Posts Tagged ‘work’

“Fight Against Stupidity And Bureaucracy”

.

We had it with the real estate market. Billions of dollars being lent to people who obviously couldn’t afford it.

We saw the trouble, hardship, misery and financial woes that were caused as credit dried up, real estate prices began to tumble, and bankruptcies and foreclosures increased.

And we know the damage it did to the economy when irresponsible banks and other lenders went bust and almost brought down the entire financial system. 

Smart people would learn from such a situation.

Smart people would never contemplate doing such a thing again.

But despite what they would like to have you believe, bankers are not smart people. They’re dumb and they are greedy, a deadly combination.

bad credit 100 percent financing

As a result of the financial crisis millions of Americans (and people in other countries too) have been left with poor credit scores. Yet remarkably they are now able to easily obtain auto loans from used-car dealers, including some who fabricate or ignore borrowers’ abilities to repay. Even if you are bankrupt or living only on social security, banks like Wells Fargo will lend you thousands of dollars to buy a used car.

It’s called the new sub-prime boom, because the lack of caution resembles the frenzied sub-prime mortgage market before its collapse. And it is already bringing misery to many people who have been suckered into taking out loans that they clearly could not afford.

Worse than that, these sub-prime auto loans often come with terms that take advantage of the most desperate, least financially sophisticated customers, with interest rates that can exceed 20 percent. And many of the loans can be at least twice the value of the second hand cars they are being used to purchase!

wall street car crash

This creates a vicious circle for some borrowers, who still owe money on a car that they are trading in when they purchase another one, meaning that the former debt is rolled over into the new loan and they end up, not just paying too much for their current car, but also continue to pay off the loan on their previous car that they don’t even have!

This is the way loan sharks operate. Eventually you end up borrowing your own money and paying them interest for the privilege!

This surge in sub-prime auto lending is being driven by some of the same dynamics that were at work in sub-prime mortgages. There is a veritable deluge of money pouring into sub-prime autos, as the high rates and steady profits of the loans attract investors.

And just as Wall Street stoked the boom in mortgages, some of the nation’s biggest banks and private equity firms are now feeding the growth in sub-prime auto loans by investing in lenders and making money available for loans.

To quote some of the figures, auto loans to people with bad credit have risen more than 130 percent in the five years since the immediate aftermath of the financial crisis, with roughly one in four new auto loans last year going to borrowers considered sub-prime, that is, people with credit scores at or below 640. Wells Fargo, mentioned earlier, made $7.8 billion in auto loans in the second quarter of this year, up 9 percent from a year earlier, and has at least $50 billion in auto loans on its books.

greedy bankers

Even worse, as was the case with sub-prime mortgages before the financial crisis, many sub-prime auto loans are being bundled up into complex bonds and sold as securities by banks to insurance companies, mutual funds and public pension funds. They are all scrambling for these, which in turn creates ever-greater demand for loans, and leads to the banks issuing more and more sub-prime credit.

Unbelievably it’s the same crooks doing exactly the same thing, including using incorrect information about borrowers’ income and employment, so that people who had lost their jobs, or were bankrupt, or living on Social Security, could qualify for loans that they could never afford.

carbuying credit report

Admittedly, the size of the sub-prime auto loan market is only a tiny fraction of the sub-prime mortgage market at its peak, and its implosion would not have the same far-reaching consequences.

For the banks the investors silly enough to buy their bonds, that is.

But the misery is just as great for the people who are suckered into accepting credit they cannot afford.

Illegal it may not be, but immoral it certainly is.

Political leaders who sit astride high horses and purport to be working on behalf of the ordinary people should be doing something about it.

But, as I’ve said before, don’t hold your breath!

obama used car salesman

.

====================================================

.

“Fight Against Stupidity And Bureaucracy”

.

And the best time for puns is today!

By the way, no liability accepted, so try not to hurt yourselves laughing.

Enjoy or endure!

.

rofl

.

I threw out my vacuum cleaner last week.

It was just gathering dust.

vacuum cleaner

.

.

I work for the hospital dealing with

moving patients between different areas.

It’s a rewarding job.

moving patients

.

.

I’ve had to break up with my imaginary girlfriend.

