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LIBOR - Bank of England implicated?

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Hoof Hearted 12 Apr 17 11.42am
Originally posted by OknotOK All a bit cyclical but it is pretty easy to attribute much of the blame to the system. Which was definitely Tory created. And the lite-touch regulation that was in place was fought tooth-and-nail by the Tories whenever Labour did try and implement it. But they're all thieving ba$tards so it isn't really worth arguing the point too much. No argument here... but the poster I responded to had ALL of the blame on the Bullingdon Boys.... which I took issue with obviously.
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Hoof Hearted 12 Apr 17 11.42am

Originally posted by OknotOK

All a bit cyclical but it is pretty easy to attribute much of the blame to the system. Which was definitely Tory created. And the lite-touch regulation that was in place was fought tooth-and-nail by the Tories whenever Labour did try and implement it.

But they're all thieving ba$tards so it isn't really worth arguing the point too much.

No argument here... but the poster I responded to had ALL of the blame on the Bullingdon Boys.... which I took issue with obviously.

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nickgusset Shizzlehurst 12 Apr 17 1.21pm
In 2007, after 3 decades of neoliberal economics, the banks told Alistair Darling, the then Chancellor of the Exchequer, that the money had run out and asked him what he was going to do about it. He bailed them out with our money. The Tories continued to bail them out with our money while introducing 'austerity' and cutting our local and public services to ribbons. The banks continue to pay massive bonuses and lend money to people who can't afford to pay it back while refusing it to potentially profitable new businesses. The bits of the banks that have been returned to profit have been privatised again with no refund, interest or pecuniary benefit whatsoever to the taxpayers, while the toxic bits remain in public hands. The government, instead of investing in something better, is papering over the cracks in a desperate effort to hold up a failed economic experiment. Meanwhile we learn that the LIBOR fixing went right up to the Bank of England, so that Barclays were only the tip of the iceberg and those imprisoned were scapegoats near the bottom of the chain. This is all a matter of public record. Unlike a lot of bad things that happen, it's been on our TV screens and in our newspapers. So why do I still have people telling me that our problems stem from having too many immigrants?
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nickgusset

Shizzlehurst 12 Apr 17 1.21pm

In 2007, after 3 decades of neoliberal economics, the banks told Alistair Darling, the then Chancellor of the Exchequer, that the money had run out and asked him what he was going to do about it. He bailed them out with our money.
The Tories continued to bail them out with our money while introducing 'austerity' and cutting our local and public services to ribbons. The banks continue to pay massive bonuses and lend money to people who can't afford to pay it back while refusing it to potentially profitable new businesses.
The bits of the banks that have been returned to profit have been privatised again with no refund, interest or pecuniary benefit whatsoever to the taxpayers, while the toxic bits remain in public hands.
The government, instead of investing in something better, is papering over the cracks in a desperate effort to hold up a failed economic experiment. Meanwhile we learn that the LIBOR fixing went right up to the Bank of England, so that Barclays were only the tip of the iceberg and those imprisoned were scapegoats near the bottom of the chain.
This is all a matter of public record. Unlike a lot of bad things that happen, it's been on our TV screens and in our newspapers.
So why do I still have people telling me that our problems stem from having too many immigrants?

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hedgehog50 Croydon 12 Apr 17 1.29pm
Originally posted by nickgusset In 2007, after 3 decades of neoliberal economics, the banks told Alistair Darling, the then Chancellor of the Exchequer, that the money had run out and asked him what he was going to do about it. He bailed them out with our money. The Tories continued to bail them out with our money while introducing 'austerity' and cutting our local and public services to ribbons. The banks continue to pay massive bonuses and lend money to people who can't afford to pay it back while refusing it to potentially profitable new businesses. The bits of the banks that have been returned to profit have been privatised again with no refund, interest or pecuniary benefit whatsoever to the taxpayers, while the toxic bits remain in public hands. The government, instead of investing in something better, is papering over the cracks in a desperate effort to hold up a failed economic experiment. Meanwhile we learn that the LIBOR fixing went right up to the Bank of England, so that Barclays were only the tip of the iceberg and those imprisoned were scapegoats near the bottom of the chain. This is all a matter of public record. Unlike a lot of bad things that happen, it's been on our TV screens and in our newspapers. So why do I still have people telling me that our problems stem from having too many immigrants? What do you think would have happened to the economy if the Labour government had not bailed out the banks? We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell]
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hedgehog50

Croydon 12 Apr 17 1.29pm

Originally posted by nickgusset

What do you think would have happened to the economy if the Labour government had not bailed out the banks?

