On Apr 1, 12:05 pm, Benway <captai...@[EMAIL PROTECTED]
> wrote:
> kangarooistan wrote:
> > On Apr 1, 7:32 am, Benway <captai...@[EMAIL PROTECTED]
> wrote:
> > > kangarooistan wrote:
> > > > On Mar 31, 7:56 pm, Benway <captai...@[EMAIL PROTECTED]
> wrote:
> > > > > kangarooistan wrote:
> > > > > >http://www.abc.net.au/4corners/
>
> > > > > > Debtland , Australians bleeding to death for Israel ?
>
> > > > > >www.costofwar.com
>
> > > > > > kanga
> > > > > > =====
>
> > > > > > Re****ter: Stephen Long
>
> > > > > > Broadcast: 31/03/2008
>
> > > > > > Mortgages doled out to people on disability sup****t pensions;
loans to
> > > > > > refugees with no English and no jobs that leave their families
with
> > > > > > next to nothing to live on; home loans so large they push
borrowers
> > > > > > below the poverty line...
>
> > > > > > This isn't America's sub-prime meltdown - it's Australia's
debt
> > > > > > debacle, the legacy of a credit binge that's sent household
debt
> > > > > > through the roof and lending standards through the floor. Now
the
> > > > > > hangover is kicking in.
>
> > > > > > As many as 300,000 Australian households may be at risk of
losing
> > > > > > their homes. It mightn't take much - another rate rise or two,
a
> > > > > > family illness or maybe just the car breaking down - to send
people
> > > > > > under. And for thousands more who are better off but feeling
the
> > > > > > pressure, this credit crisis is getting too close to home.
>
> > > > > > Dianne and her family are frontline casualties. Their home is
being
> > > > > > repossessed after constant refinancing landed them with two
mortgages,
> > > > > > one at 10 per cent and another - on terms they didn't
understand - at
> > > > > > 20 per cent.
>
> > > > > > Four Corners meets them as they despairingly pack their
belongings and
> > > > > > give up the keys. Why did they take out loan after loan?
"Because they
> > > > > > keep giving them to us," is Dianne's blunt reply.
>
> > > > > > It's not just fringe lenders but also big banks which have
pushed
> > > > > > unaffordable credit. "We lent to whoever we could and as much
money as
> > > > > > they wanted," admits a former bank credit salesman.
>
> > > > > > Four Corners reveals how one major bank dished out
unsustainable loans
> > > > > > to numerous refugee families in one area. Some had no English
and no
> > > > > > job. In one such transaction a nine-year-old girl acted as
> > > > > > interpreter. Elsewhere a disabled pensioner tells how her
welfare
> > > > > > cheque and small part time wage were enough for another bank
to lend
> > > > > > her $200,000. She is now in penury.
>
> > > > > > These cases exemplify how lending standards have slackened.
Not long
> > > > > > ago the rule of thumb was that mortgage payments should not
exceed 30
> > > > > > per cent of gross household income. Now lenders leave
borrowers
> > > > > > teetering on the poverty line.
>
> > > > > > Mortgage stress is compounded by plastic debt. "The banks are
just
> > > > > > handing out money on credit cards like there's no tomorrow...
It's quite
> > > > > > terrifying to think that the average household... now has
three months
> > > > > > of their disposable income on a credit card balance," says one
> > > > > > analyst.
>
> > > > > > All the rage now are store-branded cards offering in-house
credit with
> > > > > > zero to pay for several years - then, typically, puni****ng
interest
> > > > > > takes effect. More than 10,000 stores offer these cards and
many
> > > > > > shoppers have several of them - but behind nearly all of them
is one
> > > > > > global financial colossus.
>
> > > > > > Many Australians have gone deep into the red to fund a
newfound love
> > > > > > affair with the stock market. The amount they have borrowed to
buy
> > > > > > shares now equals the total they have racked up in credit card
debt.
> > > > > > And as Four Corners discovers, when the market plunges and a
margin
> > > > > > call comes, some people are just reaching for the plastic...
