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Post by see2 on Jan 27, 2023 9:11:22 GMT
Correct, but you must be aware that was not NLs fault? I do not believe they can escape all culpability. They were in office and oversaw the system that placed banks in the position that failing was a bigger problem to us than to the shareholders of the banks. No, the Banks played themselves into that position. The government had to bail them out in order to ensure that a recession did not turn into a depression. |
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Post by Bentley on Jan 27, 2023 10:15:50 GMT
The NL apologists have claimed that it was a joke. How fucking lame. Of course it was a joke, everyone knew what had happened. Unfortunately the Tories and their various mouth pieces could not miss the opportunity to blame Labour. They had been shitting themselves for years trying to stop NL, the international meltdown was almost a god send to them. Just to show how good NL had been and despite all the insinuated lying against them, the Tories still couldn't win the election outright. Well I agree NL had its share of clowns. |
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Post by jonksy on Jan 27, 2023 13:46:45 GMT
Of course it was a joke, everyone knew what had happened. Unfortunately the Tories and their various mouth pieces could not miss the opportunity to blame Labour. They had been shitting themselves for years trying to stop NL, the international meltdown was almost a god send to them. Just to show how good NL had been and despite all the insinuated lying against them, the Tories still couldn't win the election outright. . And even bigger clowns support labour......C2 look alike.
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Post by sandypine on Jan 27, 2023 16:32:19 GMT
I do not believe they can escape all culpability. They were in office and oversaw the system that placed banks in the position that failing was a bigger problem to us than to the shareholders of the banks. No, the Banks played themselves into that position. The government had to bail them out in order to ensure that a recession did not turn into a depression. Well a government's duty is to regulate through oversight and law. No banker went to jail in 2008 as far as I am aware so the law was inadequate and no oversight agency picked up potential problems until too late. So all in all with ten years of being in control the government failed as the banks apparently were behaving both within the confines of oversight and the law. |
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Post by Pacifico on Jan 27, 2023 17:23:46 GMT
I do not believe they can escape all culpability. They were in office and oversaw the system that placed banks in the position that failing was a bigger problem to us than to the shareholders of the banks. No, the Banks played themselves into that position. The government had to bail them out in order to ensure that a recession did not turn into a depression. The regulatory regime allowed the banks to get in that position - a regulatory regime put in place by Gordon Brown |
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Post by oracle75 on Jan 27, 2023 21:29:19 GMT
Paul Dacre
Editor of the Daily Mail, useful sucker of the toes of the Tory Leavers and Most Useful Idiot of Tory public propaganda.
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Post by Baron von Lotsov on Jan 27, 2023 21:41:05 GMT
If the NHS was in the state it was when Tony Blair left office If both the National Debt and borrowing was what it was when Tony Blair left office If growth was what it was when Tony Blair left office if poverty was at the same level as when Blair left office If the state of public services were what they were when Tony Blair left office If standards of living was rising, like when Toby Blair left office, instead of falling. In all honesty I cannot think of one area of British life which is not worse off now, I wish the Blair years would return, because the state our country is in now is shocking. But only two more years ... Thank God Your point is credible. Car production peaked in 2016 and now it is half that level.Car production is one of our biggest manufacturing sectors. |
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Post by see2 on Jan 27, 2023 21:44:32 GMT
Of course it was a joke, everyone knew what had happened. Unfortunately the Tories and their various mouth pieces could not miss the opportunity to blame Labour. They had been shitting themselves for years trying to stop NL, the international meltdown was almost a god send to them. Just to show how good NL had been and despite all the insinuated lying against them, the Tories still couldn't win the election outright. Well I agree NL had its share of clowns. But nowhere near as many as Thatcher's mob had. |
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Post by see2 on Jan 27, 2023 21:47:21 GMT
Well I agree NL had its share of clowns. And even bigger clowns support labour......C2 look alike.
That's better than looking into a mirror and seeing your baboon's arse reflection LOL |
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Post by see2 on Jan 27, 2023 21:54:26 GMT
No, the Banks played themselves into that position. The government had to bail them out in order to ensure that a recession did not turn into a depression. Well a government's duty is to regulate through oversight and law. No banker went to jail in 2008 as far as I am aware so the law was inadequate and no oversight agency picked up potential problems until too late. So all in all with ten years of being in control the government failed as the banks apparently were behaving both within the confines of oversight and the law. The meltdown was caused by America failing to deal WITH THEIR PROBLEM of the abused Sub-Prime mortgage fiasco and other mortgage systems that were pulled into the mess. Which left Huge failed mortgages and their debts involved in the International Financial Markets. |
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Post by see2 on Jan 27, 2023 21:57:03 GMT
No, the Banks played themselves into that position. The government had to bail them out in order to ensure that a recession did not turn into a depression. The regulatory regime allowed the banks to get in that position - a regulatory regime put in place by Gordon Brown Unfortunately for you, that is just your overly biased opinion. The Chancellor doesn't manage a Banks independent business activities. |
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Post by Pacifico on Jan 27, 2023 22:14:35 GMT
The regulatory regime allowed the banks to get in that position - a regulatory regime put in place by Gordon Brown Unfortunately for you, that is just your overly biased opinion. The Chancellor doesn't manage a Banks independent business activities. What are you waffling on about? - Gordon Brown created the FSA to regulate the banking sector. The FSA spectacularly failed during the financial crisis to the extent that even Gordon Brown admitted he ballsed up.. ..and here you are pretending nothing that the Labour Party did went wrong..... you are turning into the biggest joke on the forum.  |
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Post by see2 on Jan 27, 2023 22:20:59 GMT
Unfortunately for you, that is just your overly biased opinion. The Chancellor doesn't manage a Banks independent business activities. What are you waffling on about? - Gordon Brown created the FSA to regulate the banking sector. The FSA spectacularly failed during the financial crisis to the extent that even Gordon Brown admitted he ballsed up.. ..and here you are pretending nothing that the Labour Party did went wrong..... you are turning into the biggest joke on the forum. He never took direct responsibility for the meltdown. Its time for you to stop waffling. Your last line is not a joke, it is a lie. |
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Post by Pacifico on Jan 27, 2023 22:23:29 GMT
What are you waffling on about? - Gordon Brown created the FSA to regulate the banking sector. The FSA spectacularly failed during the financial crisis to the extent that even Gordon Brown admitted he ballsed up.. ..and here you are pretending nothing that the Labour Party did went wrong..... you are turning into the biggest joke on the forum. He never took direct responsibility for the meltdown. Its time for you to stop waffling. Your last line is not a joke, it is a lie. He took responsibility for putting in place a banking regulation system that failed - had he put one in that worked we would not be in as much shit as we are today. |
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Post by Baron von Lotsov on Jan 27, 2023 22:30:08 GMT
Well a government's duty is to regulate through oversight and law. No banker went to jail in 2008 as far as I am aware so the law was inadequate and no oversight agency picked up potential problems until too late. So all in all with ten years of being in control the government failed as the banks apparently were behaving both within the confines of oversight and the law. The meltdown was caused by America failing to deal WITH THEIR PROBLEM of the abused Sub-Prime mortgage fiasco and other mortgage systems that were pulled into the mess. Which left Huge failed mortgages and their debts involved in the International Financial Markets. Similar stuff happened in 1966 with US currency manipulation. It was killing British exports. Our government went along with the suicide plan to please them. |
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