Osborne’s Command Economics
Guido just watched George Osborne on Marr argue that because banking is regulated, he should be able to order the financial regulators to order private enterprises to limit the pay of their employees (and further he wants international agreements to limit banker’s bonuses). In other words he is advocating a neo-Heathite incomes policy for the private sector.
Command economies have been out of fashion since the seventies when they were tested to destruction around the world. Television is another heavily regulated industry, why not cap Simon Cowell’s pay? Telecommunications is regulated – Telecoms tycoons earns hundreds of millions, why shouldn’t they be on maximum wages? The football transfer market is heavily regulated in Europe as well…
Why single out bankers? Guido doesn’t think it worth getting too worked up about this policy lurch because it will never happen and he doesn’t think Osborne really believes in what he is saying. The Tory treasurers Stanley Fink and Michael Spencer know something about huge bonuses and might be in a better position to advise the Shadow Chancellor. Bankers will simply re-organise their affairs so as to avoid socialising their rewards. The Cameroons show a depressing lack of leadership in making the argument at any level on any area of policy that is a hard sell.
George consider Islamic finance. Interest free etc
We love our Bankers. They are simply misunderstood.
So they fukd the entire UK economy for a short term bonus bonanza. Who hasn’t ? Boys will be boys and you can’t make an omlette without destroying the farm.
The public understands crippling government debt, higher taxes and public spending cuts are a small price to pay to keep these vibrant dynamic shock troops of deregulation and the free market in the manner they so richly deserve.
Why single out Bankers indeed.
You’ll be telling us that Britain isn’t best placed to exit the recession because of our over reliance on a corrupt and far too large “socially useless” financial sector.
Ludicrous! Gordon has explained how the UK is best placed to weather the recession before anyone else and he clearly knows what he is talking about.
Germany and France are only pretending to be in a far better situation than Britain and it is they who are pushing for a cap on the bonus greed of Bankers. They are Communists anyway. Everyone knows you can’t have a free market system unless it is an exact clone of the US system. Anything else is just Communism.
And so says Comrades Obama, Geithner, Emanuel et al.
TARP money for all Comrades!
Let us also celebrate Comrade Bush who first turned on the golden tap
Comrade Paulson, you and Goldman Sachs are the most shining beacon of the idealogical purity and beauty of a free self-regulating market
what were the chances of you being Goldman Sachs former CEO Comrade Paulson ? stroke of luck there wasn’t it ? fortune passes through murky waters indeed
so also said Comrade Bush who first turned on the golden tap of TARP
and we can’t forget former CEO of Godmine Sacks Comrade Hank Plson
Not forgetting either glorious Comrade Greenspan and his stakhanovite labours in single-handedly fending off the best part of a decade’s wimping by the economists inside the Bank for International Settlements.
“Germany and France are only pretending to be in a far better situation than Britain” It is certainly true that the German electoral cycle gives Merkel an interest in presenting the rosiest possible picture, at least until after the 27th of this month, when all sorts of nasty things could start to crawl out of the woodwork.
The charts are good for October when a heavy weight leader is welcomed with two fingers.
Ok so it was the Bankers who spent all the money and ran up all the debt. Screw them. I’ll never borrow money from a banker again. They made me do it.
Dirty bankers……..
I don’t think either France or Germany have the ‘mortgage problems’ we and America have. I was very impressed with France’s Financial Minister in her excellent interview with Kirsty on Newsnight the other day. Madam Legrand, I think she’s called.
If the major countries don’t agree on controlling banker’s bonuses then we’re on a hiding to nothing. Darling is obviously nervous about doing this, he must know that if the Americans don’t sign up and we and the others do bankers will leave London for the USA, or wherever.
Osborne knows it’s almost impossible to impose these restrictions on bankers, he’s just electioneering. Darling should have made sure that restrictions were put on the banks that were nationalised, at the time of nationalisation.
I quite like Merkel – lovely assets
France might well be in a better position for a couple of reasons:
a) there was much less of a “boom”, so far less of a bubble to burst.
b) Very tight controls on what people can borrow, and a far more “captain manwaring” bank managing system. on the “upside” for now, fewer people could do things like: remortgage to go on hols, over-optimistic buy to let and far fewer people aspiring to be forever stepping up the “housing ladder”.