>
> > > > > > Re****ter Stephen Long surveys the human wreckage of the
household debt
> > > > > > crunch and looks at the key players and tactics behind recent
> > > > > > aggressive lending. Long's disturbing re****t also throws doubt
over
> > > > > > the data that banks rely on to make crucial lending decisions.
>
> > > > > > "Debtland" - 8.30 pm Monday 31 March, on ABC1.
>
> > > > > > This program will be repeated about 11.35 pm Tuesday 1 April;
also on
> > > > > > ABC2 at 8 am Tuesday.
> > > > > > Feedback
>
> > > > > > Have your say in the Four Corners guestbook.
> > > > > > Tip Offs
>
> > > > > > If you have information relevant to this story, we'd like to
hear
> > > > > > about it.
> > > > > > ABC Online Home
>
> > > > > *********************************************
> > > > > This is the Howard/Costello "prosperity" - debt!
> > > > > *********************************************
>
> > > > Hi Benway
>
> > > > I live about half way between a major retail store offering no
> > > > interest no deposit no repayment goods for sale on credit
>
> > > > AND a big pawn shop
>
> > > > You can see daily people carry stuff from the store straight into
the
> > > > pawn shop to sell for cash , still in the box , pawned for
perhaps
> > > > 10% of what they just bought on credit
>
> > > > sad
>
> > > > kanga
> > > > =====
>
> > > ************************************
> > > Kanga, if that is what it seems to be,
> > > we are seeing an awful price being
> > > paid for crazy John's piss-up.
> > > ***************************
>
> > Howard was a traitor , and a war criminal
>
> > But yes Benway , I know if you put a TV news crew outside the local
> > big store outlets , that are offering no deposit no repayment for 4
> > years , you can DAILY see people walk from the counter at the mega
> > store straight into the " big Pawn shop " and sell stuff they just
> > bought , for a pittance , these are white people , desperate for
> > twenty dollars , willing to do almost anything to get it
>
> > its probably worse in big cities
>
> > The western capitalist system is finished
>
> > the wars were supposed to save western economies that were about to
> > fall over in 2001 when the CIA and Mossad carried out 9/11 , and
> > banks started this crazy lending to try and stall the collapse
>
> > they juggled the books for 5 years , but they can no longer keep
> > revaluing up asset values to hide their bankrupt shells
>
> >www.costofwar.com
>
> > Did you watch the 4 corners program , it repeats later today I think
>
> > I suspect the right wing pollys are glad they got out before the
> > collapse started
>
> > kanga
> > =====
>
..
> *******************
> I shot my last TV set,
> (One of the best things
> I ever did!) because I kept
> on seeing awful little Johnny
> and his stooges, retarded
> s****ts drivel, bull**** news,
> and ads designed for retards.
>
> And yes, the carpetbaggers
> knew what was coming and have
> left the scene with their
> heaps of stolen plunder.
> ********************
How can you watch Lee Lin Chin reading the news without a TV ???
And Docos about camels
Its easy to use a remote to change channels when the war criminals are
on spreading their lies and propaganda
I use the TV to find out the truth , listen to Howard and Bush and
reverse it
OR listen to them and know who really did 9/11
Its easy once you work out who tells lies , you can tell when they are
pu****ng hard on something its possible to reverse engineer the news to
work out whats really going on , we know Howard can never tell the
truth and always attacks those who try and tell the truth
We can go back decades and discover who was telling the truth many
years ago and KNOW when they open their mouths today we KNOW they are
telling more LIES
Thats why I used to get my news papers from IRAN , they always told
the truth that western newspapers re****ted as lies
Today all we need do is compare what their track record has been over
the last 150 years of mass media , its clear western news is almost
100% propaganda and LIES
but a TV is im****tant mate
Do you really have no TV
I know I throw stuff at my TV when Howard and bush are on telling MORE
lies , but its how I can tell what the truth is , simply reverse every
thing they say
and Im not sure if life would be worth living without seeing lee lin
chin
Ill tolerate a bit of the little lying rodent
kanga
=====
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