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Darling On Gmtv

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Darling on GMTV this morning saying NR will be backed up. Asked if he knew this was going to happen, lots of BS and why he decided to bail them. Interviewer stated business lies on Rocky soil and something should have been done sooner, he replies with the old business model has changed answer. Also blamed the sheeple because they took loans they could not repay.

Absolutely no reason to panic now. Crisis is here and he can so sod all about it.

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Darling on GMTV this morning saying NR will be backed up. Asked if he knew this was going to happen, lots of BS and why he decided to bail them. Interviewer stated business lies on Rocky soil and something should have been done sooner, he replies with the old business model has changed answer. Also blamed the sheeple because they took loans they could not repay.

Absolutely no reason to panic now. Crisis is here and he can so sod all about it.

They'll be carting him off the the loonie bin soon while he continuously mutters "don't panic, musn't panic, don't panic!!"

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When will these people learn? "Don't panic" is ingrained into the public psyche as a signal to panic. For many people it is synonymous with the panic stricken Corporal on Dad's Army. With public distrust of Gordon's government and the banks at an all time low the WORST thing they can tell people is "Don't panic."

If they are going to spin it would be better to give instructions for the orderly withdrawl of funds from the banks the people think will go down. Suggest how to get in a Queue, what clothing to take, sandwiches etc etc.

But to say "don't panic!" :o:o:o

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Just heard him on Radio 4. He was waffling on about how our economy was strong. When asked if savings would be guaranteed for 100% he side stepped and carried on with the sound bite of 'strong economy'

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When will these people learn? "Don't panic" is ingrained into the public psyche as a signal to panic. For many people it is synonymous with the panic stricken Corporal on Dad's Army. With public distrust of Gordon's government and the banks at an all time low the WORST thing they can tell people is "Don't panic."

If they are going to spin it would be better to give instructions for the orderly withdrawl of funds from the banks the people think will go down. Suggest how to get in a Queue, what clothing to take, sandwiches etc etc.

But to say "don't panic!" :o:o:o

Kind of like when they released that video about surviving a nuclear attack. You got to love the Brits. Forming an orderly queue. The best trained monkeys in the world :lol:

Edited by Minos

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you should be watching BBC Breakfast. We've got banks teetering on the brink but Declan is in someone's house doing the dishes :rolleyes:

Oh, and that nice pickle man, Mr Branston, is giving some money to help some lovely white people who's daughter has disappeared.

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Darling on GMTV this morning saying NR will be backed up. Asked if he knew this was going to happen, lots of BS and why he decided to bail them. Interviewer stated business lies on Rocky soil and something should have been done sooner, he replies with the old business model has changed answer. Also blamed the sheeple because they took loans they could not repay.

Where were the govt/regulators and the BOE (who are responsible for financial stability) when this was being built up - NOWHERE.

THe bailout is to cover their own arses, not the Northern Rocks, all concerned were quite happy to let the party continue whilst the going was good. Too money money and political cpital to be gained as key points - Labour elections, 7/11 then Gordon's crowning, as time went by there was always the next key political imperative which required the debt binge to continue unabated.

And that is how we got here.

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Oh, and that nice pickle man, Mr Branston, is giving some money to help some lovely white people who's daughter has disappeared.

Are you suggesting he wouldn't have helped them if they weren't "white", or even "lovely"?

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you should be watching BBC Breakfast. We've got banks teetering on the brink but Declan is in someone's house doing the dishes :rolleyes:

:lol: I turned the TV this morning (I don't usually) to see if I could see the queues outside NR, I saw him doing the dishes so switched to Sky News. :lol:

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If this story is true Darling just backed the wrong horse:

From The TimesSeptember 17, 2007
Northern Rock board attacked over pay boost for executives before bailout
Robin Pagnamenta
Northern Rock’s embattled board was under growing pressure last night after an investor watchdog attacked the lender for awarding big executive pay rises shortly before it had to seek a bailout from the Bank of England.

http://business.timesonline.co.uk/tol/busi...icle2469492.ece

Edited by Realistbear

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If this story is true Darling just backed the wrong horse:
From The TimesSeptember 17, 2007
Northern Rock board attacked over pay boost for executives before bailout
Robin Pagnamenta
Northern Rock’s embattled board was under growing pressure last night after an investor watchdog attacked the lender for awarding big executive pay rises shortly before it had to seek a bailout from the Bank of England.

http://business.timesonline.co.uk/tol/busi...icle2469492.ece

As it should be, companies, as we all know, are run exclusivly for the benefit of the execs and the board, the employees, customers and shareholders have no stake whatsoever in modern buisness, execs are more than entitled to have a last get-rich fling before deleting the company, no doubt 100%+ mortgages they were lending out to potentialy dodgy customers was somehow attatched to their bonus scheme.

