|
|
Post by Pacifico on Jun 14, 2024 16:47:50 GMT
Labours system of Financial Regulation failed - other countries that had better systems of Financial Regulation were not as badly affected during the crisis. The responsibility lies with Labour The UK was hit hardest, as acknowledged by the IMF. The reason being that because Thatcher had destroyed probably thousands of Industries on her way to adding 2million to the numbers out of work, leaving the UK over reliant on Financial Services and it was an international financial meltdown. Does your mum still look after you? Brown has already apologised for implementing a regulation system that failed - you are barking up the wrong tree. |
|
|
|
Post by dodgydave on Jun 16, 2024 17:25:52 GMT
More of your lies.The economy was doing so well because it was based on an explosion of retail spending, financial services and housing... not paid for with cash, but with high-risk consumer debt. This started under the Tories (Major), and then excellerated under New Labour with more and more deregulation. Even Rachel Reeves has spoken about this, and she critisised Brown and Blair for not seeking proper growth (ie the UK making stuff). Unlike you, data doesn't lie... oh look a HUGE CONSUMER DEBT BUBBLE occurred under New Labour... yet according to you it was "unpredictable" lol.  Shove your lying comments as far up as you can get them. Mr. Shitty Coward, who hides behind a computer screen. It was based upon Money flowing into the Banks, or are you suggesting that the banks were aware that the money flowing in was worthless yet still looked for customers to take out mortgages and loans / LOL. Grow up idiot. Ah petty insults, a sure sign you have lost the argument. Only you don't actually have any arguments, you just parrot propaganda. Come on then, which part of my comments were lies? Is the graph a lie? Is New Labour being responsible for financial regulation a lie? What make your position so idiotic is that Labour have actually apologised for failing to regulate the banks properly lol. The FSA came to the same conclusion. You keep telling the same lies over and over again. I used to give you the benefit of the doubt, but they are lies because people keep providing you with proof that you are wrong, yet you still repeating the lie lol. It is totally pointless to continue lying because nobody believes you because the truth has been linked here many, many time lol. Oh look... Ed Milliband apologising for the Labour government's failure to regulate the City properly: www.standard.co.uk/hp/front/labour-wasn-t-tough-enough-on-bank-curbs-says-ed-miliband-6563645.html |
|
