Jump to content
House Price Crash Forum
moonriver

Dispatches. 8Pm Tonight, Channel 4.

Recommended Posts

Guest sillybear2

It was Thatcher wot started it, and all the rest since have acquiesced.

So what, for all the bitching they do about Thatcher, Brown and his cronies did nothing to stop it, he reveled in it and egged the City on.

'In budget after budget I want us to do even more to encourage the risk takers.' - Gordon Brown speech to bankers of the City of London, Mansion House, 2004.

Share this post


Link to post
Share on other sites

I strongly suspect last night's excellent programme was motivated by Vince Cable's comments earlier this month.

See link here.

Note Charlie Brooker's comments at number 8.

Dispatches should be praised for that programme - especially for exposing the role of London's Guildhall organisations who are THE lobby groups representing the banks.

Conspirators, the lot of them.

Edited by Dave Spart

Share this post


Link to post
Share on other sites

What we need is to get rid of any financial product that can't be explained in 5 minutes on the back of a matchbox.

Indeed, starting with our debt-based, commercially issued money, itself a 'financial product' which satifies your criterion above.

Share this post


Link to post
Share on other sites

Indeed, starting with our debt-based, commercially issued money, itself a 'financial product' which satifies your criterion above.

I walked into that one, didn't I? However, I'm not sure it's true. I can trade currency for assets and visa-versa, so it's not really removed...

BTW I've just thought of a wizard-weaze. Can I borrow, say, 50 gazillion from a bank and use it to hedge against the same bank?

Share this post


Link to post
Share on other sites

So what, for all the bitching they do about Thatcher, Brown and his cronies did nothing to stop it, he reveled in it and egged the City on.

'In budget after budget I want us to do even more to encourage the risk takers.' - Gordon Brown speech to bankers of the City of London, Mansion House, 2004.

What do you mean so what? You said it happened in the last 2 years, but it has been developing for decades, which is a major difference.

Share this post


Link to post
Share on other sites
Guest sillybear2

What do you mean so what? You said it happened in the last 2 years, but it has been developing for decades, which is a major difference.

The wholesale theft only occurred recently, the largest advance auction of stolen goods (the bubble) was a NuLabour era phenomenon, to be fair to the Tories they let Barings go to the wall.

Thatchers anti-industrialism was indeed wrongheaded, a bunch of parasitic paper pushers crammed into one corner of the country could never make up for it.

Share this post


Link to post
Share on other sites

The wholesale theft only occurred recently, the largest advance auction of stolen goods (the bubble) was a NuLabour era phenomenon, to be fair to the Tories they let Barings go to the wall.

Thatchers anti-industrialism was indeed wrongheaded, a bunch of parasitic paper pushers crammed into one corner of the country could never make up for it.

It's all about the regulations though. Banking is the only industry where rules alone decide how big and profitable the industry is, and the loosening of the rules started a long time ago.

Share this post


Link to post
Share on other sites
Guest sillybear2

It's all about the regulations though. Banking is the only industry where rules alone decide how big and profitable the industry is, and the loosening of the rules started a long time ago.

It's not just regulation, interest rates as set by the MPC/government is the key part, even if you could wraggle a liar-loan (i.e. commit mortgage fraud) in the 80's you probably couldn't afford the interest payments anyway.

Share this post


Link to post
Share on other sites

Does anyone here who uses 4oD know how long it normally takes after transmission for the programme to show up on there to watch?

The prior episode is there along with most of that night's other stuff, just not this particular show.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 201 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.