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Author |
Thread Statistics | Show CCP posts - 3 post(s) |
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CCP Wrangler
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Posted - 2008.10.16 16:52:00 -
[1]
Lately the whole world has experienced a lot of economic turmoil, and Iceland has been hit hard by this development. As a result we have seen a lot of discussions and posts asking how this affects CCP, EVE Online and the Fanfest. Things are better than you might think though, as our CEO, CCP Hellmar, explains in his blog: Born Global!
Wrangler Community Manager CCP Hf, EVE Online Email
Reducing lag in EVE: The Jita Conundrum - StacklessIO or: How We Reduced Lag - Such Stuff As Dreams Are Made On - EVE64 - My node was equipped with the following... |
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Fredou
Gallente Hidden Agenda Deep Space Engineering
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Posted - 2008.10.16 16:56:00 -
[2]
tons of blog these days, nice
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Marus Safeld
Caldari Trojans Souls of Vengeance
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Posted - 2008.10.16 17:06:00 -
[3]
Originally by: Fredou tons of blog these days, nice
The impact of the ghosttraining nerf must be worse than expected.
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Altaree
Red Frog Investments Blue Sky Consortium
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Posted - 2008.10.16 17:20:00 -
[4]
I would like to do a USD to Kroner comparison but I don't know what a Kroner buys.... Any help?
Blue Sky |
Kappas.
Galaxy Punks
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Posted - 2008.10.16 17:33:00 -
[5]
What about the fact that a lot of people (from the UK anyway) are finding it extremely difficult (if not impossible) to get ahold of real world isk? __________________
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Qob
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Posted - 2008.10.16 17:35:00 -
[6]
I like how he calls Iceland's politicians a bunch of parochial hillbillies (in the nicest possible way, of course).
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James Marshalll
Gallente
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Posted - 2008.10.16 17:38:00 -
[7]
Originally by: Fredou tons of blog these days, nice
gotta cover tracks somehow.
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Chribba
Otherworld Enterprises Otherworld Empire
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Posted - 2008.10.16 17:42:00 -
[8]
Secure 3rd party service ■ Veldspar |
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Arithron
Gallente Gallente Trade Alliance
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Posted - 2008.10.16 17:50:00 -
[9]
Thanks for the reassurance! I can sleep easy knowing Eve will still be there when I wake up...
Keep these excellent blogs coming; I personally value such open and expedient communication!!!
take care, Arithron
Better to be a live dog than a dead lion... |
Haradgrim
Tyrell Corp INTERDICTION
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Posted - 2008.10.16 17:53:00 -
[10]
Good response, better than the press releases most CEOs in the EU or US are releasing this week. --
Originally by: CCP Oveur ...every forum whine feels like a baby pony is getting killed
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Mashie Saldana
Sharks With Frickin' Laser Beams
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Posted - 2008.10.16 17:58:00 -
[11]
Will you accept creditcards at FanFest this year?
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Ishina Fel
Caldari Synergy. Imperial Republic Of the North
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Posted - 2008.10.16 18:03:00 -
[12]
Has CCP considered to finally take its first open step towards World Domination, and buy up Iceland while the situation is convenient?
Just think about it, you could have 300,000 new employees, and set them to work with just a government decree...
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DeODokktor
Dark Templars The Fonz Presidium
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Posted - 2008.10.16 18:15:00 -
[13]
Not sure if your complaining about Gordon Brown, or your own version of him :P..
What your PM did was wrong.. What Gordie did was equally wrong..
Childish move -vs- Childish move ;(
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Serenity Steele
Dynamic Data Distribution Ministry of Information
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Posted - 2008.10.16 18:16:00 -
[14]
Good to see a Dev post on this, and glad to see it matches expectations - distributed customers and currencies ftw!
