Monday, Jan 26, 2009
Sharpen your knives for the following
Guardian: Twenty-five people at the heart of the meltdown ...
"The worst economic turmoil since the Great Depression is not a natural phenomenon but a man-made disaster in which we all played a part."
Posted by letthemfall @ 12:30 PM (833 views) Add Comment
20 Comments
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1. japanese uncle said...
Nothing is mentioned about the mastermind begind it.
2. letthemfall said...
Go on, JU, tell us.
3. shipbuilder said...
Anyone find it strange that we can identify and publish the names of the people directly associated with the mismanagement and loss of vast amounts of money, many quite clearly in pursuit of their own gains, resulting in the financial hardship, poverty and even death of thousands, if not millions, yet they will face little or no comeback under the law and indeed in many cases will be handsomely rewarded?
Contrast this with a Doctor or Engineer who can face years in jail for a single mistake, or even a petty thief who can face the same for stealing amounts miniscule in comparison.
4. japanese uncle said...
letthemfall
Sorry I want to die in bed.
5. sold out said...
Where's Blair and Thatcher?
6. mrmickey said...
I love these articles that blame the general public as if everybody has been living some sort of rock & roll lifestyle for the last ten years not working in some boring office job trying to save up to buy your own overpriced hovel.
7. a saver said...
Well this is a start, but what about the MPC and their disastrously low interest rates?
GB/Tony Blair/AD are also not given nearly enough credit for their role in the disaster - and their lies about the state of the economy.
One could also mention greedy estate agents and property-rampers and the role that the media let them play.
As for people who saw the HPC coming there's this blog of course and in the US Mish Shedlock, Patrick.net and others, as well as some who called it too early eg Pam Woodall (?) of the Economist.
8. bluebeach said...
Give that ever so nice Mr Blair another gleaming medal to add to his chest ware, prefferably with a really big, long, thick pin behind it this time.
9. phdinbubbles said...
Where's Krusty?
10. inflation is eating my savings said...
It is easy to be righteous after the event- I speak for myself- I feel very righteous.
However, before Northern Rock, I wonder how many of us had nagging doubts.
Certainly, I think it is true that most moderate doom-mongers here probably didn't think it would be this bad. I didn't know what a CDO was 18 months ago.
I am opened-minded, but to immediately assume it is all the work of some shady cabal of pyramid dwellers, rather than just blind incompetence and greed, seems premature.
11. bluebeach said...
Last time I saw Allslop on telly, I was sure she has had a trout pout job done or was it that she was sporting a nice little banger... anyone else noticed?!? ;O)
12. plato said...
Did I just pass a diversion sign while reading this article?
13. need-a-crash said...
@3. shipbuilder
Totally agree with you. I think from your previous comments you always come at these things from quite a left-wing power to the people angle which usually annoys me a bit. However as this disaster gets more and more serious I feel a popular revolution wouldn't be such a bad thing!
14. letthemfall said...
shipbuilder: absolutely.
inflation is...: I think most of us do put it down to greed and incompetence rather than anything intentionally criminal, although it can be a pretty fine line as times. Like shipbuilder, what really appals me is that they received vast rewards for not only contributing very little, but actually helping destroy large parts of our economy. If there were any justice in this world they should be made to pay financially for their gross mistakes.
15. james stephenson said...
In light of Gordon Broon's latest comments - birth pangs of a New World Order - you can bet that this was nothing to do with incompetence.
"In politics, nothing happens by accident. If it happens, you can bet it was planned that way."
- Franklin D. Roosevelt
"World events do not occur by accident. They are made to happen... staged and managed by those who hold the purse string."
- Denis Healey, former British Defense Secretary
16. james stephenson said...
The State is consolidating power and making us all debt slaves.
17. plato said...
Of course james stephenson....... I would be inclined to question the value of intelligent life otherwise. The only mistake is to put these people in positions of power and influence in the first place without the threat of responsible punishment.
18. This comment has been removed as it was found to be in breach of our Blog Policies.
19. shipbuilder said...
13. need-a-crash said...
"@3. shipbuilder
Totally agree with you. I think from your previous comments you always come at these things from quite a left-wing power to the people angle which usually annoys me a bit."
Cheers and fair enough about the left-wing angle, although I don't really consider myself either wing- is 'power to the people' left wing? A lot of libertarians may not agree. Who should have the power, if not the people?
20. troy said...
15. james stephenson said...In light of Gordon Broon's latest comments - birth pangs of a New World Order - you can bet that this was nothing to do with incompetence.
"In politics, nothing happens by accident. If it happens, you can bet it was planned that way."
- Franklin D. Roosevelt
"World events do not occur by accident. They are made to happen... staged and managed by those who hold the purse string."
- Denis Healey, former British Defense Secretary
Monday, January 26, 2009 02:47PM
17. plato said...Of course james stephenson....... I would be inclined to question the value of intelligent life otherwise.
~~~~~~~~
plato ~~~ that's a bit harsh and unlike you, not what I've been accustomed to all these months of inteligent exchange.
good choice of quotes james stephenson ~~~ makes me wonder Watt are your motives? are you on the right track?
and watt is your motivation
sorry, northern stuff, perhaps jackc can help us out - Blythe spirit and all that.
shiipy, those who fly with only one wing go around in circles, but you know that.
need a crash is on his way ~~~ good thing to. Thank you.