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I agree totally mate, no doubt the wealth has increased but how it has been distributed leaves a lot to be desired.

 

Never put you down as a Socialist though!

 

So what is your opinion of the nicely tanned tax exile Tony Blair who having earned £20 million in overseas earnings in the last 2 years has returned to help his mate Gordon.

 

I was particularly taken with Blair's generosity not even extending to maintaining his membership of the Sedgefield Labour Club. :hihi::hihi::hihi: Mind you what did they ever do for him?

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That doesn't point to a party policy despite your link being to nothing more than someone's blog. It was Brown as Chancellor that made the Bank of England independant. That wasn't Conservative policy either. Brown then established the FSA to take over the BoE's role of regulator of the financial institutions. Not Conservative policy and something the FSA totally failed to regulate hence Equitable Life, Northern Rock, etc etc.

 

A Spectator journalist's article, published in the Spectator. To call it a blog highlights your attitude to the truth.

 

Conservatives would argue independence for BoE was wrong would they? They'd defend the BoE's record as regulator would they? (that's just the easiest example)

 

Don't pretend Conservatives were for MORE regulation in the financial sector. I know we expect Tories to lie, but usually the lies are at least half believable.

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That doesn't point to a party policy despite your link being to nothing more than someone's blog. It was Brown as Chancellor that made the Bank of England independant. That wasn't Conservative policy either. Brown then established the FSA to take over the BoE's role of regulator of the financial institutions. Not Conservative policy and something the FSA totally failed to regulate hence Equitable Life, Northern Rock, etc etc.

 

The FSA failed to regulate because they were told too by Labour.

 

The conservative opposition of the independence of the Bank of England crowed about right up until this crisis happened. Now, labour keep tight lipped over the issue as they know they concentrated the problems which in turn meant the UK was the worst hit nation by the recession and the last to emerge from it.

 

And it was Gordon Brown who personally OK'ed the Lloyds and HBOS merger, which then created a bank too large to go bust so billions had to be poured in. The thing is, HBOS and Lloyds thought they would never get the merger OK’ed by the competitions commission, so they went to Brown directly who circumnavigated their authority and allowed the merger. All this from a supposed financial expert? The guy is a ******** at best and deservers to be thrown out of no.10 with only the shirt on his back.

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A Spectator journalist's article, published in the Spectator. To call it a blog highlights your attitude to the truth.

 

Conservatives would argue independence for BoE was wrong would they? They'd defend the BoE's record as regulator would they? (that's just the easiest example)

 

Don't pretend Conservatives were for MORE regulation in the financial sector. I know we expect Tories to lie, but usually the lies are at least half believable.

 

I call it a blog because it is a blog. If you chose to call it a duck that is up to you but the truth is that i is a blog.

 

Regarding you link. I would point out that the Bank of England does not have and never did have powers to regulate financial operations in Singapore, which is presumably why the BoE was never required to offer financial guarantees on the deals that Leeson made.

 

I would point out that the Tories were in power for 18 years before Blair/brown took over and never once suggested independence for the BoE or handing its powers to regulate the financial sector to a QUANGO. So if you want to make up lies try to make them slightly credible.

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I call it a blog because it is a blog. If you chose to call it a duck that is up to you but the truth is that i is a blog.

 

as this is where you duck the truth... i'll leave it there.

 

edit - *yawns*

 

from the OED:

 

1.A frequently updated web site consisting of personal observations, excerpts from other sources, etc., typically run by a single person, and usually with hyperlinks to other sites; an online journal or diary.

 

2.In pl. said esp. of the vertical divisions in a newspaper or journal, as receptacles for the news, etc., which ‘fill the columns’ of these publications. Hence in extended use: a special feature, esp. one of a regular series of articles or reports.

 

spot the difference. although it doesn't really matter. you'll probably argue the OED is biased.

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as this is where you duck the truth... i'll leave it there.

 

edit - *yawns*

 

from the OED:

 

1.A frequently updated web site consisting of personal observations, excerpts from other sources, etc., typically run by a single person, and usually with hyperlinks to other sites; an online journal or diary.

 

2.In pl. said esp. of the vertical divisions in a newspaper or journal, as receptacles for the news, etc., which ‘fill the columns’ of these publications. Hence in extended use: a special feature, esp. one of a regular series of articles or reports.

 

spot the difference. although it doesn't really matter. you'll probably argue the OED is biased.

 

A blog is a blog. No point trying to argue otherwise. So all your twisty turny squirming doesn't get away from the fact that you cannot put up a credible post to support your case. That's about what we expect from supporters of this government of liars. They need liars like you to try to divert the blame despite having been in office and making the rules for 13 years.

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[quote=serapis;6081524

And it was Gordon Brown who personally OK'ed the Lloyds and HBOS merger, which then created a bank too large to go bust so billions had to be poured in. The thing is, HBOS and Lloyds thought they would never get the merger OK’ed by the competitions commission, so they went to Brown directly who circumnavigated their authority and allowed the merger. All this from a supposed financial expert? The guy is a ******** at best and deservers to be thrown out of no.10 with only the shirt on his back.

 

Would it have been better to let HBOS fail? I dont know. I am also not sure what David C and George O are advocating as an alternative. Are we cutting the deficit or reducing taxes like Nat Ins and Inheritance?

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Would it have been better to let HBOS fail? I dont know. I am also not sure what David C and George O are advocating as an alternative. Are we cutting the deficit or reducing taxes like Nat Ins and Inheritance?

 

My point was, Gordon Brown created this behemoth of a bank by ignoring the countries own limitations on such things, therefore creating the problem costing the tax payer over £11 billion.

 

Some like titanic will say this money is not lost and will eventually come back into the treasury, but when it does we can’t send the money back in time to stop the (coming) cuts in public services where this money could have been used.

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A blog is a blog. No point trying to argue otherwise. So all your twisty turny squirming doesn't get away from the fact that you cannot put up a credible post to support your case. That's about what we expect from supporters of this government of liars. They need liars like you to try to divert the blame despite having been in office and making the rules for 13 years.

 

when did i say i supported the government? there's the problem, you need to learn how to read instead of arguing with the little voices in your head.

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