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The Doc
Advanced Member
United Kingdom
2,718 posts
Joined: Jan, 2006
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 Posted - 2008/10/10 : 22:24:33
or as I call it the cash cow is now full! Isn't it funny now all these bankers and shareholders are panicking! all of a sudden prices are starting to fall! oil down to $80 a barrel (nearly half against a few months ago! food prices are now starting to fall! gas prices will be next! Now they've milked us all into submission, things are getting tough! It was a case of the greedy getting too greedy! and now we suffer! (well only the rich)
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Rock you in your face! stab your brain with your nose bone!
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Edited by - Underloop on 2008/10/10 22:53:06 |
Mortis
Advanced Member
United Kingdom
7,493 posts
Joined: May, 2004
341 hardcore releases
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Posted - 2008/10/10 : 23:33:28
I work in the remortgage industry, this is how things have effected us:
We are a fast track remortgage company, it first started to be noticable when suddenly and quietly we where not fast track anymore.
We started to get new staff in from other companies in the same industry who have been made redundent due to the impending "credit crunch".
Northen Rock became nationalised, First Plus & Barclays stopped taking on new business.
We lost staff.
We receive confirmation from our head office that they are laying off staff.
HBoS are bought by Lloyds TSB and Bradford & Bingley are sold in part to Santander and the rest nationalised.
We receive word that all of our vacancies are no longer vacant. We are not completing enough remortgages in order to take on new staff.
One of our sister companies sends a mass e-mail stating they are laying off staff.
Several of the top players in our company leave and are not replaced.
Generally we are going down the pan due to this crisis - and I tell you, we are feeling it 
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"Maybe in a day and age in which even our rappers can't get to the end of a verse without having an existential crisis, we should find a place for happy hardcore"
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Edited by - Mortis on 2008/10/10 23:35:20 |
Smoogie
Advanced Member
United Kingdom
6,504 posts
Joined: Mar, 2006
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Posted - 2008/10/10 : 23:34:10
I don't pay much notice! As long as I get paid at the end of each month it dosn't bother me. I know people are havign atough time though so im not going to get into it too much...
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Edited by - Smoogie on 2008/10/10 23:37:30 |
Lilley
Advanced Member
Australia
3,740 posts
Joined: Jul, 2006
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Posted - 2008/10/11 : 15:49:21
hmm its quite interesting. Yesterday (friday) Australia had its second biggest loss in history. I have little super so dont worry about it, our family doesnt have a mortgage, but dad does have super and is planning on retiring reasonably soon. So while its not a huge issue for us, their are others in a completely different boat that are watching money get washed down the sink. Also the Australian dollar has gone from about 90 US cents to 60 in a matter of days. hmm
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nearly in line....
.....strange continuity problems
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dj_excy
Advanced Member
United Kingdom
2,004 posts
Joined: Jun, 2004
205 hardcore releases
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Posted - 2008/10/11 : 19:43:11
its not affected me yet but i just hope they sort things out soon or the world is going to come to a stop!
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The Doc
Advanced Member
United Kingdom
2,718 posts
Joined: Jan, 2006
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Posted - 2008/10/12 : 01:12:07
quote:
Originally posted by Mortis:
I work in the remortgage industry, this is how things have effected us:
We are a fast track remortgage company, it first started to be noticable when suddenly and quietly we where not fast track anymore.
We started to get new staff in from other companies in the same industry who have been made redundent due to the impending "credit crunch".
Northen Rock became nationalised, First Plus & Barclays stopped taking on new business.
We lost staff.
We receive confirmation from our head office that they are laying off staff.
HBoS are bought by Lloyds TSB and Bradford & Bingley are sold in part to Santander and the rest nationalised.
We receive word that all of our vacancies are no longer vacant. We are not completing enough remortgages in order to take on new staff.
One of our sister companies sends a mass e-mail stating they are laying off staff.
Several of the top players in our company leave and are not replaced.
Generally we are going down the pan due to this crisis - and I tell you, we are feeling it
I'm sorry for you mortis! you seem to be in one of the jobs that will really be affected! I saw this coming 2 years ago! house prices were getting stupid! and most first time buyers either had to borrow to much, or just couldn't join the ladder in the first place! in the end it had to fail! like i said people were getting greedy and milking the cash cow untill it exploded! now they will fall to more reasonable prices! (18 months time) and then things will kick on! but the main losers are the prospectors in the boom housing market! they are now losing money!
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Rock you in your face! stab your brain with your nose bone!
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