We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell]

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nickgusset Shizzlehurst 12 Apr 17 1.31pm
Originally posted by hedgehog50 What do you think would have happened to the economy if the Labour government had not bailed out the banks? Life would carry on .
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nickgusset

Shizzlehurst 12 Apr 17 1.31pm

Originally posted by hedgehog50

What do you think would have happened to the economy if the Labour government had not bailed out the banks?

Life would carry on .

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hedgehog50 Croydon 12 Apr 17 3.32pm
Originally posted by nickgusset Life would carry on . Do you think peoples' jobs, savings, mortgages, would have been unaffected and their material well being unaffected by widespread social breakdown? We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell]
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hedgehog50

Croydon 12 Apr 17 3.32pm

Originally posted by nickgusset

Life would carry on .

Do you think peoples' jobs, savings, mortgages, would have been unaffected and their material well being unaffected by widespread social breakdown?

We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell]

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.TUX. 12 Apr 17 5.57pm
Originally posted by hedgehog50 Do you think peoples' jobs, savings, mortgages, would have been unaffected and their material well being unaffected by widespread social breakdown? The notion of financial armageddon is nothing more than scaremongering put forward by the elite/those who cause the problems to scare the bejezuz out of the blinkered..........and you fall for it time after time. 8yrs on and we're worse off than we were 8yrs ago but the banks profits are once again doing very nicely thankyou. Get it? Let the b'stards fail, use the money borrowed to look after those affected and completely change the system. It really is that simple but sadly it'll never happen all the while people have their heads stuck up their arses. Buy Litecoin.
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.TUX.

12 Apr 17 5.57pm

Originally posted by hedgehog50

Do you think peoples' jobs, savings, mortgages, would have been unaffected and their material well being unaffected by widespread social breakdown?

The notion of financial armageddon is nothing more than scaremongering put forward by the elite/those who cause the problems to scare the bejezuz out of the blinkered..........and you fall for it time after time.
8yrs on and we're worse off than we were 8yrs ago but the banks profits are once again doing very nicely thankyou. Get it?
Let the b'stards fail, use the money borrowed to look after those affected and completely change the system. It really is that simple but sadly it'll never happen all the while people have their heads stuck up their arses.

Buy Litecoin.

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Cucking Funt Clapham on the Back 12 Apr 17 7.32pm
The global financial system - the biggest long firm fraud in history. Money conjured out of thin air in the first place suddenly vanishes. Now you see it, now you don't. We, the people, are being robbed blind yet still maintain some blinkered belief that we can vote the corrupt cnts out every five years, only to be replaced by a new shower of unprincipled bandits. Politicians of all hues and persuasions are all in on the game. I don't trust any of the fckers. It's why I don't vote. Wife beating may be socially acceptable in Sheffield, but it is a different matter in Cheltenham
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Cucking Funt

Clapham on the Back 12 Apr 17 7.32pm

The global financial system - the biggest long firm fraud in history. Money conjured out of thin air in the first place suddenly vanishes. Now you see it, now you don't. We, the people, are being robbed blind yet still maintain some blinkered belief that we can vote the corrupt c*nts out every five years, only to be replaced by a new shower of unprincipled bandits.

Politicians of all hues and persuasions are all in on the game. I don't trust any of the f*ckers. It's why I don't vote.

