Trinny in Jozi

Enough about the credit crunch already

with 8 comments

Earlier this month my friend Bec expressed her bewilderment about the credit crunch. At that stage, although equally bewildered, I was somewhat intrigued by said credit crunch – what an exciting time to be working on a financial paper. I watched the rand value of the $700 billion bailout package increase with a morbid fascination. When would it hit R7 trillion? Well, it did, this week, and now I am bored.

I mean, there are only so many articles about Lehman Brothers you can read before you start wishing old Pop Lehman hadn´t been quite so virile back in the 19th century. I long for the time when all anyone cared about was what colour knickers Britney was wearing, if any at all… 

Bailout this, rescue plan that. Whatever. I say let the banks foreclose on all those people who never
should´ve been granted mortgages in the first place. If we don´t send the trailer trash back to their mobile homes, where is the next generation of Hollywood celebrities going to come from?

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Written by Trinny

October 19, 2008 at 19.26

8 Responses

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  1. Quite, especially since Pim explains it each morning to Yim, while I´m trying to sleep. “Do they talk about it in the taxis?” he asks.

    Kim

    October 19, 2008 at 20.02

  2. Trust me, after four years of crediting Britney’s crunchy knickers, tracking their colours, shapes, presence, absence, I can assure you the financial news is infinitely more interesting. Over and out.

    Marelise

    October 20, 2008 at 14.25

  3. To Kim: I hear them talking, then I hear you and Mim talking; don´t think you´re the one who has the hardest mornings!

    trinklebean

    October 20, 2008 at 18.43

  4. To Marelise: whatever, babe, I think you´re gonna be missing Britney and her knickers next month!

    trinklebean

    October 20, 2008 at 18.46

  5. As much as I am usually bored to tears by anything financial, it does put a different spin on it when you meet someone who lost their home when their husband died suddenly, leaving them with 2 autistic kids. She now has to rent, while her home sits vacant because the bank can’t sell it… It is not always about people spending beyond their means.

    I hear you on the trailers, though 🙂

    bean

    October 21, 2008 at 04.23

  6. Ja, I did realise my post was rather callous 😦 The poor woman.

    Btw, does the Canadian government have a bailout plan? BusRep strangely silent on that one…

    trinklebean

    October 21, 2008 at 08.43

  7. According to the IMF, we have the best/most solid banking system in the world. No bailouts needed. But most of the major banks have cut interest to save money. Banks are also insured by the govt, so not crapping out like the rest of the world.

    When we were in California and Nevada, you can really see the effects – boarded up houses, emptying strip malls etc. We are very far away from all that here.

    bean

    October 21, 2008 at 19.16

  8. Glad you´ve got something to cheer you up despite the end of summer 😉

    trinklebean

    October 21, 2008 at 20.19


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