Clarke and Dawe on the sub-prime crisis

6 comments on “Clarke and Dawe on the sub-prime crisis ”

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1. Matt Nolan 1

   22 March 2008 at 10:31 am

   That video is hilarious!!!!
2. RedLogix 2

   23 March 2008 at 1:22 pm

   And this is less hilarious, more edgy:

   Let me ask those questions, those questions we ask of every beneficiary of the smallest drop of government assistance. Let me ask why this is the ONLY scenario in which our parsimonious bullshit about personal responsibility, about choices and consequences, about “survival of the fittest” and other forms of sicko math, need not fucking apply.

   Let me ask just how the unholy fuck it is that we can quibble every single day for hours over lunches that would feed a small village for a week about the ten dollars a year we give to some social program and how it’s going to waste because somebody fed us an anecdote about somebody somewhere faking their need. Let me ask just how the bloody fucking blue hell we can get all worked up over how the homeless people downtown don’t deserve our pennies because one of them said something rude to us on the way out of a store, and how they’re just gonna spend our 65 cents on booze and then pee on the stoop. Let me ask how on earth we can take all the time it takes to think up all the ways we think up to sit in judgement on every individual case we hear about, about how that person just didn’t work harder, didn’t suffer enough, didn’t earn “our” money, didn’t deserve “our” charity, didn’t bleed in front of us enough, and all the while, all the fucking while, we give it away by the millions and never ask where it goes. All the while.

   Let me just ask. I’m sure somebody out there has the answer. After all, they had reasons why Katrina victims deserved to drown and die, be forced from their homes and screwed by their insurance companies and disregarded by their country. They had reasons why uninsured children didn’t deserve health care, why those who died from a lack of medical attention only got what they had coming. They had reasons why the people who came to emergency rooms were just looking for drugs, they had reasons why thieves got rich and saints got shot, they had all kinds of explanations for everything that looked to everybody else like a fucking problem we needed somebody to solve. I’m sure the answers here are just as simple, just as easy.

   http://www.first-draft.com/2008/03/its-a-small-cri.html

   So far in NZ we’ve been able to pretend none of this is happening, or it is but we’re too small and out of the way to get caught up in it. But it might pay to understand that when this tsunami of shite finally does arrive on our remote and pristine shores, that it wasn’ all Dr Cullen’s fault.
3. Matthew Pilott 3

   23 March 2008 at 1:31 pm

   “Why do people buy someting if they don’t know what it is?”

   “Good marketing, Brian.”

   Superb!
4. Jeremy Eade 4

   23 March 2008 at 10:05 pm

   Why did John Clarke leave? That day was a huge brain drain day for this country.

   Absolutely brillant and he’s talking about an industry which just steals money , irrelevant to whether they’ve pushed the market along or not, just churning away in their own fiscal universe.
5. Pascal's bookie 5

   23 March 2008 at 10:27 pm

   Red. Indeed , I for one don’t want to be hearing too much about the moral hazard casued by the DPB for a while. And certainly not from bankers.

   Jeremy. Yep on John Clarke.

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1. Clarke and Dawe on the sub-prime crisis at Sub Prime on The Finance World For News and Information Around The World On Finance: posted on 22 March 2008 at 1:05 am

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