Originally posted by Cyberman
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A big rate cut at last !!?? I hope........
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Just call me Matron - Too many handbags -
Originally posted by shaunbhoy View PostPossibly, but we could have left interest rates alone and ensured, through meaningful regulation, that the banks ceased using high-risk business models that were, in effect, highly irresponsible lending IMHO. We were left in a position where there was little or no risk to the top bankers that were rubber-stamping such practises as they were minted anyway as a result of their bonus scheme. It is the rest of us that are left picking up the pieces. HMG could and should have seen this disaster building and acted to shield us from the worst effects by giving the financial regulators some teeth. This they singularly failed to do, and for that they must be held accountable, and will be come the next Election.How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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Originally posted by zara_backdog View Post3.5% will do me fine thanks. I brought my first house in 1982 ( ex-husband got that one - well his girlfriend did in the end - long story...) Interest rates were 15% then and had just come down too.
Are you from the South Coast? Portsmouth, Selsey?Comment
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Originally posted by Peoplesoft bloke View Postbought
Are you from the South Coast? Portsmouth, Selsey?
As a matter if interest – just watched ‘Loose Women’ on the telly ( sad, I know) and they have just done a spot on poor spelling.Just call me Matron - Too many handbagsComment
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Originally posted by zara_backdog View PostNo! - I leave near Middle Earth.
As a matter if interest – just watched ‘Loose Women’ on the telly ( sad, I know) and they have just done a spot on poor spelling.
I wish you'd stick that syringe up Peoplesoft Blokes hypocritical ars e !!Comment
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Cybertory I'm still waiting for an answer on how lowering interest rates 2003-2007 would have curbed consumer debt and debt fuelled inflation and prevented the credit cruchThe court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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Originally posted by Cyberman View PostI wish you'd stick that syringe up Peoplesoft Blokes hypocritical ars e !!Just call me Matron - Too many handbagsComment
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Originally posted by Cyberman View PostI wish you'd stick that syringe up Peoplesoft Blokes hypocritical ars e !!Comment
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Originally posted by Bagpuss View PostCybertory I'm still waiting for an answer on how lowering interest rates 2003-2007 would have curbed consumer debt and debt fuelled inflation and prevented the credit cruch
I never said lower rates were a good thing in that period. It was a boom period due to lower rates and unfettered lending. A complete disaster instigated by brown and Co.Comment
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Originally posted by Cyberman View PostI never said lower rates were a good thing in that period.The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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