tag:blogger.com,1999:blog-11906042.post4879666497482072106..comments2024-03-22T11:55:50.335+13:00Comments on Not PC: What tax cuts?Peter Cresswellhttp://www.blogger.com/profile/10699845031503699181noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11906042.post-72852104298279828402010-05-17T18:25:21.176+12:002010-05-17T18:25:21.176+12:00"While this government is breaking its promis..."While this government is breaking its promises to producers and tax payers, the forgotten people who are always called upon to stanch the politician’s bleeding heart by paying for his vicarious generosity*, it considers it absolutely essential to keep promises to the parasites that their mis-named and unaffordable “entitlements” will be maintained."<br /><br />WELL SAID Sir.gregsterhttps://www.blogger.com/profile/04786701115887458801noreply@blogger.comtag:blogger.com,1999:blog-11906042.post-83708998540131288802010-05-17T18:20:33.708+12:002010-05-17T18:20:33.708+12:00Interesting what Eisman (manager of FrontPoint Fin...Interesting what Eisman (manager of FrontPoint Financial Services hedge fund) says about those who worked in Wall St during the run up to the crisis and collapse. <br /><br />"Not once have I come across a person inside a big Wall St firm who was having a crisis of conscience. Nobody ever said 'this is wrong'."<br /><br />"What I learned from this experience was that Wall St didn't give a shit what it sold."<br /><br />Basically he reckons they are ALL liars and con-men.<br /><br />And THAT is the place where NZ sourced its PM. That place where bonds "backed" by mortgages three levels of dog shit lower than unqualified were rated AAA. That place where, when it was realised there were not ever going to be enough Americans with poor credit ratings taking loans to satisfy Wall St's demand for more to sell, they synthesised bonds out of nothing (bonds floating on a "derivative" abstraction of nothing). That place where "complicated financial stuff was being dreamed up for the sole purpose of lending money to people who could never repay it." But hey, it generated fees and lots of bonuses.... <br /><br />Now tell us, are any of you really surprised about broken tax-cut promises? How many of you believed them? Come on now. Fess up, suckers!<br /><br />LGMLGMnoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-46641474745349387002010-05-17T10:09:12.857+12:002010-05-17T10:09:12.857+12:00David Farrar is part of that spin machine from the...David Farrar is part of that spin machine from the National party. Farrar can't tell the difference between bullshit and genuine National policies. Everything is just gold to him, so he just follow blindly without questioning the bullshits.ACT Youthnoreply@blogger.com