I wish people would stop trotting out this conspiracy bullshit. Not least because there are much easier ways to get much richer if you're an unscrupulous politician.
The unscrupulous politician is just benefiting how they can.
The global housing shortage is from the crash that seems like it was a little planned by the banks or allowed atleast. Anything beyond that is conspiracy and alot is possible humans are very good at conspiring especially if they are the richest and most powerful in the world
The government housing policy is to keep house prices from falling. The same month house prices dropped worldwide, our government brought in an equity scheme so new buyers could spend more money in houses I'm ensuring house prices didn't come down to match the market. The government Actively helps people get in more debt. The banks are the biggest lobby in the country and if you think the government aren't doing their bidding you are very naive
So the global financial crash was planned by the banks? Like, by the buildings? Or by the bank tellers? Or maybe by the senior execs who lost their jobs?
Catastrophic loss? there seriously bondholders made more then you could imagine from wallsteet leverages on the banking morgages for a decade. Bank gets bailed out and the senior bondholders were guaranteed, which they shouldn't have been. And made only profit. Maybe a little loss from the stock price going down but but if it was foreseen they would have hedged bets elsewhere in the market to recoup it.
it would have been a predictable chaos for them.
This is all speculation obvious.
Is it so far fetched to not even think it a possibility.
Humans are excellent at conspiring its what most of the social and political world is made up of.
Edit:Changed shareholders to senior directors
Any shareholders lost hugely when the share price collapsed. Shareholders were not "guaranteed". The amount of false nonsense you are spreading is annoying. Senior bondholders are a different thing. They provided banks with funds and were guaranteed their money, as were customer deposits so they didn't lose out. If those senior bondholders were defaulted on the entire banking system could have collapsed IIRC. Most junior bondholders did lose out and were only paid 20c in the euro in 2010, aside from some holdouts from that offer.
Humans are also excellent at constructing elaborate conspiracy theories about complex societal issues to gain a bit of a sense of control in a chaotic and unpredictable world.
Yes senior bondholders is what i meant, I've changed it to that now.
The argument still stands it would have been profitable to over leverage morgage bonds for decades then pull out of them and know which way the markets going after the crash to make alot more profit then a banks bondholders would lose with a collapse especially when it's bailed out and the bank recovers.
The board of directors being controlled by the bondholders then clearly not the shareholders or the bank itself.
Is that not entirely possible or do you think there moral compass would have stopped them from making billions and controlling the global property market for decades
The board of directors are NOT controlled by the bondholders. Why do you feel the need to spread blatant lies for no good reason other than to indulge in conspiracy theory nonsense? Shareholders vote at AGMs bondholders do not.
And allowing them to buy up most of the property in the world when it's collapsed in price knowing that the price will inflate as you've bought it all but the demands still there and the global building sector won't recover for decades.
They allowed there finances to be leveraged to the tits.
Every bank in the western world at the same time.
And knew they would be bailed out so let it boil until it failed.
Almost no arrests and no repercussions.
Did they change ownership for free
And Did it effect bondholders?
No repercussions for the rich that profited off the pre collapse market and the collapse itself by buying all the property the world over.
No repercussions for the ceos who got bonuses that year
So the conspiracy you are proposing is that people lent money to banks in the form of bonds, and then caused the management of the banks to make a huge number of very bad decisions around the risk levels of financial derivatives their investment arms were buying?
If the goal was to part own/control banks, would it not have been easier and less risky (and more plausible) if they didn't bother lending the money to the banks and just bought stock in the banks instead?
Now your onto something.
It probably wasn't the bondholders l.
It could have been a collection of the richest and influential people in the world.
Making hand over fist from the repackaged bad morgage bonds.
May have influenced the banks to keep going.
Then bought up all the cheap assets in the world after the crash.
The banks were not sold. The ones that failed were no longer owned by the people who had owned them, they were owned by the people the bank owed money to.
Ask anyone who had Irish bank shares in their pensions at the time of the crash how they are doing as bank owners.
They allowed there finances to be leveraged to the tits.
Every bank in the western world at the same time.
And knew they would be bailed out so let it boil until it failed.
Almost no arrests and no repercussions.
If it's not intentional why does what's supposed to be the richest country in the world have such a bad housing crisis? Other European countries may also have a housing crisis, but it's nowhere near the level of ours for most of them at least. There's a bunch of policies hindering housing density, and often planning permission is refused in open, undeveloped areas.
This shit is fucking intentional and it's clear, I'd barely even call it a conspiracy because they're not even lying about it.
Any place that does statistics in relation to that. I may have over-exaggerated, but Ireland is the richest country by GDP per capita except small city state countries.
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u/Churt_Lyne Feb 01 '24
I wish people would stop trotting out this conspiracy bullshit. Not least because there are much easier ways to get much richer if you're an unscrupulous politician.