Who thinks Labour are doing well?

[motorbiking]

Always. Good to see the backs of the cowardly racist party. I see the downward trend continues for the deformers, bless 'em.

you are aware that there are no prizes for 2nd place?

 

[noseall]

you are aware that there are no prizes for 2nd place?

I'm aware Labour are the party in power - correct.

 

[warey4life]

Gordon Brown did his fair share of f-ing up with his relaxing of banking regs which paved the way for the likes of Northern Rock to offer 125% mortgages. F-ing madness.

I agree, Gordon Brown was a useless chancellor, but the Tories did much more damage.

You still haven't answered this question:

Do you think Labour was responsible for all the subprime mortgages and Lehman brothers collapsing which lead to the 2008 financial crisis?

 

[Ivor Windybottom]

Do you think Labour was responsible for all the subprime mortgages and Lehman brothers collapsing which lead to the 2008 financial crisis?

They were responsible for lots of over-leveraging by all the banks here in the UK. Which made us vulnerable when the world hiccupped.

Do you think every other country ended up taking over their own banks? They didn't, years of non-regulation created the perfect environment for a collapse.

Furthermore, Brooon's solution, of bailing out the banks, made us and subsequent generations much poorer and meant that no lessons were learned and have set things up for the next collapse.

I heard a few months ago that Rachel was about to reduce regulation on the banks. They never learn.

 

[warey4life]

They were responsible for lots of over-leveraging by all the banks here in the UK. Which made us vulnerable when the world hiccupped.

Do you think every other country ended up taking over their own banks? They didn't, years of non-regulation created the perfect environment for a collapse.

Furthermore, Brooon's solution, of bailing out the banks, made us and subsequent generations much poorer and meant that no lessons were learned and have set things up for the next collapse.

I heard a few months ago that Rachel was about to reduce regulation on the banks. They never learn.

Countries that took control of their banks:

Iceland
Ireland
Belgium
France
Luxembourg
Germany
Switzerland
Latvia
Denmark
Kazakhstan
Spain

The US injected 700billion into its banks making them a major shareholder in multiple financial institutions.

 

[aveatry]

I agree, Gordon Brown was a useless chancellor, but the Tories did much more damage.

Its not a competition you know

 

[Ivor Windybottom]

I remember Brown's Freudian slip when he accidentally said he'd saved the world. He actually thought this.

We not only saved the world - Wikipedia

en.wikipedia.org

 

[warey4life]

I remember Brown's Freudian slip when he accidentally said he'd saved the world. He actually thought this.

We not only saved the world - Wikipedia

en.wikipedia.org

Many people believe that, and are completely ignorant to the fact that he was chancellor during the longest period of economic growth ever, and yet still managed to run up a deficit.

 

[Dec27]

I remember Brown's Freudian slip when he accidentally said he'd saved the world. He actually thought this.

We not only saved the world - Wikipedia

en.wikipedia.org

They only printed more money. Money they had until; brown sold our gold.

You couldn’t make it up.

It’s on par with thatcher selling off our housing stock!

 

[warey4life]

They only printed more money. Money they had until; brown sold our gold.

You couldn’t make it up.

It’s on par with thatcher selling off our housing stock!

Thatcher sold off everything.