George Osborne want to regulate PRIVATE money, whilst continuing to allow a free for all in the public sector.
Why don’t they go the whole hog and for government to lend directly?
I don’t want increase in MY taxes for “the government” to lend money it steals from my pocket to prop up the feckless borrowers (who are already laughing with record low interest rates) / bankers / Bank of England / Treasury.
98 you’d pay less taxes if the government owned the currency. The currencies are presently owned by private bankers BIS fed, etc.
They used to. We had a council mortgage back in the 70′s.
gideon osborne sounds like a fucking communist to me.
the government should decide the levels of private sector wages? fuck off osborne you commie.
the conservatives say we need to get public finances back in order by cutting budgets and increasing taxes.
but gideon has just stated he would rather regulate the banks back to the dark ages than tax the bonuses of the chancers who fucked up our economy in the first place, the bankers.
so who is he going to tax if not the richest members of our society?
me and you, that is who, innit.
dave and gideon are dodgy as fuck.
meet the new boss just like the old boss.
fuck fuck gordon and fuck dodgy dave –
vote independent
welcome to the future motherfuckers.
minimum wage
minimum wage?
ah, well if we had not had a base rate of pay during the recent south sea bubble then what do you think would have happened then you dullard, apart from people like you getting hanged by workless lynch mobs?
and we would have even higher welfare costs.
DOH!
you really should have your foot looked at, you seem to have blown it clean off and there is claret pissing out of your leg stump!
the poor need to be protected from the rich, it is the law of the jungle otherwise, and we are not animals.
that will be all.
You mean compulsory unemployment pay?
That’s what the minimum wage is.
you’ve got a minimum intellect you c’unt.
He’s a politician, he’s posturing. Darling stands on the edge of the diving board and dithers.
Interest free is jolly good except that when something’s free (and jolly good) then demand is virtually unlimited. You’d need to start adding little extras to jump the queue, like they used to do in the Soviet Union.
Most “Islamic Finance” is a sham.
First, for the blatant “branding” of a mindset that predated the appearance of Islam*
Second, the pound of flesh is typically extracted by interest-in-all-but-name
* not the first, not the only and certainly won’t be the last.
Agreed it’s a device to get around the accepted definition of interest. More akin to deep discount bonds – effectively the same thing in practice. I don’t see how the Imams have sanctioned its supposed “kosherness” (if you’ll excuse the dreadful expression and no offence intended to anyone).
They have no problem with rents, returns, profits, etc. The issue they have is with “money earning money”. There is also a prohibition of excessive risk. In principle there is some risk sharing, but the bankers like any other always want to eliminate it in practice.
The differences generally come in the distress regime, late payment penalties (payment is to charity of lenders choice), and a strong preference for real-asset backed structures that makes them unlikely to go for derivatives but encourages exposure to e.g. real estate issues. And it tends to be expensive.
There are some great islamic firewalls that basically let you wrap a western deal up in an Islamic jacket through a bank counterparty. There are considered disreputable by some.
There is no consistent body of sharia law; different banks have different committees (and they are not even internally consistent). The committee membership and reputation may affect the marketability of deals in different markets. Think of it all as like competing “greener than thou” funds.
Off topic, but does Kevin Jones, best friend of Tom watson, have a daughter.
We desrve to be told
I am sure he has considered all options except Conservative ones.
I’m not interested at all!
Islamic Finance already exists for those that want it, the market has already seen to that and plainly no Government intervention is needed.
So therefore your suggestion is not about money or economics anyway, it is political and about politicised Islam since what you are actually advocating here is the replacement of standard capitalist financing with Sharia practices. So basically this is just a more subtle than usual attempt to achieve a further encroachment of Islam and Islamic/Sharia law onto this country.
I just think George as chancellor is Cameron’s weak link . I wish he had someone perhaps like Hague as Chancellor. I’m sure George would made an excellent Foreign Secretary or something.
Nah Osbourne is fucking uselese
being Chancellor is not exactly going to be a dream job for years ahead is it ?
