OzzMosiz Posted September 12, 2007 Share Posted September 12, 2007 Check it out tomorrow - unfortunately I missed which paper, but its FRONT PAGE NEWS!!!! Also Alistair Darling: Banks Should Return to Old Lending Practices - FRONT PAGE NEWS Quote Link to comment Share on other sites More sharing options...
Pluto Posted September 12, 2007 Share Posted September 12, 2007 (edited) Check it out tomorrow - unfortunately I missed which paper, but its FRONT PAGE NEWS!!!!Also Alistair Darling: Banks Should Return to Old Lending Practices - FRONT PAGE NEWS Central bankers are evil. They should have never kept rates so low for so long. Now the market has taken control of them. Edited September 12, 2007 by Pluto Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted September 12, 2007 Share Posted September 12, 2007 Central bankers are evil. They should have never kept rates so low for so long. Now the market has taken control of them. http://business.timesonline.co.uk/tol/busi...icle2441893.ece Mr Paulson visits London next week for his first talks with Alistair Darling since he became Chancellor, as well as a meeting with Gordon Brown. He also travels to Paris to meet Christine Lagarde, the French Finance Minister. Mr Paulson said the recent financial turmoil was likely to be the main focus of the discussions. Quote Link to comment Share on other sites More sharing options...
trompe le monde Posted September 12, 2007 Share Posted September 12, 2007 Also Alistair Darling: Banks Should Return to Old Lending Practices - FRONT PAGE NEWS Here's the Darling story: http://business.timesonline.co.uk/tol/busi...icle2442203.ece TLM Quote Link to comment Share on other sites More sharing options...
EmpiricalBear Posted September 12, 2007 Share Posted September 12, 2007 Central bankers are evil. They should have never kept rates so low for so long. Now the market has taken control of them. Nope. Central bankers just try to keep the economy ticking over. In the end though they can only do so much and the market will have its way. It was greed financiers, and the greedy public in a terrible deadly embrace that created this bubble. There are many examples of Mervyn King warning both the city, and the general public not to overdo the debt. In the end its the borrowers and the lenders who created this and ignored many warnings. Abetted by a government for whom it was expedient for all this to happen. Quote Link to comment Share on other sites More sharing options...
ollie plimsolls Posted September 12, 2007 Share Posted September 12, 2007 Check it out tomorrow - unfortunately I missed which paper, but its FRONT PAGE NEWS!!!!Also Alistair Darling: Banks Should Return to Old Lending Practices - FRONT PAGE NEWS The Darling story is in the Times and the 'We Cant Control Mortgage Rates' is what is going to face Daily Mail readers over breakfast. Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted September 12, 2007 Author Share Posted September 12, 2007 Trompe, thanks for the link. Quote Link to comment Share on other sites More sharing options...
neilrich Posted September 12, 2007 Share Posted September 12, 2007 Alistair Darling Story front page of tomorrow's Daily Telegraph! BOE 'We can't control Mortgage rates' Front page of the Daily Mail. Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted September 12, 2007 Author Share Posted September 12, 2007 Alistair Darling Story front page of tomorrow's Daily Telegraph!BOE 'We can't control Mortgage rates' Front page of the Daily Mail. Tomorrow is a dream day! Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted September 12, 2007 Share Posted September 12, 2007 (edited) Nope. Central bankers just try to keep the economy ticking over. In the end though they can only do so much and the market will have its way. It was greed financiers, and the greedy public in a terrible deadly embrace that created this bubble. There are many examples of Mervyn King warning both the city, and the general public not to overdo the debt. In the end its the borrowers and the lenders who created this and ignored many warnings. Abetted by a government for whom it was expedient for all this to happen. The central bankers' foot soldiers, they knew what was happening you couldn't be THAT thick or that IGNORANT of what was going on not be to absolutely complicit in the whole shell game. Well they've ******ed up good and proper now. They've turned economics, whole econmies and peoples' finances on their head a result. I don't know which of those individual situations is worse, altogether, all three - well it is utterly unprecedented. Edited September 12, 2007 by OnlyMe Quote Link to comment Share on other sites More sharing options...
trompe le monde Posted September 12, 2007 Share Posted September 12, 2007 Trompe, thanks for the link. no problem. Darling seems to have kept, (or been forced to keep), a very low profile since he took the poisoned chalice. About time he put his head over the parapet. I can't decide whether he's dispensing the unpalatable truth on behalf of GB, or being a thorn in his side. I suspect the former. TLM Quote Link to comment Share on other sites More sharing options...
