Attention: the Rankines Panorama BBC1 20:30 10/11/2008

[sosumi]

Are you sure it was red, sosumi, I remember it as yellow? Surely it was Lifebuoy that was red?

 

I'm obviously older than you as I remember my mother at the copper, along with the dolly (& the dolly blue - recall that one?) & the mangle so if I've got the colour wrong, blame it on the dead brain cells!

I'll bow to your great age then FG Only joking, I'm probably missing more brain cells than you

I was thinking anyway, a copper would have been a luxury once.

What a bloody good idea a dolly tub was! And mangles!! Dolly tubs, mangles and soap like housebricks - no electricity required.

It might all come round again. Maybe it has to...

[beetzart]

Another great post BRW.

[sosumi]

Maybe this is the great leveller - all of this? A dolly tub would be a luxury in many parts of the world, so...

I'd personally feel great satisfaction walking next to the wife of an ex-banker to the nearest stream to wash our clothes...

What would wealth be then? A bar of soap? Water?

Maybe this is when the world gets straightened out.

[noomill060]

I have a 'spensive chrome kettle which doesnt work and will be returned to Messers. Argos on the morrow.

 

As back up, I have reinstated the perfectly good plastic kettle, purchased 1987 from Messers. Tesco for £4.99.

 

(I can post a photo of either appliance if needed)

[sosumi]

This is worth reading.

http://i189.photobucket.com/albums/z60/mypics192/GreatBurdenp1.jpg

http://i189.photobucket.com/albums/z60/mypics192/GreatBurdenp2.jpg

http://i189.photobucket.com/albums/z60/mypics192/GreatBurdenp3.jpg

http://i189.photobucket.com/albums/z60/mypics192/GreatBurdenp4.jpg

[sosumi]

From the article in the last post - published May 2007:

“What all these numbers mean,” they say, “is there is a lot of delinquent debt to collect in Britain and there will be much more in the months and years ahead.

“That could spell opportunity for buyers and agencies that can learn the market quickly. At least two major U.S. players have already done just that and are active there. The UK collection industry remains fairly fragmented: There are up to 500 agencies, mostly contingency collectors that don’t buy their own paper.

“The U.K. debt-purchasing sector is smaller than that of the U.S. but matches it in vigor and growth. There is a good deal of American capital invested so far and probably room for savvy newcomers as well. The secondary market has yet to develop in earnest.

“Those thinking about getting into the Great british debt race should be well capitalized and consider partnering with existing buyers and agencies that are reputable and well established.”

[nuthatch]

BRW for PM x

 

 

Hear Hear.

 

I will be your Campaign Manager, Secretary or even Tea Lady for nothing

[foolishgirl]

What a bloody good idea a dolly tub was! And mangles!! Dolly tubs, mangles and soap like housebricks - no electricity required.

It might all come round again. Maybe it has to...

 

You've obviously never had to do a week's family wash with a dolly sosumi - including sheets!! It's sheer exhausting & I'd probably not have lived to my great age if I'd had to do it for the last ermm.. years.

I'd go into debt in the millions to keep my all singing, all dancing washer!

 

Some aspects of the good ole days are only good to those who haven't lived through 'em....

[sosumi]

Good idea in terms of no washer and no electric FG, not 'good ole days'.

[foolishgirl]

No, no , no!! DEFINITELY not a good idea.

[sosumi]

No, no , no!! DEFINITELY not a good idea.

Too late FG, I've decided to be a dolly-tub tycoon. xx

YOU WILL NEVER NEED A DOLLY TUB!

(1)These services will be free to all CAG members - forever.

I intend to employ ex-bank/DCA employees/tycoons at minimum wage, to do the washing.

(1)(This will be in the Terms and Conditions of their Job Agreements -

Valid even if not read by them!)

[Guest Menucha]

Too late FG, I've decided to be a dolly-tub tycoon. xx

YOU WILL NEVER NEED A DOLLY TUB!

(1)These services will be free to all CAG members - forever.

I intend to employ ex-bank/DCA employees/tycoons at minimum wage, to do the washing.

 

(1)(This will be in the Terms and Conditions of their Job Agreements -

Valid even if not read by them!)

