Public Sectors turn for a recession....
#161
just finding my feet
must admit i HATE things like that,,,, oh and changed my bonus targets as we was hitting them every month so they deemed it " too easy" so another 20% added as we was always 15% average over target
#162
*** Sierra RS Custard ***
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Chip,to be fair mate I do tend to agree with the majority of what you say on most occasions however at the moment mate the job Market is really dire and there are a hell of a lot of peeps out there literally working for £6-7 per hour 12 hours a day just to make ends meet,their not stupid people either I can promise you but when the wolfs at the door sometimes you drop your standards to survive.
If I had bills to pay and the only job I could find was cleaning the council toilets I'd take it, however I'd be spending some of my spare time making damn sure I wasnt stuck with the job forever. Ive worked in a cheese farm, ive worked for mcdonalds etc, and I'd do it all again if I needed to but I wouldnt settle for it long term.
Like I said, anyone who spends a long time working hard for fuck all money is stupid to do so.
I was very specific about that and I cant understand how so many people have manged to take it completely the wrong way despite how very clearly it was worded.
#164
*** Sierra RS Custard ***
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Ive been in debt quite a few times in my life, sometimes over cars, not because I had to but because I wanted to, and it made me harder up as a result than if I had just saved up the money rather than borrowing it and paying interest, hence ive learnt from it and wont do it again but it wasnt anyones fault other than mine in the first place though, I was just greedy and wanted the car now not wanting to wait till later one when i could afford it, no one held a gun to my head and made me sign anything!
Last edited by Chip; 22-10-2010 at 12:48 PM.
#165
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Agreed, its a totally fucking retarded argument that people HAD to get in debt just cause it was easy to do so.
Ive been in debt quite a few times in my life, sometimes over cars, not because I had to but because I wanted to, and it made me harder up as a result than if I had just saved up the money rather than borrowing it and paying interest, hence ive learnt from it and wont do it again but it wasnt anyones fault other than mine in the first place though, I was just greedy and wanted the car now not wanting to wait till later one when i could afford it, no one held a gun to my head and made me sign anything!
Ive been in debt quite a few times in my life, sometimes over cars, not because I had to but because I wanted to, and it made me harder up as a result than if I had just saved up the money rather than borrowing it and paying interest, hence ive learnt from it and wont do it again but it wasnt anyones fault other than mine in the first place though, I was just greedy and wanted the car now not wanting to wait till later one when i could afford it, no one held a gun to my head and made me sign anything!
110% agree!
#166
just finding my feet
Agreed, its a totally fucking retarded argument that people HAD to get in debt just cause it was easy to do so.
Ive been in debt quite a few times in my life, sometimes over cars, not because I had to but because I wanted to, and it made me harder up as a result than if I had just saved up the money rather than borrowing it and paying interest, hence ive learnt from it and wont do it again but it wasnt anyones fault other than mine in the first place though, I was just greedy and wanted the car now not wanting to wait till later one when i could afford it, no one held a gun to my head and made me sign anything!
Ive been in debt quite a few times in my life, sometimes over cars, not because I had to but because I wanted to, and it made me harder up as a result than if I had just saved up the money rather than borrowing it and paying interest, hence ive learnt from it and wont do it again but it wasnt anyones fault other than mine in the first place though, I was just greedy and wanted the car now not wanting to wait till later one when i could afford it, no one held a gun to my head and made me sign anything!
your missing the point, there is a level of letting someone get too much into debt that is NOT allowed to stop this happening,,, people was paying there loans/morgages with there credit cards,,,,,, i know a couple who got 3 credit cards and took the cash off them to raise 8k to pay for a deposit for there home,,,,,,, thats not ment to happen BUT IT DID which is what i was refering too them types of situations
some people are weak,,,,, ask ANYONE whos knows me will tell you i can sometimes do things that,,,,,, in reality aint the best idea but at the time makes sence but then in hindsight wasnt the best desision
as said i got my self into a MINOR amount of debt that i paied off might i add but there was a time that all this " free money" was being spent so helped the economy look richer than it was so it was let go till one day the dam bust and some people drowned and others are still trying to swim out of it and claiming they are hard done by
addicts of drugs are the same,,,, there is a reason why they aint legal and thats cause not everyone can be responsible and i guess they spoil it for the rest
we OVER loaned money which could have been avoided if we had a better set of rules in place at the time but now we have people declaring bankrupcy due to wasting cash on shite they dont need AND lets not forget the others who just aint bothered, will fold and start up again to help them have a free start and who takes the bill for all of this
#167
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And then when you highlight that so and so started with nothing and worked his way up they dont have anything constructive to say and turn to the race or immigration card
its like a stuck record, boring and predictable. And it sums up a significant proportion of the lower paid workers in this country.
maybe some are too thick to do better, in which case you just have to live with it and get on with things or youll always be miserable.
ahh but you see, people will still argue with you because they refuse to accept personal responsibility for their actions.
