Freiburger: Why all these Pessimism? We 're still the giant of Africa.

Freiburger: Why all these Pessimism? We 're still the giant of Africa.

Giant of Africa indeed, with its leaders the proverbial "PARASITIC WORMS". The main question is how can we rid this country of these politicians turned "LEECHES"?

0lumide: Goldman Sachs? Olusegun Agagu's legacy of fraud? Is telling us Nigeria will be blah blah by 2020? lmao!! God dey oo, God dey!!!

With the current situation, our GDP is increasing while our standard of living is deteriorating. You know why? Because our infrastructural growth isn't matching the GDP and you know why? Corruption!!!!

KILL ALL THE CURRENT POLITICIANS NOW!!!! ACN O, PDP OO, ANPP OO, AGIPA OO, CPC OO, ALL OF THEM... Assemble them in the confluence state and shed their blood, feed their carcass to wild beasts, kill those beasts, vapourize the beasts' bodies, trap the vapour in a gas tube and send the tube out of space...

coolzeal:

No country in this world can achieve high tech or high development in terms of production or manufacturing without adequate electricity.
I beg your pardon, power supply is not just a luxury but a basic essential.

Ofonagoro :


Have faith keep the light bright you never know our country may just surprise us.

0lumide:

Abi oo my brother!! E no go better for Goldman sachs!!! We were all here when they ruined the greek economy. My worry is that one of their top official is now in a core sector of Nigerian economy. Olusegun Aganga ..... We need a bloody coup in Nigeria!!!!!!! WE DESERVE A REVOLUTION NOW! 90% OF OUR PEOPLE ARE NOT LIVING, THEY ARE JUST GETTING BY!

HURSDAY, APRIL 14, 2011

How Goldman Sachs Created The Financial Crisis While Making Billions Revealed in Senate Report

Concluding a two-year bipartisan investigation, Senator Carl Levin, D-Mich., and Senator Tom Coburn M.D., R-Okla., Chairman and Ranking Republican on the Senate Permanent Subcommittee on Investigations, on April 13 released a 635-page final report on their inquiry into key causes of the financial crisis. The report catalogs conflicts of interest, heedless risk-taking and failures of federal oversight that helped push the country into the deepest recession since the Great Depression.

Senator Carl Levin (D-MI) and former Goldman Sachs Mortgages Department head Daniel Sparks, Senate Governmental Affairs Subcommittee on Investigations hearing, April 27, 2010


“Using emails, memos and other internal documents, this report tells the inside story of an economic assault that cost millions of Americans their jobs and homes, while wiping out investors, good businesses, and markets,” said Levin. “High risk lending, regulatory failures, inflated credit ratings, and Wall Street firms engaging in massive conflicts of interest, contaminated the U.S. financial system with toxic mortgages and undermined public trust in U.S. markets. Using their own words in documents subpoenaed by the Subcommittee, the report discloses how financial firms deliberately took advantage of their clients and investors, how credit rating agencies assigned AAA ratings to high risk securities, and how regulators sat on their hands instead of reining in the unsafe and unsound practices all around them. Rampant conflicts of interest are the threads that run through every chapter of this sordid story.”

“The free market has helped make America great, but it only functions when people deal with each other honestly and transparently. At the heart of the financial crisis were unresolved, and often undisclosed, conflicts of interest,” said Dr. Coburn. “Blame for this mess lies everywhere from federal regulators who cast a blind eye, Wall Street bankers who let greed run wild, and members of Congress wh o failed to provide oversight.”

The Levin-Coburn report expands on evidence gathered at four Subcommittee hearings in April 2010, examining four aspects of the crisis through detailed case studies: high-risk mortgage lending, using the case of Washington Mutual Bank, a $300 billion thrift that became the largest bank failure in U.S. history; regulatory inaction, focusing on the Office of Thrift Supervision’s failed oversight of Washington Mutual; inflated credit ratings that misled investors, examining the actions of the nation’s two largest credit rating agencies, Moody’s and Standard & Poor’s; and the role played by investment banks, focusing primarily on Goldman Sachs, creating and selling structured finance products that foisted billions of dollars of losses on investors, while the bank itself profited from betting against the mortgage market.

0lumide: Goldman Sachs? Olusegun Agagu's legacy of fraud? Is telling us Nigeria will be blah blah by 2020? lmao!! God dey oo, God dey!!!

With the current situation, our GDP is increasing while our standard of living is deteriorating. You know why? Because our infrastructural growth isn't matching the GDP and you know why? Corruption!!!!

KILL ALL THE CURRENT POLITICIANS NOW!!!! ACN O, PDP OO, ANPP OO, AGIPA OO, CPC OO, ALL OF THEM... Assemble them in the confluence state and shed their blood, feed their carcass to wild beasts, kill those beasts, vapourize the beasts' bodies, trap the vapour in a gas tube and send the tube out of space...

plaetton: This sounds more like the kind of empty trash that come out the mouths of pulpit pimps like Adeboye, Oyedepo, and Oyaks and other pentecostal fraudsters of Nigeria(PFN). Come Dec. 31st, they'll start telling the gullible the great plans that God has for Nigeria in 2013, offcourse, without accounting for god's great plans for 2012 and the many years before.

On a more serious note, according to the world bank, it would take Nigeria 30yrs of consecutive 10% economic growth to reach the optimal or normal stable economy and standard of living status.

We definitely do not have any one of the many ingredients that could take us to semi-industrialised status in the next 50yrs.
My proof? Look at the standard of education. That says it all and sums it all up.

What are our universities producing in abundance?
Student Criminals, student banditry,prostitution, and pastors.
One does not need to be a prophet to see the future.
It aint bright.

Goldman Sacks is flying this kyte in what is an obvious and very familiar bid to scam someone, most likely, the brain-dead m.ro.ons we have in our government.

Ofonagoro :


If your stranded in a dessert what is your first thing to find ?? is it electricity??

bigdoo: An important question to ask here is "which countries does Nigeria hope or intend to overtake in order to become one of the top 20 countries in 2020?"

MARK-REN:
My mum of blessed memory used to say: "If wishes were horses beggars will ride." In my life time I have witnessed so many promises & programs in NIG. Where do I start:, Operation Feed the nation, Green Revolution, Water, Food, Housing, Health, Education, Transportation for all by the year "2000", then there was Vision 2010, then 10,000MW of electricity to be generated by 2007,they then said 2010 now GEJ say it is 2015. I bet you by 2015 it will move to 2020. We want to join to twenty industrialized countries by 2020 as if it will just happen when we just "pray, sleep & wake up". When will Nigerians wake up and stop eating this shit served by Govt.

As for the churches, they are the biggest disappointment of them all. The major developments in modern times were all done by the clergy. Slave trade was abolished by William Wilberforce a protestant priest. The civil rights movement in the US which lead to desegregation was lead by Reverend Martin Lurther King. All our churches are only interested in building Cathedrals, buying private jets & living off their congregation. With all the poverty in Nig, How many homeless children, poor families, sick people do they support. And like we Nigerians who can’t reason for themselves, we accept everything waiting for the messiah to come................... Shame on us all!!!!!!!!!!!!! peace 2 u bro, tanx 4 dis piece