 

Sosumi, If you're going to be a dolly tub tycoon can I please bring my big old iron mangle - pretty pleeeeeze?. I'm sure your wonderful, kind and respectful employees could make good use of it to MANGLE UP ALL THOSE DUFF CCAs.

[sosumi]

Sosumi, If you're going to be a dolly tub tycoon can I please bring my big old iron mangle - pretty pleeeeeze?. I'm sure your wonderful, kind and respectful employees could make good use of it to MANGLE UP ALL THOSE DUFF CCAs.

Absolutely you can. All welcome.

We could 're-skill' them.

[The GodMother]

do they do ironing? and cleaning?

[Guest Menucha]

Oh my goodness Godmother!!!!!!!!!!! Ironing AND cleaning??????????????

 

How about putting them in shackles and making a DCA/Bankers Chain Gang - they'd soon get the hang of it :lol:

 

Oh by the way - me mangles Green - a suitable colour don't you think???

[The GodMother]

well i cant stand ironing so it will help me.

 

and the clean i thought would be a bonus

[overdone]

gonna record it just in case there is something on it i can put on youtube ha ha

and......did you put anything on you tube?

[Guest Menucha]

Godmother, when they've done yours stick 'em in a plane - ooooops sorry they wouldn't pay - a barrage balloon would be better - and send them over here to do mine.

[overdone]

By 2014, the bankers will own 68% of all Property, and they'll be looking for passengers to climb aboard the next banking fairy story Balloon trip into the sky. Don't worry that you cannot afford the Ticket, they'll lend you a pile of invisible Number-Money to Buy it.

 

Likewise, if you want to Buy a House, they'll Sell you one they now own, and will lend you an even bigger pile of Number-Money so you can think you are Buying it (although they'll still own it).

BRW

"Lions, tigers and bears, oh my!" Where the Rankines are concerned why were they lent such a rediculous amount of money to start with? A computer access from a bank to the credit reference bureaus would show the amount of money they already owed which I thought was the point of this system. Banks can lend responsibly. That bank manager said that if people like the rankines don't pay someone else has too, but who designates responsibility for that course of action? The banks. Now, who does pay the money for all those bonuses for irresponsible lending?

[The GodMother]

Godmother, when they've done yours stick 'em in a plane - ooooops sorry they wouldn't pay - a barrage balloon would be better - and send them over here to do mine.

 

 

If your in Narnia would a wardrobe not be better?

[citizenB]

BRW for PM x

 

Yep, he has my vote as well.

[Guest Menucha]

If your in Narnia would a wardrobe not be better?

 

Oooh silly me......... Please make sure it's a green one to match the mangle.

[cashins]

Banks can lend responsibly. That bank manager said that if people like the rankines don't pay someone else has too, but who designates responsibility for that course of action?

 

Ummmmm, yes but he neglected to say you have already paid for it anyway.

 

One of the factors affecting interest rate being charged for any particular loan facility is the percentage of customers expected to default on payment. This is arrived at through a number of factors. Risk factor- 1st mortgages are safer than Buy now Pay Later! Expected customer profile, length of loan, longer= more time to default, market experience and yes, they employ actuaries.

 

The expected default level is then built into the price, the limiting factor being what the market will stand.

 

Simply:

 

If default = expected level, the company makes the expected return.

 

If lower default = higher than expected return.

 

If higher default = ooops! Lower than expected return.

 

In the latter case this will filter into higher rates/tighter undewriting terms, which is exactly what is happening.

 

David

[sosumi]

Check this:

BBC NEWS | Programmes | Panorama | How far will creditors go to get their cash?

30-second intro, followed by 'Leanne's battle' - the phone operator's responses (1st Credit) have gone, replaced by BBC text to explain what 1st Credit were saying instead.

No mention of Rankines...

Whole thing is at most 2 minutes, with 1st Credit's response underneath.

HUGE HUGE EDIT!!!

[hillards]

HUGE HUGE EDIT!!!

That was the BBC News page to promote the main show, which was already on-line when the show was broadcast. It's not really meant to be an edit of the full show, but (being the BBC) you can't call it an advert either...