Chapter 2 & Chapter 3, World's financial mess, as explained by Phua Chu Kang

Weekends....

I just hate it to swim during weekends....why? cause there are like dammm alot of ppl la!!! 

haihzzz

anyway go on to read Chapter 2 & Chapter 3 =)

Chapter Two: Investment Banks Also Want

After collecting his huge bonus, the CEOs of the commercial banks also need to do more creative works or else they will be fired soon.

So, he went to see the bigger brother - Investment Bank!

For those of you who don't know, the Investment Bank in US is damn power wan !

Their name also damn solid like Morgan Stanley, Lehman brothers, Goldman Sachs.

The commercial bank CEOs objective is very simple, they want the Investment Bank to share share and join with them to play the game of Subprime Loan!

Even though the Investment Bank name power, their top management are also same like us eat full nothing to do one.

So, they get all those economists, professors, even Nobel prize winners and together go to starbucks drink coffee and blow water.

After many rounds of talking cock, they concluded that these subprime loan is very risky but very exciting and profitable!

Something like bank robbery!

As a greedy bunch of motherf*ckers working for greedy Investment Banks, they decided not to miss this great opportunity so, the Investment Banks are in !

Chapter Three: How The Investment Banks Play

Since Investment Banks are so power and big! They also decided to play it BIG!

So, in order for them to raise all the fund to lend it out to those pokkai house owner, they issued something call CDO (Collateralized Debt Obligation).

In line with the reputation of Investment Banks, the name CDO also power meaning no one understand!

But Lin Peh tell you la, these CDO is actually something like Investment Banks borrow money from the some sorhais but the loan is guaranteed by those pokkai house owner's loan and their f*cked up "very expensive" house.

So, where to find such sorhai ?

HAHAHA =D

you want more right?

Chapter 1,World's financial mess, as explained by Phua Chu Kang

As you all know, my exam is just around the corner....

But then, I'll still keep my blog updated as usual! =D

Instead of blogging something about me, I'll post up some jokes........ let me talk about bit of the jokes...they jokes, they have like 8 Chapters it's from Wilson btw =) ... 

So, make sure u guys come to my blog and check it out day by day to follow it =D

Enjoy reading it =D

Chapter 1,World's financial mess, as explained by Phua Chu Kang

Preface: Subprime Loan                                                     

                                                                            

In American, just like all the normal human being in the world, when they make any major purchases, they will always ask bank for loan.

However, the sorhai american company always like to retrench people and thus the people there the income not very steady one..

In Malaysia, when your income not steady you will loan money from AhLoong instead of BANK.

But in america, their FBI very power so there is no Ahloong, instead their bank will loan money to all these not steady income people and this type of loan is       

called Subprime Loan.                                                      

                                                                            

                       

                                                     

Chapter One: How it started                                                

                                                                            

About 10 years ago, all the commercial banks in American were promoting their loan with advertisement in all kind of media and since most Ang Mor are very "ada gaya" and "hao-lian" type of people, the bankers came out with special packages for these pokkai fellas. So, Ads like these were flying everywhere: 

 

"No repayment for first 2 years"       

"Want to be rich ? Buy Property!"                      

"Money no enough? Borrow from me!"                     

"Zero down payment"                             

"Low rate guaranteed"                            

"Follow what Robbert Kiyosaki says in his Poor Dad & Rich Dad book"        

                                                                            

Wah! These packages are damn fierce wan!

It basically tell people don't worry for the about repaying the loan because you may strike lottery before payment is due!

In the event you don't strike lottery, you can still sell the house that you bought at higher price and pay everything and keep the gain!

Because of packages like this, many American (especially those who think if Black and become president of USA everything is possible) started to borrow

money and buy house as INVESTMENT !

So, the banks business become very good, the accounts all look damn solid and all the bankers got huge bonus!

But now....got one problem...money all loan out but who can guarantee that these sorhais will be able to pay back when time comes ?

Make sure you guys come back for the Chapter 2

=)

Something to cheer you up

Woke up kinda early today...and was checking mail....

Got a mail from KhawLin...and it sayss....

pls read it....u will had a laugh of your life......good for stress.. =)

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The Day the P.Niss asked for a Raise

I, the P.Niss, hereby request a raise in salary for the following reasons: 

I do physical labor.
I work at great depths.. 
I plunge headfirst into everything I do.
I do not get weekends or public holidays off.
I work in a damp environment.
I work in a dark workplace that has poor ventilation. 
I work in high temperatures.
My work exposes me to contagious diseases. 
Sincerely,

P. Niss

The Response 
Dear Penis:
After assessing your request, and considering the arguments you have raised, the administration rejects your request for the following reasons: 
You do not work 8 hours straight.
You fall asleep after brief work periods.
You do not always follow the orders of the management team. You do not stay in your designated area and are often seen visiting other locations. 
You do not take initiative - you need to be pressured and stimulated in order to start working.
You leave the workplace rather messy at the end of your shift.
You don't always observe necessary safety regulations, such as wearing the 
Correct protective clothing.
You will retire well before you should.
You are unable to work double shifts.
You sometimes leave your designated work area before you have completed the assigned task.. 
And if that were not all, you have been seen constantly entering and exiting the workplace carrying two suspicious-looking bags.
Sincerely,

V. Gina 

Hahaha....so?

Did you laugh? =D

I bet you did!!!! =D

What Do I Really Want?

Question?

Exam is just around the corner.......

I remember once during Evidence's tutorial.....Ms. Vasantha had this talk with us....

asking us, whether do we really wanna be a lawyer? and is this really what we want for future?

The moment she asked that.....The first thing that struck me was, "WHY THE HELL AM I DOING HERE??!!!!"

The first thing that I recalled and struck my head was, the moment that I make music with my orchestra's musician....and the moment I performed in China, Singapore and Taiwan and with all different other orchestras and lot moreeeeee.....

and the moment I go through with other musician...teaching them, giving them guidance, arranging draft for them, showing them how to be musical and all the practices we go through together..... notes by notes, bar by bar, rhythm by rhythm, style by style, phrase by phrase, line by line....

well, I might not be as good as others...BUT seriously I missed that moment....

Do I really wanna do Law? Finals is juz around the corner, and I'm seriously kicking my own ass right now to get good grades!!!! and this QUESTION struck me again, DO I REALLY WANNA DO LAW???

Few weeks back, Lynn told me..."you should have go ahead with your music instead of law?"

=S

Owh weelllll, then I went to Ee Von's blog and saw this video....: gosh...pls check out the video in my blog... u guys will love it...TRUST ME =)

It's an arrangement of Taylor Swift's Love Story and Coldplay's Viva La Vida

Daammmm....you see!!! Music is so darn beautiful! you can do anything with music! any way you want it! It is all on what kinda feel and style do you want! it's all about the feelings...dammmm!!!!

I missed that moment seriously!!!!

Is this seriously what I want?

Wrong timing to ask this.....

But I love music more than anything

Have A Break, Have A.......

Exam is just around the corner....

This is what YOU should do when you're so bored of studying...

First....

Draw something stupid with full of nonsense.....

Creation From: Bryan and MUA

Second

Take a random picture of someone blur =D

Pray for me