I’ve started seeing someone else.

my imaginary girlfriend

.

.

My wife always cooks our Christmas Ham in a bottle of wine.

I have no idea how she gets it in there, but it tastes brilliant.

Christmas Ham

.

.

What’s the difference between ‘Approximately’ and ‘Roughly’?

Men are never accused of treating women approximately.

Approximately Roughly

.

.

After battling for years to overcome

my addiction to alcohol gel,

I’m finally clean.

alcohol gel

.

.

Grandad was talking about getting

a hip replacement for my Grandma.

“Someone younger and trendier,” he said,

“Like Megan Fox or Mila Kunis.”

Megan Fox

.

.

I wasn’t always into peer pressure……

My friends got me into it.

peer pressure

.

.

Ever since I took the rear view mirror out of the car

…..I’ve never looked back

the rear view mirror

.

.

I sat down on the settee today to relax and watch a bit of football,

but the picture on the telly was so terrible I couldn’t bear it.

I hate wedding photos.

wedding photos

.

.

I typed an essay in Word about a concerned Bugs Bunny.

I then saved it as ‘Whats Up.doc’

whats-up-doc

.

.

If you like wordplay jokes about pissing

then urine for a treat.

jokes about pissing

.

.

I’ve been offered a job by the government’s Department of New Words.

It’s a fantastic opporchancity.

opporchancity

.

.

I’ve just opened a casino for dogs.

They can play roulette, poker, blackjack

and a host of other games all under one roof.

They have to go outside for craps though.

dogs_poker

.

.

Finally for this week,

and with a certain blog friend in mind,

what did the three campanologists who

fell off a bridge in Paris, France start playing?

“I’m ringing in the Seine, just ringing in the Seine…”

.

.

=========================================

.

“Fight Against Stupidity And Bureaucracy”

.

As if you didn’t know from the title – it’s pun day again!

More word play jokes to be enjoyed or endured depending on your taste.

Try them out.

And enjoy!

.

rofl

.

My wife and I were happy for 25 years.

Then we met.

wife-husband-cartoon(3)

.

.

I went for an audition the other day.

They were casting 13 people to be clouds.

14 showed up.

It was overcast.

films-standing_in_line-stands-queues-audition-auditioning-tzun414l

.

.

Billy: “Did you that movie yesterday where

the actress that was stabbed by a psycho?

Reese…what’s her name?”

Tommy: “Witherspoon?”

Billy: “No with a knife.”

Reese Witherspoon

.

.

Have you ever had an accident at work?

Yes, my secretary is pregnant.

secretary pregnant

.

.

Rats are under rated.

Just check your dictionary.

dictionary rat

.

.

I woke up this morning and there was a bloke stealing my gate.

I didn’t want to say anything in case he took a fence.

Fence Main

.

.

The fattest man in Britain has recently relocated

from Bath to Poole as he ‘needs more living space’.

bath

.

.

Some terms are really misleading.

I went into the changing room several times.

It was still the same.

Changing-Room-Door

.

.

I used to feed gorillas at the Zoo from a distance using a golf club.

I’d drive them bananas.

monkey_likes_banana_golf_ball

.

.

I was asked to describe my life in a nut shell.

“Very dark and cramped,” I replied.

Nutshell

.

.

I lost my watch earlier.

I would have looked for it but I didn’t have the time.

Watch

.

.

My friend Daniel wouldn’t believe me when

I told him that his name was an anagram.

He’s in denial.

denial

.

.

I was going to start taking self defense lessons

but I decided on a math class instead.

I’m a firm believer there’s safety in numbers.

sums25eq

.

.

I saw a billboard on the way to work this

morning that read “Future Events.”

Well, that’s a sign of things to come.

Future_Events

.

.

A Zulu walking through the jungle comes across a pygmy standing over a dead lion.

“Did you kill that lion?” asks the Zulu.

“Yeah, I beat it to death with my club,” the pygmy replies.

“Wow, you must have a big club,” says the Zulu.

“Yes,” replies the pygmy. “There’s about thirty of us.” 

pygmy

.

======================================

.

“Fight Against Stupidity And Bureaucracy”

.