Cameron has a replacement but won’t use him because Georgie boy is a personal friend of Dave’s and the replacement, though popular with the public and a big Conservative beast, would enrage the EU fundamentalists. Ken Clarke also has a habit of speaking his mind. that would also never do for the Cameroons.
and since when did doing something popular automatically become the wrong thing to do ?
according to the opinion polls getting rid of Brown and his shower of fuckwits would be very popular indeed. So should we pander to such populist views ?
I think “yes” is the word we are looking for here.
Too right, Ken’s great. We need more like him to inject some common sense and integrity back into the grand scheme. Especially that common sense and integrity of the Rothchild’s and those who we must not name.
To be fair to the twat – how can it possibly be right that these arseholes are gambling my money and should have gone tits up? Barclays was a shite example but HBOS, Lloyds – fuck em. Any fule could make a packet if you don’t have to give a toss about losing. The banks should be managed better by their shareholders…err…hang on a minute – That’s fucking me!
@159, So, you are saying that Clarke is a Rothschild puppet? How does that make him any different from the Rothschild puppet, Osborne, or Mandelson, or Cameron? One bunch of incompetent Rothschild puppets are being slaughtered in the Rothschild puppet press to make way for the other Rothschild puppet partyto continue the same Rothschild policies that the Rothschild funded think-tanks and their secret societies create?
That sounds like a lot of loony-tunes to me.
However, the real-life evidence of history also shows it to be a very simplified version of the truth.
Ken Clarke is idle and dishonest. Idle, because he famously did not even read the Maastricht Treaty which he was happy to ram down our throats. And dishonest because he takes the accolades for running the economy in the 1990s when it was actually Lamont (because of his ERM fright) who set up sensible economic policies which Clarke was too idle to change (fortunately).
Howdy Mr Ned,
Like your point but as you suggest they are all in on the deal.
Do you really think that spreading confusion and contradiction is a new tactic?
Do you really think that any of the individuals you named are not expendible?
These lost souls don’t care how they maintain their power and wealth. And the creeps you mentioned, whilst pawns, value approval and the crumbs off the table from the elite more than the values they preach. I feel sorry for them, probably bedwetters at their public schools!!
Nell, he certainly needs to grow a pair and stop pandering to what he thinks is populist.
Regulation of the finance industry will only happen if everyone does it, good luck agreeing with New York, Paris, Frankfurt, Zurich.
Really good luck to him agreeing with Hong Kong and the emerging markets in the East such as Bahrain, Dubai, India and China, all happily waiting to grow their small markets at the expense of the big players. The labour in this industry is incredibly mobile and will go anywhere for the biggest money.
Hague would be better than just about any of the current shadow front bench, he was a good leader in place at the wrong time just after Bliar’s landslide. Dave needs more like him.
Are you joking? Osborne as Foreign Secretary? Can you imagine the number of diplomatic trips to Colombia.
Bollox – the lad sniffs a Columbian apron and he’d be out for the count. Barry McGuigan or Amir Khan – lightweight champion.
If you are insinuating that he partook of drugs in his student days – maybe he did. I suspet he learnt from it.
But then I’m sure that is also true of jacqui and edb and the rest of our ‘dearly beloved’ trotskyites.
Frankly speaking I’m more concerned about what these people are now , after they’ve ‘matured’. Though I accept in the case of people like edballs and kevanjones that they have missed the maturing stage and rest in perpetuity in the junior stages of life.
Perhaps he could be Minister of Coke and Fat Whores.
Mr Ned #254 – how the feck did you get so many ‘R’ references through moderation?? I’m not worthy! and of course, your observations, from my own research, are more than correct and the fact that I am one of Clarke’s constituents and note in my diary when he nips off to ‘B’ meetings is also worthy of note…
George Carling correctly observed (rip George):
“it’s a big club and YOU ain’t in it!”
R so u know about bis
No I think we should give that title to Prezza.
Cameron is Cameron’s weak link. Osborne is just a barnacle stuck to that link.
The weakest link in this labour government at the moment is gordon.
And frankly his psychological personnae is worrying. An unattributed source in no.10 tonight said gordon was in ‘an agitated state’?
What does that mean??!