≡v≡ Strategic Maps in Eve-Online Store | eve-maps.com |
Hugh Ruka
Exploratio et Industria Morispatia
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Posted - 2008.10.16 19:04:00 -
[15]
well given the recent money-grab actions from CCP (GTC change, ghost training change, Power of 2 promotion) I guess this does play a minor role ...
anyway I'd think you would just ignore any of these ... I mean I am not interested about hearing "global financial crisis" on every corner, even in the game I play to relax ... --- SIG --- CSM: your support is needed ! |
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CCP Wrangler
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Posted - 2008.10.16 19:16:00 -
[16]
Originally by: Mashie Saldana Will you accept creditcards at FanFest this year?
Yes, your plastic will work at Fanfest.
Wrangler Community Manager CCP Hf, EVE Online Email
Reducing lag in EVE: The Jita Conundrum - StacklessIO or: How We Reduced Lag - Such Stuff As Dreams Are Made On - EVE64 - My node was equipped with the following... |
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Niheim Brandt
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Posted - 2008.10.16 19:21:00 -
[17]
Icelanders do seem pretty impressive.
A) You eat rotted shark (kµstur hßkarl?) B) You have crazy liquor (brennivfn?) C) You have marches in support of the government during an economic meltdown
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CCP Wrangler
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Posted - 2008.10.16 19:25:00 -
[18]
Originally by: Niheim Brandt Icelanders do seem pretty impressive.
A) You eat rotted shark (kµstur hßkarl?) B) You have crazy liquor (brennivfn?) C) You have marches in support of the government during an economic meltdown
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A) When they tell you it's a delicassy and tell you to try it, DON'T BELIEVE THEM! B) The only time you should drink this is if you didn't follow my advice in A.
Wrangler Community Manager CCP Hf, EVE Online Email
Reducing lag in EVE: The Jita Conundrum - StacklessIO or: How We Reduced Lag - Such Stuff As Dreams Are Made On - EVE64 - My node was equipped with the following... |
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Tara Yang
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Posted - 2008.10.16 20:44:00 -
[19]
You know this blog was a great oppertunity to give some more insight in the ghost training fiasco.
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IR Scoutar
Caldari State War Academy
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Posted - 2008.10.16 20:51:00 -
[20]
not the blog i was expecting from the CEO of CCP
you know with the little "oopsies" lately
could you try again Hellmar ? prety please with sugar on top ?
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Niccolado Starwalker
Shadow Templars
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Posted - 2008.10.16 21:01:00 -
[21]
Edited by: Niccolado Starwalker on 16/10/2008 21:01:20
Great Devblog Hellmar!
But where is Oveur????
Honestly, you cant stay in that beer cellar forever! Get up man, and write us a decent devblog! You have lots to explain, seeing you have not made a decent post since last fanfest!
Originally by: Dianabolic Your tears are absolutely divine, like a fine fine wine, rolling down your cheeks until they flow down the river of LOL |
Oftherocks
Caldari Caldari Navy Volunteer Task Force
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Posted - 2008.10.16 21:18:00 -
[22]
I appreciate the fact most game company CEO's don't even attempt to communicate with their customers and yet here we have a blog from Mr. Hellmar. However, this is all fluff, there is no real information being shared, just some vague political opinions.
Personally, I'd rather hear more about some of CCP's recent controversial decisions than read bland statements with little to no actual meaning.
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Taedrin
Gallente Celestial Ascension Tenth Legion
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Posted - 2008.10.16 21:22:00 -
[23]
Here's a question for CCP: what percent of your operations are funded by debt? I'm no financial expert, but it seems to me that corporations are getting into WAY too much debt these days, and it's now coming back to haunt them with this financial crisis.
