Banking buddies? Think you'll find the banking crisis started in the USA & became a global issue than no one country could deal with on their own. (Apart from Iceland, the only country that took the hit & jailed their bankers). The USA developed a plan of action to deal with it, then pulled out when they saw Brown's plan. The implemented Brown's plan, as did, I believe, in the region of 130 countries. So the world agreed a way forward that only the tories in this country disagreed with. Browns plan only ran 2 years or so until the election. The tories put in their plan & after 5 years have not improved the Banking industry & have managed to double the National Debt. Does this sound like a success to you? Bates could have done better! Also, correct me if I'm wrong, but didn't the tories vote alongside Labour to go to war?
Jocko ... you've got the banking issue a bit wrong bud ... the UK banks jumped into the sub-prime market because of lax regulations by Labour ... and no, they did not adopt Brown's plan because he didn't have one ... the US were held to ransom by the major banks ... here's the truth : the major US banks got together, faked a buyout plan for the first bank in serious trouble, Lehman, and then when they realised they were dead as well they went to the Treasury and demanded a bailout ... when this was refused, they allowed Lehman to collapse which caused widespread panic ... they then threatened to all go bust together, Bush lost his head and the Treasury authorised trillions in bailout cash that was then meant to go to lending, but the banks sat on the cash and went back to giving out big bonuses to their execs ... the only UK involvement was Barclays, who were the last resort to buy out Lehman and save them, but at the eleventh hour Barclays pulled out of the deal which consigned Lehman to liquidation ... it is believed Barclays took advice from the US banks on this ... now, all of this had NOTHING to do with Brown, but if you want to hold Brown up as an example, then you will find one of his legacies is the crookedness with the Libor Rate and how the banks were allowed to do as they please under Labour rule ... I ask you again, how can you support a party whose colour is RED? Sent from my iPad using Tapatalk
Well I'll see your 'truth' and raise you a Nobel-winning Economist's opinion .... Paul Krugman the Nobel Prize winner for Economics stated in his New York Times column that "Mr Brown and Alistair Darling, the Chancellor of the Exchequer have defined the character of the worldwide rescue effort, with other wealthy nations playing catch-up." He also stated that "Luckily for the world economy,... Gordon Brown and his officials are making sense,... And they may have shown us the way through this crisis." The British banking bail-out example was closely followed by the rest of Europe, as well as the U.S Government, who on the 14 October 2008 announced a $250bn (£143bn) plan to purchase stakes in a wide variety of banks in an effort to restore confidence in the sector. I also have no problem about the colour red. I knew more about socialism than scum in my tender years. It's a Scottish thing.
It's a Scottish thing? Ah, okay ... as for Krugman, that "insightful" statement, it is not rocket science, because it came AFTER the US had rolled the dice and handed the banks the bailout money ... now Jocko, here is where I fail to understand why you refuse to see the truth, because it's in the Krugman statement ... the reason Brown "led the way" with BUYING STAKES IN BANKS USING OUR MONEY was because he fcuked up in the first place, and THE ONLY WAY TO TRY AND BRING THE BANKS TO HEEL was to take up shares in them and try to control their executives ... Labour had no choice, so it wasn't genius, but it took "political courage" because it would highlight Labour's failings, which is why no other government jumped first ... now understand this, it wasn't the ideal way to invest taxpayers' money, but Labour had backed the country into a corner and they needed to show the electorate that they were trying to fix things, but the horse had already bolted ... the US followed because under the fool Bush they did the same by allowing banks too much free reign, and the Treasury needed to get the banks in line somehow after handing them trillions, and buying shares was the only way they felt they could excercise some control ... here's an example of tying up taxpayers' money through Brown's hand being forced: RBS are still losing millions, so its been a poor investment so far because the government can't get our money out to place into the NHS and other areas, so until the banks improve our money is stuck there unless Man City's owner decides to buy our shares ... look, I get the historical thing and how political parties can be supported like a football team, but unfortunately right now Labour is a very dangerous choice because their current leadership team falls well short of being fit to run this country ... and again, how can you support a party whose colour is RED? It's a Scottish thing doesn't count Sent from my iPad using Tapatalk
You do realise this isn't the early 20th century and the UK isn't an economic super power any more. Those days ended when Churchill allowed the yanks to indebt us for all that lend lease ****e whilst we distracted hitler till the real reds defeated national socialism. We are very much a small cog in a big wheel and don't control our own destiny.... Are you Nigel Farage?
Billy this is going to be my last post on the matter. It's too intense a subject to get involved with on here. The red represents the blood of our forefathers who put their lives on the line in the name of Socialism. It's nothing like 'supporting a team'. It's a way of life. A national conscience. A nod to what our families built for us, and an understanding of what we must do for our children's future. We've all but eradicated the tories in Scotland. The current Scottish Labour party will be next. Their crime? They stood shoulder to shoulder with the tories during the referendum, and they'll pay for that. Even they realise that. Nationalism is the accepted way forward. Once in charge of our own destiny, true Scottish Socialism will prevail, and we will look after our own people, as our heritage and future both demand. Go tell your sick that it's a good thing to pay for prescriptions. Tell your students it's a good thing to leave University with a huge debt. Tell your poor to get poorer, your hungry to get hungrier, and your rich to get richer. We won't.
Moi? I am as chilled as an Eskimo with frostbite... But we ****ing hate Tories and you my son have previous.
Milliband has always given the impression that he could lead the tory party imho. Detestable man. Posh bastard failing miserably to be in touch with the populace. Deffo a tory!
It appears that Nicola Sturgeon's parents did very nicely out of Thatcher's flag ship Right to Buy policy but we mustn't mention that of course.
Shows how two faced the SNP are that they might still have an unofficial alliance with Labour despite being at complete opposites of the Union debate, as well as them being their biggest rival at the Scottish parliament!
Well you will as you don't live there,but as for the rest,now the oil price has collapsed the scots economy wouldn't work with independance,so let them have it.
How very tory of you! "Might still", the stuff of Sun headlines. They might still have landed a man on Mars too!
