Comments on: SMEs and the banks http://www.primalsneeze.com/2008/11/24/smes-and-the-banks/ Noli nothis permittere te terere Mon, 08 Feb 2010 06:24:46 +0000 http://wordpress.org/?v=abc hourly 1 By: Primal Sneeze http://www.primalsneeze.com/2008/11/24/smes-and-the-banks/comment-page-1/#comment-6432 Primal Sneeze Sat, 29 Nov 2008 07:28:31 +0000 http://www.primalsneeze.com/?p=689#comment-6432 <a href='#comment-6429' rel="nofollow">@Gayé</a> - That saying is a wise one. Houses are a drain. They just bleed you dry.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('6432','Primal Sneeze'); return false;">Reply</a> </div> @Gayé – That saying is a wise one. Houses are a drain. They just bleed you dry.
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]]> By: Gaye http://www.primalsneeze.com/2008/11/24/smes-and-the-banks/comment-page-1/#comment-6429 Gaye Thu, 27 Nov 2008 21:35:11 +0000 http://www.primalsneeze.com/?p=689#comment-6429 In Turkish we have a saying that translates as: You have a house? You have problems... I never really understood this, why having a house would ever present any problems. The incredible greed of the banks encouraged by the greedy other financial instituations and even greedier governments, seems you have the perfect concoction for trouble. It doesn't only affect the homeowners or homeowner wannabes but it affects, very adversely, those who just want to rent....<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('6429','Gaye'); return false;">Reply</a> </div> In Turkish we have a saying that translates as: You have a house? You have problems… I never really understood this, why having a house would ever present any problems.
The incredible greed of the banks encouraged by the greedy other financial instituations and even greedier governments, seems you have the perfect concoction for trouble.
It doesn’t only affect the homeowners or homeowner wannabes but it affects, very adversely, those who just want to rent….
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]]> By: Primal Sneeze http://www.primalsneeze.com/2008/11/24/smes-and-the-banks/comment-page-1/#comment-6418 Primal Sneeze Tue, 25 Nov 2008 18:47:58 +0000 http://www.primalsneeze.com/?p=689#comment-6418 <a href='#comment-6414' rel="nofollow">@Conortje</a> - You just need to send me your bank details. PayPal account information and credit card numbers as well ... just in case. <a href='#comment-6415' rel="nofollow">@Caro</a> - Really? I wouldn't know. I never read my own posts. <a href='#comment-6416' rel="nofollow">@Sniffle&Cry</a> - Haste <u>is</u> needed. But not toward where Cowen & co. are rushing. The HSE is at the bottom of the priority list. As is education. As are other other services that can regenerate the economy in 'real' ways, not the 'pretend' economy of inflated property prices and bank-gambling*. And no worries - rant away. * Shorts; longs; derivatives; hedging; gambling-with-other-people's-money etc. <a href='#comment-6417' rel="nofollow">@Conan Drumm</a> - I'd let her pullet any day. 'Affordable' houses are now dearer than those on the open market. I mean, huh! How'd that happen? Developers overpricing and banks turning a blind eye to get back loans from the developers and more interest from buyers, that's how. This government keep telling us we do not understand how severe the situation is. Well, we do. Better than they. We are the ones affected. This time last year I knew no one unemployed. Now I know many. Too many. And will know more.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('6418','Primal Sneeze'); return false;">Reply</a> </div> @Conortje – You just need to send me your bank details. PayPal account information and credit card numbers as well … just in case.

@Caro – Really? I wouldn’t know. I never read my own posts.

@Sniffle&Cry – Haste is needed. But not toward where Cowen & co. are rushing.

The HSE is at the bottom of the priority list. As is education. As are other other services that can regenerate the economy in ‘real’ ways, not the ‘pretend’ economy of inflated property prices and bank-gambling*.

And no worries – rant away.

* Shorts; longs; derivatives; hedging; gambling-with-other-people’s-money etc.

@Conan Drumm – I’d let her pullet any day.

‘Affordable’ houses are now dearer than those on the open market. I mean, huh! How’d that happen? Developers overpricing and banks turning a blind eye to get back loans from the developers and more interest from buyers, that’s how.

This government keep telling us we do not understand how severe the situation is. Well, we do. Better than they. We are the ones affected. This time last year I knew no one unemployed. Now I know many. Too many. And will know more.