#168
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your missing the point, there is a level of letting someone get too much into debt that is NOT allowed to stop this happening,,, people was paying there loans/morgages with there credit cards,,,,,, i know a couple who got 3 credit cards and took the cash off them to raise 8k to pay for a deposit for there home,,,,,,, thats not ment to happen BUT IT DID which is what i was refering too them types of situations
#170
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your missing the point, there is a level of letting someone get too much into debt that is NOT allowed to stop this happening,,, people was paying there loans/morgages with there credit cards,,,,,, i know a couple who got 3 credit cards and took the cash off them to raise 8k to pay for a deposit for there home,,,,,,, thats not ment to happen BUT IT DID which is what i was refering too them types of situations
The banks responsibility is just in making sure there are assets to cover the debt to protect it's shareholders, which is what they have failed to do given the way house prices have dropped as they didnt take that into account etc.
The banks dont give a fuck if you lose your home or not providing they can recover their loan from the sale of it and why the hell should they care providing they make a profit for their shareholders? Its up to you as an adult to make your own financial decisions.
Maybe we should introduce a rule that you have to have at least a GCSE grade A or a A level pass grade in maths before you are allowed a mortgage to try and protect the retards of the world from getting loans they cant understand but no doubt that would be considered wrong too.
You really cant win a sensible debate when you are trying to get a stupid person to understand the answer
Last edited by Chip; 22-10-2010 at 01:41 PM.
#171
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Maybe we should introduce a rule that you have to have at least a GCSE grade A or a A level pass grade in maths before you are allowed a mortgage to try and protect the retards of the world from getting loans they cant understand but no doubt that would be considered wrong too.
#172
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Maybe we should introduce a rule that you have to have at least a GCSE grade A or a A level pass grade in maths before you are allowed a mortgage to try and protect the retards of the world from getting loans they cant understand but no doubt that would be considered wrong too.
#173
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or an IQ test GCSE and A level maths is too easy these days and they dont teach them how to use their heads with maths just to regurgitate calculation methods. papers went from being mostly white space where you have to choose your method and show it, to "part a do this, part b then do that, part c give answer". No wonder most of the younger generations lack common sense and cant think for themselves as their education hasnt forced them to use their fucking heads.. but yes a politician is technically correct when he says the syllabus hasnt been reduced
#174
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At least it would prove you understand the basic formula for compound interest and that you will be paying back MORE than you borrow, so if you cant afford it without the interest by saving up for it then you definately cant afford it with the interest by paying it off!
#175
just finding my feet
chip i think you will find there IS rules set in place to stop loaning people more than they can afford to pay back
as for the stupid person comment,,,,, i fail to see why just cause someone dont agree with you that makes them stupid
its simple,,,, if someone loans money they have NO FUCKING CHANCE OF PAYING BACK then it IS the banks problem,,,,, there is a morale code of somesort
ok ANOTHER spin on it, business loans,,,,,, banks pull the shutters on a business loan cause they seem it as took big a risk yet the person who has the business dont think its a bad idea so finds another way to borrow the money,,,,,, it fails and the bloke is in MORE debt,,, does that make him a stupid ?
loaning people money IMO is a bad idea apart from things NEEDED in life such as operation, home, funeral ect and loans for cars ect,,, sorry but they are the issue BUT they are big business and make banks ALOT of money so they happen and they RELY on stupid people to buy stupid things they cant afford, do not even need and will be paying for them LONG after they stop even using it
but again thats MY opinion of a person who used to borrow when i was young but wont anymore and my last loan was 5 years ago for central heating install
as for the stupid person comment,,,,, i fail to see why just cause someone dont agree with you that makes them stupid
its simple,,,, if someone loans money they have NO FUCKING CHANCE OF PAYING BACK then it IS the banks problem,,,,, there is a morale code of somesort
ok ANOTHER spin on it, business loans,,,,,, banks pull the shutters on a business loan cause they seem it as took big a risk yet the person who has the business dont think its a bad idea so finds another way to borrow the money,,,,,, it fails and the bloke is in MORE debt,,, does that make him a stupid ?