It means that his state of mind is similar to yours when someone has the temerity to criticize a tory. Having said that, he’s probably not foaming at the mouth.
Interesting story about to break about Broon’s health I think. A few blogs have picked it up but I think the mainstream media and other parties are running scared of the subject.
http://www.notbornyesterday.org/brownhealth.htm
Guido, another story for the “Is Brown Bonkers?” tag?
Someone has nicked his rocking horse
Gordon quite obviously needs sectioning and assessment as to whether he is of sound mind. He’ll obviously say anything that’s put in front of him so he, or rather his ego can stay as PM. It’s very disturbing to watch him – I have to steal myself to do so through my hands, covering my face as I wince…
Perhaps it’s all as planned so that wee Davy Cameroon gets elected with a landslide – as Os, sorry Obama has been installed to do in the US.
Or perhaps we should go for the other option – that we make ALL MP’s; civil servants and associated enablers REDUNDANT NOW as they will all disappear once the Lisbon Treaty is forced upon us all and the EU finally ‘comes out’ as the fascist dictatorship/new supreme Soviet it truly is. . .
The USSR was merely a trial run.
It’s the Beeb, innit?
Saying anything remotely sensible that is too far out of line with the BBC lefties will result in headlines for days about the nasty Tory party and their nasty mates in the city, so they wimp out every time.
The sad thing is that there are a hundred “nasty” things that need doing yesterday, and the sooner after the election, the better. Get rid of the BBC, get some Nuclear power stations built before we run out of juice, chop as much bureaucracy as possible (and then some more), and stop p*ss*ng around in Afghanistan.
It just won’t happen though. I expect more Rule by focus group.
Still, can’t be any worse.
I am afraid you are correct, but it would be nice to think that Boy Dave and Georgie Porgie would grow a pair each, once in office!
think wot u like – it aint goin’ happen
I agree, what you have seen of Gideon and CMD is unfortunately, what we will indeed get, ZaBluLabour mk2.
They both insist we must stay in the EU. So we will never get to directly elect, and hold to account, our own government again, if we vote Tory. Gordoom is a walking disaster, but even in the short term CMD will only make it look more palatable. Serfdom in the EU here we come.
To four eyed genius.It would be nice to think that C.M.D. and georgie would grow a pair in office but unfortunately for us they are both NEW MAN NONCES like Bliar and Gorgon.Real men with balls and integrity are few and far between . All the rest have been castrated by feminazis like the Bitch Harmsmen.
So Osboobery is just talking out of his arse ?
Reassuring to have someone skilled in the art of bullshit for the next chancellor.
Lucky we don’t need a chancellor who knows what he is talking about in a recession, innit ?
His arsehole isn’t as big as Melanie’s. You couldn’t get half the Cabinet up there.
“The Cameroons”, love the phrase Guido.
Been back from your trip to Outer Mongolia long?
He’s Albanian ~ trying to fit in.
dont get out much, except to nick washing.
“Why single out bankers”? Because some banks became “too big to fail” and showed little understanding of what they were doing. The result is a recession based on nothing more than a game of pass the parcel. Unwrapping giant bonuses with a time bomb at the centre of the parcel itself.
So what is the answer BIg G? Bankers have shown they will happily throw us all under the bus in return for personal enrichment. Should we sacrafice my freedoms to run a small business for the freedoms of banks to do what they want?
Can see why you are unhappy, but what is your solution?
far bigger bonuses for the bankers of course
if capping banker bonuses is a terrible crime against these wonderful folk then doing the opposite and giving them ever huger bonuses should be a brilliant move
Bankers should be singled out because the state has protected them from the rigours of insolvency law. It is a criminal offence to knowingly trade a company which is unable to pay its debts as and when they are due.
Bankers are like pathological speeding motorists, and have now been given immunity from their speeding tickets – the public is expected to accept that we need them because they are risk-takers.
The banks should not have been saved, if they want to take benefits and fly by the seat of their pants then ‘swings and roundabouts’ is the name of the game. The banks are not helping smaller businesses even after being loaned a great deal of our money.