davidhpc Posted September 12, 2007 Share Posted September 12, 2007 The thing is, in a few years time, everyone will be saying...WHAT THE HELL were the USA doing with 1% interest rates. It really was the most absurd situation. In relation to the UK, after a government has been in for too long, the whole establishment becomes rotten. Look at what we have now, the BBC just a government mouthpiece, the BofE doing whatever is required to follow government policy, the ruling party taking money from companies who will benefit from favourable legislation. It was exactly the same under Thatcher/Major. Unfortunately, we have no viable opposition to the current government at the moment. Quote Link to comment Share on other sites More sharing options...
Spikey1 Posted September 12, 2007 Share Posted September 12, 2007 http://www.dailymail.co.uk/pages/live/arti...in_page_id=1770 I just saw the front page on news 24!!! ITS HUGE!!!! Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted September 12, 2007 Author Share Posted September 12, 2007 (edited) no problem. Darling seems to have kept, (or been forced to keep), a very low profile since he took the poisoned chalice. About time he put his head over the parapet. I can't decide whether he's dispensing the unpalatable truth on behalf of GB, or being a thorn in his side. I suspect the former.TLM You could be right. Thing with Gordon though, was he having his arm twisted to let it happen. Was Tony (or his masters) the instigator?? edit: correction of drunken grammar. Edited September 12, 2007 by OzzMosiz Quote Link to comment Share on other sites More sharing options...
Flat Bear Posted September 12, 2007 Share Posted September 12, 2007 The central bankers' foot soldiers, they knew what was happening you couldn't be THAT thick or that IGNORANT of what was going on not be to absolutely complicit in the whole shell game. Well they've ******ed up good and proper now. They've turned economics, whole econmies and peoples' finances on their head a result. I don't know which of those individual situations is worse, altogether, all three - well it is utterly unprecedented. Exactly. They can not come out and say it was not their fault or within their remit without having the totally incompetant badge being put on them. Quote Link to comment Share on other sites More sharing options...
notthereyet Posted September 12, 2007 Share Posted September 12, 2007 Check it out tomorrow - unfortunately I missed which paper, but its FRONT PAGE NEWS!!!!Also Alistair Darling: Banks Should Return to Old Lending Practices - FRONT PAGE NEWS The BOE can control rates but not at the right time due to external pressures,Thats why we are in a mess now.The sad thing about it they know what the effect of ill timed actions are, but to them its just a case of some punters will have to be sacrificed. You can bet they will have thier house in order before the Sxxt hits the fan. Quote Link to comment Share on other sites More sharing options...
Fudge Posted September 12, 2007 Share Posted September 12, 2007 Arent you all missing something? House prices falling for the first time since 2005 Quote Link to comment Share on other sites More sharing options...
Harry Sacks Posted September 12, 2007 Share Posted September 12, 2007 Who'd have thought it, paper money rising against property. This could be the trigger. Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted September 12, 2007 Share Posted September 12, 2007 Vinegar strokes, HPCers, vinegar strokes! Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted September 12, 2007 Share Posted September 12, 2007 Bank of England governor Mervyn King said the cost of borrowing was likely to rise whatever the Bank did with official base rates. Oh dear, how sad, never mind. Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted September 12, 2007 Share Posted September 12, 2007 Quote Link to comment Share on other sites More sharing options...
red Posted September 12, 2007 Share Posted September 12, 2007 Vinegar strokes, HPCers, vinegar strokes! Quote Link to comment Share on other sites More sharing options...
South Lorne Posted September 12, 2007 Share Posted September 12, 2007 Central bankers are evil. They should have never kept rates so low for so long. Now the market has taken control of them. ......Central bankers...sorry.....this was Government policy....Gordo's policy ...which has gone astray....the market adjustment is the natural balance coming into effect due to the poisoning of the markets...again nothing to do with central banks ....but a lot to do with either Government's in a 'muddle both sides of the puddle' unable to either implement regulation or even introduce it......result ...big sting by bandits...not bankers......!.....maybe styled bankers......now Governments know certain people cannot be trusted.....and are they themselves up to the job.....?..... Quote Link to comment Share on other sites More sharing options...
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