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Gordon Brown Is Dennis Hopper, Mervyn King Is Keanu Reeves & Alistair Darling Is Sandra Bullock

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In December 2003 mad bomber Gordon Brown (Dennis Hopper) sets a ticking time bomb by removing housing costs from CPI : http://www.moneyextra.com/dictionary/consu...-index-cpi.html

Mervyn King (Keanu Reeves) targeting CPI now has the brakes blocked off and the speed of the UK Debt Bus picks up.

The hapless FSA are now asleep at the wheel of the UK Debt Bus by making little or no effort to stop banks lending recklessly and mortgage fraud via liar loans. Sir James Crosby is second in command at the FSA after being in charge at the Halifax when turning them from a prudent Building society into a reckless bank - so we couldn't expect much could we?

The UK debt bus starts to slow as it approaches a narrow street called Credit Crunch. Gordon Brown’s (Dennis Hooper’s) time bomb is in danger of going off and killing a few people, if the bus stops. The demise of Northern Rock and Bradford & Bingley and the amount of mortgage fraud coming to light shows the FSA really couldn’t find a brake pedal even if they tried.

Mervyn King (Keanu Reeves) and Alistair Darling (Sandra Bullock) come up with plan called Quantitative Easing and manage to wedge the accelerator pedal to the floor of the UK Debt Bus.

Mad bomber Gordon Brown (Dennis Hopper) is screaming that the speed of the UK Debt Bus isn’t high enough and lending must return to 2007 levels.

It’s obvious some new regulation needs to come in quick or more people will jump on the UK Debt Bus and when it finally crashes and explodes the death toll will be higher. The FSA sit at the rear of the UK Debt Bus as they are always backwards at going forward. In March 2009 the Turner Report comes out and the FSA have decided against suggesting mortgages should be limited to sensible salary multiples – instead, in effect shouting “All aboard the UK Debt Busâ€.

House prices start to rise as banks now KNOW for certain what they suspected before, that reckless lending = short term profits = bonuses and losses are paid by tax payers. They know there is no political will to limit the size of banks and the speed of the UK Debt Bus can only pick up. They know there is a brain washed public out there who think diverting their disposable income to larger, longer mortgage payments is making them wealthier instead of just generating more bonuses for the bankers.

On August 3rd the FSA who are supposed to regulate if people can pay for things, run out of money and have to borrow £200m from the banks it regulates!

http://www.moneymarketing.co.uk/cgi-bin/it...dh2&f=pndf2

Within a fortnight the FSA surprisingly waters down the previously expected curbs on banker’s pay

http://www.dailymail.co.uk/news/article-12...rain-drain.html

Sadly this is where our story really breaks away from the film Speed. In the film their Keanu Reeves manages to get the people off the bus because he is a hero. Unfortunately our Keanu Reeves (Mervyn King) isn’t, he has caught an addiction to the speed of debt from mad bomber Gordon Brown (Dennis Hopper). The MPC decide on further Quatitative Easing and at the inflation report on August 12th he warned banks that if they don’t lend more he will reduce the interest on their deposits at the B of E. Within a week LIBOR drops to it’s lowest ever rate.

So, mad bomber Gordon Brown (Dennis Hopper) is sat in his control room watching on TV as the UK Debt Bus speeds along. Even though travelling at speed it is picking up more people who have been brainwashed into thinking debt is wealth.

What can stop it?

Is there any chance of getting some of the people off in time, before the bomb eventually explodes?

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In December 2003 mad bomber Gordon Brown (Dennis Hopper) sets a ticking time bomb by removing housing costs from CPI : http://www.moneyextra.com/dictionary/consu...-index-cpi.html

Mervyn King (Keanu Reeves) targeting CPI now has the brakes blocked off and the speed of the UK Debt Bus picks up.

The hapless FSA are now asleep at the wheel of the UK Debt Bus by making little or no effort to stop banks lending recklessly and mortgage fraud via liar loans. Sir James Crosby is second in command at the FSA after being in charge at the Halifax when turning them from a prudent Building society into a reckless bank - so we couldn't expect much could we?