The banks should have been allowed to fail because they had failed. That is one of the central tenets of capitalism. But the main point is that the bankers themselves have demonstrated unprincipled greed by helping themselves to other people’s money. How can it be that an entire sector proves itself to be a complete and disastrous failure yet the fools who brought about the failure award themselves bonuses, the scale of which is decided amongst their peer group i.e. by the very same people who brought about that same failure?
Are their salaries not high enough already? Why do they need ‘bonuses’ to do their well-paid jobs?
If the state controls bankers’ remuneration then the state will control banking. That is not a good thing at all. Leave the bankers bonuses alone – who gives a fuck except the shareholders?
Nationalising/bailing them out with taxpayers money isn’t controlling banking ?
getting the Bank of England to focus it’s entire economic policy on the getting the banks out of a hole isn’t controlling banking ?
the bonuses led to the staggering short term risktaking to pocket ever higher bonuses by gambling the house on the casino of credit defualt swaps, collateralised loan obligations and all the other toxic derivatives and “weapons of financial mass destruction”
they matter
who gives a fuck except the shareholders?
er, excuse me son, we ARE the fuckin shareholders
If you’re a shareholder, when did you last get a dividend cheque in the post? Eh?
If ‘normal’ (aka ‘ordinary’) shareholders are getting their divvies but you aren’t then you’re not a shareholder; you’re just some sap that’s been forced to buy some other company’s debt. More accurately, you are a “post-forced guarantor” for someone else’s debt default. [you read this term for the first time exclusively here on Guido and it won't be the last you'll hear of it].
Absobloodylutely old pal, that’s precisely why I do give a fuck, especially at being taken for a sap -n and taken for a ride for that matter too.
Er… many care about the Bankers’ bonuses because they have pushed up the cost of living, houses are overpriced for one thing….
Osborne is out of his dpth playing at being a chancellor. It is a free market and he can’t do fuck all about it.
Of course if he wants to remove the free market from UK banking (and why banking) then we would all pay the price as the banks walk away from the city of London to pastures green in other lands.
WANKER!!!!!
Total wanker. For a start bonuses should be regulated in public owned organisations but otherwise Government have no business in other’s business affairs. They should fuck off out of our lives. Big bonuses buy big ticket items such as cars, boats and tom foolery, often charitable donations too.
Yes,but the bottom line must be: no rewards for failure!!
NRFF FFS !!
Agreed, let’s start with the politicians.
Allow the electorate to recall errant MPs and let’s see some more ministers with the same cajonies as Eric Joyce did last week
Once they have their own house in order maybe they will have earned the right to bully the rest of us – the problems were caused above all by a lack of regulation worldwide, as the financial markets competed with each other to attract the biggest and best.
You think a government department could implement that better than the shareholders of the banks themselves?
the banks themselves have done a simply marvelous job already
The bottom line is this.
The government should close bankrupt banks, not keep them as pet zombie banks.
He won’t be chancellor for very long if at all, PB thinks it’ll be Philip Hammond.
http://www2.politicalbetting.com/index.php/archives/2009/07/25/does-osbornes-background-rule-him-out-as-a-cutter/
I’m not so sure although I wish it was true. I think it’s more likely that Philip Hammond will be made the ‘face’ of spending cuts. The poor bastard has already said he expects his face to be a dartboard within six months of them taking office.
A free market? You are, of course, taking the pee.
In a ‘free market’ these banks would no longer be in buisness. Politicians cause their own morality problems by interfering in the free market – ‘cos they know best!. If they’d let the banks go to the wall, do you think the survivors would have been paying multi billion pound bonuses to ANYONE?
Free market, my a*?1!
Osborne was very unconvincing on this. You can see himself living to regret all the criticism of Darling and Brown failing to “get a grip” on bankers bonuses. I do not believe him and Cameron would have been or will be able to do any better on this.
I am reminded of Blair’s “shooting fish in a barrel” criticism of Tory sleaze and promises of being “whiter than white”. He set a standard in opposition he could not hope to achieve in office. I think Osborne is making the same mistake
Surely it’s not too much to ask that M.P’s should sleep with their wives and pay their secretaries, not the other way around. While were at it, perhaps we could insist that they don’t illegally invade other people’s countries, surrender to the IRA, destroy our economy, suck up to muslims, interfere with children. I could go on. Ad nauseum.
