Greeks Bonds Downgraded To Junk - Beware Labour Voters....

[BLOCK F]

Which Tory shadow minister was that, Tarquin, Rupert or Humprhey?

Perhaps if they had some believable policies then they would be so far ahead in the polls that they would get elected on that basis, especially following an incumbent government that has presided over a severe recession, rather than putting out scare stories about hung parliaments.

A hung Parliament could be very scary for the country.....you might find out soon!!

 

[BLOCK F]

What was it again - a 15 or 20 point poll lead last year? Now the tories are pissing themselves and are reduced to trying to scare the electorate about the possibility of a hung parliament.

A hung Parliament with the current state of the economy may well be very scary....wait and see;you might find out for yourself!

 

[Seagull73]

A hung Parliament with the current state of the economy may well be very scary....wait and see;you might find out for yourself!

You should be a politician, you dodged the fact being made very well...!

 

[User removed 4]

Why should labour voters beware, are they more likely to own Greek government bonds?

No ,labour are less keen on sorting out the deficit, they want to spend money we simply havent got.

 

[1234andcounting]

Would the Standard and Poor's rating agency that is offering its opinion on the position of the Greek economy be the same Standard and Poor's that was rating the financial status of the world's major banks in advance of the current economic crisis, because they (and Moody's and the others) got that spot on, didn't they? I would rather take lessons in English from Paul Merson that trust the ratings agencies to conduct an accurate assessment of any institution's financial position. Oh, and yes, I have sat in on some of their sessions and listened and, reluctantly answered, their fuckwit questions.

 

[severnside gull]

Would the Standard and Poor's rating agency that is offering its opinion on the position of the Greek economy be the same Standard and Poor's that was rating the financial status of the world's major banks in advance of the current economic crisis, because they (and Moody's and the others) got that spot on, didn't they? I would rather take lessons in English from Paul Merson that trust the ratings agencies to conduct an accurate assessment of any institution's financial position. Oh, and yes, I have sat in on some of their sessions and listened and, reluctantly answered, their fuckwit questions.

 

[User removed 4]

Would the Standard and Poor's rating agency that is offering its opinion on the position of the Greek economy be the same Standard and Poor's that was rating the financial status of the world's major banks in advance of the current economic crisis, because they (and Moody's and the others) got that spot on, didn't they? I would rather take lessons in English from Paul Merson that trust the ratings agencies to conduct an accurate assessment of any institution's financial position. Oh, and yes, I have sat in on some of their sessions and listened and, reluctantly answered, their fuckwit questions.

Does your opinion on the greek economy differ from theirs ?

 

[withdeanwombat]

Also, the Tories don't know the full extent of the problem, as they aren't in charge of the treasury etc.

However,you seem to know it all.Why not call up CMD and let him in on your vast knowledge?

 

[Lord Bracknell]

Would the Standard and Poor's rating agency that is offering its opinion on the position of the Greek economy be the same Standard and Poor's that was rating the financial status of the world's major banks in advance of the current economic crisis, because they (and Moody's and the others) got that spot on, didn't they? I would rather take lessons in English from Paul Merson that trust the ratings agencies to conduct an accurate assessment of any institution's financial position. Oh, and yes, I have sat in on some of their sessions and listened and, reluctantly answered, their fuckwit questions.

Another bunch of bankers exercising what they imagine is their right to determine who wins and who loses.

Unsurprisingly, the winners will be their chums who placed early bets on Greece going down the pan.

 

[beorhthelm]

Would the Standard and Poor's rating agency that is offering its opinion on the position of the Greek economy be the same Standard and Poor's that was rating the financial status of the world's major banks in advance of the current economic crisis, because they (and Moody's and the others) got that spot on, didn't they?

to be fair though, its possible the banks weren't being entirely truthfull about their exposure or the risks, or even understood themselves. but hey, what can we expect if when retailers run banks.

fears of what will happen here are i believe overplayed, surely the hung parliament scenario is priced in to sterling? the ftse doesnt seemed to have minded too much either, both 100 and 250 done rather well this year. predict a brief dip (because the shorters will pile in) followed by return to current level.

 

[1234andcounting]

Does your opinion on the greek economy differ from theirs ?

What an asinine question. I have absolutely no opinion whatsoever on the Greek economy as I don't have any relevant information or data on which to base an assessment. There are only so many hours in the day.

I only know that in my own area of relative specialism, when confronted with the ratings agencies, or indeed the regulator for that matter, the line of questioning tends to veer towards the intellectually vacuous.

 

[1234andcounting]

to be fair though, its possible the banks weren't being entirely truthfull about their exposure or the risks, or even understood themselves. but hey, what can we expect if when retailers run banks.

fears of what will happen here are i believe overplayed, surely the hung parliament scenario is priced in to sterling? the ftse doesnt seemed to have minded too much either, both 100 and 250 done rather well this year. predict a brief dip (because the shorters will pile in) followed by return to current level.

Absolutely. But the problem I have with both the ratings agencies and the regulator is their inability to ask the right questions and look in the right places to find out where the bodies are buried. In my view, they are either not up to or not interested in doing this.

 

[User removed 4]

Another bunch of bankers exercising what they imagine is their right to determine who wins and who loses.

Unsurprisingly, the winners will be their chums who placed early bets on Greece going down the pan.

Bankers ? your ignorance and lack of knowledge on matters financial and the city is revealed as epic, the above statement sums this up perfectly

 

[Alex Alex Dawson oo! oo!]

Bankers ? your ignorance and lack of knowledge on matters financial and the city is revealed as epic, the above statement sums this up perfectly

How are your mates at RBS getting on with the concept of corporate governance btw?

 

[Easy 10]

The ramifications for Greece's downgrading is incredible.
Germany can currently borrow from EU countries at an interest rate of 0.8%
Britain can borrow at 1.2%
Greece's rate to borrow has now soared to 15.3%.

They're absolutely f***ed.

 

[User removed 4]

How are your mates at RBS getting on with the concept of corporate governance btw?

Why do you assume i would know somebody at RBS ?

 

[Alex Alex Dawson oo! oo!]

Why do you assume i would know somebody at RBS ?

Something you posted a few weeks back about their investment arm, remuneration, bonuses etc.

 

[User removed 4]

Something you posted a few weeks back about their investment arm, remuneration, bonuses etc.

No, that was a friend of a friend, i do actually have a punter at their commodities arm but thats been sold off anyway.

 

[withdeanwombat]

.......tends to veer towards the intellectually vacuous.

Tell us more.This sounds perfect for NSC.

 

[withdeanwombat]

The ramifications for Greece's downgrading is incredible.
Germany can currently borrow from EU countries at an interest rate of 0.8%
Britain can borrow at 1.2%
Greece's rate to borrow has now soared to 15.3%.

They're absolutely f***ed.

Bank letter to Greece: your account is overdrawn.You have been charged $ 200,000,000 for this letter.