@@gregorybattis9588 spot on I personally think this global recession would have happened even if Lehman hadn't have gone bust the leverage was insane in the investment banks worldwide
while insanity is doing the same thing over and over again expecting a different result, these folks play in the converse world where they do the same things over and over again expecting the same result - and they get it each and every time. Stupid fools the (we) common folk are.
If you can propose the text for such a regulation, Pieter, you're on your way to your first billion. The rest of us will be able to take your miraculous law and modify it to provide for free energy, the end to illness and hunger, and eternal life for those of us who can read the fine print.
Are you drunk or living in a cave? There is so much Irish regulation that the paper it's published on has surely made a dent in the Amazon. Why do you think mortages have lending ratios now? Why are banks not issuing bonuses? What do you think the credit register is there for and its role in safeguarding credit agreements? Why are investment instruments all pre-signed off? Why do we now have KIID documents with every retail investment product? The capital guarantee scheme? I mean, it's endless! I'm not saying this regulation is good or bad, but to say there is no regulation to stop it from happening again is plain ludicrous. It's a complete failure to see how the response to the financial crisis (i.e. the regulation that was issued) stopped it from happening again, but has also contributed to the housing crisis and enduring slowness of economic recovery in real, household terms.
I disagree. Watch the full doco on the collapse of Lehman and how it changed banks lending rates between other banks. Hence they didn't lend to businesses or people so the whole system collapsed. It all led up to the collapse of Lehman. That was the culmination of events. From that point. There was no other outcome. Hence. That it where it all culminated.
Bankers "ran" out of money. Hank Paulson did everything he could to save their asses. His sharade of that week-end in the Federal reserve building and the "miscommunication" with the British and the emotion of "fear" he spread are all a ruse to get as much money as possible from the taxpayers. It was never about saving the banks it was all about giving his buddies at wallstreet the bonuses they wanted. Every documentary is emphacizing the fear and the "near collapse" of the economy but the bankers refused to take the billions of dollars from the treasury without the agreement that they can take as high bonuses as they want. Now, call me crazy, but when you screw up the last thing you are allowed to have is a large compensation. But hey, let us keep telling the taxpayers: it is either we get the money we want or your economy will come to a halt.
Could you maybe go study what quotation marks are all about and then get back to us? There are, I admit, fear quotes, but i think you've invented a new category, half-wit quotes.
Sorry but you’re a total clown if you honestly think “it was never about saving the banks” and all just some convoluted scheme to scam some bonus money. This is the problem with the world today - some cretin watches a couple of UA-cam videos about a complex subject and suddenly thinks he’s an expert.
Talking about martial law etc. Nobody else think that it’s dangerous that they didn’t allow it to happen? All they did by bailing out the banks was grow distrust in the public and make the next time all the more likely to become a backlash as they will not have the money to save the banks like they did.
Are you Irish and reading this very comment in April 2022? If so - take a seat and prepare for shit to hit the fan down the line - brace yourself for what is coming in the next 2-3 years. I will just say it how I think it is : I think that Ireland will be going into a major recession late 2022 / 2023 or 2024 and if not I will eat my hat. So lets look at what we have on our hands : two years of major disruptions caused by Covid and now a war in Eastern Europe - Ukraine causing energy prices to surge up to 45% (the true economic impacts will not be understood till next year when the 2022 Exchequer returns are filed).Another property boom and bust cycle where at the time of writing, house prices in Dublin alone rose by 8.8% in Q1. Inflation at the 6.9/7% mark which is at the highest we seen since the 80s . A massive impending global supply chain slow down (I work as an IT consultant and the shortage of microchips and semiconductors are causing higher prices of computer hardware and also China's major shipping ports gone into complete lock down due to surge of Covid cases) So all in all, we are going through a theoretical tsunami which has taken place in the ocean and we must brace for the financial and economic tidal waves. All eyes on late 2022 / 2023 or 2024. I may come back to this comment in a while and update it. (Copied and pasted this comment to the Free-fall documentary videos and the RTE documentary how we blew the boom)
All in all another crash is coming, not just in Ireland. The Americans were printing money like no tomorrow during covid to stimulate the economy , It won’t end well. The principle of fiat money is that if you print more the economic activity must rise in proportion or in excess of this new money which has not happened anywhere. I give it 5 year tops and the arse will fall out of it, and not just here but everywhere. I’d be surprised if we got to 5 years. As warren buffett says, when everyone is greedy you be tight, when everyone is tight you be greedy.