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IR Scoutar
Caldari State War Academy
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Posted - 2008.10.16 21:50:00 -
[24]
Originally by: Taedrin Here's a question for CCP: what percent of your operations are funded by debt? I'm no financial expert, but it seems to me that corporations are getting into WAY too much debt these days, and it's now coming back to haunt them with this financial crisis.
dont ask me how it works but technicaly it was and still is cheaper for big companys to be in debt than to have a fat bank account taxes and the like you know just how much nobodys gona tell you even remotly exact numbers, theyd be silly
thats the same sort of bs like cross boarder leasing i.e. your a local train company... you sell all your trains to an american company(think they are those guys with the loophole) only to emediatly lease it all back result : saving a decent amount of taxes and both get something out of it
that both things are even possible and have been for ages boggles the mind
in any case id still like that devblog on actualy pressing matters mr hellmar
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Taedrin
Gallente Celestial Ascension Tenth Legion
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Posted - 2008.10.17 00:52:00 -
[25]
Originally by: IR Scoutar
Originally by: Taedrin Here's a question for CCP: what percent of your operations are funded by debt? I'm no financial expert, but it seems to me that corporations are getting into WAY too much debt these days, and it's now coming back to haunt them with this financial crisis.
dont ask me how it works but technicaly it was and still is cheaper for big companys to be in debt than to have a fat bank account taxes and the like you know just how much nobodys gona tell you even remotly exact numbers, theyd be silly
thats the same sort of bs like cross boarder leasing i.e. your a local train company... you sell all your trains to an american company(think they are those guys with the loophole) only to emediatly lease it all back result : saving a decent amount of taxes and both get something out of it
that both things are even possible and have been for ages boggles the mind
in any case id still like that devblog on actualy pressing matters mr hellmar
Actually, *ALL* publicly traded companies release these numbers in their annual financial statements. Liabilities to stock holder equity ratio can be computed from the Balance sheet. Most corporations (in the US at least), maintain a 60% level of activities funded by debt. The remaining 40% are funded by stock holder equity (through their own revenue, and through the sale of stock).
However, CCP is privately traded, so I don't think they release those statements to the public.
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Oftherocks
Caldari Caldari Navy Volunteer Task Force
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Posted - 2008.10.17 01:47:00 -
[26]
Originally by: Taedrin
Originally by: IR Scoutar
Originally by: Taedrin Here's a question for CCP: what percent of your operations are funded by debt? I'm no financial expert, but it seems to me that corporations are getting into WAY too much debt these days, and it's now coming back to haunt them with this financial crisis.
dont ask me how it works but technicaly it was and still is cheaper for big companys to be in debt than to have a fat bank account taxes and the like you know just how much nobodys gona tell you even remotly exact numbers, theyd be silly
thats the same sort of bs like cross boarder leasing i.e. your a local train company... you sell all your trains to an american company(think they are those guys with the loophole) only to emediatly lease it all back result : saving a decent amount of taxes and both get something out of it
that both things are even possible and have been for ages boggles the mind
in any case id still like that devblog on actualy pressing matters mr hellmar
Actually, *ALL* publicly traded companies release these numbers in their annual financial statements. Liabilities to stock holder equity ratio can be computed from the Balance sheet. Most corporations (in the US at least), maintain a 60% level of activities funded by debt. The remaining 40% are funded by stock holder equity (through their own revenue, and through the sale of stock).
However, CCP is privately traded, so I don't think they release those statements to the public.
CCP is not a publicly traded company, but they do have investors and thus they do release some of their financial records in the form of a Investor Prospectus. You can download the information from CCP's corporate web page.
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Chainsaw Plankton
IDLE GUNS IDLE EMPIRE
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Posted - 2008.10.17 02:48:00 -
[27]
fanfest, how I would love to go, I hear a few from idle are showing up. maybe next year (have a feeling I will be saying that next year too, really hope I'm not though. should get my passport now )
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RayGic Luke
Caldari Oresome Mining Inc.
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Posted - 2008.10.17 03:55:00 -
[28]
Nice, at least a Blog to address our concerns of the impact the economic situation in Iceland has on CCP.
Now, let move on to the next issue... Hellmar, have you seen this thread recently? http://oldforums.eveonline.com/?a=topic&threadID=896318
We will certainly appreciate if you can share your views on that issue too. |
BIind
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Posted - 2008.10.17 04:43:00 -
[29]
Edited by: BIind on 17/10/2008 04:45:17
Originally by: Fredou tons of blog these days, nice
As soon as this thread (which is the probably only thread to disappear from the Information portal for "technical reasons" ever) is off the news page you won't hear from them for weeks at a time.
