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"Will have a butchers. The tories made massive political capital out of the notion Labour crashed the economy.. Such is politics, obviously..." For once I agree with you My father in law made some good financial gains during these times, not all was bad. | |||
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"The misinformation regarding the 2008 financial crisis is a subject that has always iked me. The common narrative has been that it was the fault of The Labour government, nothing could be further from the truth. The BBC In depth has article here https://www.bbc.co.uk/news/articles/cd0l4l4kpnko It is not to long and generally about the Nat ionisation of Nat West. But it also tells the underlying causes of the crisis. I am not a Labour supporter. But I do support the truth " Mind you Labour do have tendency to tax and spend their way into economic trouble. they are at it again now, taking us into a doom loop. No Economist worthy of the name will support the notion that you can tax the country out of decline | |||
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"Will have a butchers. The tories made massive political capital out of the notion Labour crashed the economy.. Such is politics, obviously..." Dermot Desmond profited greatly from it... 🤔😬 Dirty Cash, CSC... 🤓 | |||
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"Will have a butchers. The tories made massive political capital out of the notion Labour crashed the economy.. Such is politics, obviously... Dermot Desmond profited greatly from it... 🤔😬 Dirty Cash, CSC... 🤓" ... ... ... ... Our resident academic who is now a fan of big business despite being a communist until that particular volte-face. Parklife. DS/per | |||
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"Have you seen The Big Short? " I was just going to say that it lays all the facts out and highlights the greed that caused the crash. | |||
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"Will have a butchers. The tories made massive political capital out of the notion Labour crashed the economy.. Such is politics, obviously... Dermot Desmond profited greatly from it... 🤔😬 Dirty Cash, CSC... 🤓 ... ... ... ... Our resident academic who is now a fan of big business despite being a communist until that particular volte-face. Parklife. DS/per" Dermot Desmond was the key instigator of the global financial crisis of 2008 and YOU KNOW UT, SON!!!!! 😎😁 Admit it, Swampy!!! | |||
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"Fred Goodwin still walks freely among us, a multimillionaire. Thank God he never posted hurty words on X, and only cost the country Billions." His arrogance was breathtaking. I'm sure he kept his pension too. Fred the Shred. I can think of a 4 letter word to replace 'shred'... | |||
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"The misinformation regarding the 2008 financial crisis is a subject that has always iked me. The common narrative has been that it was the fault of The Labour government, nothing could be further from the truth. The BBC In depth has article here https://www.bbc.co.uk/news/articles/cd0l4l4kpnko It is not to long and generally about the Nat ionisation of Nat West. But it also tells the underlying causes of the crisis. I am not a Labour supporter. But I do support the truth " Quite agree. The crash was caused by the US Sub Prime mortgage market, and the worthless debt they then sold as "asset backed securities" around the work that was rubber stamped as AAA by the credit reference agencies. Once the bubble burst everyone else was in the deep do do and Labour did what had to be done to stop "runs" on UK banks which would have caused them to fail - a couple did e.g. Northern Rock etc. | |||
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"Will have a butchers. The tories made massive political capital out of the notion Labour crashed the economy.. Such is politics, obviously..." When in reality it was Thatcher and Regan's "Deregulation" that allowed the situation to happen in the first place. Labours problem failing was not putting better regulation back in place. If I remember correctly before the crash the Tory's were calling for even less regulation. In case people don't understand, after the 1929 wall street crash, banking regulation was put in place to make sure that it never happened again. That was scrapped by Regan in the USA and Thatcher in the UK in the 80's or 90's and other countries followed suit. | |||
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"The misinformation regarding the 2008 financial crisis is a subject that has always iked me. The common narrative has been that it was the fault of The Labour government, nothing could be further from the truth. The BBC In depth has article here https://www.bbc.co.uk/news/articles/cd0l4l4kpnko It is not to long and generally about the Nat ionisation of Nat West. But it also tells the underlying causes of the crisis. I am not a Labour supporter. But I do support the truth Mind you Labour do have tendency to tax and spend their way into economic trouble. they are at it again now, taking us into a doom loop. No Economist worthy of the name will support the notion that you can tax the country out of decline" Well considering that the Tory's tripled the UK national debt to over £3tn over the 14 years they were in power (it was around £1tn when they took power), and left so many problems to try and sort out, ANY incoming government would have little room to maneuver | |||
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"Just like today's political stuff After 14 years of tory rule they are blaming all the disasters that happened on Labour. Honesty is in short supply. " all the same different cheeks same arse | |||
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When RBS bought ABN Amro, it thought the Dutch bank had Shell as it's main client, even though the oil giant had set up it's own 'in house' bank. ABN Amro literally had no assets! Guess what?!?!? | |||
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"Will have a butchers. The tories made massive political capital out of the notion Labour crashed the economy.. Such is politics, obviously... Dermot Desmond profited greatly from it... 🤔😬 Dirty Cash, CSC... 🤓 ... ... ... ... Our resident academic who is now a fan of big business despite being a communist until that particular volte-face. Parklife. DS/per Dermot Desmond was the key instigator of the global financial crisis of 2008 and YOU KNOW UT, SON!!!!! 😎😁 Admit it, Swampy!!! " Swampy? Like the state of a Leicester garden after you? | |||
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"The worst thing the tories did was sell off the council houses that should never have happened " Wrong. The idea behind the policy was to sell them to long term tenants, instead of spending a small fortune in bring them up to standard e.g. new kitchens a bathrooms, central heating, double glazing etc. The money raised was to be spent on new social housing but more often that not it wasn't. Problem being the sales were up to individual councils and not central government. Hence houses got sold off way too cheaply or to short term tenants and the money got squandered elsewhere. Besides this has nothing to do with the 2008 crash. | |||
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"But remember the I.O.U. the labour government left the last time they were in power " The one that was a joke, something every outgoing chancellor does but the desperate Tories weaponised despite knowing full well it wasn’t true? That one? | |||
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"But remember the I.O.U. the labour government left the last time they were in power " Yesrs later David Laws finally apologised to Liam Byrne for weaponising that infamous scrawled note. It was a joke, not true. | |||
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"The misinformation regarding the 2008 financial crisis is a subject that has always iked me. The common narrative has been that it was the fault of The Labour government, nothing could be further from the truth. The BBC In depth has article here https://www.bbc.co.uk/news/articles/cd0l4l4kpnko It is not to long and generally about the Nat ionisation of Nat West. But it also tells the underlying causes of the crisis. I am not a Labour supporter. But I do support the truth Mind you Labour do have tendency to tax and spend their way into economic trouble. they are at it again now, taking us into a doom loop. No Economist worthy of the name will support the notion that you can tax the country out of decline" This isn't true either though is it. Labour usually come in to sort out the mess the Tories leave the country in. Because they think that low taxes fixes schools and builds hospitals. The happiest countries are always the Scandinavian countries and they have a very large tax and spend economies our version of capitalism has rendered us unhappy and in a right two and eight, most expensive electric in the world, our water is filthy but the bosses get millions. We have a housing crisis because the market has failed to deliver. | |||
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