Danbert

"Almost literally," hmmm, interesting. So you put the skate journalist in the barrel and shoot him, and then you've won the argument or what?

Do you? I'm shocked, shocked I tell you.

Yep - Wordpress is good (and free).

Do you mean some of you morons actually buy that stuff. I'd always assumed if was just something mad wives and girlfriends bought for their partners. You do realise none of them have any effect don't you (apart for a few with fat-soluble vitamin A in them)? You'd all be better off just having botox injections.

If I were Adkins I'd put ten men behind the ball for this one.

Dear Sir Mervyn, In answer to your question above... How do you think we got into the mess we're currently in? House prices have got to the unsustainable level they have now reached because of lax lending practices, in particular self-certification mortgages (a.k.a. liar loans) and Britain's 4 million interest-only mortgages. That's right, 4 million "house owners" (all they really own is debt) have been banking on house prices rising inexorably. These things should come with a warning - prices may go down (and if they do you're ****ed mate). In general, the more money people can borrow to purchase houses the more houses will cost. If banks extend even larger loans at still greater income multiples people will have to spend more of their income on paying off their mortgage - but they won't get a better house out of it. Spreading payments over several generations would inflate house prices still further, locking people into inter-generational debt servitude and sucking even more money out of the productive economy and into an already over-inflated asset class. So yes, it's a bloody awful idea.

Hope it has a nice big garden with a vegetable patch... I'm really starting to get the willies.

The plan is to stop the banks going bust - that's all that matters. I think the rest is just smoke and mirrors. The Second World War brought an end to the depression of the thirties. He's not expressing himself particularly clearly but what he means is this will be the worst economic crisis since the thirties. I think that may turn out to be an understatement... If we don't maintain nominal house prices we'll end up with banks in the same state as Ireland's and Spain's. The plan is to gently inflate away the debt. We should never have let house prices reach such unsustainable levels but they're too high now for the bubble to be allowed to burst abruptly. Exactly, liar loans and interest only mortgages. House prices have little or nothing to do with the supply of actual houses and everything to do with the supply of credit.

This announcement convinces me that we're really about to enter complete economic meltdown. They are printing money nakedly and without any subterfuge in a desperate attempt to re-capitalise banks, maintain house prices and stave of inflation. Bye-bye pound it was nice knowing you. The next time we meet I'll be using a fiver to wipe my bum.

Scary photo accompanying that article.

I thought he was a kiddy fiddler

How come u ain't been banned yet then?

I watch FC Copenhagen occassionaly and Dame N'Doyle is nothing special - I'd steer well clear.

Some of the comments on that article: http://www.portsmouth.co.uk/sport/pompey/pompey-past/birch-we-can-t-rush-exit-from-administration-1-3936454 are quite amusing, like the bloke who thinks Futacs isn't good enough for them, the poor deluded idiot who has renewed his season ticket and the chap wondering why they can't loan out their high earners. What's really telling though is that Birch has the time to do yet another interview with The News and that absolutely nothing has happened. Clearly the only option left to him is to make desperate and unrealistic come and get 'em pleas via the media in the hope of offloading some of the dross - I expect he spends the rest of his working day down the pub.

You really are mad - that is so obviously a genuine photo.

You conveniently ignore the fact that a Communist state is ipso facto a form of dictatorship and that, therefore, the abuse of power while not inevitable is likely. Socialism is different. I find it incredibly irritating when British people talk about socialists spending other people's money and always bankrupting the state. America has been bankrupted by the right - and them alone. Denmark has had an ingrained socialist system, despite the changing complexion of various governments, for 50 years and is the most solvent country that doesn't rely on natural resources or dubious tax haven status on God's green earth.

The problem with that sort of argument is wage structure - we are clearly looking at players who will cost a substantial sum of money. They won't be happy if RG is on twice what they are - and that's not something Rickie should be expected to put up with either IMHO.

If he gets it back without a CVA there'll be a failed CVA and exiting administration without a CVA to contend with - both attracting significant points penalties and the League won't have a fig leaf to hide behind. In this case they'd be, effectively, sent straight down to League 2. Given which you've got to wonder both whether the club's reputation might make it so hard to attract players of any sort of caliber whatsoever and the fans would get so hacked off with the whole thing that the club would fall out of the league altogether...

I think you're bang on the money there. It's also interesting to me that it's only TBH and Kanu who've been hung out to dry publicly - not Norris for example, he must also be on a fair wack. By singling out TBH and Kanu in public I think Birch is playing the dirty little game of try to pin the blame on the mercenary foreigners - in order to apply extra pressure to them. It'll come back to bite him in the ass though - they'll be even more ****ed off and disinclined to do him a favour now.

To be fair he did say "in the modern game."

What's being a socialist got to do with it?

How weird is that though? Making that sort of investment conditional on the colors of the players' shirts.

What's that all about? Their Chief Executive says that... "by securing this investment we can safeguard the immediate and long-term future of this club." (more at the link) What the f u c k is that supposed to mean? How is changing the colour of their shirts going to make a sod of difference to the long-term future of the club?

Come on you bastards die - the suspense i boring me.

Have you seen him play recently?