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Nate D
Hell's Rejects
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Posted - 2008.10.17 09:26:00 -
[30]
Thank you Hellmar. I've been wondering how hard CCP was hit by Iceland's bank problems and the global credit crisis. Good to know that CCP and EVE is still strong.
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Estel Arador
Minmatar
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Posted - 2008.10.17 09:33:00 -
[31]
Originally by: IR Scoutar
Originally by: Taedrin Here's a question for CCP: what percent of your operations are funded by debt? I'm no financial expert, but it seems to me that corporations are getting into WAY too much debt these days, and it's now coming back to haunt them with this financial crisis.
dont ask me how it works but technicaly it was and still is cheaper for big companys to be in debt than to have a fat bank account taxes and the like you know just how much nobodys gona tell you even remotly exact numbers, theyd be silly
thats the same sort of bs like cross boarder leasing i.e. your a local train company... you sell all your trains to an american company(think they are those guys with the loophole) only to emediatly lease it all back result : saving a decent amount of taxes and both get something out of it
that both things are even possible and have been for ages boggles the mind
Last year I was surprised to hear that the company I work for went millions in debt because they had 'too little' debt which apparently meant they weren't using all possible resources. All of the extra debt was immediately paid out to stockholders in dividends.
Anyway, I had expected a bit more information in the blog other than the standard 'we're fine'. Lots of banks were 'doing fine' until one moment they just didn't reopen in the morning, or were bailed out by some government. Interesting things to know would if you had any money tied up in Icelandic banks or is it perhaps with a bank like Credit Suisse, which - amazingly - managed to find private investors for some extra funds? I realise that's information you might not want to give me/us, but I think that's the kind of information at least some people are after
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Marus Safeld
Caldari Trojans Souls of Vengeance
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Posted - 2008.10.17 10:22:00 -
[32]
Edited by: Marus Safeld on 17/10/2008 10:24:25
Originally by: Estel Arador
Originally by: IR Scoutar dont ask me how it works but technicaly it was and still is cheaper for big companys to be in debt than to have a fat bank account taxes and the like you know just how much nobodys gona tell you even remotly exact numbers, theyd be silly
thats the same sort of bs like cross boarder leasing i.e. your a local train company... you sell all your trains to an american company(think they are those guys with the loophole) only to emediatly lease it all back result : saving a decent amount of taxes and both get something out of it
that both things are even possible and have been for ages boggles the mind
Last year I was surprised to hear that the company I work for went millions in debt because they had 'too little' debt which apparently meant they weren't using all possible resources. All of the extra debt was immediately paid out to stockholders in dividends.
This is called leverage effect.
It's one of those financial maths principles used to tamper with ballance sheets. It usaly bears the most risk for the company and the least for the investor and it's a nice way to bleed a company out if something goes wrong.
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Bartholomeus Crane
Gallente The Crane Family
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Posted - 2008.10.17 11:31:00 -
[33]
The 'injured pride' reaction shown by some Icelandics somewhat puzzles me. I guess we're back in cod-war times.
Gordon Brown's reaction to freeze the assets of the Icelandic banks was neither controversial nor imprudent. In fact, he reacted in the only way he could when the Icelandic prime-minister wouldn't guarantee the deposits made into the Icelandic banks. It is, in fact, a common reaction across the world by curators of insolvent companies. In essence, when the Icelandic government refused to guarantee deposits, HM government forced them to take up the responsibilities that come with owning the entire national banking system. The alternative would have been a total loss for many depositors, a lot of the ordinary citizens of the UK, not to mention the possibility of the utter disruption of the banking system.
I don't think it's an overstatement to say that the Icelandic government handled irresponsible over this issue and with a total lack of sensitivity towards the bigger picture. If Icelandic pride was injured, the Icelandic government was the one who brought it on.
