The 'rumour' threads (re current economic climate)

whiskeyman

Just wondering what's the stance in related to 'rumour' threads, especially those speculative (lame or well constructed) re banks / companies in trouble, profit warnings, announcements etc...
Some may be in a humourous tone, but how far can they go?

Will all such threads be deleted unless the OP has quoted from a reliable newssource?

What's the possible impact on boards.ie of such if not?

Boston

Hmm, its fair question. I think on the right forum people should be allowed express their opinion since others can rebut their claims. That said I don't think scaremongering threads on after hours should be allowed.

Hagar

I wish the rumours were true.
So far the truth has been much worse than any of the rumours.

Sherifu

There's a lot to be said for blindly believing.

*sells AIB shares*

delly

Don't worry lads, I hear from a reliable news source that all economic disasters will be confined to the the South of France

Hagar

You're not joking. The missus is out shopping on her own. :eek:

Sherifu

http://www.flickr.com/photos/30581266@N06/2864507526/sizes/o/

faceman

i dont think econmic scare threads in AH are going to bring the financial markets crashing down to be fair!

That being said (and this applies to any topic really), any blatent scare mongering without evidence or educated opinion to support it should be curtailed if it doesnt provoke healthy debate. But most mods are pretty god at nipping it in the bud.

Right off to take my money out of the bank and put it under my mattress cos they are definitely going to go bust.

Boston

Actually its exactly the type of thing which could bring down a bank faceman. If an idea catches on with a threshold number of people of a certain type, they can convince many times their number that the idea is true. There's been many attempts by marketing companies to exploit this fact and they have their own jargon for it. Point is, boards is exactly the type of medium you would use if you want to try and spread the idea a bank is in trouble.

Daithi McGee

Boston wrote: »

Actually its exactly the type of thing which could bring down a bank faceman. If an idea catches on with a threshold number of people of a certain type, they can convince many times their number that the idea is true. There's been many attempts by marketing companies to exploit this fact and they have their own jargon for it. Point is, boards is exactly the type of medium you would use if you want to try and spread the idea a bank is in trouble.

If they choose AH over a proper board then they deserve to go down.


/Checks share price again.

Boston

Well not after hours, but a forum like the economics one.

faceman

Boston wrote: »

Well not after hours, but a forum like the economics one.

I do agree in relation to the serious forums but I wouldnt be worried about AH commentry. I rarely frequent economics but i imagine its moderated to avoid that type of thing.

AckwelFoley

I opened an online account for buying shares last week.

A few days ago i found a bank in America called Lehman Brothers, seemed like a nice family type bank so i bought me a tenners worth of shares.

Found out today it was considered a takeover bid, and i now own the bank.

DeVore

ideally we'd like any threads which speculate about a specific institution to be removed. Any of the "get your money out of XYZ" should just be squashed from on high.

DeV.

Dinter

DeVore wrote: »

ideally we'd like any threads which speculate about a specific institution to be removed. Any of the "get your money out of XYZ" should just be squashed from on high.

DeV.

Would you not like to be remembered as being behind the Great Economic Crash of '08. That'd be something to tell your kids as you all tuck into the feral cat you've managed to snare for dinner.

brianthebard

Boston wrote: »

Actually its exactly the type of thing which could bring down a bank faceman. If an idea catches on with a threshold number of people of a certain type, they can convince many times their number that the idea is true. There's been many attempts by marketing companies to exploit this fact and they have their own jargon for it. Point is, boards is exactly the type of medium you would use if you want to try and spread the idea a bank is in trouble.

Like a less sophisticated viral marketing? I guess it could happen. Surely there's enough going on in the wider media though that even if there was say, a run on a bank, boards could hardly be considered the tipping point. I think that was actually the crappy lending policies of the banks that created that tipping point.

Oh and if anyone wants to run down to the atm and take out all their cash, please only BOI accounts. Leave AIB alone, its solid as a rock, honest.

Supercell

DeVore wrote: »

ideally we'd like any threads which speculate about a specific institution to be removed. Any of the "get your money out of XYZ" should just be squashed from on high.

DeV.

Why?, If the poster is quoting Reuters, Bloomberg etc why shouldn't they be allowed to say ..time to get outta dodge! (XYX)
Those news agencies wont say "get your money out of XYZ" but sometimes people need someone to give them a kick up the ass and tell them to do so as the evidence is there.

This smacks of noughties political correctness - what would the original Quake guys have thought about censuring personal opinion back in the day?, Dev what you reckon?

Why the fear?, wasn't there before, is it the future of every bulletin board to say "everything is wonderful" so anything slightly close to rocking the calm (sleepy) waters is dumped.
Just who is gonna sue Boards if Supercell says bank XYZ is pants? because i heard from a m8 that works there that its all gone to hell in a hand basket doesnt mean that a run will start - i'm not senior enough to be taken seriously..just like how easy it is for you to dismiss this rant..well thats the point.

