Reply to: Tories tell northern England we love you

[darmstadt]

When I were a lad, we used to make all our gas from it, too.

And now according to politicians, we make it from Baked Beans Member of UK House of Lords Asks if Flatulence From Baked Beans Causes Global Warming | Opinion - Conservative

[Zero Liability]

Why not. We can keep uneconomic banks open.

Did you know banks were bailed out in 8 months to the tune equivalent to 5% the UK has donated in it's entire history towards scientific & engineering endeavour.

Think about that for a moment.

I have. The banks are a great case of the flaws of the TBTF paradigm, not an example for everyone else on how to run a business. The US went even further and balled out its trashy auto firms which are still unable to do well, even with its support.

Looking at the benefits accruing to the few firms who do perform well as a result of plunder is just looking at part of the equation.

[Peoplesoft bloke]

I'm sure I'll say something similar about RBS in 30 years and their latest Ponzi scheme


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[scooterscot]

Interestingly, also when I were a lad, the government bailed out Rolls Royce - there's a good chance they wouldn't exist now. They (mostly) went bust due to the R&D costs fro the RB211 which contains technology that to this day differentiates Rolls jet engines from the competition.

I'm sure I'll say something similar about RBS in 30 years and their latest Ponzi scheme


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[Peoplesoft bloke]

Perhaps based on result rather than entitlement.

Rolls Royce, they are leaders in aero engine technology. Let's make the funds available for a engine that produces less NOC's than a after dinner cigar.

Interestingly, also when I were a lad, the government bailed out Rolls Royce - there's a good chance they wouldn't exist now. They (mostly) went bust due to the R&D costs fro the RB211 which contains technology that to this day differentiates Rolls jet engines from the competition.

[Peoplesoft bloke]

You can make diesel from coal. Idiot.

When I were a lad, we used to make all our gas from it, too.

[scooterscot]

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.

Try telling nature that.

Waiting a minute I'm agreeing with you. Fate, it doesn't exists. I'm in control of my own destiny!!

Time for a cuppa I'm hungry. AAhhhh wait at minute, I see what's happening there. I'm not hungry at all. Shut-up stomach.

[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.

[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.

[MicrosoftBob]

FTFY.

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

A corporatist society like the rest of western society

[scooterscot]

That would have been the capitalist thing to do

FTFY.

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

[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.

[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)!

[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.

[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.