So the government cuased the credit crunch by forcing the banks to lend to those bloody foreigners
Absolute BNP tosh!
Absolute BNP tosh!
-
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.” -
Originally posted by PM-Junkie View Post
They could have done a lot worse. I predicted over a year ago further nationalisations of HBOS, RBS, B&B and Lloyds, when everybody was saying it was just that Northern Rock were incompetent. The Rock ran out of it's 'raw materials' due to the money markets drying up and a bank run caused by HMG
, and a blind man should have been able to see that liquidity was the issue and not the company.
In time, I have been proven absolutely right, that HMG and the BofE(especially Mervyn King with his 'moral hazard' preaching) got it wrong and now we are paying the price.
Comment
-
-
NR was nationalised in February - so it is amazing that you knew about it being nationalised over a year ago.Originally posted by Cyberman View PostThey could have done a lot worse. I predicted over a year ago further nationalisations of HBOS, RBS, B&B and Lloyds, when everybody was saying it was just that Northern Rock were incompetent. The Rock ran out of it's 'raw materials' due to the money markets drying up and a bank run caused by HMG
, and a blind man should have been able to see that liquidity was the issue and not the company.
In time, I have been proven absolutely right, that HMG and the BofE(especially Mervyn King with his 'moral hazard' preaching) got it wrong and now we are paying the price.
Does someone pay you to provide such entertainment here? Were you built upside down - so much carp comes out of your mouth.Is God willing to prevent evil, but not able? Then he is not omnipotent. Is he able, but not willing? Then he is malevolent. Is he both able and willing? Then whence cometh evil? Is he neither able nor willing? Then why call him God? - EpicurusComment
-
The pound will rise against the euro.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
-
When?Originally posted by Mich the Tester View Post
If you think of currency as share price of a country then UK is going down and will be taken over by stronger more agile, bigger company - eurozone.Comment
-
My prediction : Sterling to rise 10-15 per cent by the end of March.Originally posted by AtW View PostWhen?
If you think of currency as share price of a country then UK is going down and will be taken over by stronger more agile, bigger company - eurozone.Comment
-
-
Originally posted by PM-Junkie View Post
I predicted that if NRK were nationalised, then others would follow, because there was no real reason for it to be nationalised as it was purely a liquidity issue. As it was a prediction, it was BEFORE the Rock was nationalised and thus well BEFORE February. !!
The Rock has since repaid most of it loan, and has started lending again, even though it is supposed to be reducing its loan book by 50%. Yet more proof of a bad HMG decision to nationalise and theft from shareholders. I await the judicial review and public protests from January 12th with interest!!!
Comment
-
No idea.Originally posted by AtW View PostWhen?
That's my point. All we know is that prices for different things go up and down, and no-one can really predict them.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
Comment