EU to create emporer

[petergriffin]

EU to create Empörer

Are you German? Or Ossi?

[minestrone]

I do not know why King still has a job, he has the look of a man that is staring at his shoes while the rest of the room is shouting 'who farted'.

[amcdonald]

Just what do you expect a Government to do for you?

Bribe me to vote for them

[Lockhouse]

We'll be out on Saturday but the Ford 41 (not a 59) convertible will only exist in people's imagination.

Shame I can't make it, I'm sure it would be Something Else.

[SupremeSpod]

oh so its my fault?

No mention that the real issue was not cheap loans to UK residents, it was repackaging and reclassifying debt (probably illegally) and banks ending up overextending believing the repackaged loans were valuable.

If it had been just UK mortgage debt that is fairly low risk, you have an asset and a 5 -10% deposit if you the lender have any sense. Oh no they lent it out on 150% mortgages.

Both were publicised before the crash.The government did nothing.

Now the fiscally sensible are subsidising the experts negligence. While Mr Hammond spouts cobblers.

Just because some people were addicts doesn't mean we are!

Only mistake we made was electing such an incompetent bunch in the first place.

Just what do you expect a Government to do for you?

[vetran]

And here is another gem of "the bleeding obvious" from the Telegraph today

A wiser note was sounded by Philip Hammond, the Defence Secretary, who has pointed out that households cannot simply blame “the banks” for the dirt-cheap loans they took out. It is rare for a politician to ask the voters to look to the beam in their own eye, but he is right to do so: the banks might have been the dealers, but we were the addicts (with the regulators cast as the police who looked the other way). This is not an excuse, or a claim that since everyone was to blame, no one really is. But as Sir Mervyn well knows, in the aftermath of such an extraordinary outbreak of mass delusion, there is plenty of guilt to go round.

[/I]

oh so its my fault?

No mention that the real issue was not cheap loans to UK residents, it was repackaging and reclassifying debt (probably illegally) and banks ending up overextending believing the repackaged loans were valuable.

If it had been just UK mortgage debt that is fairly low risk, you have an asset and a 5 -10% deposit if you the lender have any sense. Oh no they lent it out on 150% mortgages.

Both were publicised before the crash.The government did nothing.

Now the fiscally sensible are subsidising the experts negligence. While Mr Hammond spouts cobblers.

Just because some people were addicts doesn't mean we are!

Only mistake we made was electing such an incompetent bunch in the first place.

[BlasterBates]

Great article by Vaclav Klaus in the Telegraph today. I'd vote for him.

ah just seen you specialise in 50's American cars, shame you don't live near where we play otherwise you could come and park a car outside the gig

We'll be out on Saturday but the Ford 41 (not a 59) convertible will only exist in people's imagination.

[DodgyAgent]

And here is another gem of "the bleeding obvious" from the Telegraph today


It has been almost five years since the first stages of the financial crisis, and still the accusations swirl about who, precisely, was responsible. In a lecture for the BBC this week, Sir Mervyn King, the Governor of the Bank of England, set out his side of the story. Predictably, he blamed the banks, for ramping up their borrowing to grotesquely irresponsible levels, and the Labour government, for stripping the Bank of the ability to regulate the system. “Our power,” he lamented, “was limited to that of publishing reports and preaching sermons.”
Sir Mervyn was surely being disingenuous in arguing that the Bank’s main fault was not to shout loudly enough about a catastrophe whose outlines it saw coming: that understates his responsibility almost as much as it overstates his foresight. Yet he is right to criticise Labour for its part in events. In his lecture, he cited the old saw about a central banker’s job being “to take away the punch bowl just as the party gets going” – yet he was forced to work for a prime minister who had mistaken a credit-fuelled bubble for a permanent end to “boom and bust”, and was determined to keep refilling the bowl until everyone ended up with an almighty hangover.
A wiser note was sounded by Philip Hammond, the Defence Secretary, who has pointed out that households cannot simply blame “the banks” for the dirt-cheap loans they took out. It is rare for a politician to ask the voters to look to the beam in their own eye, but he is right to do so: the banks might have been the dealers, but we were the addicts (with the regulators cast as the police who looked the other way). This is not an excuse, or a claim that since everyone was to blame, no one really is. But as Sir Mervyn well knows, in the aftermath of such an extraordinary outbreak of mass delusion, there is plenty of guilt to go round.

[Lockhouse]

Great article by Vaclav Klaus in the Telegraph today. I'd vote for him.

[DodgyAgent]

Sasguru has got a Napoleon complex. Perhaps he should apply.

What? cos he's short?

[MarillionFan]

... according to the Daily Express.



Emperor Blair?

Sasguru has got a Napoleon complex. Perhaps he should apply.

[TimberWolf]

... according to the Daily Express.

Opponents fear the plan could create a modern-day equivalent of the European emperor envisaged by Napoleon Bonaparte or a return to the Holy Roman Empire of Charlemagne that dominated Europe in the Dark Ages.

Express.co.uk - Home of the Daily and Sunday Express | UK News :: EU plot to scrap Britain

Emperor Blair?