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Brown responsible for crisis !!
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Interesting article.
Perhaps more damaging than losing the money for Mr Wood – a star trader who split from his employer, Swiss bank UBS, to set up his own fund in 2006 – is that his judgement appears to have been flawed.
Yep that line about sums it for me.
Try as he might to convince you - and lthe poor laddie looks like hes lost his shirt in the Casino Capitalism Crash- NL did not create CDS the sub-prime market not did they push trhough the de-regulation that created the crises - which was from the USA.Comment
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Originally posted by AlfredJPruffock View Postthe Casino Capitalism Crash- NL did not create CDS the sub-prime market
Regulation in the City was the least strict from large trading points, which is why a shredload of dodgy Russian companies floated on LSE: they could not do so in USA because they'd get questions asked that nobody did here.Comment
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Originally posted by BrilloPad View PostIt is what the electorate think that counts.Comment
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Originally posted by AtW View PostNo, it's what the Prime Minister thinks that counts - otherwise electorate does not get a say in elections...
It is fiortunate for the Leaders that the people cannot think.
A Hitler.Comment
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Originally posted by AtW View PostVisa regulation in the UK was the least strict, which is why a shedload of dodgy Russian emigrants ended up here: they could not do so to other countries because they'd get questions asked that nobody did here.How fortunate for governments that the people they administer don't thinkComment
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Originally posted by Troll View PostComment
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Originally posted by AtW View PostNo, but they took their cut from City gamblers when things were going on the up.
Regulation in the City was the least strict from large trading points, which is why a shredload of dodgy Russian companies floated on LSE: they could not do so in USA because they'd get questions asked that nobody did here.
The revenues that the Govenrment made (and remember these Cityguys paid top-dollar for wizard accountants to reduce their tax anyway) is a mere trifle compared to the vast amounts they have now received as Welfare/Bailout from the Government - ie Taxpayer.Comment
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