Banking Issues...

Discussion in 'BlackHat Lounge' started by themagician, Oct 2, 2008.

  1. themagician

    themagician Regular Member

    Mar 25, 2008
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    Brit in Thailand
    Following the problems in the financial sector in the UK and US, uncertainty
    has now hit Japan.

    In the last 7 days Origami Bank has folded, Sumo Bank has gone belly up and
    Bonsai Bank announced plans to cut some of its branches.

    Yesterday, it was announced that Karaoke Bank is up for sale and will
    likely go for a song, while today shares in Kamikaze Bank were suspended
    after they nose-dived.

    While Samurai Bank is soldiering on following sharp cutbacks, Ninja Bank is
    reported to have taken a hit, but they remain in the black.

    Furthermore, 500 staff at Karate Bank got the chop and analysts report that
    there is something fishy going on at Sushi Bank where it is feared that
    staff may get a raw deal.

  2. sugarpimp

    sugarpimp Registered Member

    Jul 17, 2008
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    Virtual World
    Well, who did invest in Japan, their economy was down for years even before the current situation in USA, so I guess it will hit only local people. I invested in China a few years ago and was smart enough to cash out December 2007 before the first sign of what happend now, but Japan....Never:D
  3. deth_by_uv

    deth_by_uv Power Member

    Feb 26, 2008
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    You gotta be fuckin' kiddin' me???

    'Karaoke' bank???

    'Samurai' bank???

    'Origami' bank???

    Is this real???...I mean, I'm just wondering because I have a very strong blood and family line of Nihonjin (Japanese ancestry) and live in the Pacific...never heard of such comical bank names, lol :) ...

    But shit...I know the Asian and European markets will feel what the US is going through very soon...

    Is there a Pokemon bank?...Inuyasha bank?...Gundam bank?...Crayon Shinchan bank?...

    Yep, I'm just having some fun, lol...till I wake up and hear I'm bailin' out Wall Street...

    This is just hilarious!...made me laugh...but I hope there is no 'Ninja' bank, Laugh Out Fucking Loud!...Too much...
    Last edited: Oct 2, 2008
  4. artswerdstone

    artswerdstone Power Member

    Nov 24, 2007
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    This is blackhat LOUNGE. The write up was really funny.
  5. Mp3Mage


    Sep 15, 2008
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    LOL bank ROFL bank LMAO bank WTF bank....

    It would be real funny if some bank opened up and their name was WTF bank.

    Yeah, I was real worried when this happened.

  6. Uptownbulker

    Uptownbulker BANNED BANNED

    Oct 21, 2007
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    You see, much of the so-called "financial crisis" in the USA is the product of media hype.

    Even if a bank "fails", the depositors are protected via the FDIC up to $100K per account and this protection is being raised to $250 K per account in the current proposed legislation which undoubtedly will pass on Friday and be signed into law ASAP.

    The so-called "failures" are really the product of the American public over-extending itself in terms of credit; buying homes that they could no afford through vraiable-rate mortgages, which is hot to say that the financial institutions have no culpability in the matter but let's be realistic here.

    In an effort to reinvigorate the real estate slump of the 1980s, low interest variable-rate mortages became de rigeur and people started looking through rose-coloured glasses.

    One of my favorite species of low-life predator; the "realtor" and it's sub-species of scum-sucking bottom feeder, the "mortage broker" did as much to hasten this market "correction" and anything else.

    Both of these dung beetles made fortunes over-selling mortgages, falsifying credit apps and other documents; all while telling the unsuspecting consumer that interest rates "really won't go up; that clause is just standard" and encouraging people to overextend.

    See, realtors and mortgage brokers get paid even if the load goes bad, so realtors and mortage brokers really don't give a shit about you after they get their check, with which they scurry to the bank to cash like rats with a piece of cheese!

    No bank in the USA as "closed"; these banks have simply been taken over by more stable financial institutions and have not missed a beat.

    Anyone who lost money in these transistions did so because they did not structure their investments and accounts in such a manner as to have sufficient coverage under FDIC or engaged in investing via methods not covered in the first place.

    I will retierate a couple of points which I havea made on this forum and will undoubetdly get the same kind of flak I got the first time, but, "Oh, well!"

    (1) There is nothing that a "realtor" can do for you that you cannot do for yourself if you take the time to learn. "Realty" is a labour union and a closed shop which has done a very good job of convincing the public that it performs a valuable service when in fact, "realty" is merely a fraud, a scam and a method of legal extortion perpetrated by the worst sort of low-lifes.

    Buying or selling a piece of property is not rocket science, nor is it "fookin' magic"; it is a simple process involving a small amount of paperwork which you as the buyer or seller can do yourself or have that other breed of financial vampire, the title company handle for you.

    (2) Mortgage brokers merely take a bunch of your money to get something done that you could do with a few telephone calls.

    (3) If you are going to invest, handle your own fucking investments or buy only T-Bills and let them ride.

    I will say it again, "The US banking system is safe and secure!"

    If you doubt it, go open an account in some banana republic, in which place your accounts can be frozen at the whim of the be-medalled dictator, "President-for-life" or just because they can and then get back to me.

    Rant closed.

  7. The Scarlet Pimp

    The Scarlet Pimp Senior Member

    Apr 2, 2008
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    Chair moistener.