I thought this was going to be quietly dropped...
11 March 2013, 06:57 PM
#123
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11 March 2013, 08:26 PM
#127
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Pity you can't actually form a steadfast opinion on anything important
11 March 2013, 11:27 PM
#128
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Kinell, 8 months each
Better to lose by a country mile than a *** paper
Thing is, Martin, i make my living making decisions like this every day, if i got them right every time i wouldn't be getting up at half past five tomorrow morning, but hey, i didn't do my research and i got my trousers pulled down, such is life
So Hodgy, about your address then
Better to lose by a country mile than a *** paper
Thing is, Martin, i make my living making decisions like this every day, if i got them right every time i wouldn't be getting up at half past five tomorrow morning, but hey, i didn't do my research and i got my trousers pulled down, such is life
So Hodgy, about your address then
11 March 2013, 11:50 PM
#129
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Kinell, 8 months each
Better to lose by a country mile than a *** paper
Thing is, Martin, i make my living making decisions like this every day, if i got them right every time i wouldn't be getting up at half past five tomorrow morning, but hey, i didn't do my research and i got my trousers pulled down, such is life
So Hodgy, about your address then
Better to lose by a country mile than a *** paper
Thing is, Martin, i make my living making decisions like this every day, if i got them right every time i wouldn't be getting up at half past five tomorrow morning, but hey, i didn't do my research and i got my trousers pulled down, such is life
So Hodgy, about your address then
12 March 2013, 08:43 AM
#134
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i think what Telboy is referring too is the fact that in an "odds" based decision making business
you can lower them (in your favour) by doing a bit of due diligence/homework
the informed take money from the ill-informed
and when Telboy did a bit of digging he realised his bet was based on sentiment rather than solid data
and it rankles him because he knows if he carried it over into his professional life he would be out of a job
you can lower them (in your favour) by doing a bit of due diligence/homework
the informed take money from the ill-informed
and when Telboy did a bit of digging he realised his bet was based on sentiment rather than solid data
and it rankles him because he knows if he carried it over into his professional life he would be out of a job
Last edited by hodgy0_2; 12 March 2013 at 08:46 AM.
12 March 2013, 09:19 AM
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12 March 2013, 11:30 AM
#137
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Why, sending them to prison for 8 months is a total waste of time and money. Will they do it again, i'd bet my life they won't. So whats the point. I'd make them paint the local school or something.
12 March 2013, 11:48 AM
#139
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You cynicism knows no bounds Alcazar
It is simple; they broke the law, a law which carries a theoretical maximum penalty of life imprisonment.
This should give people an indication of how seriously the Judiciary (thankfully independent of the people “who run the country”) take it.
They were found guilty and given an appropriate sentence (I admit it does seem on the harsher side, I was expecting something more like 4 months)
But that is all there is to it.
It was never about speeding.
It is simple; they broke the law, a law which carries a theoretical maximum penalty of life imprisonment.
This should give people an indication of how seriously the Judiciary (thankfully independent of the people “who run the country”) take it.
They were found guilty and given an appropriate sentence (I admit it does seem on the harsher side, I was expecting something more like 4 months)
But that is all there is to it.
It was never about speeding.
Last edited by hodgy0_2; 12 March 2013 at 11:49 AM.
12 March 2013, 12:00 PM
#140
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I lose bets ethically
In any case, you still owe me £20 but hey, some bad debts you have to learn to write off
12 March 2013, 12:46 PM
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12 March 2013, 12:46 PM
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12 March 2013, 12:48 PM
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12 March 2013, 12:51 PM
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No that's true, you didn't step up, my mistake.
JT very true, but then Moody's and S&P told me i had AAA rated debt, so unfortunately i trusted that rather than look a bit more closely into the reasons behind that rating. That, actually, is the absolute crux of what went wrong, not that S&P or Moody's would ever concede that. But the way in which they have both changed the way the allocate ratings since then speaks absolute volumes.
JT very true, but then Moody's and S&P told me i had AAA rated debt, so unfortunately i trusted that rather than look a bit more closely into the reasons behind that rating. That, actually, is the absolute crux of what went wrong, not that S&P or Moody's would ever concede that. But the way in which they have both changed the way the allocate ratings since then speaks absolute volumes.
12 March 2013, 01:19 PM
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No that's true, you didn't step up, my mistake.
JT very true, but then Moody's and S&P told me i had AAA rated debt, so unfortunately i trusted that rather than look a bit more closely into the reasons behind that rating. That, actually, is the absolute crux of what went wrong, not that S&P or Moody's would ever concede that. But the way in which they have both changed the way the allocate ratings since then speaks absolute volumes.
JT very true, but then Moody's and S&P told me i had AAA rated debt, so unfortunately i trusted that rather than look a bit more closely into the reasons behind that rating. That, actually, is the absolute crux of what went wrong, not that S&P or Moody's would ever concede that. But the way in which they have both changed the way the allocate ratings since then speaks absolute volumes.
12 March 2013, 01:30 PM
#147
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Sure you can dismiss every mitigating circumstance if you want to find somebody to hang. I knew one or two people in subprime at the time, and whilst they wouldn't argue that it was easy money, they didn't see it as their job to assess the underlying risk and to make sure risky borrowers could repay their debts. That's what the ratings agencies are there for. Rigged? Yes i can see why you'd see it that way, few people challenged it because it was a profitable income stream. Despicable thieves? Nope, it was simply never like that, and you can shout till you're blue in the face to the contrary, unless you were in it at the time, you'll never really know the mood, the optimism, the sense of seizing an opportunity. All you can do is pick out the bones and point with Harry Hindsight. Anyone can do that. 
12 March 2013, 01:32 PM
#148
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Strange comments
I waited till the trial was over, rather than backing myself into a corner, and making myself a hostage to fortune.
In fact I did exactly the opposite of what you did, and said above
12 March 2013, 01:44 PM
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Sure you can dismiss every mitigating circumstance if you want to find somebody to hang. I knew one or two people in subprime at the time, and whilst they wouldn't argue that it was easy money, they didn't see it as their job to assess the underlying risk and to make sure risky borrowers could repay their debts. That's what the ratings agencies are there for. Rigged? Yes i can see why you'd see it that way, few people challenged it because it was a profitable income stream. Despicable thieves? Nope, it was simply never like that, and you can shout till you're blue in the face to the contrary, unless you were in it at the time, you'll never really know the mood, the optimism, the sense of seizing an opportunity. All you can do is pick out the bones and point with Harry Hindsight. Anyone can do that.
https://www.scoobynet.com/showpost.p...8&postcount=83
12 March 2013, 01:45 PM
#150
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FFS we were having a light hearted punt on their likely punishment, for some reaosn you saw fit to post calling everybody out. Now you're writing more nonsense about being a 'hostage to fortune' Get over yoursefl!
Last edited by f1_fan; 12 March 2013 at 01:47 PM.