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Freedom without Socialism is privilege and injustice. Socialism without freedom is slavery and brutality.:d7dc4b20b2c2dd7b76ac6eac29d5604e_1136.jpg



Quote: BogBrushHead "You mean when he calculated that Abbey, A&L, and B&B were completely worthless ...'"

No.
I was, as Mintball said, referring to the banking meltdown of 2008.

As it happens, your description doesn't appear to tie in with Abbey's agreement to merge with Santander in an £8bn deal in 2004 or Santander's takeover of Alliance & Leicester's for £1.3bn in 2008 or the £150m that Santander paid for B&B's savings accounts and branches after B&B went absobloodylutelytitsup.
It sounds like you would argue that the valuations that were made were less than they were worth ... but those were the deals and share values can go down as well as up.
I'd suggest that's worthy of a thread of its own if you want to debate it.

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Quote: BiffasBoys "
Let's all blame Lehmann Brothers. No hang on let's do what every Labour politician has done and blame the bankers. That old chestnut. Sorry, I meant scapegoat. Where is Gordon Brown these days?
'"

Why shouldn't we blame banks and financial institutions for a banking and financial crisis?
Will you please answer the question, do you think the Labour governments policies caused Lehmann Brothers to fail?

Quote: BiffasBoys "
debt/gdp ratio
icon_lol.gif

You deny official stats, don't know that yield rate is the cost of borrowing, refuse to accept that stimulus pulled the US out of the mire, think that the entire Western banking crisis was Brown's fault, deny the reductions in public sector staffing, don't accept that supply versus demand affects price, cover your lack of insight with irrelevant questions but ignore questions asked of you ... etc etc ... and, when proved utterly wrong, you respond with "Absolute tosh".
icon_lol.gif

It's over, give it up.

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"You are working for Satan." [i:2886spie]Kirkstaller[/i:2886spie] "Dare to know!" [i:2886spie]Immanuel Kant[/i:2886spie] "Do not take life too seriously. You will never get out of it alive" [i:2886spie]Elbert Hubbard[/i:2886spie] "We are all in the gutter, but some of us are looking at the stars." [i:2886spie]Oscar Wilde[/i:2886spie] [url=http://thevoluptuousmanifesto.blogspot.co.uk:2886spie][color=#4000FF:2886spie]The Voluptuous Manifesto[/color:2886spie][/url:2886spie] – thoughts on all sorts of stuff.:d7dc4b20b2c2dd7b76ac6eac29d5604e_1977.jpg



Quote: BiffasBoys "Brown got it badly wrong all round. His dismantling of the regulatory framework & taking away control of interest rate from Bof E created the disaster...'"


So Brown was to blame for Lehman Brothers etc? And the financial crisis in the UK was completely isolated and unconnected from the global financial crisis?

Quote: BiffasBoys "No actual facts in there. Just a survey from the TUC...'"


Yerr ... 'cos that there TUC only got data from them there councils, and them there councils all told porkies so those aren't facts ...

Yerr ...

If you try harder, you might manage to avoid looking like such a complete twerp.

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"You are working for Satan." [i:2886spie]Kirkstaller[/i:2886spie] "Dare to know!" [i:2886spie]Immanuel Kant[/i:2886spie] "Do not take life too seriously. You will never get out of it alive" [i:2886spie]Elbert Hubbard[/i:2886spie] "We are all in the gutter, but some of us are looking at the stars." [i:2886spie]Oscar Wilde[/i:2886spie] [url=http://thevoluptuousmanifesto.blogspot.co.uk:2886spie][color=#4000FF:2886spie]The Voluptuous Manifesto[/color:2886spie][/url:2886spie] – thoughts on all sorts of stuff.:d7dc4b20b2c2dd7b76ac6eac29d5604e_1977.jpg



Quote: Him "... Can you answer the question please? This is the third time of asking ...'"


No, no: that's wrong. He never ever dodges questions. And he asserts this, so it must be true.

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The older I get, the better I was Advice is what we seek when we already know the answer - but wish we didn't I'd rather have a full bottle in front of me than a full-frontal lobotomy ------------------------------------------------------------------------------------------------------------ kirkstaller wrote: "All DNA shows is that we have a common creator." cod'ead wrote: "I have just snotted weissbier all over my keyboard & screen" ------------------------------------------------------------------------------------------------------------ "No amount of cajolery, and no attempts at ethical or social seduction, can eradicate from my heart a deep burning hatred for the Tory Party. So far as I am concerned they are lower than vermin." - Aneurin Bevan:2051.jpg



Quote: Mintball "No, no

Is he Iain Duncan Smith?

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"You are working for Satan." [i:2886spie]Kirkstaller[/i:2886spie] "Dare to know!" [i:2886spie]Immanuel Kant[/i:2886spie] "Do not take life too seriously. You will never get out of it alive" [i:2886spie]Elbert Hubbard[/i:2886spie] "We are all in the gutter, but some of us are looking at the stars." [i:2886spie]Oscar Wilde[/i:2886spie] [url=http://thevoluptuousmanifesto.blogspot.co.uk:2886spie][color=#4000FF:2886spie]The Voluptuous Manifesto[/color:2886spie][/url:2886spie] – thoughts on all sorts of stuff.:d7dc4b20b2c2dd7b76ac6eac29d5604e_1977.jpg



Quote: cod'ead "Is he Iain Duncan Smith?'"


If he believes it to be true ...

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Quote: El Barbudo "As predicted.
icon_lol.gif

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Quote: Mintball "No, no
Obviously. I assume his next argument will be that Labour "overspent" and that's why the economy failed.

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Quote: Him "Obviously. I assume his next argument will be that Labour "overspent" and that's why the economy failed.'"


Well they did build up a deficit in boom years.



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