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Labour Let The Housing Market Rip And Become A Casino

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I've stopped watching BBC News and Andrew Marr because I'm sick of the BBC bias and Andrew Marr having our political liars, cheats and thieves on every week.

But Sky news just played a clip from the Andrew Marr show.

Text and video link

Mr Clegg also attacked the previous Labour government for creating the conditions under which the financial crisis unfolded.

"Labour oversaw the City when it was gorging on bonuses and let the housing market become a casino," he said.

http://www.bbc.co.uk/news/business-12261364

Has anyone seen Clegg say that on BBC News?

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I've stopped watching BBC News and Andrew Marr because I'm sick of the BBC bias and Andrew Marr having our political liars, cheats and thieves on every week.

But Sky news just played a clip from the Andrew Marr show.

Text and video link

Has anyone seen Clegg say that on BBC News?

I saw the original, on Marr's show. I had to rewind the PVR and watch again, unsure I had just imagined it.

It was very good.

Next we just have to hope they use the present verbal tense for this bubble.

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I saw the original, on Marr's show. I had to rewind the PVR and watch again, unsure I had just imagined it.

It was very good.

Next we just have to hope they use the present verbal tense for this bubble.

No they can't admit that housing in the UK was a bubble/casino as it would involve too much hat eating.

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Mr Clegg also attacked the previous Labour government for creating the conditions under which the financial crisis unfolded.

"Labour oversaw the City when it was gorging on bonuses and let the UK economy and the housing market become a casino," he said.

Nearer the truth - but he is right about the housing market except that it was/is worse than just a casino, it was/is an exceptionally dodgy casino.

Edited by billybong

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No they can't admit that housing in the UK was a bubble/casino as it would involve too much hat eating.

They have admitted it - but in the past tense. As if it was a casino only up to 2007, and it is fine now, "corrected". :rolleyes:

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They have admitted it - but in the past tense. As if it was a casino only up to 2007, and it is fine now, "corrected". :rolleyes:

Double speak for crashtime, they are distancing themselves from what will unfold this year. Talk like this is good, The Big One is coming.

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They have admitted it - but in the past tense. As if it was a casino only up to 2007, and it is fine now, "corrected". :rolleyes:

In a sense it has corrected since 2007, in terms of lending which is normalising nicely. Snag is there just isn't enough money gushing around to support these "bubble" prices.

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Clegg: Labour oversaw the City when it was gorging on bonuses

Davlie Cameron doesn't agree with Nick. He thinks bankers shouldn't be bashed anymore and deserve every penny of their bonuses as long as they lend recklessly.

Some rivets could definitely have popped out of the coalition titanic today because Chris "nine homes" Huhne is still having a dig at Davlie Cameron's man Coulson:

Chris Huhne today cast doubt on claims that phone hacking at the News of the World was the work of a single rogue reporter.

The energy and climate change secretary said on the BBC1's Politics Show: "It seemed to me clear that the number of people that were being hacked clearly was not consistent with it being one rogue reporter who happened to be the royal correspondent."

http://www.guardian.co.uk/media/2011/jan/23/gordon-brown-police-phone-hacking

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Davlie Cameron doesn't agree with Nick. He thinks bankers shouldn't be bashed anymore and deserve every penny of their bonuses as long as they lend recklessly.

If he wants to forgive the bankers then he has to forgive Brown too :)

And all the reckless existing borrowers and the new ones he wants to help create :)

Let's move on eh Dave

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If he wants to forgive the bankers then he has to forgive Brown too :)

And all the reckless existing borrowers and the new ones he wants to help create :)

Let's move on eh Dave

with any luck the chancellor will be able to create his model economy, Ireland

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with any luck the chancellor will be able to create his model economy, Ireland

"model economy" reminds me of when Alex Salmond was singing the praises of other economies that Scotland should model themselves on:

Scotland can change to a better future and be part of northern Europe's arc of prosperity. We have three countries­ Ireland to our west, Iceland to our north and Norway to our east - all in the top six wealthiest countries in the world. In contrast devolved Scotland is in 18th place. We can join that arc of prosperity.

http://www.snp.org/node/10359

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"model economy" reminds me of when Alex Salmond was singing the praises of other economies that Scotland should model themselves on:

well he got Norway right, 1 out of 3 is a damn good record for a politician in my book

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Sorry he may have said it but as has already been demonstrated by Cameron's words there will be nothing done about the banks.

Why does anyone believe politicians any more, when this self-delusion does finally break for the majority of people then we might see some real anger by the populace till then anything a politician says is like pissing in the wind.

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"model economy" reminds me of when Alex Salmond was singing the praises of other economies that Scotland should model themselves on:

Well he succeeded, house prices in Scotland are ludicrous, but at least they are "immune" to falls I suppose.

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Well, I've been playing in this casino for 7 years now, and if it's anything like Vegas, a bird in a short skirt should have been round by now with a smile and a complimentary bottle of beer.

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Nearer the truth - but he is right about the housing market except that it was/is worse than just a casino, it was/is an exceptionally dodgy casino.

It is more a pyramid scheme than a casino. In a casino, you win or lose randomly. In a pyramid scheme, it goes up and up until there is no new money left to feed it, then it collapses.

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It is more a pyramid scheme than a casino. In a casino, you win or lose randomly. In a pyramid scheme, it goes up and up until there is no new money left to feed it, then it collapses.

Haha, yeah.

But this time everybody has already realised it's a pyramid but the plan is to keep feeding it anyway. Genius.

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I saw the original, on Marr's show. I had to rewind the PVR and watch again, unsure I had just imagined it.

It was very good.

Next we just have to hope they use the present verbal tense for this bubble.

Its easy to point a finger at the past, what has he done about the issues, nothing, are they going to cap bonus no, are they going to build more social homes no, have they uturned on all there promises yes they have. Just more crap from politicians mouths, same old same, blame the past but keep it going, and say to the public there nothing they can do . Nick et al know they'll be out and they are doing the PR campaign.

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Its easy to point a finger at the past, what has he done about the issues, nothing, are they going to cap bonus no, are they going to build more social homes no, have they uturned on all there promises yes they have. Just more crap from politicians mouths, same old same, blame the past but keep it going, and say to the public there nothing they can do . Nick et al know they'll be out and they are doing the PR campaign.

...yeah ..OK....except let the sheeple inform the sheeple ....remember they have some catching up to do..... :rolleyes:

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  • 312 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%



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