Bonus / Commission schemes should be simple and based on ACTUAL BANKED PROFIT – not paid out on size of deal or potential profit
So – buy and sell in a day – bank the profit pay out at the end of the month
Do a deal where the embedded transactions are spun out over 5 years – with individual transactions within the total deal terminating within that period – pay out a portion relative to the profitability of that component
Make a loss – that’s negative commission
So very few bonuses would have been paid out on sub-prime splice dice cut shove mortgage deals
The only trouble is that the Bank may still go bust – that’s down to the shareholders – if it’s the man in the street then tough – don’t bank with a bank that gambles with your money
As for Osborne – he’s just saying what he has to say – reality is something different!
Follow the money!
python-agree but it is up to the shareholders, also, to get the right management to reduce the loss risk. It’s fair. Same goes for politicians; break manifesto – lose pay.
I agree Python
I thought Osborne’s performance was one of his best to date (!) – he got his ‘GB said we were best placed in world to respond to recession’ at both the beginning and the end of the interview – he sided with the ‘people’s’ view of Bankers and their bonuses.
What more does an Opposition Shadow Chancellor say?
Slowly slowly catchee monkee!
We need more from Mr Darling before we boldly go and commit.
I thought Osborne slightly missed the trick here. He should have soley concentrated on those banks that had to be heavily bailed out, and said that these banks are the one’s he is targetting for tighter regulation of pay and bonuses. Afterall, these banks cannot claim to be wholly private while they owe the taxpayer hundreds of millions.
The (probable) reality is that the UK’s financial position is so bad that it’s very difficult to state now precisely what needs to happen for fear of frightening the horses!
NuLiebour’s ‘banking’ on trading off the people’s hopes and fears with the government’s lies!
DC dare not state what he really thinks / fears – would you?
The flood of money which Gordon Brown is pushing into the British economy will inevitably produce inflation – which the Government sees as the only possible way of bringing down our staggering national debt.
Only by reducing the value of money can the amount we owe be made remotely manageable.
The fact that we are now far more indebted than our major European partners means that there is a real conflict of interest in any joint strategy.
Exactly right and “no” I wouldn’t state what I had good reason to fear.
Agreed ! The sum total of human wisdom can be condensed in one short phrase.
“Follow the Money “
Banks offer contracts to staff and those that want to make big money go into sell, sell, sell mode. The bank pays them bonuses even though when a recession comes those deals could have lost the bank money rather than ended up profitable. All banks have pretty much ended up like sheep chasing each others tails and copying each others systems.
The biggest culprits in the crisis are the financial watchdogs, Gordon Brown, Ed Balls, Fred Goodwin, Andy Hornby and the utter complete dickhead who ran Northern Rock whose name I can’t remember. Banks that expanded massively in 2006 and 2007 were run by idiots. The financial watchdogs were clueless imbeciles. The Chancellor was an idiot dreamer who thought his brilliance would go on forever. The bonuses banks are paying are probably based on contracts of employment drawn up years ago so the bankers all need to be sacked and maybe employed again if they deserve it. At the end of the day what else are they going to do?
Banks should see themselves as financial helpers not salesmen as they have become. Unless we go back to those old days banks will be the copy cat can we sell you something institutions which we have now which were worth far more than they ever should have been. After all it is about taking money and then sensibly lending it to someone else.
Banks expanded CREDIT massively.
The regulator SHOULD have increased reserves to counter this.
This was over-ruled as the credit bubble was politically advantageous in covering up the wests economic problems caused by their governments over-taxation of comparative advantage and under taxing of rent-seeking.
Osborne is falling into the same tramp as the present crooked government by saying what he thinks the public want to hear.
For once in its life this Government swallowed pride and did deals behind the scenes with Libya all in the national interest, then when found out they deny it and say to suggest otherwise is offensive. They denied it because they thought the public could not separate national interest from revenge and they are wrong.
Osborne is falling into the same trap, the city of London is a big money maker for UK plc and the public do know that, driving bankers offshore is not a price worth paying just for the sake of revenge on a few fat cats.
