Posts by John Smith 19

"If the market had been allowed to play out its course after 2008,

all of the bad banks would have gone bust "

True.

I always liked Georg Soros's line that "Capitalism without bankruptcy is like religion without Hell."

Where does this "Banks are special" BS come from (apart from banks)?

They are businesses and IRL businesses sometimes fail. Their staff get fired and their assets get sold off to someone(s) else. It's sad, but it's life.

My personal suspicion was a real auction would have disclosed just how much of their supposed "assets" were CDO's or similar instruments and that 95% of their "yield" were expected to come from the the mortage repayments of John and Jane Q Crackhead of "Rundown Sh**hole, USA"

Who turn out to be having some issues keeping up the payments.

But be under no illusions this s**t would not have been possible without the active collusion of the so called "rating" agencies who rated an insturment 5%gold/95% s**t as good as one 95%gold/5% s**t.

For them it's still BAU.

" He also thought that his users are "dumb fucks"

Is he wrong?

Facebook customers ¬= Facebook users.

Despite that most of them still don't seem to get this.

The "funds from Europe to Britain" are important only for a few people -

That depends on what you mean by "A few"

A few farmers?

The Agriculture & Horticulture Development board did an impact assessment. Under all scenarios most of British farming is f**ked. Only pig (and in some cases poultry) farmers prosper. Sheep, cattle, dairy and barley get a serious kicking unless HMG replaces the whole CAP en block.

Which means unless the the UK landscape is going to change a lot for anyone using the UK countryside as no one is going to be looking after it much. On the upside. Lots of opportunity for building new houses. Wheather or not they will be any more affordable is another matter.

UK universities got £8bn from the EU while the UK contributed £5Bn over the same years for science research. That's all going away, along with any EU money for startup spun out of the research.

Re: Regulation is badly needed - Steps: 1-3 #4

#4 Never trust anyone who offers "simple" solutions to complex problems

Can we bring back hanging..hang the people who conned..into voting Brexit?

Well given Gauleiter May's desire not to accountable to the ECJ yes you could.

But.

Have you never heard the expression "Turkeys don't vote for Christmas" ?*

Although I'm sure JRM would find a traditional British hanging so much better than those nasty Continental firing squads, or the rather clinical IE non traditional lethal injection.

"will leave us alone..we can be as insular and xenephobic as we always apparently wanted to be."

Well, 52% of those who bothered to vote.

As for the rest?

Have a slice of BoJo-Cake!

Indeed.*

You can eat as much as you like. The cake never gets smaller and you won't get fat.*

*Some of these statements may not be entirely true.

"Is Trump against NASA looking inwards incase they spot his brothers,"

No of course not. That's an absurd idea.

OTOH an overhead shot would show conclusive evidence of comb over at work.*

*Or "Super Bobby Charlton" to British readers of a certain age.

$185.09 to $169.15, (about a 9% fall)

Zuckerberg: Do I look bothered? Is this my bothered face? Really?

And rightly so.

He knows people have very short attention spans and are dumb enough to reveal damm near their whole lives to complete strangers on FB in ways that (had they been asked those questions IRL) would have them thinking "WTF, this guy is beyond creepy."

Facebook is an ecosystem. And in an ecosystem there are predators, prey and parasites.

I'll leave others to work out which is which.

Re: Cue upswing in Micro Focus audits...

Are you not confusing them with Computer Associates? *

*Whose account managers used to be called "Contract Negotiators" for very good reasons.

"Sad to be remembered for being the first to die in an autonomous vehicle accident."

AIUI Both Google and Tesla have run machine driven car programmes.

Yet only Uber manages to kill some one doing it.

The share price has dropped $37billion,

It's a good start.

Probably worth shorting it some more to see if it can be dropped a bit further.

Re: Should be interesting to hear their excuses The one caught red handed?

Or Orange headed?

Just putin' it out there ...

My bad, I see (belatedly) what you did there.

Sitting on a park bench these days can get you killed. Just putin' it out there ...

The question comrade AC, what else have you been putting out there?

Downvoters might want to google "Richard Pearse" for some context first.

Also a certain "Warren Buffet"

"we are not outside the international rules of civilised nations and we don't want to be,""

Except when it comes to the wholesale surveillance of all electronic communications used by a UK subject in the UK of course.

As for these "unexplained wealth" confiscation thinggies how many of those exiles are fiends of 'ol Dobby?

As other commentators have noted some UK financial institutions are deeply in the hole to Russian money and of course post Brexit the UK will need all the "friends" it can get.

Who wouldn't choose now, with the British government in maximum chaos, to administer a little post-departure discipline and remind all currently serving IO's that Dobby does not forgive and he does not forget.