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FORUMS > Warrington Wolves > Vestas - protest outside the match tonight
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Was I the only one that used their leaflets as confetti tonight?

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Quote: Peckerwood "Was I the only one that used their leaflets as confetti tonight?'"


A lot were made into paper aeroplanes...

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Quote: Peckerwood "Was I the only one that used their leaflets as confetti tonight?'"


Probably not. I got covered with it. Softer than ticket stubs too.

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Quote: Urmston Wire " but remember why exactly we play in Primrose and Blue...'"


Why do we? I've often wondered.

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Lady Daresbury paid for our first kit - she chose primrose as it was her favourite colour and blue as it was the colour of the Tory party.......

As for Vestas - wind power is a ridiculous concept for this country - the amount of turbines required to provide meaningful power for this country is completely impractical.

The future has to be nuclear power with tidal power (we are an island after all) as a 'green' back up.

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Quote: ChiswickWire "Lady Daresbury paid for our first kit - she chose primrose as it was her favourite colour and blue as it was the colour of the Tory party.......
.'"


I feel very dirty now.

I've also often wondered, Wigan, Saints and Leigh all wear Red/Cherry and White; it this a Labour/Lancastrian thing?

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Quote: ChiswickWire "Lady Daresbury paid for our first kit - she chose primrose as it was her favourite colour and blue as it was the colour of the Tory party.......

As for Vestas - wind power is a ridiculous concept for this country - the amount of turbines required to provide meaningful power for this country is completely impractical.

The future has to be nuclear power with tidal power (we are an island after all) as a 'green' back up.'"



our first kit was all black!

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Quote: Wires71 "Maybe you would have preferred a collapse of the banking system instead?'"


The banking system wouldn't have collapsed. If you believe that then please explain how - I think you've fallen for the guff that was spun when Northern Crock was going down.

Seriously, I have heard no one explain why it was necessary to save the banks with any detail - so help me out.

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Quote: ChiswickWire "
The future has to be nuclear power with tidal power (we are an island after all) as a 'green' back up.'"


Nuclear power just stores up expense for the future. When the plants reach the end of their safe working life you still have to keep them open, staffed and running for safe disposal of the nuclear waste, when they aren't actually producing any power.

The government seems to have seen nuclear as the bridging gap between fossil fuel energy and technology being good enough to have good renewable energy, but I wouldn't go any further than that, nuclear is a problem.

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Quote: Monmouth Wire "The banking system wouldn't have collapsed. If you believe that then please explain how - I think you've fallen for the guff that was spun when Northern Crock was going down.

Seriously, I have heard no one explain why it was necessary to save the banks with any detail - so help me out.'"


As a free market capitalist I would normally view it that loss making, bankrupt businesses should close leaving the market fight over the bones and recover naturally. However, seeing as this would mean people losing homes and life savings if this was to happen to the banking sector the Government intervention was crucial in preventing a number of the weaker banks going to the wall.

Some background reading www.guardian.co.uk/business/2008 ... nking-2008
Quote: Monmouth Wire "The banking system wouldn't have collapsed. If you believe that then please explain how - I think you've fallen for the guff that was spun when Northern Crock was going down.

Seriously, I have heard no one explain why it was necessary to save the banks with any detail - so help me out.'"


As a free market capitalist I would normally view it that loss making, bankrupt businesses should close leaving the market fight over the bones and recover naturally. However, seeing as this would mean people losing homes and life savings if this was to happen to the banking sector the Government intervention was crucial in preventing a number of the weaker banks going to the wall.

Some background reading www.guardian.co.uk/business/2008 ... nking-2008


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Quote: Wires71 "As a free market capitalist I would normally view it that loss making, bankrupt businesses should close leaving the market fight over the bones and recover naturally. However, seeing as this would mean people losing homes and life savings if this was to happen to the banking sector the Government intervention was crucial'"


People have always lost homes and life savings when they get made redundant in loss making bankrupt businesses, so do you support government intervention propping them up to avoid this?

It's funny how the free marketeers like government intervention when middle class professionals' homes and savings are on the line.

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Quote: Wires71 "As a free market capitalist I would normally view it that loss making, bankrupt businesses should close leaving the market fight over the bones and recover naturally. However, seeing as this would mean people losing homes and life savings if this was to happen to the banking sector the Government intervention was crucial in preventing a number of the weaker banks going to the wall.