“Osborne is falling into the same tramp as the present crooked government……”
I was first.
Do they do a fly swat in your size mark oaten?
Stig of the dump or old man steptoe?
It wasne me, a big fat yank did it and ran away
If the bankers are making lot’s of money from the U.K. population then it’s a zero sum game.
The trouble is we don’t have a banking industry* any more. Since Basel 2 we have a credit creation industry that’s unattached to what it does to land affordability and the wider currency.
*Lending based on deposits.
He avoided the subject completely on public sector pensions. His answer to Marr’s question was ‘we should stop civil servants walking off with big pensions then coming straight back as consultants.” Of course he is right if it happens habitually; but sometimes, if there is real work to be done, the taxpayer gets better value from the retired civil servant on £800 a day than a McKinsey man on £2000+. But more importantly, his answer does not address the issue – just stoppping the retired coming back as consultants does not take a penny off the pension bill. I don’t know whether the Tories are just making sure they don’t frighten the horses at the moment; or whether they really don’t have a clue how they are going to take the necessary 15-20% out of public spending. I fear the latter.
An easy answer is to cap public servuice index linked pensions to [say] 8 times the Old Age Pension ie no public service pension would be more than £40,000/year.
But the higjh earners would stil pay their usual pension contributions while in service, a sort of supertax on them, to pay for the other pensions.
The idea that some pen-pusher can get 40 Grand a year for doing bugger all, paid for out of the 20 Grand a year I sweat and bleed for is quite frankly offensive. Expose them to the real world. No worky = No money.
The real answer is for the state to take less, do less and pay less.
unfortunately all economic activity is now _ effecttively regulated
why stop with bankers
george is a total spastic
the weak cameroon
even mandelson thinks he is a hoon which says something
I want regulation of the out of control public sector. Why is it okay to regulate bankers pay / profits, but allow heads of local councils to earn £200,000 of local taxpayers money, managers and even managers for those managers. The councils do nothing but clear a few bins and unleashing spies on parents who want to send their children to better schools? Councils are socialist havens that should be smashed for the sake of oppressed taxpayers.
Councils are facist havens employing nazi jobsworths for the most part. They do not serve at the top they trough remotely from the golf course. (I’m not talking about dog wardens, good social workers, pest control, etc).
The rules vis a vis public sector workers and their pay and pensions have all been worked out by them to their own advantage.
What I can’t understand is, where is all the money coming from to pay for these enormous, grossly inflated costs?
These people have one object in mind, retire and live off their over generous pension as soon as possible, or retire as soon as poss, and take up yet another well paid position. And they’re called public servants – what a laugh!
@ 225
The money comes from you and I. I have got to the point where I will not allow in my house anybody who is even vaguely associated with a Council or anybody with a ridiculous non-job. These ******* should be made to feel like the lepers they are.
How I agree! In France the word is ‘fonctionnaire’. It is always said in a lowered tone, whispered from behind a cupped hand.
You elected the Councillors, of course you all voted at the last Council elections , I presume from your comments. Or at least attended the polling station and wrote on your ballot paper ‘None of the above’.
Next time stand yourself and show the Councillors how to do it.
Vote Labour.
Errr…you are not a mercenary, and you can’t spell!
Interesting NEW DEVELOPMENTS on Al Megrahi release!!!
http://ddtaylor88.wordpress.com/2009/09/06/al-megrahi-more-to-come/
Small todger syndrome alert.
Yeah. Get yesterdays newslinks on Guido yesterday.
is this the snooker hall? ……… anyone? ……..hello………..
Separate retail banking from investment banking and make the government guarantees apply only to retail banking.
Sensible suggestion.
The countrys debt currently stands at 2.and a half trillion pounds, God help the workforce of this once great country.
Every child born now has a £40,000 debt hanging around their neck thanks to McDoom the fucking hoon.
Sell up and get out while you can. There’s NO future for hard-working, tax-paying people in tomorrow’s Britain. If you thought things were bad enough in the past……
To abolish the licence fee.That is the best piece of advice I have heard so far.That is especially true if you are white,straight,male and English.If you have any suggestions please let us all know!The intended destination needs to be free of marxists muslims and other control freaks and unlikely to be invaded.
