The end of Brownism

[HairyArsedBloke]

It's taken a year of dithering to come up with what I think is actually a good solution.
Meanwhile banks have been nationalised and gone bust because that was thought to be the best thing because they had been naughty, but actually regulation and HMG had failed us by allowing a debt spiral. Eventually, and tragically belatedly for the UK economy, they realised that banks were actually needed!!
Too many mistakes I'm afraid, and a year too late. Cameron would not have done any worse.

encoraged

The evil snot goblin has deliberately made use of the perceived wealth effect of asset price inflation balanced by deflation in wages at the bottom end caused by massive immigration to maintain the nuLieBore regime in power.

Cameron, the man who gave B’Liar a standing ovation in recognition of his achievements as PM, would have been just as bad.

[Cyberman]

Your Northern Rock money is gone ! It's time to move on.

Time will tell, BUT the Judicial Review is in January on whether Northern Rock should be valued as if it had no loans.It should be interesting, bearing in mind that all and sundry(even with massive US subprime!!!) now qualify for loans with no questions asked.

.... and how come B&B did not get any help ? That also is an immense scandal.

[Cyberman]

encoraged

The evil snot goblin has deliberately made use of the perceived wealth effect of asset price inflation balanced by deflation in wages at the bottom end caused by massive immigration to maintain the nuLieBore regime in power.

Cameron, the man who gave B’Liar a standing ovation in recognition of his achievements as PM, would have been just as bad.

We would not be in this mess with a Tory gov. so he would not have had it to sort out.

[shoes]

If I broke both your legs, and then set them for you and gave you a pair of crutches to hobble about on, would you thank me?

Normally you would not. If you were confused about how your legs got broken you might. That is the worry, people just don't know how much responsibility brown carries for the situation in the first place.

[Cyberman]

If I broke both your legs, and then set them for you and gave you a pair of crutches to hobble about on, would you thank me?

Normally you would not. If you were confused about how your legs got broken you might. That is the worry, people just don't know how much responsibility brown carries for the situation in the first place.

People don't realise yet but every other bone in their body has also been broken. Roll on 2010.

[OwlHoot]

.. actually regulation and HMG had failed us by allowing a debt spiral.

Much as I loathe defending NuLab, and despite their numerous cock ups (practically everything they touch), I don't think they can be blamed much if at all for the credit crunch.

If they had tightened up on credit even slightly, all the money would have flown away from UK institutions like a flock of starlings to migrate to where credit was easier and cheaper, in particular the US.

Also, there's something to be said for expansionist policies, sustained for many years, even if there's a downward slide at the end of a cycle.

As a gross simplification, what's better: 4 steps up and 2 steps down, or 2 steps up and 1 down? The second is less of a fall, but you're only 1 step up instead of 2. (And compound interest should also be taken into account.)

[Gordon Brown]

Much as I loathe defending NuLab, and despite their numerous cock ups (practically everything they touch), I don't think they can be blamed much if at all for the credit crunch.

If they had tightened up on credit even slightly, all the money would have flown away from UK institutions like a flock of starlings to migrate to where credit was easier and cheaper, in particular the US.

Also, there's something to be said for expansionist policies, sustained for many years, even if there's a downward slide at the end of a cycle.

As a gross simplification, what's better: 4 steps up and 2 steps down, or 2 steps up and 1 down? The second is less of a fall, but you're only 1 step up instead of 2. (And compound interest should also be taken into account.)

WHS

[d000hg]

He looked knackered over the weekend, did you see the size of the bags under his eyes !? I must say Darling has performed well in front of the cameras.

Would you have any faith in Cameron in this situation, I wouldn't.

If leading political figures don't look exhausted, that's more worrying.

[TimberWolf]

Also, there's something to be said for expansionist policies, sustained for many years, even if there's a downward slide at the end of a cycle.

If it had been nuclear reactors, a space program or public infrastructure expanded I might agree, but public sector pen pushers?

[expat]

We would not be in this mess with a Tory gov. so he would not have had it to sort out.

Oh right, the rest of the world doesn't have any problems at the moment, it's only us

And the whole banking meltdown is Brown's doing

Ninja loans, FNMA & FMAC, Lehman and all