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Posts Tagged ‘financial crisis’

Russell Crowe Cures The Credit Crunch

“I WAS thinking,” Russell Crowe tells US TV host Jay Leno:

The New Zealand-born actor announced, during a US TV talkshow appearance, a plan to cure America’s financial crisis … Crowe believes the US Government should give each American $US1 million.

His reasoning was that the US has a population of about 300 million, and a $US300 million outlay was a fraction of the $US700 billion financial bailout package rejected by politicians in Washington DC yesterday.

He should have thought a little harder though—a $US1 million handout to 300 million people would cost $300 trillion.


Posted: 1st, October 2008 | In: Celebrities, TV & Radio | Comments (24)

It’s Grim Up North: We Own Bradford And Bingley

SAYS the Telegraph: “Financial crisis: Bradford & Bingley nationalisation will cost taxpayers £150bn.”

So says the Telegraph, which should note that it won’t it will only cost the British taxpayer £150bn if not a single one of B&B’s debtors repays their mortage..

But still, let’s try and make things sound worse than they are…

What Does B&B Stand For?

Posted: 29th, September 2008 | In: Broadsheets, Money | Comments (10)

McCain Chooses Politics Over Poverty

I’m sure that we are all shocked and surprised by the news that John McCain has decided that, after all, the financial crisis gripping the USA should take second place to his Presidential campaign, and that he should instead devote his time to the televised debate with Obama.

Ok, the more cynical people on the planet might feel that it was only too predictable that once McCain had failed to pressure the Democrats into forcing the bailout through Congress, thus allowing him to claim that the Republicans would never have been nice to those nasty bankers, he had nothing more to gain from screwing up the process still further.

Indeed, a decent human being might have been embarrassed at the sight of a Republican Secretary to the Treasury going down on his knees to beg Ms Pelosi to use the Democrat majority to save the country from another Great Depression; McCain clearly didn’t care.

A week ago Hank Paulson was demanding powers beyond Stalin’s wildest dreams; yesterday he was Otis Redding telling his country that he loved it too much to stop now.

And the share and bond holders of WaMu just got caught in the crossfire of McCain and Palin’s desire for power…

– Chenier

Posted: 27th, September 2008 | In: Money, Politicians | Comment (1)