Styumpie Posted October 16, 2008 Report Share Posted October 16, 2008 They failed to regulate the banking industry, i.e they laxed the lending rules to support gordons miracle economy. The banking system needs to be tightly regulated, inflation needs to be controlled or else we end up like Zimbabwe. we managed it for years before brown messed it up. Labour created this mess, so I guess labour voters were the real culprits, I hope they are happy with the outcome. Link to comment Share on other sites More sharing options...
Claudias Posted October 16, 2008 Report Share Posted October 16, 2008 ^ ^ ^ I suppose that Labour and Gordon Brown created Dubya too. Link to comment Share on other sites More sharing options...
Styumpie Posted October 16, 2008 Report Share Posted October 16, 2008 believe whatever you want to believe, reality stays the same. Link to comment Share on other sites More sharing options...
JAStewart Posted October 16, 2008 Report Share Posted October 16, 2008 I'm with Claudias. I'm quite happy to put more blame on Bush than Brown. Link to comment Share on other sites More sharing options...
sheepshagger Posted October 16, 2008 Report Share Posted October 16, 2008 If you check it out I think you may find it was good old suck me nob clinton that relaxed the banking laws in america which borrow till bust brown quickly followed. All this before dubya even had a sniff of the white house. Link to comment Share on other sites More sharing options...
Styumpie Posted October 17, 2008 Report Share Posted October 17, 2008 so brown the economic genius had no part in this, and its all Americas fault I can see why we are in the smelly stuff up to our necks Link to comment Share on other sites More sharing options...
lastpubrunner Posted October 17, 2008 Report Share Posted October 17, 2008 Sound Financial Advice If you had purchased £1000 of Northern Rock shares one year ago it would now be worth 50p; with HBOS, earlier this week your £1000 would have been worth £1.50. £1000 invested in IceSave would now be worth less than 0.001p; but if you bought £1000 worth of Red Stripe Lager one year ago, drank it all, then took the empty cans to scrap dealer, you would get £214. http://www.wisebread.com/files/fruganomics/wisebread_imce/canscanscans.jpg So based on the above statistics the best current investment advice is to drink heavily and re-cycle Link to comment Share on other sites More sharing options...
paulb Posted October 17, 2008 Report Share Posted October 17, 2008 plus free b and b at an hospital near you. Link to comment Share on other sites More sharing options...
paulb Posted October 18, 2008 Report Share Posted October 18, 2008 we are very unpleased to say the least about the banks. they take our money yet they think they can just carry on as before. they fail to pass on intrest rate cut. and they are planning to give themselves 17 billion as a bonus. can you imagine awarding any bonus to someone who has messed up so badly. if they want our money NO BONUS. northern rock highest repo rate in the country. they should be stopped from taking peoples homes unless there is nothing that can be done. switch them to either council/housing assosiation rather than evict them. with the risk of high unemployment increasing its time the goverment started paying intrest on morgages before the 18 week wait. can you imagine telling the morgage company that they are going to have to wait for 4 months. i dont think they will be best pleased. Link to comment Share on other sites More sharing options...
Colin Posted October 20, 2008 Report Share Posted October 20, 2008 http://www.berlinonline.de/berliner-zeitung/archiv/.bin/dump.fcgi/2008/1009/weltfinanzkrise/0021/index.html Says it all really.. Link to comment Share on other sites More sharing options...
Fjool Posted October 20, 2008 Report Share Posted October 20, 2008 ^ Any chance of an English summary for those of us to whom German says very little...? Link to comment Share on other sites More sharing options...
ArabiaTerra Posted October 20, 2008 Author Report Share Posted October 20, 2008 Das globale Bankensystem wanktAnd which part of the headline needs translating? Link to comment Share on other sites More sharing options...
Fjool Posted October 20, 2008 Report Share Posted October 20, 2008 ^ Idd. Good point Link to comment Share on other sites More sharing options...
Ina Posted October 20, 2008 Report Share Posted October 20, 2008 Blast. And I thought they'd introduced German as the second official language in Shetland... Link to comment Share on other sites More sharing options...
Colin Posted October 20, 2008 Report Share Posted October 20, 2008 I don't speak German but, as far as I can make out, it means something similar to "staggering". Link to comment Share on other sites More sharing options...
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