Goldman Sachs mobsters have announced they've doubled their profits in the first quarter of this year. Doesn't it gladden your heart to know that all those businesses, jobs and services going down the pan (to say nothing of microscopic savings rates) to keep these 'wealth creators' afloat is having more than the desired effect?

I see the 1,000 richest people in Britain have increased their wealth by 33% in the last year. We can only hope that these 'wealth creators' see their way clear to give the little people a job shining their shoes to help them through the trauma of watching their old ma and da waste away with MRSA in NHS wards that are rotting due to health cuts.

I see the Farepack customers, who were almost exclusively low paid or unemployed, are to receive 15% of the money they saved with this mob. A derisory amount that wouldn't even pay the interest on their 'savings'. No bailout for those poor sods. Of course the wealth creator who owned the firm is still at large despite continuing to take money from his customers long after it was apparent his 'business' was about to go t1ts up. His big house and wealth are still in place and he'll be back in a few years to do some more wealth creating. It's strange that they changed the law recently to make gambling bets recoverable by law (this particular ponce would've lost everything had he been gambling with bookmakers) but it doesn't apply to our collar and tie friends who gamble through business start ups.

On the subject of bailouts, now the airlines and insurance operators want in on the act. Not satisfied with getting 1.5 about 1.01 shots they now want the taxpayers to cover their losses when a 1.01 is decombustulated. Maybe we betfairians should have a similar scheme for our course ir players. Some rotters and spoilsports have called these people **s but betfair have been quick to point out that they are actually selfless beings who go to considerable expense to supply us stay at home punters with competitive and accurate ir odds. Given that, if a horse is 10 clear with a few yards to run and collapses and dies then surely these wealth creators should be compensated for what can only be considered an act of God, especially if they are unable to recoup their losses laying the dead horse.

US authorities are investigation allegations that goldman sachs sold on shares to their clients knowing they were about to plummet in value. As I said earlier, running a hedge fund is like betting knowing if the horse isn't going well you've a ready made bunch of clowns to dump the bet on ir. What I don't understand about the US investigation is this. Does this mean the authorities think there's someone in the financial sector who WASN'T doing this?

*hero's

It only gets worse as you get older.

The clueless stock market guessers, along with the complicit media, are warning us that if their government of choice isn't in place soon the markets will go into meltdown. WALOFS.

Meanwhile, can the pro-euro Lib Dems really do a deal with the closet UK independence party? What's the point of getting proportional representation if no one will vote for them again because they fear they're tory backslappers? I suspect the Cameron talks are nothing more than a rouse to extract more concessions from Labour. Is there any betting on this?

I see the DOW recently fell 1,000 points in 9 minutes but the 100 million a year masters of the universe don't know why. They decided to just void the trades. If these guys were plumbers it would cost you a grand for them to tell you they don't know why your house is flooded.

Watching the currency markets each day and seeing the euro  slump while the dollar strengthens I'm fast coming round to the idea that what we've witnessed in this "crash" is WWIII. The arabs were talking about moving their money from dollars to the new stable, supercurrency the euro. That would've spelt meltdown for the USA so they had to do something. They could hardly bomb European cities so had to look elsewhere. In the financial sectors there was an easy target. Great wealth and power overseen by what's basically a shower of delusional clowns. So the yanks get someone to create a new type of bond that nobody understands, start a rumour that risk has been eliminated and leave the clowns to destroy their economies with their own greed and stupidity. Isn't it funny that the country that caused it all ends up with the fastest recovery and strongest currency.

The euro may have taken a punding but what a shafting our own clowns took. Long before the euro slumped against the dollar the pound had went into meltdown against the euro and has continued to slide with it. In our financial sector we clearly have the clown princes. To think they're threatening to move elsewhere if they don't get their bonuses. Who in the fk would have them? Surely they'd be considered undesirable aliens.

Absolutely.

Many of these people lay the blame at the Public Sector.  Of course spending on the public sector needs reducing. 

But it is not the reason why the economy is the way it is, as many of financial and private sector 'business gurus' would have you believe.  Total kop out.

That last damning episode of Dispatches is now available online for anyone who didn't see it.

http://www.channel4.com/programmes/dispatches/4od#3079724

"The market" (vomit) has reacted positively to the tories' bail out plan as evidenced by the pound recovering a fraction of the value it lost against the euro and dollar. "The market" always reacts positively to the discovery of new slave labour markets and all the better if that market is potentially your own citizens. "Ask not what your country can do for you, ask what more you can do for less" is the new battlecry. But don't worry, you won't suffer alone. Osbourne has got tough not only with the unemployed and the sick but with the banks as well. Or has he? Those billions aren't being taken off the parasitic b@stards who caused all this. No, it seems they're not even to be hit by a modest windfall tax. It's business as usual for them as that money will be coming out of the bank's profits AFTER they've had their massive wages and bonuses. Yes, it's the bank's owner's who'll pay that bill and who are the principal owner's of British banks? Yes, that's right, it's the British taxpayer.

So, if you're working into your eighties, if your business has went under because the banks wouldn't give you a loan or you've lost your job and you're begging on the streets because the "wealth creators" want to rehouse you in the less expensive Divis flats, take solace in the fact that your misery has funded these parasitic b@stards as they ponce about Ascot in their tails or their multi-million art work bids as they seek to put their money beyond the reach of hyperinflation or Collapse II. How THEY must be hoping England win the World Cup and that it signals another half century of servile stupidity.

This massive p1ss take has now reached the point where you have to wonder if the mythical Al-Qaeda ever again manage to bomb a world trade centre will the Arabs be the only ones dancing in the streets?

remove "dont" lol

Feck, do Tories = English feckin sc**bags?

How will "the market" react to that England v Germany result? We should say a prayer tonight asking God to give guidance to our financial leaders (IMO).

good thread

come again? free housing if you are unable to pay your own way seems quite generous of the wealth creators if you ask me. anyway housing benefit is a subsidy to exactly the type of "scumbags" you despise: private sector landlords.

It will be the more recent unemployed who will receive the bulk of the harrasment (NAP). I agree on the private sector lanlords but most of them exist purely because of Thatcher's council house giveaway bribes and they are not the intended targets of this legislation.

jbarnes, it may be sick but once you and your friend's failures actually start hurting, be careful out there. The austerity measures would've been so much easier for people to take if the banks had been nationalised and the parasites within them had their assets seized. As it is the said parasites are relatively untouched and unrepentant. It is only a matter of time before the anger spills over.

So the banks have made 11 billion of which 5 billion will be paid out in bonuses. We can only pray that will be enough to keep the masters of the universe from leaving these shores. The fact they are still with us will see a lot of people through the hard times that are still to come (imo).

BOTD, it's presumably the bank's shareholders who were/are to blame for letting wages & bonuses get out of hand but now we are the major shareholders in many of the banks the government should show a bit of mettle and give the fkng parasitic guessers no more than they deserve. If the tea lady then ends up in charge who gives a fk. Could she do any worse than bringing the world economy to its knees?

They should be replaced with that dog that beat Thommo in a tipping contest. 365 tins of kennomeat or 6 billion for the same results.