Why doesn't the financial and political leaders get???? Why. Because there's always going to be honor among thieves. I'll give you just one example. A overvalued and over extended bull market in the U.S. That's just the one. I'll give you a hint on one more. Look at rent hikes and housing prices. THE END.
They need to replace the word government with taxpayers. They didn't want the banks nationalised because they wanted to continue unregulated and not be held responsible for their theft and egos. How many of the financial "movers and shakers" went to jail for their actions, lies and incompetence?" How many lost their jobs? and those that did, left with a huge payout and their enormous pensions intact.
As far as I know only 3 bankers world wide were charged and crazier then that only ones of those actually went to jail, he was in Sweden. The other 2 had all charges dropped and because of there power forced the prosecutors to apologize for upsetting their families.
That was a direct quote from a US Rep Brad Sherman….albeit he misinterpreted what Treasury was telling him (iirc they were analogizing what they’d need to do to stabilize the markets to martial law), but it was said on the floor of the House during the bailout debate.
Same thing is happening now 2024 I’m an investment banker employee and I’ve been told to sell ANY IRISH STOCK at the best possible price.WHY? Because the immigration crisis in Ireland has punched a hole in the government’s Social security budget meaning Ireland will NOT meet its European commitments to pay its 2026 5 billion euro subsidy contribution .Failure to meet this legal promise means Ireland will not be able to meet its debts obligations and social welfare payments.Ireland will COLLAPSE under its own WELFARE UMBRELLA allowing world banks to DEMAND all loans be paid by THE IRISH NATIONAL FINACE BANK That is the END OF SOCIAL WELFARE FOR IRISH PEOPLE,BUT IMMIGRANTS WILL BE ALLOWED TO GAIN IRISH NATIONALITY and cripple Irish Healthcare,police and schools in other words A 3rd world nation.
Honestly much better words...it looks they cannot take under pressure....it blind the better words...it looks someone know what this American do why silent...if the government know about it maybe decision gotta be different way,one information maybe enough.... maybe they say white only think for their only personal thing other than that be gone... human behavior.... just opinion....wonder after that someone think any solution... yeah maybe we can see who is Man of Ireland 😊....🤠... just maybe
I am binging 2008 crash documentaries from different countries' perspectives.
@LuStar at the end of the day if America wanted to save Lehman it could have, it is easy to blame a foreign government.
@LuStar Everything was crap on all sides not just the US and not just the UK.
@@gregorybattis9588 spot on I personally think this global recession would have happened even if Lehman hadn't have gone bust the leverage was insane in the investment banks worldwide
You should read Crashed by Adam Tooze
USA created the bubble, they have shit laws allowing these senseless companies to gamble away everything.
"To big to fail" yes, and the taxpayers came to the rescue once again, to allow the crooks to plunder on. Can it happen again? Absolutely.
Anytime soon.....ref it happening again, or something down those lines..
Millionaires pay more taxes than you ever will, so chill, and most of the money has been printed.
And still there is no regulation to stop this from happening again, and Rick Fuld still walks the streets, as do his brothers in Wall Street
while insanity is doing the same thing over and over again expecting a different result, these folks play in the converse world where they do the same things over and over again expecting the same result - and they get it each and every time. Stupid fools the (we) common folk are.
If you can propose the text for such a regulation, Pieter, you're on your way to your first billion. The rest of us will be able to take your miraculous law and modify it to provide for free energy, the end to illness and hunger, and eternal life for those of us who can read the fine print.
Are you drunk or living in a cave? There is so much Irish regulation that the paper it's published on has surely made a dent in the Amazon.