loaning people money IMO is a bad idea apart from things NEEDED in life such as operation, home, funeral ect and loans for cars ect,,, sorry but they are the issue BUT they are big business and make banks ALOT of money so they happen and they RELY on stupid people to buy stupid things they cant afford, do not even need and will be paying for them LONG after they stop even using it
but again thats MY opinion of a person who used to borrow when i was young but wont anymore and my last loan was 5 years ago for central heating install
#176
just finding my feet
chip its not about "cant afford" its about not wanting to save up for things anymore as its piss easy to get a loan
i used to work at cashconverters as a buying manager years ago and the amount of people that brought in there TV, stereos, ect,,,,,,, you KNEW when the house of cards was gonna fail but there was fuck all you could do,,, people bringing in there video to raise the cash to PAY THE INTEREST on there tv they done a BuyBack on last month
its stupid but it happened and thats what tought me about money and also turned me against it if im honest as i see how it made people act
#177
*** Sierra RS Custard ***
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Ive been writing finance software for quite a few years now and along the way Ive picked up on all sorts of the legal bits and pieces involved with being FSA regulated etc but Ive yet to see ANY rule that requires the lender to proove that the person taking the loan can pay the money back.
Please could you provide me with a link to these rules so that I can learn about those as with this stuff being my living im keen to be as clued up as I can.
as for the stupid person comment,,,,, i fail to see why just cause someone dont agree with you that makes them stupid
its simple,,,, if someone loans money they have NO FUCKING CHANCE OF PAYING BACK then it IS the banks problem,,,,,
If the security doesnt cover it, then the bank have taken a risk, whether that is a good risk or not would be something you could only tell my looking at a large number of loans and seeing how much profit was made on the ones that didnt default and how much loss on the ones that did.
ok ANOTHER spin on it, business loans,,,,,, banks pull the shutters on a business loan cause they seem it as took big a risk yet the person who has the business dont think its a bad idea so finds another way to borrow the money,,,,,, it fails and the bloke is in MORE debt,,, does that make him a stupid ?
Taking risks doesnt make you stupid, even when they dont pan out, IF they are calculated risks and the odds looks reasonable.
loaning people money IMO is a bad idea apart from things NEEDED in life such as operation, home, funeral ect and loans for cars ect,,, sorry but they are the issue BUT they are big business and make banks ALOT of money so they happen and they RELY on stupid people to buy stupid things they cant afford, do not even need and will be paying for them LONG after they stop even using it
but again thats MY opinion of a person who used to borrow when i was young but wont anymore and my last loan was 5 years ago for central heating install
Last edited by Chip; 22-10-2010 at 02:04 PM.
#178
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Doing what you have to in order to get by short term is exactly the right attitude to have, anyone who works LONG TERM (ie their whole working life) in a shit paid job where they work hard and earn very little though is stupid, it only takes an average of an hour an evening for 10 years and you have a degree in whatever subject you want, or countless vocational qualifications.
If I had bills to pay and the only job I could find was cleaning the council toilets I'd take it, however I'd be spending some of my spare time making damn sure I wasnt stuck with the job forever. Ive worked in a cheese farm, ive worked for mcdonalds etc, and I'd do it all again if I needed to but I wouldnt settle for it long term.
Like I said, anyone who spends a long time working hard for fuck all money is stupid to do so.
I was very specific about that and I cant understand how so many people have manged to take it completely the wrong way despite how very clearly it was worded.
If I had bills to pay and the only job I could find was cleaning the council toilets I'd take it, however I'd be spending some of my spare time making damn sure I wasnt stuck with the job forever. Ive worked in a cheese farm, ive worked for mcdonalds etc, and I'd do it all again if I needed to but I wouldnt settle for it long term.
Like I said, anyone who spends a long time working hard for fuck all money is stupid to do so.
I was very specific about that and I cant understand how so many people have manged to take it completely the wrong way despite how very clearly it was worded.
I know you said it was long term,I didnt dismiss your comments in anyway as a hell of a lot of what you say/said is bang on,sorry if it came across like that.
What I was getting at is people right now are afraid to leave relatively shit jobs compared to what they were previously doing as there's so much uncertainty right now in the job market.
I know boys with me who left ford to take 17k a year jobs as they were "secure",yet they left behind a job they were earning £35-40k in.
