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Post by zanygame on Dec 11, 2022 10:55:49 GMT
Well again, a lot of waffle but no explanation of why Brown couldn't have regulated better. Just face the facts - Crash Gordon was hypnotized by his own PR (just like you were it seems) and had convinced himself that he had abolished the economic cycle... ..and didn't that work out well for the rest of us..  Why are you so busy repeatedly backing the lie about Brown's use of the term 'Boom and Bust' ? Not only has his use of the term been very clearly explained, it is also down in Black and White recorded in Hansard. Pacifico has never worried to much about truth getting in the way of popularity. |
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Post by zanygame on Dec 11, 2022 11:05:49 GMT
For starters, I am nowhere near as cynical as yourself. I do believe that reality was beginning to dawn on some around 2006 / 2007 but by that time it was too late to do anything about it.___"The subprime mortgage crisis impact timeline lists dates relevant to the creation of a United States housing bubble and the 2005 housing bubble burst and the subprime mortgage crisis which developed during 2007 and 2008."___ The start of the problem was when somewhere around 2006 the US refused to back-up US banks with their Sub-Prime problems. (They had to do it anyway in 2008) Much of the worthless debt from that market was placed into packages (later described as "sausages" because no one knew exactly what was in them) and slipped into the International Financial markets Via Wall Street. Meaning that much of the blame for the Meltdown lies with the Stock markets and the international financial markets themselves. So you finally admit what I have been telling you since this subject was raised, that it is inconcevable that no one knew what was about to happen. Always remember that governments and the commercial world are experts at hiding news that will cause them embarrassment, moreso when they act together; face up tyo the fact that both are crooked when reputations are at stake. Indeed New Labour took measures to stop this dangerous lending happening in the UK. However they were not God and could not prevent it happening in the US. Do you think its conceivable that our government could have stopped British banks making these loans abroad? |
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Post by Toreador on Dec 11, 2022 11:11:49 GMT
So you finally admit what I have been telling you since this subject was raised, that it is inconcevable that no one knew what was about to happen. Always remember that governments and the commercial world are experts at hiding news that will cause them embarrassment, moreso when they act together; face up tyo the fact that both are crooked when reputations are at stake. Indeed New Labour took measures to stop this dangerous lending happening in the UK. However they were not God and could not prevent it happening in the US. Do you think its conceivable that our government could have stopped British banks making these loans abroad? Yes, that's what governments are for among other things. |
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Post by Pacifico on Dec 11, 2022 11:15:21 GMT
Why are you so busy repeatedly backing the lie about Brown's use of the term 'Boom and Bust' ? Not only has his use of the term been very clearly explained, it is also down in Black and White recorded in Hansard. Pacifico has never worried to much about truth getting in the way of popularity. LOL - thats rich coming from you with your posting record..  |
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Post by zanygame on Dec 11, 2022 11:17:22 GMT
Indeed New Labour took measures to stop this dangerous lending happening in the UK. However they were not God and could not prevent it happening in the US. Do you think its conceivable that our government could have stopped British banks making these loans abroad? Yes, that's what governments are for among other things. I asked you if it was conceivable. I.E possible in any practical sense. |
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Post by Toreador on Dec 11, 2022 11:20:55 GMT
Yes, that's what governments are for among other things. I asked you if it was conceivable. I.E possible in any practical sense. Of course such things are possible though maybe not in your world. Now go and read up on how our government limited the amount of money you could take abroad. |
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Post by zanygame on Dec 11, 2022 11:21:07 GMT
Pacifico has never worried to much about truth getting in the way of popularity. LOL - thats rich coming from you with your posting record.. Nope. I often apologise, admit I'm wrong, correct my misunderstandings of other posters, unlike yourself. I don't lie about what other posters have said either, unlike you. |
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Post by zanygame on Dec 11, 2022 11:26:28 GMT
I asked you if it was conceivable. I.E possible in any practical sense. Of course such things are possible though maybe not in your world. Now go and read up on how our government limited the amount of money you could take abroad. Not sure why you feel the need to add an insult to every post, but whatever floats your boat. The government has never prevented anyone taking all their wealth abroad, just the amount of cash. Government limiting the amount of cash you can take abroad (To prevent tax evasion and money laundering) is nothing like limiting the actions of international banks based in the UK. Please address that point if you can. I understand if you do not have enough knowledge on that subject to give opinion. |
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Post by Toreador on Dec 11, 2022 11:37:33 GMT
