I watched that dragon's den enquiry with the bankers, with the lords of the realm and the guy from Asda, reminded me of the grilling the Heathrow airport (terminal 5)people got.
Anyway I likenit all to the banks being like the springs that hold the strain of weight (of the economy) from the impact of the consumer (the person jumping up and down on the trampoline)
The banks were all sharing the load - balancing out the pressure - maybe eventually they forgot the laws of gravity and started jumping up and down with the consumer - doing "spring juggling" where each swaps (hedge funds and debts could be juggled between banks) "hot potato" was thrown into the mix - subprime mortgages - that leads to miss judgement and human error creeping in.
Then the "Caldera effect" of trampolining kicked in - a spring weakend (a Bank went bust - in UK that spring was Northern Rock - in USA I guess it was Fanny Mae and that other one ?)
Springs are pinging - the jumper is still jumping unaware the springs are failing - until PING all the springs buckle at once - and customer and economy are flung into the air - big volcanic spot raging beneath....busted.
Then comes the germoline (the savlon - antiseptics - the taxpayer heal thy self) - if the conservatives got in MORE people would end up repossessed as they would tell the banks to be more vicious on homeowners - dog eat dog
- so while people are complaining that "liberals" are injecting future earnings into the consumer wounds - it's a choice of that - or be strangled in your bed by a true blue capitalist
- a real capitalist would eat you - literally to save their life from starvation - as nature is a capitalist - it's not an unnatural condition - it's just very harsh and uncaring like the negative forces of mother nature destroy's in order for regrowth of the fittest.
New Labour is a kind of hybrid - northern rock - are an example of the hybrid in action - repossessions up - yet nationalized.
I imagine the banks are confused by all this going on as they obviously wanted their cash back with Interest - as presumably that how they make their money - but the bank charges were excessive and a way to instantly pay a debt via CASH to avoid these charges never happened - which is where the subprime thingy went wrong as - if a percentage of the subprime people were getting paid on the black market by richer people trying to avoid paying tax - by stealth or by strong suggestion to self employed on low wages that they don't need to both with tax, then is all gets in a mess - no different to all this hedgefund stuff (the dodgey version of that they were talking about) - institutionalized avoidance of paying for anything over the counter whenever possible.
All this destabilizes Billy average the taxpayer (as I've said elsewhere) and he turns into a thug and forces weaklings/ vunerable types (that may or may not have rational or intellectual thinking occasionally like me) to suffer to make them eel better.
And full circle we are back to nature and killing - with civilization and society grabbing nooks and cranny's from the big flood... slosh - swimming or drowning depends on the temperature and if you have people supporting one minute then strangling you the next - trampoline or torture rack - perception depends on mood, mood is supplied by chemicals in brain supplied by environment....
Here's my chart anyway, is quite basic after that brain melting - sugar low commuing on so I'll end it there.
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