I used my own experience as an example but this is by no means unique,it's getting a lot like America now where second,even 3rd jobs are not uncommon.I totally agree with you about how people effectively can't be arsed to improve themselves are indeed stupid,I'm merely pointing out that,especially where I live as a city,it's getting harder and harder to even get a look in for a half decent job,people with degrees etc are working in mc Donalds etc,I'm not putting anyone down that does but if I'd spent 3-4 years studying and then took a job that I could have had at 16 I'd be devastated.
I agree with the co-illation,that a hardline approach is the right way,but I just hope they don't bring the country to a stop because they try to implement them too quickly.I mean realistically only the staunchest of left wingers would believe that these changes are unnecessary and it's something we've always been entitled to,but those days are gone.
#179
*** Sierra RS Custard ***
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i used to work at cashconverters as a buying manager years ago and the amount of people that brought in there TV, stereos, ect,,,,,,, you KNEW when the house of cards was gonna fail but there was fuck all you could do,,, people bringing in there video to raise the cash to PAY THE INTEREST on there tv they done a BuyBack on last month
its stupid but it happened and thats what tought me about money and also turned me against it if im honest as i see how it made people act
its stupid but it happened and thats what tought me about money and also turned me against it if im honest as i see how it made people act
#180
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people need to take responsibility plain and simple.
yes the banks arent without blame but remember who signs on the dotted line.
Even if they toughen up the lending criteria you will still have loads of idiots not repaying the money because on paper its dead easy to have a theoretical capability to repay the loan so there is always that element of trust.
the only way to remove that is to make customers save first for a few months (with statements to prove) to show they are capable of doing it. but even then a lot of morons will still fuck it up
you cant outlaw stupidity. even with finance...
yes the banks arent without blame but remember who signs on the dotted line.
Even if they toughen up the lending criteria you will still have loads of idiots not repaying the money because on paper its dead easy to have a theoretical capability to repay the loan so there is always that element of trust.
the only way to remove that is to make customers save first for a few months (with statements to prove) to show they are capable of doing it. but even then a lot of morons will still fuck it up
you cant outlaw stupidity. even with finance...
#181
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I know you said it was long term,I didnt dismiss your comments in anyway as a hell of a lot of what you say/said is bang on,sorry if it came across like that.
What I was getting at is people right now are afraid to leave relatively shit jobs compared to what they were previously doing as there's so much uncertainty right now in the job market.
I know boys with me who left ford to take 17k a year jobs as they were "secure",yet they left behind a job they were earning £35-40k in.
I used my own experience as an example but this is by no means unique,it's getting a lot like America now where second,even 3rd jobs are not uncommon.I totally agree with you about how people effectively can't be arsed to improve themselves are indeed stupid,I'm merely pointing out that,especially where I live as a city,it's getting harder and harder to even get a look in for a half decent job,people with degrees etc are working in mc Donalds etc,I'm not putting anyone down that does but if I'd spent 3-4 years studying and then took a job that I could have had at 16 I'd be devastated.
I agree with the co-illation,that a hardline approach is the right way,but I just hope they don't bring the country to a stop because they try to implement them too quickly.I mean realistically only the staunchest of left wingers would believe that these changes are unnecessary and it's something we've always been entitled to,but those days are gone.
She's anything but stupid though and took that job because there is a very real chance of career progression, something which is happening for her already and I am sure that in a couple of years she'll be assistant manager.
There are plenty of jobs like that where you can work you way up and I tell you what, fast food places are one of them.
My ex's brother left school at 16 and worked for burger king, but is bright and worked fucking hard, by the age of 30 he was an area manager and in a good year with bonuses was on more money than I earn as a computer programmer and part time motoring journalist combined.
There are LOTS of ways to increase your income over a long period of time if you are hard working and not stupid.
They arent all about education
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Well i blame the polish but seriously a lot of so called middle class have also acted fucking stupid and got morgages that they can not afford just to keep up with the jones, stupidity isnt only spawned from the working class, look at the jokers in charge of this country, so called intelligent people and they have done a great job aint they tory and labour by the way!!
#184
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he's cracked it.
just boils down to wanting something you don't have the cash for right now and paying more for it in the long run imo. that's why i borrowed loads of cash when i was a kid. nothign more nothing less.
would i do the same now? fuck no... because i take responsibility for my situation, have more riding on it (i.e. my own places), and am generally a bit more patient!
