Oh Dear ™ Britain is fooked

[Solidec]

You sure its not by Destroyed the greedy fookers who jumped both feet into the housing bubble? The bbc/channel4 location location crowd and all the hard of thinking sheep that watched it and believed it?

Bit of a weaksauce attempt of deflecting blame.

The Sheeple of the UK are largely ignorant eejuts, they need strong and sensible government to ensure the large majority don't do the feckless thing and attempt to cash in on things like superinflationary asset bubbles and the material want want want culture.

If the flock is lost, you blame the shepherd don't you?

[BrilloPad]

You mean people like sasguru who profited massively at the expense of other people, by buying cheap and selling high (at the peak)? People like that you mean?

I think he meant those who borrowed to buy. I should think sasguru paid cash.......

[Bagpuss]

You sure its not by Destroyed the greedy fookers who jumped both feet into the housing bubble? The bbc/channel4 location location crowd and all the hard of thinking sheep that watched it and believed it?

Well said, that was market forces while it is working, supply and demand, a perfect model of capitalism! Now it's gone wrong (as those with the most rudimentary economics education could see) it's the fault of Gordon Brown and the socialists!

Who is really to blame? The greedy/stupid populace, the banks, the government, in that order.

[DimPrawn]

Well said, that was market forces while it is working, supply and demand, a perfect model of capitalism! Now it's gone wrong (as those with the most rudimentary economics education could see) it's the fault of Gordon Brown and the socialists!

Who is really to blame? The greedy/stupid populace, the banks, the government, in that order.

I'd say the banks, the government, the greedy/stupid proles, but the main fact is we're all fcuked now.

[EternalOptimist]

It's inevitable in life that you get fooked over every now and then, but this is starting to look like a serious barge-poling

[Mich the Tester]

Well said, that was market forces while it is working, supply and demand, a perfect model of capitalism! Now it's gone wrong (as those with the most rudimentary economics education could see) it's the fault of Gordon Brown and the socialists!

Who is really to blame? The greedy/stupid populace, the banks, the government, in that order.

How about businesses which made quazillions of profits in the boom but put nothing aside as reserves? And businesses which took out or were forced by hedge funds to take out huge loans for mergers and acquisitions, while it’s common knowledge that mergers are very difficult to make successful and often result in huge debts? Surely they behaved just as badly as the proles who borrowed to buy flat screen tellies and BMWs with black windows?

[BlasterBates]

not only the EC thinks Britain is fooked, looks like just about everyone else as well

[ratewhore]

As long as you've got yer health though eh?

[Bagpuss]

As long as you've got yer health though eh?

This is true you can't buy one extra second of life. It's is going to be a bad time for those loaded up on debt, and unfortunately some people who weren't idiots will lose their jobs. Although for contractors it's a time of opportunity, as long as you keep in contact that is. Contractors: You've never had it so good!

[Solidec]

Pound below $1.4

Hoping my IBM shares rally as Obamania grips the US...