Why do you think mortages have lending ratios now? Why are banks not issuing bonuses? What do you think the credit register is there for and its role in safeguarding credit agreements? Why are investment instruments all pre-signed off? Why do we now have KIID documents with every retail investment product? The capital guarantee scheme? I mean, it's endless!
I'm not saying this regulation is good or bad, but to say there is no regulation to stop it from happening again is plain ludicrous. It's a complete failure to see how the response to the financial crisis (i.e. the regulation that was issued) stopped it from happening again, but has also contributed to the housing crisis and enduring slowness of economic recovery in real, household terms.
Be very careful in today's climate folks! Many, have very short memories!!
Yeah, or a very low "Douchebag-scale.
It didn't "culminate" in Lahmans going bust. Lehman going belly up was a burp along the way.
Yes yes. I looked for this comment and found it. You are exactly right
I disagree. Watch the full doco on the collapse of Lehman and how it changed banks lending rates between other banks. Hence they didn't lend to businesses or people so the whole system collapsed.
It all led up to the collapse of Lehman. That was the culmination of events. From that point. There was no other outcome.
Hence. That it where it all culminated.
Bankers "ran" out of money. Hank Paulson did everything he could to save their asses. His sharade of that week-end in the Federal reserve building and the "miscommunication" with the British and the emotion of "fear" he spread are all a ruse to get as much money as possible from the taxpayers. It was never about saving the banks it was all about giving his buddies at wallstreet the bonuses they wanted. Every documentary is emphacizing the fear and the "near collapse" of the economy but the bankers refused to take the billions of dollars from the treasury without the agreement that they can take as high bonuses as they want. Now, call me crazy, but when you screw up the last thing you are allowed to have is a large compensation. But hey, let us keep telling the taxpayers: it is either we get the money we want or your economy will come to a halt.
Could you maybe go study what quotation marks are all about and then get back to us?
There are, I admit, fear quotes, but i think you've invented a new category, half-wit quotes.
Sorry but you’re a total clown if you honestly think “it was never about saving the banks” and all just some convoluted scheme to scam some bonus money. This is the problem with the world today - some cretin watches a couple of UA-cam videos about a complex subject and suddenly thinks he’s an expert.
Upload part2 please
Barings bank and Northern Rock?
Talking about martial law etc.
Nobody else think that it’s dangerous that they didn’t allow it to happen? All they did by bailing out the banks was grow distrust in the public and make the next time all the more likely to become a backlash as they will not have the money to save the banks like they did.
Are you Irish and reading this very comment in April 2022? If so - take a seat and prepare for shit to hit the fan down the line - brace yourself for what is coming in the next 2-3 years. I will just say it how I think it is : I think that Ireland will be going into a major recession late 2022 / 2023 or 2024 and if not I will eat my hat. So lets look at what we have on our hands : two years of major disruptions caused by Covid and now a war in Eastern Europe - Ukraine causing energy prices to surge up to 45% (the true economic impacts will not be understood till next year when the 2022 Exchequer returns are filed).Another property boom and bust cycle where at the time of writing, house prices in Dublin alone rose by 8.8% in Q1. Inflation at the 6.9/7% mark which is at the highest we seen since the 80s . A massive impending global supply chain slow down (I work as an IT consultant and the shortage of microchips and semiconductors are causing higher prices of computer hardware and also China's major shipping ports gone into complete lock down due to surge of Covid cases) So all in all, we are going through a theoretical tsunami which has taken place in the ocean and we must brace for the financial and economic tidal waves. All eyes on late 2022 / 2023 or 2024. I may come back to this comment in a while and update it. (Copied and pasted this comment to the Free-fall documentary videos and the RTE documentary how we blew the boom)
All in all another crash is coming, not just in Ireland. The Americans were printing money like no tomorrow during covid to stimulate the economy , It won’t end well. The principle of fiat money is that if you print more the economic activity must rise in proportion or in excess of this new money which has not happened anywhere. I give it 5 year tops and the arse will fall out of it, and not just here but everywhere. I’d be surprised if we got to 5 years. As warren buffett says, when everyone is greedy you be tight, when everyone is tight you be greedy.