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he's cracked it.
just boils down to wanting something you don't have the cash for right now and paying more for it in the long run imo. that's why i borrowed loads of cash when i was a kid. nothign more nothing less.
would i do the same now? fuck no... because i take responsibility for my situation, have more riding on it (i.e. my own places), and am generally a bit more patient!
just boils down to wanting something you don't have the cash for right now and paying more for it in the long run imo. that's why i borrowed loads of cash when i was a kid. nothign more nothing less.
would i do the same now? fuck no... because i take responsibility for my situation, have more riding on it (i.e. my own places), and am generally a bit more patient!
Last edited by gaz s1; 22-10-2010 at 03:36 PM.
#186
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your missing the point, there is a level of letting someone get too much into debt that is NOT allowed to stop this happening,,, people was paying there loans/morgages with there credit cards,,,,,, i know a couple who got 3 credit cards and took the cash off them to raise 8k to pay for a deposit for there home,,,,,,, thats not ment to happen BUT IT DID which is what i was refering too them types of situations
some people are weak,,,,, ask ANYONE whos knows me will tell you i can sometimes do things that,,,,,, in reality aint the best idea but at the time makes sence but then in hindsight wasnt the best desision
as said i got my self into a MINOR amount of debt that i paied off might i add but there was a time that all this " free money" was being spent so helped the economy look richer than it was so it was let go till one day the dam bust and some people drowned and others are still trying to swim out of it and claiming they are hard done by
addicts of drugs are the same,,,, there is a reason why they aint legal and thats cause not everyone can be responsible and i guess they spoil it for the rest
we OVER loaned money which could have been avoided if we had a better set of rules in place at the time but now we have people declaring bankrupcy due to wasting cash on shite they dont need AND lets not forget the others who just aint bothered, will fold and start up again to help them have a free start and who takes the bill for all of this
some people are weak,,,,, ask ANYONE whos knows me will tell you i can sometimes do things that,,,,,, in reality aint the best idea but at the time makes sence but then in hindsight wasnt the best desision
as said i got my self into a MINOR amount of debt that i paied off might i add but there was a time that all this " free money" was being spent so helped the economy look richer than it was so it was let go till one day the dam bust and some people drowned and others are still trying to swim out of it and claiming they are hard done by
addicts of drugs are the same,,,, there is a reason why they aint legal and thats cause not everyone can be responsible and i guess they spoil it for the rest
we OVER loaned money which could have been avoided if we had a better set of rules in place at the time but now we have people declaring bankrupcy due to wasting cash on shite they dont need AND lets not forget the others who just aint bothered, will fold and start up again to help them have a free start and who takes the bill for all of this
If anyone tries to blame someone paying a house deposit on a credit card on anyone but the fact they didn't have two brain cells to rub together, they are absolutely wrong. These are the same people who jump off cliffs into pools filled with rocks and blame the council for not putting up signs about rocks in the sea.
There are dozens of these irresponsible idiots meandering round bankruptcy proceedings every week.
I actually know of someone who said they were 'so poor' they 'needed' to spend £4000 on a credit card to pay for a holiday to make themselves feel better. There is just no contemplation of just staying at home for nothing.
Do you know what? There is a small proportion of genuinely insolvent people who actually cannot become bankrupt quick enough and get flogged with the stick of fiscal irresponsibility due to the 'ohhh me wanty' of a few who probably couldn't correct themselves to walk the correct way if you turned them around in the street. Before you say it; no I've never been bankrupt and no I've never wanted to become bankrupt.
#187
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So finally everyone agrees all mp,s and bankers are stupid as they for sure have not lived in their means bringing there corporations and countries to the point of bankruptcy and im pretty sure most of these people are pretty intelligent and well educated but plainly STUPID!!, so the taking an iq test for finance has just been blown out of the water??
That is absolutely NOT what I was saying!
Learn about the financial markets then come back...
#188
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So finally everyone agrees all mp,s and bankers are stupid as they for sure have not lived in their means bringing there corporations and countries to the point of bankruptcy and im pretty sure most of these people are pretty intelligent and well educated but plainly STUPID!!, so the taking an iq test for finance has just been blown out of the water??
That coupled with paying comissions which encouraged agents arranging loans to show people how to lie on forms etc put the banks in a position where sadly they didnt know enough about what they were lending, on paper it seemed like they did, but only until the lies became apparent.
Relatively difficult thing to plan against, especially in a competitive marketplace.