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Nope.

'Nope' - you're not suggesting it or ... 'Nope' - he wouldn't have helped them if they were black or not lovely.

If the latter - what grounds have you got for suggesting it? I can take or leave Mr. Branson - but I can't imagine what you base your comments on.

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you should be watching BBC Breakfast. We've got banks teetering on the brink but Declan is in someone's house doing the dishes :rolleyes:

What about the "actress turned property developer"?

She just proved how deeply ingrained is the property mania, and how painful the whole correction is going to be.

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Darling's done a great job. Massive queues outside branches to withdraw money, share price down 25% in the first half hour... The usual clueless idiots wheeled out as 'experts' on TV are still in denial. A lot of people are going to get burned because of them.

Edited by sikejsudjek

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As it should be, companies, as we all know, are run exclusivly for the benefit of the execs and the board, the employees, customers and shareholders have no stake whatsoever in modern buisness, execs are more than entitled to have a last get-rich fling before deleting the company, no doubt 100%+ mortgages they were lending out to potentialy dodgy customers was somehow attatched to their bonus scheme.

a bit like the dot com bust, shares went from 30 dollars per share to 1 cent and chief execs still pocketed millions.

i believe that these pay awards are untouchable once they are made ??

is that correct

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'Nope' - you're not suggesting it or ... 'Nope' - he wouldn't have helped them if they were black or not lovely.

If the latter - what grounds have you got for suggesting it? I can take or leave Mr. Branson - but I can't imagine what you base your comments on.

F*ck me. It was more a comment on the BBC and what they show rather than the important stuff. I love Mr Branston and his Heathrow lounge - I use it often. Probably the best lounge in the world.

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Just heard him on Radio 4. He was waffling on about how our economy was strong. When asked if savings would be guaranteed for 100% he side stepped and carried on with the sound bite of 'strong economy'

Said that on GMTV too! Didn't mention our strong economy is now made up of services, advertising and banking with very little unique manufactured goods to fall back on.

you should be watching BBC Breakfast. We've got banks teetering on the brink but Declan is in someone's house doing the dishes :rolleyes:

About the most useful thing they have found for Declan to do, because his analysis and journalism of the disaster unfloding has been nothing but propoganda by bulls.

If this story is true Darling just backed the wrong horse:
From The TimesSeptember 17, 2007
Northern Rock board attacked over pay boost for executives before bailout
Robin Pagnamenta
Northern Rock’s embattled board was under growing pressure last night after an investor watchdog attacked the lender for awarding big executive pay rises shortly before it had to seek a bailout from the Bank of England.

http://business.timesonline.co.uk/tol/busi...icle2469492.ece

OH SNAP! Tut tut tut. Hands in the biscuit barrel time for an investigation into the whole sub prime lending industry and that is bound to loosen the reg's on loan. Yeah right!

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Also blamed the sheeple because they took loans they could not repay.

Oh that is interesting. British sheeple?

Because so far the mainstream is in utter denial re subprime here, and all the reports about "why NRK" are centered around the money market shift - rather than the loan book quality.

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Oh that is interesting. British sheeple?

Because so far the mainstream is in utter denial re subprime here, and all the reports about "why NRK" are centered around the money market shift - rather than the loan book quality.

According to Darling on R5 nothing to worry about all the yanks fault for lending to much to the wrong people. We are fine here because thankfully IR are low and not 15% like under the Tories. Didn't mention that rampant inflation in the Housing Market, I wonder what Interest Rates would have needed to have been to control 400% HPI in 10 years!!

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Heard Darling on Radio 5 a short while ago...he kept repeating that the economy is sound. It is more interesting what he doesn't say - when asked if interest rates are likely to rise (in response to Greenspan's comments) he kept saying that they were lower than 15 years ago when they were at 15%. IRs lower than when IRs were high does not mean they won't rise...so he's not saying no to that one.

And when asked if other banks would be going to the BoE he only said that NR are they only bank that HAS BEEN to the BoE (i.e. past tense) and that the BoE is there to ensure the smooth running of the banking system. So not saying no there either.

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According to Darling on R5 nothing to worry about all the yanks fault for lending to much to the wrong people. We are fine here because thankfully IR are low and not 15% like under the Tories. Didn't mention that rampant inflation in the Housing Market, I wonder what Interest Rates would have needed to have been to control 400% HPI in 10 years!!

It was quite funny on GMTV because if I remember correctly Dear Darling said that under the Tories we were £100billion in debt, weird thing was he didn't mention how much debt we were now under with NuLabour. Strange eh?

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Guest pioneer31

Darling is clearly a robot. How many times did he say

"The fact is, if people want access to their money, they can get access to their money"

17, 18 times?

he's broken Michael Howard' s "Did you threaten to overrule him' record.

Edited by pioneer31

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