Wife beating may be socially acceptable in Sheffield, but it is a different matter in Cheltenham

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Hoof Hearted 13 Apr 17 11.11am
Originally posted by nickgusset In 2007, after 3 decades of neoliberal economics, the banks told Alistair Darling, the then Chancellor of the Exchequer, that the money had run out and asked him what he was going to do about it. He bailed them out with our money. The Tories continued to bail them out with our money while introducing 'austerity' and cutting our local and public services to ribbons. The banks continue to pay massive bonuses and lend money to people who can't afford to pay it back while refusing it to potentially profitable new businesses. The bits of the banks that have been returned to profit have been privatised again with no refund, interest or pecuniary benefit whatsoever to the taxpayers, while the toxic bits remain in public hands. The government, instead of investing in something better, is papering over the cracks in a desperate effort to hold up a failed economic experiment. Meanwhile we learn that the LIBOR fixing went right up to the Bank of England, so that Barclays were only the tip of the iceberg and those imprisoned were scapegoats near the bottom of the chain. This is all a matter of public record. Unlike a lot of bad things that happen, it's been on our TV screens and in our newspapers. So why do I still have people telling me that our problems stem from having too many immigrants? Because you keep banging on about the economy (which you clearly don't understand how it works, but constantly trot out Union soundbites) whereas the rest of us are talking about the problems with our infrastructure and loss of wildlife habitat caused by having too many immigrants.
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Hoof Hearted 13 Apr 17 11.11am

Originally posted by nickgusset

Because you keep banging on about the economy (which you clearly don't understand how it works, but constantly trot out Union soundbites) whereas the rest of us are talking about the problems with our infrastructure and loss of wildlife habitat caused by having too many immigrants.

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nickgusset Shizzlehurst 13 Apr 17 12.04pm
Originally posted by Hoof Hearted Because you keep banging on about the economy (which you clearly don't understand how it works, but constantly trot out Union soundbites) whereas the rest of us are talking about the problems with our infrastructure and loss of wildlife habitat caused by having too many immigrants. so our infrastructure being s***e has nothing to do with underinvestment. Its all pesky foreigners fault.
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nickgusset

Shizzlehurst 13 Apr 17 12.04pm

Originally posted by Hoof Hearted

so our infrastructure being s***e has nothing to do with underinvestment. Its all pesky foreigners fault.

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Hoof Hearted 13 Apr 17 12.21pm
Originally posted by nickgusset so our infrastructure being s***e has nothing to do with underinvestment. Its all pesky foreigners fault. If you put a strain on things it tends to break down. Hospitals A&E depts for example.... no amount of government planning could provide the solutions to today's numbers being seen. The "pesky foreigners" as you call them have been allowed to settle here, so you can't blame them specifically but if you are sensible you will note the effect they are having. Alternatively, you could have a political agenda and blame everything on the Tories. Edited by Hoof Hearted (13 Apr 2017 12.22pm)
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Hoof Hearted 13 Apr 17 12.21pm

Originally posted by nickgusset

so our infrastructure being s***e has nothing to do with underinvestment. Its all pesky foreigners fault.

If you put a strain on things it tends to break down.

Hospitals A&E depts for example.... no amount of government planning could provide the solutions to today's numbers being seen.

The "pesky foreigners" as you call them have been allowed to settle here, so you can't blame them specifically but if you are sensible you will note the effect they are having.

Alternatively, you could have a political agenda and blame everything on the Tories.

Edited by Hoof Hearted (13 Apr 2017 12.22pm)

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nickgusset Shizzlehurst 13 Apr 17 12.35pm
Originally posted by Hoof Hearted If you put a strain on things it tends to break down. Hospitals A&E depts for example.... no amount of government planning could provide the solutions to today's numbers being seen. The "pesky foreigners" as you call them have been allowed to settle here, so you can't blame them specifically but if you are sensible you will note the effect they are having. Alternatively, you could have a political agenda and blame everything on the Tories. Edited by Hoof Hearted (13 Apr 2017 12.22pm) If you cut funding things tend to break down
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nickgusset

Shizzlehurst 13 Apr 17 12.35pm

Originally posted by Hoof Hearted

If you put a strain on things it tends to break down.

Hospitals A&E depts for example.... no amount of government planning could provide the solutions to today's numbers being seen.

The "pesky foreigners" as you call them have been allowed to settle here, so you can't blame them specifically but if you are sensible you will note the effect they are having.

Alternatively, you could have a political agenda and blame everything on the Tories.

Edited by Hoof Hearted (13 Apr 2017 12.22pm)

If you cut funding things tend to break down

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