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#1
29.09.2008, 03:13
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why can't we let the free market operate and just let the bastards
sink? why do we have to pay our tax money to support the City fat cats? |
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#2
29.09.2008, 08:24
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On Mon, 29 Sep 2008 03:13:10 +0100, MI5.Victim wrote:
>why can't we let the free market operate and just let the bastards >sink? why do we have to pay our tax money to support the City fat >cats? Because gordon wants no more boom and bust. And what gordon wants the coutnry has to fork out for. |
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#3
29.09.2008, 09:09
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MI5.Victim wrote:
> > why can't we let the free market operate and just let the bastards > sink? why do we have to pay our tax money to support the City fat > cats? Good question. If the damage could be limited to the banks, then it would be ok to let them sink. Unfortunately, the banks are custodians of money from personal savers and businesses, they would all sink as well. When lehman brothers went down, it must have affected dozens of businesses, but those businesses probably keep quiet about it and suffer in silence... |
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#4
29.09.2008, 10:15
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In uk.misc, (mogga) wrote in
<ij01e45forhjeq28ris10gve1ghnbin298>:: >On Mon, 29 Sep 2008 03:13:10 +0100, MI5.Victim wrote: > >>why can't we let the free market operate and just let the bastards >>sink? why do we have to pay our tax money to support the City fat >>cats? >>Because gordon wants no more boom and bust. And what gordon wants the >coutnry has to fork out for. Sadly (and as Ian Hislop pointed out sharply last week) he's "eliminated boom and bust" by eliminating boom. |
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#5
29.09.2008, 12:52
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"johannes" <johs> wrote in message
news:4704 > MI5.Victim wrote: >> >> why can't we let the free market operate and just let the bastards >> sink? why do we have to pay our tax money to support the City fat >> cats? > > Good question. If the damage could be limited to the banks, then it would > be ok to let them sink. Unfortunately, the banks are custodians of > money from personal savers and businesses, they would all sink as well. > When lehman brothers went down, it must have affected dozens of > businesses, > but those businesses probably keep quiet about it and suffer in silence... >But all it's likely to do is delay the recession, and then make it worse when it happens Steve Terry |
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#6
29.09.2008, 18:35
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mogga <di> writes:
> On Mon, 29 Sep 2008 03:13:10 +0100, MI5.Victim wrote: > >>why can't we let the free market operate and just let the bastards >>sink? why do we have to pay our tax money to support the City fat >>cats? > > Because gordon wants no more boom and bust. And what gordon wants the > coutnry has to fork out for. Why can't the shareholders in these fucked-up companies bail them out rather than the taxpayer having to? Chris |
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#7
30.09.2008, 09:19
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On Mon, 29 Sep 2008 18:35:21 +0100, Chris Eilbeck
<usenet> wrote: >mogga <di> writes: >>Why can't the shareholders in these fucked-up companies bail them out >rather than the taxpayer having to? > >Chris I think B&B shareholders were asked to. But they didn't chip in enough. HBOS is a working business. Just the share prices fell off a roof. Why lloyds would consider taking it all on when Santander is just picking the meat off the B&B's bones I don't know. |
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#8
30.09.2008, 09:21
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On Mon, 29 Sep 2008 12:52:06 +0100, "Steve Terry" <gFOURwwk>
wrote: >"johannes" <johs> wrote in message >news:4704 >But all it's likely to do is delay the recession, and then make it worse >when it happens > >Steve Terry > Well as long as gordon keeps on his mantra of it's global then that's fine. People who dare suggest house prices are too high will end up going on a long walk on the moors. Actually a rep from some housing organisation today pointed out that 8X average income is too high and traditionally it used to be 3x. I only saw the item once on the news though so I assume someone has objected to it. |
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#9
30.09.2008, 12:30
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In uk.misc, (mogga) wrote in
