Did Labour crash the economy?

[Greyrun]

Adding 670000 civil servants to the public payroll added to the debt crisis, the bloated public sector should have been cut not added to.The cost of having union masters.

 

[beorhthelm]

You need to do your research.

come on then, tell us the product of yours. pray tell when it was Brown warned of the impending collaspe of the western banking system, or of any of the policies he suggested to avoid any problem. as i recall even after Northern Rock occured, and alot of economist started to dig around how they were funding themselves, there wasnt any policy to change the regulations.

 

[Nibble]

come on then, tell us the product of yours. pray tell when it was Brown warned of the impending collaspe of the western banking system, or of any of the policies he suggested to avoid any problem. as i recall even after Northern Rock occured, and alot of economist started to dig around how they were funding themselves, there wasnt any policy to change the regulations.

Actually most of the world acknowledged his work to avoid crisis, little Englanders find it easier to just blame the government of the day as it avoids tricky questions.

http://www.theguardian.com/books/2013/feb/11/saving-world-william-keegan-review

 

[Herr Tubthumper]

This accusation has been levelled before, it's wrong , but let's not let that distract from the absolute tosh you posted about Gordon Brown and his handling of the Credit Crisis, because that's exactly what it was, complete and utter rubbish.

Stop lying.

 

[FREDBINNEY]

Oh, it's not wrong and you know it. Can call you John if you'd prefer? Up to you. Or you could just **** off you multiple account tosspot? Either account you use you don't come across well.

Edit: life's too short, laters Bushy.

Say what you want , you're wrong , both on my identity, and even more so on your pitifully inaccurate statements regarding the credit crisis.

 

[FREDBINNEY]

Stop lying.

I'm not .

 

[FREDBINNEY]

Actually most of the world acknowledged his work to avoid crisis, little Englanders find it easier to just blame the government of the day as it avoids tricky questions.

http://www.theguardian.com/books/2013/feb/11/saving-world-william-keegan-review

Apart from it being the governor of the Bank of England who pulled the strings of the puppet brown to ensure the correct action was taken, your post told us that Gordon Brown warned of the crisis before it broke , you say that he was warning all and sundry of an impending credit crunch , not only is this untrue, you're now trying to wriggle out of the position you find yourself in by posting biased guardian articles on his actions post crisis, can you or can you not post Some evidence of brown warning that the availability of easy credit was unsustainable or would lead to meltdown ?

 

[Hampster Gull]

2006 budget, no return to boom and bust whilst deregulating the financial system and bloating the state.

To be fair though he did a good job once the mess started

 

[Soulman]

Never mind only about 20 years left on the rent for many schools and hospitals built under Labour, with McBroon as Chancellor.
Still we could always buy some Gold at top price......or sell it at an all time low.

 

[Nibble]

Apart from it being the governor of the Bank of England who pulled the strings of the puppet brown to ensure the correct action was taken, your post told us that Gordon Brown warned of the crisis before it broke , you say that he was warning all and sundry of an impending credit crunch , not only is this untrue, you're now trying to wriggle out of the position you find yourself in by posting biased guardian articles on his actions post crisis, can you or can you not post Some evidence of brown warning that the availability of easy credit was unsustainable or would lead to meltdown ?

The Guardian link cites the essay written by someone else, if you had read it you would have seen that. You haven't and you didn't.

 

[Nibble]

Say what you want , you're wrong , both on my identity, and even more so on your pitifully inaccurate statements regarding the credit crisis.

No, I'm not wrong. I'm not arguing with you. You have two accounts on here: Bushy and Fredbinney. I know this for an absolute fact. Denying it makes you look even more of an odd 'un.

 

[beorhthelm]

Actually most of the world acknowledged his work to avoid crisis, little Englanders find it easier to just blame the government of the day as it avoids tricky questions.

http://www.theguardian.com/books/2013/feb/11/saving-world-william-keegan-review

no, thats about events after Lehman's had occured and the crisis was in play, it was how he reacted to the events as recommended by Mervin. you stated "doing a good job and was trying to warn the banks and the rest of the world a crash is coming " so where is the evidence of this warning?

 

[Husty]

Could you put that in English?

You f*cktard.

 

[jimbob5]

You f*cktard.

I did not understand what point you were making.

 

[Nibble]

no, thats about events after Lehman's had occured and the crisis was in play, it was how he reacted to the events as recommended by Mervin. you stated "doing a good job and was trying to warn the banks and the rest of the world a crash is coming " so where is the evidence of this warning?

It's out there.

 

[Nibble]

look a bit of a pillock after that decisive rebuttal don't you ....snigger.

Not really John, Bushy, Fred Binney.

 

[FREDBINNEY]

It's out there.

look a bit of a pillock after that decisive rebuttal don't you ....snigger.

 

[pastafarian]

It's out there.

on what planet?

this must be him in 2011 explaining how he warned everyone before the crash happened that it was going to happen


"We know in retrospect what we missed. We set up the Financial Services Authority believing that the problem would come from the failure of an individual institution,So we created a monitoring system which was looking at individual institutions. That was the big mistake.
We didn 't understand how risk was spread across the system, we didn't understand the entanglements of different institutions with the other and we didn't understand even though we talked about it just how global things were, including a shadow banking system as well as a banking system.
That was our mistake but I'm afraid it was a mistake made by just about everybody who was in the regulatory business."

http://www.independent.co.uk/news/uk/politics/gordon-brown-admits-big-mistake-on-banks-2266233.html

 

[Nibble]

look a bit of a pillock after that decisive rebuttal don't you ....snigger.

Not really John, Bushy, Fred Binney.

 

[Nibble]

on what planet?

this must be him in 2011 explaining how he warned everyone before the crash happened that it was going to happen


"We know in retrospect what we missed. We set up the Financial Services Authority believing that the problem would come from the failure of an individual institution,So we created a monitoring system which was looking at individual institutions. That was the big mistake.
We didn 't understand how risk was spread across the system, we didn't understand the entanglements of different institutions with the other and we didn't understand even though we talked about it just how global things were, including a shadow banking system as well as a banking system.
That was our mistake but I'm afraid it was a mistake made by just about everybody who was in the regulatory business."

http://www.independent.co.uk/news/uk/politics/gordon-brown-admits-big-mistake-on-banks-2266233.html

Yeah, read that too. Interesting.