Brown and Darling did alright yesterday

[sasguru]

If bailing out the City stops the whole country falling into a pit of unemployment and poverty, then it's a good option, regardless of whether the City workers deserve it. Longer term it would be good to change how things work but right now I'm happy for the fat-cats to keep their £multi-million bonuses if it improves the big picture. Trying to get revenge on the bankers is petty and counter-productive.

It's a big if though...

Yeah DP and BD are a bit fick innit?

[Peoplesoft bloke]

Experts!?!

What does AtW think? That's what I want to know.

I won't be happy until we've had CyberTory's analysis.

[DimPrawn]

I won't be happy until we've had CyberTory's analysis.

Cretin

[Cyberman]

Yes, they made a decision at last, but with the aid of the Libs and Tories, and one year overdue..... and why did they leak it to Robert Peston YET AGAIN....... to get shares on the cheap??!! They are total hypocrites, because on one hand they blame shorters for leaks/rumours on HBOS etc and then do the same themselves. This is no way to handle financial markets!!

I must say that I had just about given up on any meaningful action and thought we were surely heading down the pan as they dithered. Darling's non-action speech to the Commons earlier in the week was a total disaster for the markets, and that appeared to spur them into action.

To say that they had this in mind for weeks is just a joke. They were panicked into this action. We now need another big cut in rates because .5% is nowhere near enough. The economy really is in dire straits.

[Bob Dalek]

If bailing out the City stops the whole country falling into a pit of unemployment and poverty, then it's a good option, regardless of whether the City workers deserve it. Longer term it would be good to change how things work but right now I'm happy for the fat-cats to keep their £multi-million bonuses if it improves the big picture. Trying to get revenge on the bankers is petty and counter-productive.

It's a big if though...

You are agreeing that to have done the most obvious and the ONLY thing possible is somehow heroic - it isn't.

[sasguru]

Bottom line is the City and finance in general is about 20-25% of the country's GDP. Without it we fall below the level of Italy.
There isn't anything else left apart from weapons manufacture and pharma.

[snaw]

I have to say I agree. Every dog has his day (I even acknowledge some of the good Thatcher did), and maybe yesterday was Broon and Darlings day.

Scary part is, that if it does work then maybe it's an election winning moment ...

[rootsnall]

Yes, they made a decision at last, but with the aid of the Libs and Tories, and one year overdue..... and why did they leak it to Robert Peston YET AGAIN....... to get shares on the cheap??!! They are total hypocrites, because on one hand they blame shorters for leaks/rumours on HBOS etc and then do the same themselves. This is no way to handle financial markets!!

I must say that I had just about given up on any meaningful action and thought we were surely heading down the pan as they dithered. Darling's non-action speech to the Commons earlier in the week was a total disaster for the markets, and that appeared to spur them into action.

To say that they had this in mind for weeks is just a joke. They were panicked into this action. We now need another big cut in rates because .5% is nowhere near enough. The economy really is in dire straits.

What about Northern Rock though !?

[Cyberman]

Brown and Darling did **** for a year until yesterday !!!

[Pickle2]

Brown has done as good a job as possible to protect tax payers interests. It says a lot that many other countries will now follow our lead. A decent, balanced article from bloomberg here.

http://www.bloomberg.com/apps/news?p...yYc&refer=home

This should be the making of Brown as PM. The fight back will start with by-election victory next month (no great shakes given their existing majority, but...). Maybe the next election wont be the landslide many expected.

4 more years?