Jezza does it again

do_ron_ron said:
Somehow I doubt Govt could force a private bank to lend to people. Their shareholders own the bank and not Govt so they have to act in such a way that protects the shareholders assets. In the post I was replying to the accusation was that it was all GB's fault which is tosh. Banks(even in the US) lobbied for 'light regulation' as they had eliminated most of the risk. This did not happen overnight but in the US they had Bush and the Republicans in power.
Click to expand...

You've never heard of the community reinvestment act in the US? It was passed by clinton and did force banks to lend if they wanted to do business.

What about Fannie Mae and Freddie Mac, two entities that exist only because of government intervention and were instrumental in making the current crisis, especially as Clinton systematically increased their exposure and relaxed their acceptance criteria during his reign (Bush carried on this process, but didn't start it).

We have all seen the effects of banks when they get light regulation. This was merely the latest in a line.
Click to expand...

No, we've all seen the effects of bad regulation and state interference. Light or heavy regulation can be bad, as can state interference, especially when it acts to limit the effect of classic market skepticism.
 
Dolph said:
You've never heard of the community reinvestment act in the US? It was passed by clinton and did force banks to lend if they wanted to do business.
Click to expand...

No it didn't. It just said that you can't discriminate against people on the basis of where they want to buy. It did not force banks to offer ninja loans and it certainly didn't force banks in other countries to invest in things they didn't understand.
 
Oh dear, it's not just Jezza that's been upsetting Gordon the Donkey.

Downing Street not amused by Sarkozy attack on Brown tax cut


French officials scrambled to salvage the entente cordiale today after President Sarkozy publicly disparaged Gordon Brown's response to the global economic crisis.
Click to expand...

Source
 
I think the Labour party are showing themselves as idiots for making such a s fuss.

More of their knee jerk, pc rubbish being used to get someone off the air that has the courage to tell country that our PM is really an idiot.
 
Gordon Brown is a big fat, ugly, one-eyed, Scottish ****. Everything about him makes me want to vomit and throw objects at him. I wouldnt trust him to make me a sandwhich never mind run a country.

CAN I HAZ NEWSPAPER ARTICLE NOW?
 
Last edited:
Bennie-Mac said:
Gordon Brown is a big fat, ugly, one-eyed, Scottish ****. Everything about him makes me want to vomit and throw objects at him. I wouldnt trust him to make me a sandwhich never mind run a country.

CAN I HAS NEWSPAPER ARTICLE NOW?
Click to expand...

no but if you said "I CAN HAZ NEWSPAPER ARTICLE NOW?"
it would've been a yes :D
 
Bennie-Mac said:
Gordon Brown is a big fat, ugly, one-eyed, Scottish ****. Everything about him makes me want to vomit and throw objects at him. I wouldnt trust him to make me a sandwhich never mind run a country.

CAN I HAZ NEWSPAPER ARTICLE NOW?
Click to expand...

"Most people here are proud that the prime minister is a Scot and believe him to be the right person to get the UK through this global economic crisis."
Click to expand...

Apologise now :D
 
Dolph said:
You've never heard of the community reinvestment act in the US? It was passed by clinton and did force banks to lend if they wanted to do business.

What about Fannie Mae and Freddie Mac, two entities that exist only because of government intervention and were instrumental in making the current crisis, especially as Clinton systematically increased their exposure and relaxed their acceptance criteria during his reign (Bush carried on this process, but didn't start it).
Click to expand...

Scorza answered this one.

Fannie and Freddy were not the first financial institution to go belly up. As I said previously, the financial institutions convinced the politicians that they had all but eliminated risk. This is what was behind GB's statement of having eliminated 'boom and bust'. All politicians around the world were conned apart from the Spanish.


No, we've all seen the effects of bad regulation and state interference. Light or heavy regulation can be bad, as can state interference, especially when it acts to limit the effect of classic market skepticism.
Click to expand...

I can remember the Govt forcing banks to include PPI in their loans .....or not.
 
Viper² said:
I was going to reply sensibly but then I saw how poor your spelling is and the above sentence and thought 'why bother?'.
Click to expand...

Baha, how pathetic.

Not everyone has perfect written skills, welcome to the real world.

It's funny when celebrities have to apologise for saying thing's...just because they are that...celebrities.

Granted one eyed was just a slip of the tongue no doubt...I could call Clarkson a big headed lanky streak of wee...But I'm sure he wouldn't find that offensive.

Freedom of speech really isn't that free anymore.
 
If the Scottish MPs are so in love with the one-eyed idiot then they are welcome to take him back North of the border. Along with the rest of the foreign MPs we have supposedly representing us.
 
Can I suggest renaming of this thread to include his full name as it seems we had what now 3 or 4 threads about this...
 
You must log in or register to reply here.
Back
Top Bottom