIBA, which is actually supposed to regulate the banking sector,
almost predictably came to the sup****t of Egg, indicating that indeed
the company was protecting their business model - without coming out
straight and stating that consumers with debt are a favourite target
for profiteering.
Ultimately, UK consumers have better protections and choice - the OFT
is already taking banks to court over banking charges, and Egg
customers can move elsewhere.
The situation in the USA is not so good, though.
And the news keeps growing worse. Once proud banking titans Merrill
Lynch and Citigroup had to look to investments from Asian and Middle
Eastern governments (through "Sovereign-Wealth Funds") to shore up
their balance sheets. They were rescued by life-saving injections of
$6.6 billion and $14.5 billion, respectively. European banks have also
been affected, as Swiss, German, French and British banks have
suffered billions of dollars in losses.
The losses are not confined to banks alone. One of the world's largest
insurance companies, American International Group, recently re****ted
losses from the mortgage crisis of up to $5 billion--up from a previous
estimate of $2 billion.
British credit card frauds in which numbers of such cards have been
skimmed, cloned and misused to steal money all over the world have
increased alarmingly as means to fund terrorism charged a United Kingdom
parliamentarian and Police.
Andrew Selous, a Conservative Party MP told the House of Commons
recently that
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