Henry 'Hank' Paulson, SecTreasury US: 'Alistair grin-fucked us.'
Why doesn't the financial and political leaders get???? Why. Because there's always going to be honor among thieves. I'll give you just one example. A overvalued and over extended bull market in the U.S. That's just the one. I'll give you a hint on one more. Look at rent hikes and housing prices. THE END.
They need to replace the word government with taxpayers. They didn't want the banks nationalised because they wanted to continue unregulated and not be held responsible for their theft and egos. How many of the financial "movers and shakers" went to jail for their actions, lies and incompetence?" How many lost their jobs? and those that did, left with a huge payout and their enormous pensions intact.
As far as I know only 3 bankers world wide were charged and crazier then that only ones of those actually went to jail, he was in Sweden. The other 2 had all charges dropped and because of there power forced the prosecutors to apologize for upsetting their families.
Each documentry only srvs 2 rub the publics face in the mire, it's hardly going 2 chang anythng whatsoevr . . .
Do you have part 2?
just uploaded it brian
@@philipmurphy1044 fantastic thank you
We voted for unscrupulous politicians, peroid .
I stopped at the doc quoting someone about the US invoking martial law without comment. This is economic collapse porn.
Besides that, what else did you not like?
That was a direct quote from a US Rep Brad Sherman….albeit he misinterpreted what Treasury was telling him (iirc they were analogizing what they’d need to do to stabilize the markets to martial law), but it was said on the floor of the House during the bailout debate.
@@jkholtgreve It should have been given some context as really dumb.
the commentator sounds like Srk to me.
Petrol not diesel nowadays.
Ironic
1:19
The building to the right, the round buliding
Nicknamed The Lipstick Buliding
Home of Bernie Madoff Investments.
Regulator let it all happen. Money talks. Joke
The lov of mony sprouts many evls . . .
Same thing is happening now 2024 I’m an investment banker employee and I’ve been told to sell ANY IRISH STOCK at the best possible price.WHY? Because the immigration crisis in Ireland has punched a hole in the government’s Social security budget meaning Ireland will NOT meet its European commitments to pay its 2026 5 billion euro subsidy contribution .Failure to meet this legal promise means Ireland will not be able to meet its debts obligations and social welfare payments.Ireland will COLLAPSE under its own WELFARE UMBRELLA allowing world banks to DEMAND all loans be paid by THE IRISH NATIONAL FINACE BANK That is the END OF SOCIAL WELFARE FOR IRISH PEOPLE,BUT IMMIGRANTS WILL BE ALLOWED TO GAIN IRISH NATIONALITY and cripple Irish Healthcare,police and schools in other words A 3rd world nation.
Politicans talking bollox as usual...it got difficult because they ALLOWED it to happen
very simple. I give you the money. You cant pay back. Your land is mine.
Very simple.
Christine Laguard, convict.
He keeps referring to Lehman Brothers as Lehmen's. If you can't get that right.....
It was a common abbreviation Lehman Brothers, both inside and outside Lehmans.
@@claratrevlyn5304 must be an Irish thing, at the branch's I worked at never referred to like that.
Honestly much better words...it looks they cannot take under pressure....it blind the better words...it looks someone know what this American do why silent...if the government know about it maybe decision gotta be different way,one information maybe enough.... maybe they say white only think for their only personal thing other than that be gone... human behavior.... just opinion....wonder after that someone think any solution... yeah maybe we can see who is Man of Ireland 😊....🤠... just maybe
Clueless analysis
King Mohommed is coming for his troops no matter what Shiekh Hamdan Mohammed Bin Al Rashid Maktoum has done Globe
Fish
@@alancooper5147 I like smoked salmon, myself! 😂
In a roundabout way Ireland saved the Euro and we have paid the price ever since The Brits got in right no Euro and now their getting out altogether
I'm surprised someone liked this comment
"Stupid is what stupid does!" as that great, fictional, philosopher F Gump put it....
robbing haha HA
One word comes to mind ,......... enslavement . Has the system really changed ?