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]]> By: Conan Drumm http://www.primalsneeze.com/2008/11/24/smes-and-the-banks/comment-page-1/#comment-6417 Conan Drumm Tue, 25 Nov 2008 14:04:42 +0000 http://www.primalsneeze.com/?p=689#comment-6417 Aren't you the terror, altogether. Tell us more about "the hot chick over the road", is she a bit of a pullet? My limited understanding of this whole mess is based on the idea that building sites - speculative, prospective, partially built or completed are all hugely overvalued. As is all the property on which mortgages have been given between 2004 and 2008. The banks lent against the notional value of all of this property despite all the voices who have been shouting 'negative equity!' for the last four years. Meantime, because of prices, local authorities have been unable to acquire land on which to build social housing. There are people waiting 10 years for social housing around the country. The 'affordable' housing scheme was rendered toothless at the developers' behest and with Noel Ahern's bumbling incompetence. I see an opportunity for a solution here. One that houses people who need housing, and will put houses into public ownership at a reasonable cost and without creating poverty ghettos. However, I do not see this government forcing banks and speculators to bite this bullet, even though they are responsible for the mess we are in. Cowen and Lenihan would rather protect those interests at considerable negative cost and risk to the Irish Exchequer.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('6417','Conan Drumm'); return false;">Reply</a> </div> Aren’t you the terror, altogether. Tell us more about “the hot chick over the road”, is she a bit of a pullet?
My limited understanding of this whole mess is based on the idea that building sites – speculative, prospective, partially built or completed are all hugely overvalued. As is all the property on which mortgages have been given between 2004 and 2008. The banks lent against the notional value of all of this property despite all the voices who have been shouting ‘negative equity!’ for the last four years.
Meantime, because of prices, local authorities have been unable to acquire land on which to build social housing. There are people waiting 10 years for social housing around the country. The ‘affordable’ housing scheme was rendered toothless at the developers’ behest and with Noel Ahern’s bumbling incompetence.
I see an opportunity for a solution here. One that houses people who need housing, and will put houses into public ownership at a reasonable cost and without creating poverty ghettos.
However, I do not see this government forcing banks and speculators to bite this bullet, even though they are responsible for the mess we are in. Cowen and Lenihan would rather protect those interests at considerable negative cost and risk to the Irish Exchequer.
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]]> By: Sniffle&Cry http://www.primalsneeze.com/2008/11/24/smes-and-the-banks/comment-page-1/#comment-6416 Sniffle&Cry Tue, 25 Nov 2008 11:37:09 +0000 http://www.primalsneeze.com/?p=689#comment-6416 Ju know what makes me vomit Mr. Sneeze? It’s the haste, the mad panic and emergency, it’s the rush by Lenihan and Cowan and the other talking heads to fix this financial crisis and to help the banks. To guarantee and gift the nation’s taxes to these money launderers, sorry, money lenders. ( and Bertie is back in the picture again, dear God ) But for a substantive plan to address the HSE or other public service departments, for a root and branch review to address the headcount and budget. Absolutely fucking nothing. This government is a disgrace. Nice posting Mr Sneeze ( and thanks for facilitating the rant)<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('6416','Sniffle&Cry'); return false;">Reply</a> </div> Ju know what makes me vomit Mr. Sneeze? It’s the haste, the mad panic and emergency, it’s the rush by Lenihan and Cowan and the other talking heads to fix this financial crisis and to help the banks. To guarantee and gift the nation’s taxes to these money launderers, sorry, money lenders. ( and Bertie is back in the picture again, dear God )

But for a substantive plan to address the HSE or other public service departments, for a root and branch review to address the headcount and budget.
Absolutely fucking nothing.

This government is a disgrace.

Nice posting Mr Sneeze ( and thanks for facilitating the rant)

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]]> By: Caro http://www.primalsneeze.com/2008/11/24/smes-and-the-banks/comment-page-1/#comment-6415 Caro Tue, 25 Nov 2008 09:15:22 +0000 http://www.primalsneeze.com/?p=689#comment-6415 Brilliant. Just feckin hilarious.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('6415','Caro'); return false;">Reply</a> </div> Brilliant. Just feckin hilarious.
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]]> By: Conortje http://www.primalsneeze.com/2008/11/24/smes-and-the-banks/comment-page-1/#comment-6414 Conortje Tue, 25 Nov 2008 08:50:37 +0000 http://www.primalsneeze.com/?p=689#comment-6414 I'm still shocked at the thought that one can get paid to comment. How do I arrange this?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('6414','Conortje'); return false;">Reply</a> </div> I’m still shocked at the thought that one can get paid to comment. How do I arrange this?
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]]> By: Primal Sneeze http://www.primalsneeze.com/2008/11/24/smes-and-the-banks/comment-page-1/#comment-6413 Primal Sneeze Tue, 25 Nov 2008 08:32:35 +0000 http://www.primalsneeze.com/?p=689#comment-6413 <a href='#comment-6411' rel="nofollow">@Quickroute</a> - Foreplay? As in "brace yerself, Bridget"? <a href='#comment-6412' rel="nofollow">@Ann</a> - 'Tis indeed. It's great being able to use all the 80s gags again. That's something to thank the recession for.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('6413','Primal Sneeze'); return false;">Reply</a> </div> @Quickroute – Foreplay? As in “brace yerself, Bridget”?

@Ann – ‘Tis indeed. It’s great being able to use all the 80s gags again. That’s something to thank the recession for.

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]]> By: Ann http://www.primalsneeze.com/2008/11/24/smes-and-the-banks/comment-page-1/#comment-6412 Ann Tue, 25 Nov 2008 05:41:01 +0000 http://www.primalsneeze.com/?p=689#comment-6412 <i>It is no wonder that when the Irish pound spilt from sterling in 1979 it was renamed the Punt - it rhymes with bank manager.</i> That right there is classic. Thanks for the laugh.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('6412','Ann'); return false;">Reply</a> </div> It is no wonder that when the Irish pound spilt from sterling in 1979 it was renamed the Punt – it rhymes with bank manager.

That right there is classic. Thanks for the laugh.

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]]> By: Quickroute http://www.primalsneeze.com/2008/11/24/smes-and-the-banks/comment-page-1/#comment-6411 Quickroute Mon, 24 Nov 2008 21:14:12 +0000 http://www.primalsneeze.com/?p=689#comment-6411 Great lead up - better than foreplay<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('6411','Quickroute'); return false;">Reply</a> </div> Great lead up – better than foreplay
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