Tories tell northern England we love you

[scooterscot]

I was quite happy for a few of the Banks to fail and their Directors to face insolvency charges. Note Barclays managed to recover without a bailout. It would have made the need for regulation less pressing if the Directors had felt the consequences of their actions.

We could have also cancelled debts based on fraudulent reselling of risk.

Instead we have wheel turns, nothing changes.

[vetran]

Instead we have wheel turns, nothing changes.

indeed in which case we need to treat the miners fairly for everyone's sakes. That doesn't mean keeping uneconomic pits open.

[scooterscot]

indeed in which case we need to treat the miners fairly for everyone's sakes. That doesn't mean keeping uneconomic pits open.

And the bankers should treat us fairrrly, no un-fairly, no I'm not getting it.

[vetran]

And the bankers should treat us fairrrly, no un-fairly, no I'm not getting it.

sorry to hear you aren't getting it, try getting her flowers and a nice meal that normally works.

The bankers should have been treated to a hot poker and told to sort themselves out, but New Lie gave them an open cheque book. I don't agree with bailing out banks and said so at the time.

[OwlHoot]

I was quite happy for a few of the Banks to fail and their Directors to face insolvency charges. Note Barclays managed to recover without a bailout. It would have made the need for regulation less pressing if the Directors had felt the consequences of their actions.

We could have also cancelled debts based on fraudulent reselling of risk.

That would have been the moral thing to do maybe; but if the Yanks didn't do likewise at the same time it would have been stupid and catastrophic for the UK - The US and anyone else willing to be more pragmatic and prop up their banks, however undeserving and blameworthy, would have cleaned up at our expense (literally)!

[scooterscot]

The bankers should have been treated to a hot poker and told to sort themselves out, but New Lie gave them an open cheque book. I don't agree with bailing out banks and said so at the time.

That was so good I had to read it twice.

[scooterscot]

That would have been the capitalist thing to do

FTFY.

If we're not longer a capitalist society what are we?

[MicrosoftBob]

FTFY.

If we're not longer a capitalist society what are we?

A corporatist society like the rest of western society

[scooterscot]

A corporatist society like the rest of western society

I've way wondered what it would have been like to live during the time of Al Capone.

[OwlHoot]

That would have been the moral capitalist thing to do

FTFY.

If we're not longer a capitalist society what are we?

Fair point, but I suppose bank assets are so widely owned and relied upon that laissez faire capitalism can't always be taken to its logical extremes.