yo!...crystal bollox...innit!
PALOOKAVILLE FINANCIAL stardate : capitulation day+56
...show me the way to go home...ahm tired an i wanna go ta bed...
...the story so far...
...a Christmas song is jangling inna background as George Baily careers across the slushy boulevard of Bedford Falls...
...he wishes he hadnay been born...
...harry Potter wants ta rename Bedford Falls...PALOOKAVILLE...
...Potter has magicked away the credit from the thrift that Baily runs...
...the stupid shmuck thought that ordinary people could profit from home ownership...
...wotta dunce!
...the wand was really the handle of the one armed bandit from the Vegas FED...
...Potter made it lever up the mortgage market...credit became the oil of the economic machine...
...then, at holiday time, while every one was out buyin stuff...
...potter waved the wand an the credit disappeared...
...puff went the smoke an mirrors...sh*t went the bloggers...jingle went the mail...
beulah : aye...we're aaalll...doooooommed......dooommed ah tell ee..
THE FUTURE THAT WAS
...people believed in the bubble an cashed in their paper gains on their homes as if they would keep on growing forever...
...Potter has now got them by the short an curlies an is lookin forward to explosive rental growth...
...he has been helped by the governments as they needed him to run this sh*t in order to maintain the illusion of prosperity upon which the voters smoked...
...now down has come cradle...baby an all...the keys is inna mail a jinglin an a janglin...
...an a further a property values fall...the further a debts rise...the bollox believe that things will bottom without the value of houses bottoming...
...well...good luck with that!...
peteyMacNeice : ..."the glass is fallin hour by hour, the glass will fall fo evva...
...but if you break the bloody glass...you'll no hold up the weather...
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