|
|
Post by sheepy on Dec 28, 2022 21:39:18 GMT
Actually those details reinforce my point, why do you post them as if they contradict it? Dunno, but I guess Chukka will be saying it was for the greater good, I wonder how many will be nodding in agreement. |
|
|
|
Post by Steve on Dec 28, 2022 21:54:02 GMT
Chukka is actually a huge loss to the Labour party and British politics in general. Very bright, very principled and able to articulate middle ground politics very well
|
|
|
|
Post by sheepy on Dec 28, 2022 21:56:53 GMT
Chukka is actually a huge loss to the Labour party and British politics in general. Very bright, very principled and able to articulate middle ground politics very well LOL well lets hope he puts a good deal together for his chums in the bank. |
|
|
|
Post by Steve on Dec 28, 2022 22:10:01 GMT
Chukka is actually a huge loss to the Labour party and British politics in general. Very bright, very principled and able to articulate middle ground politics very well LOL well lets hope he puts a good deal together for his chums in the bank. Actually it's his employers, nothing wrong in working for a living. |
|
|
|
Post by sheepy on Dec 28, 2022 22:22:47 GMT
LOL well lets hope he puts a good deal together for his chums in the bank. Actually it's his employers, nothing wrong in working for a living. I wonder if Rishi were doing the same thing you wouldn't be so relaxed about it. |
|
|
|
Post by Steve on Dec 28, 2022 22:25:24 GMT
Actually it's his employers, nothing wrong in working for a living. I wonder if Rishi were doing the same thing you wouldn't be so relaxed about it. If he was when PM no I wouldn't but I have no issue with his time as an investment banker. I was defending him just yesterday over at another place. |
|
|
|
Post by see2 on Dec 28, 2022 22:26:37 GMT
Apart from some of those working in the head office of some of the Banks who might have got a whiff of what was going on, I would say it was nothing like general knowledge at the top, but even then only when it was too late to do anything about it. That is IMO, because I believe that if there was any understanding of what was happening there would have been a whistle blower about somewhere. They had more than a whiff, they had evidence, what they said after the event is they didn't know which way the wind would blow. These were bankers and lenders who had seen what was happening well before the crunch; at least some politicians would have known. I lived in France before and when it happened and speculation was which bank(s) was about to go pop, one of the candidates was my bank, BNP Paribas. Something was certainly going on and I changed banks but not before I'd had a fierce argument with one of their staff. Several months before that a new manager had been appointed, a bright young man who you might have thought had a sound banking future; I had several conversations with him for no particular reason other than he wanted to chat. Then one day I called in and the bank clerk said the manager would like to see me. When I went to his office he told me he was leaving to start up a property company and when I asked why, he told me he was concerned at what might happen in the French banking world. I pressed him but he said no more but something did happen though the French bank involvement was more in the Spanish property market. The rest is, as they say, history. Neither you nor anyone else will convince me that what was about to happen was unknown to those involved at senior level banking and governments, the writing was on the wall in 2006. Well neither "months before" nor "well before" is a date. |
|
|
|
Post by see2 on Dec 28, 2022 22:30:35 GMT
Proof of your "The new labour government knew fine well bankers were taking massive risks long before the crash". New Labour were hit with a problem they did not fully understand in 2007 when Brown said, "this is a Banking problem, let them sort it out" proving that he had no knowledge of just how bad the situation was. NO ONE PREDICTED THE INTERNATIONAL FINANCIAL MELTDOWN. Nouriel Roubini did not forecast the crash. In his preamble to his speech he made it clear that he was not making a forecast, he was making the case for what was possible to happen. If the American's had rescued their Banks from the mess of Sub Prime mortgages in 2006 then it is likely that no one would have heard of Mr. Roubini. Haha, I had not read your post when I started typing my own with an alternative version. More fool you. |
|
|
|
Post by see2 on Dec 28, 2022 22:31:29 GMT
The new labour government knew fine well bankers were taking massive risks long before the crash , and many economists like roubani keen and pettifor predicted the crash would happen.
In his latter memoirs gordon brown was accused of re writing the history of the financial crash and those who had raised concerns to the then new labour government of the vulnerabilities of the uk banking system .
Absolutely correct and I have just responded to see2's answer to you. So far it is all speculation. |
|
|
|
Post by see2 on Dec 28, 2022 22:38:12 GMT
I am not going over points that have already be rebutted. lmfao. I bet you arent.
Gordon brown himself even apologised about the banking crash and his and new labours large part in it....
That apology was in hindsight, he apologised for doing something the Banks, the City and industry wanted at a time when NO ONE NEW THE MELTDOWN WAS COMING. |
|
|
|
Post by Steve on Dec 28, 2022 23:05:36 GMT
Apart from Vince Cable who warned him in the house in 2002 that Bank of England internal reports were expressing huge alarm about the way the economy was overheating as he let household debt run riot to fund buying that next election.
|
|
|
|
Post by see2 on Dec 28, 2022 23:18:11 GMT
Apart from Vince Cable who warned him in the house in 2002 that Bank of England internal reports were expressing huge alarm about the way the economy was overheating as he let household debt run riot to fund buying that next election. Proof of your comment would be good, at least I would know what it is you are claiming. That the evidence existed for the international meltdown before the event, i.e. before the failure of the abused sub-prime mortgage system in the US in 2006, is not possible. The UK did have there own mortgage problem ---- in 2008 ---- Yet despite the international meltdown, it wasn't as bad, nor did it last as long as the one in 1990. |
|
|
|
Post by Vinny on Dec 29, 2022 0:07:54 GMT
Corbyn is the only Labour leader since 1997 to increase Labour's share of seats (and also the only Labour leader in opposition to both increase their share to credibility and reduce it to hopelessness).
Regarding Royal Mail.
Modern tech has largely replaced the friendly letter, the organisation was losing money left right and centre.
It needed reform and was that going to come with it remaining publicly owned ?
|
|
|
|
Post by Toreador on Dec 29, 2022 6:30:48 GMT
Apart from Vince Cable who warned him in the house in 2002 that Bank of England internal reports were expressing huge alarm about the way the economy was overheating as he let household debt run riot to fund buying that next election. Proof of your comment would be good, at least I would know what it is you are claiming. That the evidence existed for the international meltdown before the event, i.e. before the failure of the abused sub-prime mortgage system in the US in 2006, is not possible. The UK did have there own mortgage problem ---- in 2008 ---- Yet despite the international meltdown, it wasn't as bad, nor did it last as long as the one in 1990. Hohoho, two serious mortgage problems in less than 20 years. When will they ever learn? |
|
|
|
Post by Toreador on Dec 29, 2022 6:33:44 GMT
lmfao. I bet you arent.
Gordon brown himself even apologised about the banking crash and his and new labours large part in it....
That apology was in hindsight, he apologised for doing something the Banks, the City and industry wanted at a time when NO ONE NEW THE MELTDOWN WAS COMING. It's called lobbying and often for reward. I'm still looking for expert opinion that the crunch coming was known just like it was known in the late eighties. |
|
