Government (ie. your taxes) at work

[DimPrawn]

And you do? What your solution? Chuck gazillions at banks, print money, what?
When interest rates are zero and nothing happens they WILL have to try radical solutions. What matters is which radical solution.
Making people feel secure in their homes is a psychological issue and economies are run on psychology. At the very least families whose bread winner is made redundant SHOULD NOT be repossessed - may be a better way is that mortgage interest is paid as housing benefit.
But if taxpayers money is going to be chucked somewhere better it goes back to taxpayers and not bonuses for bank employees.

I was one of the few that said none of the banks should have been bailed out, let every bank fail and only protect savers money.

Then setup new banks with new rules to lend money.

It how capitalism works. We don't need ANY of this state intervention.

[sasguru]

Until you remember that repo-ing the property and dumping the owners on the street gives their LA a 3000 pound per month bill to put them up in B&B.

Then it become sensible again

tim

WHS

[sasguru]

I was one of the few that said none of the banks should have been bailed out, let every bank fail and only protect savers money.

Then setup new banks with new rules to lend money.

It how capitalism works. We don't need ANY of this state intervention.

That's why you're known as a not very bright chappie.

[Solidec]

I was one of the few that said none of the banks should have been bailed out, let every bank fail and only protect savers money.

Then setup new banks with new rules to lend money.

It how capitalism works. We don't need ANY of this state intervention.

Exactly, I hate the fact governments hark on about the benefits of free market capitalism, but at the sign of trouble, its back to stalinist state intervention in everything.

You basically give the capitalists what they want in the good times and the make sure they dont suffer in the bad times, all the while joe public tax payer gets the rough end of the stick.

[sasguru]

Exactly, I hate the fact governments hark on about the benefits of free market capitalism, but at the sign of trouble, its back to stalinist state intervention in everything.

You basically give the capitalists what they want in the good times and the make sure they dont suffer in the bad times, all the while joe public tax payer gets the rough end of the stick.

I think you're a bit confused. Here's the correct version


I hate the fact corporations hark on about the benefits of free market capitalism, but at the sign of trouble, run cap in hand to stalinist state intervention.

[Solidec]

I was one of the few that said none of the banks should have been bailed out, let every bank fail and only protect savers money.

Then setup new banks with new rules to lend money.

It how capitalism works. We don't need ANY of this state intervention.

I think you're a bit confused. Here's the correct version


I hate the fact corporations hark on about the benefits of free market capitalism, but at the sign of trouble, run cap in hand to stalinist state intervention.

Sorry yes you are right, thats what I meant, it started off as a government rant and turned into a bigbusiness rant!

much better put, thanks for that.

[PM-Junkie]

Young Bob bought a horse one day from a farmer for £100.
The farmer agreed to deliver the horse the next day. Fair enough.
The next day he drove up and said, 'Sorry son, but I have some bad news, the horse died.'
Bob replied: 'Well, then just give me my money back.'
The farmer said, 'Can't do that. I went and spent it already'
Bob said: 'Ok, then, just bring me the dead horse.'
The farmer asked, 'What ya gonna do with him?
Bob said: 'I'm going to raffle him off.'
The farmer said, 'You can't raffle off a dead horse!'
Bob said: 'Sure I can, watch me! I just won't tell anybody he's dead.'
A month later, the farmer met up with Bob and asked,'What happened with that dead horse?'
Bob said: 'I raffled him off. I sold 500 tickets at two pounds apiece and made a profit of £998.'
The farmer said, 'Didn't anyone complain?'
Bob said: 'Just the guy who won. So I gave him his two pounds back.'

So go options and derivatives...it's also a metaphor for the bank bailout.

[dinker]

The only problem with the plan is that, like all Government action, it rewards stupidity.

[d000hg]

DP it's all very you well saying other people are idiots for their views, and saying "it's obvious", but I notice you haven't given any analysis of what's wrong, or even formally stated your opinion.
Any retard can copy-paste an article, add no opinion, and then call other people idiots. I suppose you can't technically be proved wrong if you don't offer an opinion (or are unable to form one).

Even AtW at least makes an effort to explain his opinions.

And by the way, I don't think it's a great idea, before you confuse my opinion of the government with my opinion of your posting.

[chris79]

Why are some people here contractors and not MPs?