Some background reading
The government ended up guaranteeing everyone's deposits during Northern Wreck and they should have left it at that. Joe Public's money was made safe because of that guarantee.

The one's in trouble when NWreck (and other banks like Abbey) started to go a bit Pete Tong were the shareholders and the bondholders - not the global finance system. Bond and shareholders would have taken the hit and quite right too, they could have chosen not to invest in such entities but chose too because of the returns on offer so that's their loss.

Simply put, if NWreck was unable to trade as a going concern then it should have been allowed to go down the pan and the difference between assets and liabilities (if any existed) should have been returned to the bond and shareholders. The assets, which was the future revenue stream from its funded mortgages would have a value to someone as those with a 25 year mortgage would still have to make their repayments regardless.

Another example, people with shareholdings in banks would have suffered and deservedly so, if you put your money with an Icelandic bank because the interest rate offered is massively higher than other more boring (read safer) bank than you should ask why and how they can be offering such a return - if it looks to good to be true then it generally is. High reward usually equates to high risk - no risk = no reward ......... if your daft enough to trust your money with a bunch of viking raiders then you must accept the consequences. We're rescusing all those county councils and pension funds greedy enough to invest in the IceBanks - remember that.

But what has happened? £700 billion has been shoved into these banks to protect the system - system, what system? What a load of crock.

Concerns about banks not being able to lend because they did not have the money because of bad bets on poor loans is understandable but why am I being asked to bail out these numptys who have killed themselves with their appalling get rich quick business models?

So, I ask you again - why did we have to bail out the banks?

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Quote: sally cinnamon "People have always lost homes and life savings when they get made redundant in loss making bankrupt businesses, so do you support government intervention propping them up to avoid this?

It's funny how the free marketeers like government intervention when middle class professionals' homes and savings are on the line.'"


In the view of most economic experts the Banking bail-out was neccessary as it underpins the entire capitalist system. Strong arguments both sides and I am fairly divided on it myself as, classically, all the failing banks should have be left to fail. But I have been convinced by the arguments that whilst this is a purer economic model it would cause undue hardship not only to consumers, but also severely damage small business and enterprise.

If your last point was aimed at me, that's cheap and inaccurate.

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Quote: Monmouth Wire "The government ended up guaranteeing everyone's deposits during Northern Wreck and they should have left it at that. Joe Public's money was made safe because of that guarantee.

The one's in trouble when NWreck (and other banks like Abbey) started to go a bit Pete Tong were the shareholders and the bondholders - not the global finance system. Bond and shareholders would have taken the hit and quite right too, they could have chosen not to invest in such entities but chose too because of the returns on offer so that's their loss.

Simply put, if NWreck was unable to trade as a going concern then it should have been allowed to go down the pan and the difference between assets and liabilities (if any existed) should have been returned to the bond and shareholders. The assets, which was the future revenue stream from its funded mortgages would have a value to someone as those with a 25 year mortgage would still have to make their repayments regardless.

Another example, people with shareholdings in banks would have suffered and deservedly so, if you put your money with an Icelandic bank because the interest rate offered is massively higher than other more boring (read safer) bank than you should ask why and how they can be offering such a return - if it looks to good to be true then it generally is. High reward usually equates to high risk - no risk

I clearly have stepped on a landmine here and you speak elequently on the subject. icon_smile.gif I do not have in-depth knowledge but, like most people, I was persuaded by what I have read on the BBC analysis pages (for example) and other sources and trusted the Chancellor, PM and Mervyn King to make the right decisions.

You sound like you think there was an ulterior motive for the bail out?

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Quote: Wires71 "In the view of most economic experts the Banking bail-out was neccessary as it underpins the entire capitalist system. Strong arguments both sides and I am fairly divided on it myself as, classically, all the failing banks should have be left to fail. But I have been convinced by the arguments that whilst this is a purer economic model it would cause undue hardship not only to consumers, but also severely damage small business and enterprise.

If your last point was aimed at me, that's cheap and inaccurate.'"


Which it is. It was a nailed on fact that the money bunged into the banks would be squirreled away and held on their balance sheets for their own benefit and NOT lent out to businesses as required. These banks won't be lending for the next 12 months as they use our money to make themselves look better while still pursuing short-term money making ideas for the benefit of their shareholders.

Lending to businesses has dropped despite the £700 billion they have been given - FACT. If you wanted to make sure that people still kept the economy running (by buying stuff) they should have given every tax payer £4,000 and let them do with it what they wanted.

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