Regards,

Supercell, Banker Extrordionaire.

Daithi McGee

Supercell wrote: »

Why?, If the poster is quoting Reuters, Bloomberg etc why shouldn't they be allowed to say ..time to get outta dodge! (XYX)
Those news agencies wont say "get your money out of XYZ" but sometimes people need someone to give them a kick up the ass and tell them to do so as the evidence is there.

This smacks of noughties political correctness - what would the original Quake guys have thought about censuring personal opinion back in the day?, Dev what you reckon?

Why the fear?, wasn't there before, is it the future of every bulletin board to say "everything is wonderful" so anything slightly close to rocking the calm (sleepy) waters is dumped.
Just who is gonna sue Boards if Supercell says bank XYZ is pants? because i heard from a m8 that works there that its all gone to hell in a hand basket doesnt mean that a run will start - i'm not senior enough to be taken seriously..just like how easy it is for you to dismiss this rant..well thats the point.

Regards,

Supercell, Banker Extrordionaire.

You don't understand Devores point of view. He is bang on asking that no AH threads contain these type of posts. Boards is central to Ireland and Irish culture.

Even p1ss takes can be dangerous when you are this important.

dr.bollocko

The modern media has already superficialised this current crisis enough without boards.ie being a haven for this sort of bolluckry.
I particularly enjoyed the "What's the best thing about the coming recession" thread on AH there a while back.
Well if we are fucked at least we are all fucked. And we will still have boards. Good luck to everyone I say and may we soon live in less interesting times.

Time Magazine

DeVore wrote: »

ideally we'd like any threads which speculate about a specific institution to be removed. Any of the "get your money out of XYZ" should just be squashed from on high.

DeV.

Yo. Locked or deleted?

Ktxbai

Daithi McGee

dr.bollocko wrote: »

The modern media has already superficialised this current crisis enough without boards.ie being a haven for this sort of bolluckry.
I particularly enjoyed the "What's the best thing about the coming recession" thread on AH there a while back.
Well if we are fucked at least we are all fucked. And we will still have boards. Good luck to everyone I say and may we soon live in less interesting times.

We have not scratched the surface I over heard a guy in the street telling someone in relation to the current issues that The emergency forces are driving around like mad, they just have not turned on the sirens yet

DeVore

David McWilliams wrote: »

Yo. Locked or deleted?

Ktxbai

Your call. Delete them if there is only the OP or few replies imho.

DeV.

Time Magazine

My idea was to allow one to show that it's not a case of "we're not talking about it" but rather "we're being responsible about it". It's on your ass if that's not careful enough though, so maybe you should ask Hulla or something?

I'm indifferent either way; it's not like we're missing out on great discussion.

Daithi McGee

David McWilliams wrote: »

My idea was to allow one to show that it's not a case of "we're not talking about it" but rather "we're being responsible about it". It's on your ass if that's not careful enough though, so maybe you should ask Hulla or something?

I'm indifferent either way; it's not like we're missing out on great discussion.

Delete them.

Boards is central to the Irish Culture.

brianthebard

Daithi McGee wrote: »

Boards is the Irish Culture.

FYP

Boston

DeVore wrote: »

ideally we'd like any threads which speculate about a specific institution to be removed. Any of the "get your money out of XYZ" should just be squashed from on high.

DeV.

Any is abit much. If someone links to news outlet Supercell outlines then why not allow it to be discussed? Unsubstantiated claims from a friend of a friend should be squashed but this type of thing is ridiculus

Supercell

Daithi McGee wrote: »

Delete them.

Boards is central to the Irish Culture.

Lol, when you put it like that it all makes sense now.

Victor

Supercell wrote: »

Why the fear?

I don't think of it in terms of fear, but responsibility. Boards has a huge potential to reach every nook and cranny in Irish society. While I don't see the world failing apart, the financial system is in a difficult situation. People sometimes do very irrational things in short spaces of time. Using the internet can accelerate that immensely.

Note that it is a crime to talk down a share price for the purpose of making a profit. We don't want to be complicit in things like that.

FlutterinBantam

+1

Daithi McGee

Victor wrote: »

I don't think of it in terms of fear, but responsibility. Boards has a huge potential to reach every nook and cranny in Irish society. While I don't see the world failing apart, the financial system is in a difficult situation. People sometimes do very irrational things in short spaces of time. Using the internet can accelerate that immensely.

Note that it is a crime to talk down a share price for the purpose of making a profit. We don't want to be complicit in things like that.

Potential and reality are two very different things.
Boards is a bit like Loaded in the world of magazines. It would like to be Time etc but it is still Loaded. There is a lot of More and Marie Claire et al developing though.