The sad part is that it could have been easily avoided. Let's hope pride wasn't a part of that as well. -- Quis custodiet ipsos custodes? |
Onyx Asablot
M. Corp Mostly Harmless
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Posted - 2008.10.17 12:09:00 -
[34]
Edited by: Onyx Asablot on 17/10/2008 12:10:14 I'm from the UK. Sorry about the UK politicians response to Iceland, it's shameful that Brown kicked you when you were down, especially that anti-terrorism laws were used (insane). I hope you realise that politicians rarely represent the actual wishes of their voters, they have their own power games going on and the little people can be shat on from a great height. All the best for CCP and EVE.
The NEW M.Corp Data Hub - Check it out! |
Falkrich Swifthand
Caldari eNinjas Incorporated
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Posted - 2008.10.17 12:55:00 -
[35]
Originally by: Onyx Asablot Edited by: Onyx Asablot on 17/10/2008 12:10:14 I'm from the UK. Sorry about the UK politicians response to Iceland, it's shameful that Brown kicked you when you were down, especially that anti-terrorism laws were used (insane). I hope you realise that politicians rarely represent the actual wishes of their voters, they have their own power games going on and the little people can be shat on from a great height. All the best for CCP and EVE.
Well said. I'm also British, and I can't say I'm impressed with anything modern politicians do, but we don't have a lot of choice at the elections, they're all the same these days...
nullnull
My sig is not my sig. |
Saladin
Minmatar Eternity INC.
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Posted - 2008.10.17 14:04:00 -
[36]
Edited by: Saladin on 17/10/2008 14:05:17 I went to the Fanfest last year, and I was amused to see that I would have spent about 1/2 the money had I gone this year. Would have loved to come this year, but I decided to spend my spare cash buying up bargains on the NYSE and give myself some long-term security. Still, I might be able to come by in New Years. I'll just have to wait and see what promotions Icelandair offer here in Boston :)
For people who have not been to the FF and have money to spare, I strongly recommend it. The FF does carry the stigma of being a 'geekfest', but Iceland has a lot to offer and there is lots of fun to be had at night, and in between those FF presentations.
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never2be
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Posted - 2008.10.17 17:50:00 -
[37]
if ccp are so finacaly stable, whats up with the goast training money grab?
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royal killer
Amarr Shadows Of The Federation
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Posted - 2008.10.17 18:40:00 -
[38]
Originally by: CCP Wrangler
Originally by: Niheim Brandt Icelanders do seem pretty impressive.
A) You eat rotted shark (kµstur hßkarl?) B) You have crazy liquor (brennivfn?) C) You have marches in support of the government during an economic meltdown
...
A) When they tell you it's a delicacy and tell you to try it, DON'T BELIEVE THEM! B) The only time you should drink this is if you didn't follow my advice in A.
Roflmfao, quoted for pure trueness Wrangler --------------------
*ding ding!*
Wrangler: Hello and w
*ding ding!*
Wrangler: ...damn nanowhiners. |
Kerfira
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Posted - 2008.10.17 20:32:00 -
[39]
Originally by: Bartholomeus Crane Gordon Brown's reaction to freeze the assets of the Icelandic banks was neither controversial nor imprudent.
You are forgetting a number of very important points here....
The people who deposited their money in Icelandic banks from the UK should to have investigated risks as well as benefits. The information was available, but these people (including several counties and other organisations) chose to take the benefits (higher interest), and ignore the risks (lower guaranteed deposits). The UK depositors would have been covered just as well as Icelandic depositors, which was for a certain number of RL ISK. This was also known to people (or should have been had they bothered to investigate it). That ISK had a risk of dropping in value is ALSO something that people should have known.
However, as most/all people aren't fond of recognising that they f*cked up (especially where their money is concerned), Gordon Brown chose to unilaterally f*ck a small country over so he could say to his voters that he was protecting their interests. That he had absolutely no basis in international law to do so was ignored. That he made the situation much worse for the small country was also ignored. It was a simple question of him trying to get positive reactions from the only people who in his world matters, the UK voters.
I'm not Icelandic. I live in the UK. I call them as I see them.....
Originally by: CCP Wrangler EVE isn't designed to just look like a cold, dark and harsh world, it's designed to be a cold, dark and harsh world.
