Brown responsible for crisis !!

**AtW** · 29 April 2009, 11:30

That guy runs hedge fund.

**AlfredJPruffock** · 29 April 2009, 11:33

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.

**AtW** · 29 April 2009, 11:36

Originally posted by AlfredJPruffock View Post

the Casino Capitalism Crash- NL did not create CDS the sub-prime market

No, 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.

**BrilloPad** · 29 April 2009, 11:37

It does not matter what the Telegraph thinks. It is what the electorate think that counts.

**AtW** · 29 April 2009, 11:38

Originally posted by BrilloPad View Post

It is what the electorate think that counts.

No, it's what the Prime Minister thinks that counts - otherwise electorate does not get a say in elections...

**AlfredJPruffock** · 29 April 2009, 11:40

Originally posted by AtW View Post

No, 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.

**Troll** · 29 April 2009, 11:41

Originally posted by AtW View Post

Visa 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.

**AtW** · 29 April 2009, 11:43

Originally posted by Troll View Post

Actually number of Russians on proper work visas (like I was) is pretty low - in my time when total number of issues work permit was around 60k I think Russians were like 500 or so, this leaves a maximum of 499 of them being dodgy...

**AlfredJPruffock** · 29 April 2009, 11:43

Originally posted by AtW View Post

No, 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.

Well of course - all forms of gambling are subject to taxation in the UK .

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.

Brown responsible for crisis !!