The clue is always in the title.

Yes, prepare to give you chuckle muscles a workout.

It’s pun day.

Another selection of those jokes you love to hate.

Enjoy   

.

rofl

.

I’ve been trying to get this computer to work for an hour now.

Wish I’d bought a laptop.

So much lighter to carry.

man-carrying-large-computer

.

.

.

My friend clearly wears dentures but won’t admit it.

He’s lying through his teeth.

funny-false-teeth-cartoon

.

.

.

Still thinking of taking that long term job in the PDRK?

Personally I’d choose a different Korea.

north-and-south-korea

.

.

.

As my wife and three of her friends

squeezed into the car after WeightWatchers,

I muttered under my breath, “Fat cows.”

“What was that?” snapped my wife.

“You herd.”

mad_cow_cartoon

.

.

.

I thought I was in for the long hall.

But it was just a really big mirror at the end of it.

long hall

.

.

.

I was in the fitting room when a

beautiful woman walked in holding a lacy bra.

I think she was trying it on.

fitting room cartoon

.

.

.

Scientists have discovered a new shade of green.

It’s sublime.

sublime_360

.

.

.

Old MacDonald loves to play with action dolls….

G I G I Joe.

GI Joe

.

.

.

I clicked on the ‘Home Alone’ link earlier.

It opened a page for an Italian mortgage company.

euro

.

.

.

I entered my dog in the redneck dog show last week.

She won “Best Inbreed.”

redneck dogs

.

.

.

Would anyone like to buy any cymbal shaped pillows?

$50 Per cushion.

cymbals

.

.

.

Think the worst time of my life was when I worked as a cinema usher.

I was in a very dark place back then.

movie_usher

.

.

.

It’s amazing how a piece of technology as simple

as a tablet can revolutionize your life.

Those viagra are amazing.

viagra_45305

.

.

.

I’ve found the alcohol which has solved all my problems.

It was liqueur.

liqueur bottles

.

.

.

I have a lot of hangups.

I blame telemarketers.

telemarketer_cartoon

.

.

.

I’ve styled my hair so that it appears like I’ve got horns.

It’s my gnu look.

Baby Gnu

.

.

.

NSA whistleblower Edward Snowden left Moscow Airport a while ago.

He’s no longer hiding in plane site.

CIA-NSA-Edward-Snowden_1

.

.

.

Bauxite refining is a secret carefully guarded by the aluminati.

aluminium rolls

.

.

.

I can’t see the new Nicholas Cage action movie doing very well.

He plays a wrongly convicted man, trapped among

a bunch of the world’s most dangerous criminals,

all stuck inside a Refrigeration Factory.

It’s called Air Con

nicolas cage con air cartoon

.

.

.

Finally when I saw a woman had broken down at

the side of the road I didn’t stop to help her.

I’m not a psychiatrist.

cartoon psychiatrist by Ron Leishman

.

====================================

.

“Fight Against Stupidity And Bureaucracy”

.

Another super blooper bundle from the newspapers.

Something in here should rise a smile and provide an embarrassment or two for the editorial staff.

Enjoy.

.

.

np_sorority

.

.

.

np_spanishtests

.

.

.

np_sprung_a_leak

.

.

.

np_stabbed

.

.

.

np_stickponies

.

.

.

np_succulentrack

.

.

.

np_sumosnickers

.

.

.

np_supreme

.

.

.

np_taughttoeat

.

.

.

np_taseredsheep

.

===================================================

.

 

“Fight Against Stupidity And Bureaucracy”

.

Latest edition of the midweek look at the newspaper nightmares. 

The philosophy seems to be that if you are an idiot you should let as many people as possible know!

Enjoy.

.

.

np_pull-out-and-save

.

.

.

np_pussy

.

.

.

np_quitsmoking

.

.

.

np_reportonreports

.

.

.

np_rimjobs

.

.

.

np_rosie

.

.

.

np_sabre

.

.

.

np_sausagefactory

.

.

.

np_save

.

.

.

np_seaman

.

.

.

np_sexoffender

.

.

.

np_shoplifter

.

.

.

np_smallpackage

.

.

.

np_snack

.

.

================================================

.