green Posted April 4, 2012 Share Posted April 4, 2012 [quote=Jim Graham;8741634 Labour deregulated the regulators. Genius. And then their leader (Tony Blair) went on to work for one of them (JP Morgan). Link to comment Share on other sites More sharing options...
green Posted April 4, 2012 Share Posted April 4, 2012 Neither would I, but millions do and I agree with you and was just pointing out that the banking collapse was the inevitable consequence of the easy cheap money that gave people the artificial good times. I don’t just blame the banks though, I blame the people that borrowed and spent more than they could afford, the government that sat back and watched it happen and claimed to have created an indefinite boom that would never bust. You have bought into the myth that it was our fault. Have a read of this... http://www.golemxiv.co.uk/2012/02/propaganda-wars-our-version-risk-weighted-lies-1/ Link to comment Share on other sites More sharing options...
splodgeyAl Posted April 4, 2012 Share Posted April 4, 2012 Where did I belittle you?In your lack of actual answer Link to comment Share on other sites More sharing options...
truman Posted April 4, 2012 Share Posted April 4, 2012 In your lack of actual answer Get a grip man.... You didn't ask a question... Link to comment Share on other sites More sharing options...
splodgeyAl Posted April 4, 2012 Share Posted April 4, 2012 Get a grip man.... You didn't ask a question...Me get a grip? You ask a question, I answer it, you reply to that in an offhand manner, continue to derail the thread. Link to comment Share on other sites More sharing options...
truman Posted April 4, 2012 Share Posted April 4, 2012 Me get a grip? You ask a question, I answer it, you reply to that in an offhand manner, continue to derail the thread. I take it by the wave that you're going somewhere? Link to comment Share on other sites More sharing options...
Petminder Posted April 4, 2012 Share Posted April 4, 2012 You have bought into the myth that it was our fault. Have a read of this... http://www.golemxiv.co.uk/2012/02/propaganda-wars-our-version-risk-weighted-lies-1/ I haven't read anything and haven't bought into any myth, I sat back and watched events take place that I thought were an inevitable consequence of over consumption and a reliance on cheap easy debt. Link to comment Share on other sites More sharing options...
green Posted April 4, 2012 Share Posted April 4, 2012 I haven't read anything and haven't bought into any myth, I sat back and watched events take place that I thought were an inevitable consequence of over consumption and a reliance on cheap easy debt. Youll find the bankers & elite had much more fun that Joe Bloggs did with the easy credit....and they wont be paying it back either. Link to comment Share on other sites More sharing options...
I1L2T3 Posted April 4, 2012 Share Posted April 4, 2012 That's the sort of wisdom that goes nowhere though. How much will you sell your house for; A. what you think it's worth, or B.what somebody will pay you? Does B make you a Tory and A make you an honest good ol' working class bloke? Haha, nice try. You see it's not just about what people will pay you but also about what you can leverage. Maybe release some equity, maybe use it to fund a nice lifestyle, maybe get a property abroad, maybe pay school fees etc... This is the thing. The debt frenzy may have happened under Labour but core Tory voters will have been active participants in their millions. Hardly a peep out of the Tories in opposition - they knew that Daily Mail readers, especially the older ones actually liked what was happening. To rail against it now is hypocritical in the extreme. Link to comment Share on other sites More sharing options...
Mister M Posted April 4, 2012 Share Posted April 4, 2012 Yes I believe that sums the position up. Prior to the crash George Osborne complained about too much regualtion, though since the crash seems to have midified his views. The attached article pretty much sums it up: http://www.leftfootforward.org/2010/03/osbornes-hypocrisy-on-financial-regulation/ Link to comment Share on other sites More sharing options...
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