The UK debt bus starts to slow as it approaches a narrow street called Credit Crunch. Gordon Brown’s (Dennis Hooper’s) time bomb is in danger of going off and killing a few people, if the bus stops. The demise of Northern Rock and Bradford & Bingley and the amount of mortgage fraud coming to light shows the FSA really couldn’t find a brake pedal even if they tried.

Mervyn King (Keanu Reeves) and Alistair Darling (Sandra Bullock) come up with plan called Quantitative Easing and manage to wedge the accelerator pedal to the floor of the UK Debt Bus.

Mad bomber Gordon Brown (Dennis Hopper) is screaming that the speed of the UK Debt Bus isn’t high enough and lending must return to 2007 levels.

It’s obvious some new regulation needs to come in quick or more people will jump on the UK Debt Bus and when it finally crashes and explodes the death toll will be higher. The FSA sit at the rear of the UK Debt Bus as they are always backwards at going forward. In March 2009 the Turner Report comes out and the FSA have decided against suggesting mortgages should be limited to sensible salary multiples – instead, in effect shouting “All aboard the UK Debt Busâ€.

House prices start to rise as banks now KNOW for certain what they suspected before, that reckless lending = short term profits = bonuses and losses are paid by tax payers. They know there is no political will to limit the size of banks and the speed of the UK Debt Bus can only pick up. They know there is a brain washed public out there who think diverting their disposable income to larger, longer mortgage payments is making them wealthier instead of just generating more bonuses for the bankers.

On August 3rd the FSA who are supposed to regulate if people can pay for things, run out of money and have to borrow £200m from the banks it regulates!

http://www.moneymarketing.co.uk/cgi-bin/it...dh2&f=pndf2

Within a fortnight the FSA surprisingly waters down the previously expected curbs on banker’s pay

http://www.dailymail.co.uk/news/article-12...rain-drain.html

Sadly this is where our story really breaks away from the film Speed. In the film their Keanu Reeves manages to get the people off the bus because he is a hero. Unfortunately our Keanu Reeves (Mervyn King) isn’t, he has caught an addiction to the speed of debt from mad bomber Gordon Brown (Dennis Hopper). The MPC decide on further Quatitative Easing and at the inflation report on August 12th he warned banks that if they don’t lend more he will reduce the interest on their deposits at the B of E. Within a week LIBOR drops to it’s lowest ever rate.

So, mad bomber Gordon Brown (Dennis Hopper) is sat in his control room watching on TV as the UK Debt Bus speeds along. Even though travelling at speed it is picking up more people who have been brainwashed into thinking debt is wealth.

What can stop it?

Is there any chance of getting some of the people off in time, before the bomb eventually explodes?

Oh no, I used to quite fancy Sandra Bullock. She's really gone downhill since she let those slugs grow on her eyebrows though...... :)

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I like the analogy, however a more accurate picture would be debt default Bus chasing the UK bus... If you make the UK bus speed up the debt bus also speeds up. If the debt bus hits the UK bus at low speed there is a minor incedent but if there is a high speed crash there is carnage. By driving the UK bus faster you prolong the crash from happening but potentially make the crash worse. Northern rock was a Bump when the two busses touched but the UK bus managed to speed up via QE/etc... The questions how fast can the UK bys go? Can a big enough gap between the UK and Debt Buses be achieved to allow both buses to slow down in future.

Edited by moosetea

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Is there any chance of getting some of the people off in time, before the bomb eventually explodes?

I`m glad I decide to walk, although I do hope the bus doesn`t explode near me.

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I think it's more like we were all in a bus happily zooming along on the motorway, but then black smoke and horrible grinding noises started coming out of the engine. Rather than slow down a bit and give the engine a chance to cool down, the world's leaders decided the solution was to press even harder on the gas. So now there's black smoke everywhere and people are choking but at least we're going fast again, and that's the important thing, right? Right?

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