Gordon is a legend, he will be missed.
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Vote Corbyn ! Save this country ! -
What's he doing now?Politicians are wonderfull people, as long as they stay away from things they don't understand, like working for a living!Comment
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How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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Originally posted by portseven View Post
Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave JohnsonComment
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Plenty of proof of that, Nick. West vs USSR, East vs West Germany, China under Mao vs China after adopting many elements of the free market, North vs South Korea, Cuba vs other SA states. There has never been a truly socialist state that has not stagnated or gone backwards. Even recessions don't drag capitalist nations down to socialist level.They say that capitalism distributes wealth unequally but socialism distributes POVERTY EQUALLY
Not that I am a fan of unregulated free markets, proper government regulation is essential.Last edited by xoggoth; 18 June 2010, 09:15.bloggoth
If everything isn't black and white, I say, 'Why the hell not?'
John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)Comment
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For an up-to-date example of how socialism destroys everything it touches, Venezuela is worth a look.
Capitalism may not be perfect, but it's the best we've got.You won't be alerting anyone to anything with a mouthful of mixed seeds.Comment
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Not a fan of Brown, but he did not lobby for Banking regulation to be loosened. That was done in the city of London and in Wall Street
http://www.imf.org/external/pubs/ft/wp/2009/wp09287.pdf
On December 31, 2007, the Wall Street Journal reported that Ameriquest Mortgage and
Countrywide Financial, two of the largest mortgage lenders in the nation, spent respectively
$20.5 million and $8.7 million in political donations, campaign contributions, and lobbying
activities from 2002 through 2006.2 The sought outcome, according to the article, was the
defeat of anti-predatory lending legislation. In other words, timely regulatory response that
could have mitigated reckless lending practices and the consequent rise in delinquencies and
foreclosures was shut down by some mortgage lenders. Such anecdotal evidence suggests
that the political influence of the financial industry contributed to the 2007 mortgage crisis,
which, in the fall of 2008, generalized in the worst bout of financial instability since the
Great Depression.
.....
With the caveat that empirical evidence cannot single out one interpretation
as the true explanation, our analysis suggests that the political influence of the financial
industry can be a source of systemic risk. Therefore, it provides some support to the view
that the prevention of future crises might require weakening political influence of the
financial industry or closer monitoring of lobbying activitiesLast edited by Bagpuss; 18 June 2010, 14:38.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.”Comment
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