<b8o3e41si6fbe5qp1osi09gjepjdeu4u9h>:: >On Mon, 29 Sep 2008 12:52:06 +0100, "Steve Terry" <gFOURwwk> >wrote: >>Well as long as gordon keeps on his mantra of it's global then that's >fine. >People who dare suggest house prices are too high will end up going on >a long walk on the moors. >Actually a rep from some housing organisation today pointed out that >8X average income is too high and traditionally it used to be 3x. I >only saw the item once on the news though so I assume someone has >objected to it. Some areas of the countryside are worse; the prices are high because a lot of rich retired people fancy the roses-round-the-door scenario, but wages are low. Some young people would need 16x salary to get a foot on the ladder. |
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#10
30.09.2008, 20:39
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"mogga" <di> wrote in message
news:4u9h > On Mon, 29 Sep 2008 12:52:06 +0100, "Steve Terry" <gFOURwwk> > wrote: >> Well as long as gordon keeps on his mantra of it's global then that's > fine. > People who dare suggest house prices are too high will end up going on > a long walk on the moors. > Actually a rep from some housing organisation today pointed out that > 8X average income is too high and traditionally it used to be 3x. I > only saw the item once on the news though so I assume someone has > objected to it. >On BBC "This week" Diane Abbott.was trying to tow the above party line, until Michael Portillo pointed out the French aren't in this situation or in recession In fact the French are too busy buying our utilities to worry about such nonsense. By law the French aren't allowed to raise power / gas prices by more than 5% PA So they are rubbing there hands with glee at the prospect of raising UK prices by whatever they like, with the bonus of UK price increases cross subsidising the low French increases But of course the difference is the French have a government that governs Whereas here the so called "free market" governs the government Steve Terry |
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#11
01.10.2008, 08:37
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On 2008-09-30, Steve Terry <gFOURwwk> wrote:
> Whereas here the so called "free market" governs the government Except it doesn't. We have the worst of both worlds. |
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#12
01.10.2008, 09:40
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On Tue, 30 Sep 2008 20:39:56 +0100, "Steve Terry" <gFOURwwk>
wrote: >On BBC "This week" Diane Abbott.was trying to tow the above party line, >until Michael Portillo pointed out the French aren't in this situation or in >recession > >In fact the French are too busy buying our utilities to worry about such >nonsense. > >By law the French aren't allowed to raise power / gas prices by more than >5% PA >So they are rubbing there hands with glee at the prospect of raising UK >prices by whatever they like, with the bonus of UK price increases cross >subsidising the low French increases > >But of course the difference is the French have a government that governs >Whereas here the so called "free market" governs the government > >Steve Terry > So how does that work? We're all in the EU and that's what gets the blame for everything. |
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#13
01.10.2008, 09:53
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> >On BBC "This week" Diane Abbott.was trying to tow the above party line,
> >until Michael Portillo pointed out the French aren't in this situation or in > >recession http://www.theaustralian.com.au/story/0,25197,24427830- 26040,00.html October 01, 2008 PRESIDENT Nicolas Sarkozy summoned French bankers to an emergency meeting last night amid increasingly desperate efforts in Europe to check the spread of financial market chaos. |
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#14
03.10.2008, 13:49
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"Huge" <Huge> wrote in message
news:1fg1 > On 2008-09-30, Steve Terry <gFOURwwk> wrote: > >> Whereas here the so called "free market" governs the government > > Except it doesn't. We have the worst of both worlds. >A few years ago a US economic pundit was asked in a BBC TV interview what he thought of UK capitalism? He thought long and hard before replying... "I don't know what the hell you have here, but it isn't capitalism, it's some sort of privatised monopolies"? Steve Terry |
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#15
03.10.2008, 14:02
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On 2008-10-03, Steve Terry <gFOURwwk> wrote:
> "Huge" <Huge> wrote in message > news:1fg1 > A few years ago a US economic pundit was asked in a BBC TV > interview what he thought of UK capitalism? > > He thought long and hard before replying... > "I don't know what the hell you have here, but it isn't capitalism, > it's some sort of privatised monopolies"? Not that the USA is much better, mind you. |
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