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Adam Kravallion
The Storm Lords
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Posted - 2008.10.17 23:42:00 -
[40]
Good to know my loved EVE is going strong. First thing i thought when the news of empending icelandic backrupcy came out was hoping ccp was ok.
About the side discussion, if i was to chose between protecting a bunch of speculators or ruining 300 000 people's christmas id not even blink, the fat speculators are the ones voting the next elections. Maybe if now Iceland considers joing the EU...
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Bartholomeus Crane
Gallente The Crane Family
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Posted - 2008.10.19 18:35:00 -
[41]
Edited by: Bartholomeus Crane on 19/10/2008 18:36:12
Originally by: Kerfira
Originally by: Bartholomeus Crane Gordon Brown's reaction to freeze the assets of the Icelandic banks was neither controversial nor imprudent.
You are forgetting a number of very important points here....
The people who deposited their money in Icelandic banks from the UK should to have investigated risks as well as benefits. The information was available, but these people (including several counties and other organisations) chose to take the benefits (higher interest), and ignore the risks (lower guaranteed deposits). The UK depositors would have been covered just as well as Icelandic depositors, which was for a certain number of RL ISK. This was also known to people (or should have been had they bothered to investigate it). That ISK had a risk of dropping in value is ALSO something that people should have known.
However, as most/all people aren't fond of recognising that they f*cked up (especially where their money is concerned), Gordon Brown chose to unilaterally f*ck a small country over so he could say to his voters that he was protecting their interests. That he had absolutely no basis in international law to do so was ignored. That he made the situation much worse for the small country was also ignored. It was a simple question of him trying to get positive reactions from the only people who in his world matters, the UK voters.
I'm not Icelandic. I live in the UK. I call them as I see them.....
You obviously feel quite strongly about this. I don't. I neither had money in Icelandic banks, nor have I lost a cent during this whole disaster.
It appears to me, all the things you level against depositors in Icelandic banks or Gordon Brown can work both ways. No one but the Icelandic bank governors cause their banks to collapse. They were vulnerable for a year, and seemed to never take any action to deleverage.
The whole nationalisation was mishandled by the Icelandic government, especially with regards to deposit guarantees and the closing down of Icesave's operations (which BTW is against the law). Basically, by doing so, they put many, especially UK, depositors at risk of losing all their deposits. It was this that forced Gordon's hand. When he had to act, he did so within UK law as well. And when he did, he did so, no to please some voters, or to f**k over some small country, but to stabilize the UK banking system and safeguard billions of deposits make by UK citizens, not to mention local government.
See, you can turn this around as well, by all appearances, the Icelandic government was prepared to use the substantial foreign investments made by the Icelandic banks to settle their banks debt, while leaving foreign depositors, in this case UK depositors, to carry the bag. Had this been allowed to happen, the damage to the banking system, and the UK economy in particular, would have been catastrophic.
I feel sorry for the Icelandic people, because they will be forced to sleep in the bed made by their bankers, but I'm glad that Gordon did what he did, because if he hadn't the effects of the Icelandic mismanagement would have been dire and widespread. But, frankly, to blame the UK or Gordon for the mess made by their own compatriots is quite sad, and can only stand in the way of trying to get out of this mess. -- Quis custodiet ipsos custodes? |
Lazuran
Gallente Aliastra
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Posted - 2008.10.20 14:50:00 -
[42]
I'd like to know whether CCP really invested a 30m loan in securities and if so, how much they're worth right now.
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Mr Daytrading
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Posted - 2008.10.23 11:16:00 -
[43]
Nice even more new features. I hope 1 of them is the abillity for steath bombers to use cov op cloak
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JafoPBCFR
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Posted - 2008.10.23 12:53:00 -
[44]
so sub should be 52% less now per month is that what you guys are saying? Ok great When can i expect that change in the billing?
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Rasik Argimater
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Posted - 2008.10.25 14:09:00 -
[45]
Due to the problem taken up in this thread we have no interest at all in attending FanFest. This is my sig? |
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