People are acting like its the banks that have fucked our economy but to a large extent its the other way around
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what i was saying is financial stupidity runs through all walks of society not just the working class, so taking an iq for finance would not work as obviously having an iq makes no difference whatever when it comes to greed and wanting more!(than you can afford) so i stand by taking an iq before you get finance wouldnt work and i have no interest whatever in the financial markets but its pretty obvious than they were run by stupid people as look at the mess theygot themselves in and of this there is no questionj!! or do you think they were run properly and it must be the poors fault they got to the point of bankruptcy??? and chip i read what you wrote above but are you telling me they didnt know how many people were thinking fuck it imgoing bust but decided just too ignore the warning signs, STUPIDITY at the highest level!!, they didnt know what they were lending and to whom, wow im glad i aint got there brains and couldnt foresee it going tits up!!
Last edited by gaz s1; 25-10-2010 at 01:19 PM.
#190
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sorry but an IQ test WOULD weed out a significant amount of undesirables from getting credit. its just the clever but stupid people who would be left, but then they are likely to be clever enough to lie/concoct stories to get past most measures you could put in place other than simple credit search and there are ways round that.
as chip says not forgetting the route of fucking everyone for a couple of years then going bankrupt and doing it all again when your credit history clears down
as chip says not forgetting the route of fucking everyone for a couple of years then going bankrupt and doing it all again when your credit history clears down
#192
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ok clever people with no common sense.... there are plenty of them who score very highly in any IQ test yet cant grasp the basics of "common sense", relationships, driving etc etc.
or people who are clever but knowingly choose to fuck the system as they know they can get away with it.
or people who are clever but knowingly choose to fuck the system as they know they can get away with it.
#193
ok clever people with no common sense.... there are plenty of them who score very highly in any IQ test yet cant grasp the basics of "common sense", relationships, driving etc etc.
or people who are clever but knowingly choose to fuck the system as they know they can get away with it.
or people who are clever but knowingly choose to fuck the system as they know they can get away with it.
My Uncle Tom is MASSIVELY intelligent. His IQ is summat daft and he's got degrees in allsorts, I really can't put into words how intelligent he is. You could ask him all manner of obscure questions and he'd know the answer, but he's a fucking DRIP!! He works in a coffee shop and I wouldn't trust him to tie his own shoelaces..... Intelligence bears nothing in the grand scheme of things, common sense does!
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ok clever people with no common sense.... there are plenty of them who score very highly in any IQ test yet cant grasp the basics of "common sense", relationships, driving etc etc.
or people who are clever but knowingly choose to fuck the system as they know they can get away with it.
or people who are clever but knowingly choose to fuck the system as they know they can get away with it.
#195
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My Uncle Tom is MASSIVELY intelligent. His IQ is summat daft and he's got degrees in allsorts, I really can't put into words how intelligent he is. You could ask him all manner of obscure questions and he'd know the answer, but he's a fucking DRIP!! He works in a coffee shop and I wouldn't trust him to tie his own shoelaces..... Intelligence bears nothing in the grand scheme of things, common sense does!
#196
PassionFord Post Whore!!
I'm old enough to remember lending money when Credit Controls were in place.
In the good old days there were minimum deposits for different categories of assets, and we used to loan a lot of money for furniture - perhaps because it had about the lowest deposit requirement.
The number of punters who couldn't wait to tell us about how their week in the sun or new car was going, after borrowing the money for furniture, was really quite a lot and we weren't upset when the controls were abolished.
We also had a set formula to assess affordability - we took net income (without bonuses or commission unless consistent over 6 months), and allocated half to living costs, then deducted housing costs and other commitments. If the amount left covered the loan repayment you were ok, if it didn't you couldn't get the loan.
Even then, people used to get quite antsy at being told they couldn't have the loan - god only knows what it would be like in today's can't wait, won't wait world. Sadly, there is little or no personal responsibility her, but LOTS and LOTS of personal rights.
In the good old days there were minimum deposits for different categories of assets, and we used to loan a lot of money for furniture - perhaps because it had about the lowest deposit requirement.
The number of punters who couldn't wait to tell us about how their week in the sun or new car was going, after borrowing the money for furniture, was really quite a lot and we weren't upset when the controls were abolished.
We also had a set formula to assess affordability - we took net income (without bonuses or commission unless consistent over 6 months), and allocated half to living costs, then deducted housing costs and other commitments. If the amount left covered the loan repayment you were ok, if it didn't you couldn't get the loan.
Even then, people used to get quite antsy at being told they couldn't have the loan - god only knows what it would be like in today's can't wait, won't wait world. Sadly, there is little or no personal responsibility her, but LOTS and LOTS of personal rights.
#197
Were you highlighting that point to make yourself look intelligent or show your knowledge of the English language.......?
#199
PassionFord Post Whore!!