Of course such things are possible though maybe not in your world. Now go and read up on how our government limited the amount of money you could take abroad. Not sure why you feel the need to add an insult to every post, but whatever floats your boat. The government has never prevented anyone taking all their wealth abroad, just the amount of cash. Government limiting the amount of cash you can take abroad (To prevent tax evasion and money laundering) is nothing like limiting the actions of international banks based in the UK. Please address that point if you can. I understand if you do not have enough knowledge on that subject to give opinion. How did I know you hadn't a clue. In the early 70s the law on limiting travel money was made to stop large total amounts of sterling leaving the country to be exchanged into foreign currency. As for insults, I refer you to your own posts. Of course a government can restrict the flow of currency. |
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Post by sheepy on Dec 11, 2022 12:20:03 GMT
Why are you so busy repeatedly backing the lie about Brown's use of the term 'Boom and Bust' ? Not only has his use of the term been very clearly explained, it is also down in Black and White recorded in Hansard. Pacifico has never worried to much about truth getting in the way of popularity. Considering you don't even know if you are repeating lies or not, as half of it hasn't happened yet anyway. But what has happened is Gordon Brown was a liar. About many things. |
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Post by zanygame on Dec 11, 2022 12:27:20 GMT
Not sure why you feel the need to add an insult to every post, but whatever floats your boat. The government has never prevented anyone taking all their wealth abroad, just the amount of cash. Government limiting the amount of cash you can take abroad (To prevent tax evasion and money laundering) is nothing like limiting the actions of international banks based in the UK. Please address that point if you can. I understand if you do not have enough knowledge on that subject to give opinion. How did I know you hadn't a clue. In the early 70s the law on limiting travel money was made to stop large total amounts of sterling leaving the country to be exchanged into foreign currency. As for insults, I refer you to your own posts. Of course a government can restrict the flow of currency. Are you referring to the law introduced after the war and ended by Thatcher in 1979 as no longer relevant? Indeed hadn't been relevant for decades. Once again what has that got to do with how you would prevent international banks based in the UK from lending in the US market. Can you answer that please instead of obfuscating. |
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Post by zanygame on Dec 11, 2022 12:28:14 GMT
Pacifico has never worried to much about truth getting in the way of popularity. Considering you don't even know if you are repeating lies or not, as half of it hasn't happened yet anyway. But what has happened is Gordon Brown was a liar. About many things. I'll let Pacifico answer his own posts. |
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Post by see2 on Dec 11, 2022 13:33:18 GMT
For starters, I am nowhere near as cynical as yourself. I do believe that reality was beginning to dawn on some around 2006 / 2007 but by that time it was too late to do anything about it.___"The subprime mortgage crisis impact timeline lists dates relevant to the creation of a United States housing bubble and the 2005 housing bubble burst and the subprime mortgage crisis which developed during 2007 and 2008."___ The start of the problem was when somewhere around 2006 the US refused to back-up US banks with their Sub-Prime problems. (They had to do it anyway in 2008) Much of the worthless debt from that market was placed into packages (later described as "sausages" because no one knew exactly what was in them) and slipped into the International Financial markets Via Wall Street. Meaning that much of the blame for the Meltdown lies with the Stock markets and the international financial markets themselves. So you finally admit what I have been telling you since this subject was raised, that it is inconcevable that no one knew what was about to happen. Always remember that governments and the commercial world are experts at hiding news that will cause them embarrassment, moreso when they act together; face up tyo the fact that both are crooked when reputations are at stake. I don't have to "admit" to anything that I have claimed. "about to happen" is a million miles away from being forewarned and knowing it would happen. If Chancellors across the West were aware of the economic catastrophe that was going to happen in 2007/08 they would have been taking action well before it hit. The financial actions taken would have screamed out that there was an economic catastrophe on the way. If they did know some economist or economic politician would have claimed the glory of telling the world. So no one knew until it was too late to do anything about it, that was my point. |
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Post by see2 on Dec 11, 2022 13:39:09 GMT
Pacifico has never worried to much about truth getting in the way of popularity. Considering you don't even know if you are repeating lies or not, as half of it hasn't happened yet anyway. But what has happened is Gordon Brown was a liar. About many things. Please list some of these lies you claim he told. |
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Post by Toreador on Dec 11, 2022 13:48:27 GMT
How did I know you hadn't a clue. In the early 70s the law on limiting travel money was made to stop large total amounts of sterling leaving the country to be exchanged into foreign currency. As for insults, I refer you to your own posts. Of course a government can restrict the flow of currency. Are you referring to the law introduced after the war and ended by Thatcher in 1979 as no longer relevant? Indeed hadn't been relevant for decades. Once again what has that got to do with how you would prevent international banks based in the UK from lending in the US market. Can you answer that please instead of obfuscating. Why are you asking me when you should have been asking politicians responsible for fiascos. As I've said, politicians are charged with running a country just as you are charged with running your company; see the similarity? |
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