Small Bear-how about Jamaica
Japan, although you will feel pretty isolated, even if you do learn the language.
Svalbard, unless it melts
I think you’ll find if you post a comment anywhere to the BBC forums / ceefax etc. that the UK national debt is £2.5 Trillion, they will deny it by blocking your comment. The BBC are censoring the true dire state of the economy that NEW LABOUR got the UK into with their spend spend spend on the never never.
Now the UK taxpayers (what’s left of them) and savers, will be made to pay for this out of control spending by the New Labour government, and by all those other greedy people who bought cars, holidays and plasma TV’s also on the never never because “house prices can ONLY ever go up!!!”
Savers are already paying in effectively negative interest rates to prop up borrowers with their cheap mortgages. International investors increasingly staying away from UK with it’s rigged artificially low interest rates, and that UK gov. AAA credit rating looks in a very perilous state.
The New Labour party should be up on charges of deliberate economic sabotage / economic terrorism.
In any other non european country in the world your BBC would be laughed at especially the way they charge you, The modern day communists got rid of the gulags and replaced them with the public sector and media sector.
Nothing but waste ever comes out of these things because they know they have always got their wages paid thanks to the taxpayer, so they think they are as you english would say ”lords of the manor”.
Just tell the banks that they are on their own….next time they fuck up they are left to fail no more tax payer cash.
Too late for that. The bastards know that the state will bale them out. I have no doubt whatsoever that the Tories would have baled them out too. Its Labour that should have let them go to the wall. The only people given guarantees should have been the depositors. We don’t bank our money as an investment, but rather to keep it from the burglars who get community service in the unlikely event they get caught.
Osborne has to say what people want to hear. Theres an election. The public buy snake oil. Thats politics.
Update: today at 11am.
My monkey has got very fat and needs a good spanking.
Sorry, I thought this was twitter.
Twat.
I’m sure you are ducky, now go and spank your rockape.
Hey, I just read a wanker comment on Guido.
Sex sells, fucktard.
NOTW go away and buy some then
Yeah, and how much do you pay your right hand mr tosser?
It was foc on the NHS. Foc off
Banking, the arms trade and what is left of North sea oil & gas are the only game in town for this country as far as I can tell.
Not a good time to have principles.
SO17 – ‘just as well we have zanuLabour as Government then. We can’t have a decent option is what you are saying?
Until Britain sells more plastic shit to the Chinese than we buy then I am afraid NO government will have any ‘decent options’.
Goods are merely a proxy for the time involved in their design and manufacture.
We just need to equalise trade and make china spend it’s current surplus on internal economic growth.
The reason why China sells more to us than we to them, is the Chinese hold down the value of their currency.
Also surveillence and related control systems industry.
Got 45mins to spare? Watch “Money as Debt” http://www.sprword.com/videos/moneyasdebt/ explains the history of modern banking
And if you got a spare 4 hours watch “The Money Masters” for an alternative look at the history of banking. Its on google video.
THE LIZARD MEN ARE REAL!!!!!!!!
Still shilling for MI6 David? Need to get that transhuman agaenda going now dont we
Read about “the Great Depression” for info on what happens with “Gold Backed Currency”
It was good to see that Osborne has finally got through a TV interview without a bit of spit on his bottom lip.
Or coke around his nose.
Forget complex regulation, the only thing that would be required to stop the banks getting too important would be to retrospectively revoke their limited liability.
Let’s remove the artificial zero floor on their share prices.
29 anonymous-now that is a good idea
Get used to it.
Dave and his fags are as tough as a pair of lace knickers and about as likely to change anything.
This is what we have to look forward to. More of the same weak arse government…with less experience.
God help us.
And there isn’t even a God.
The Lisbon Treaty will require that we needn’t take any notice of their weakness. We will have full automated control from abroad
Agree completely.
And you can be sure we’ll do nothing to change that subservient and embarrassing status.
I’m constantly bemused as to why we get ourselves in a tizz about the Lisbon Treaty – and why ‘they’ actually need a treaty as they’ll
DO WHAT ‘THEY’ BLUDDY WELL WANT ANYWAY.
(of course I don’t want a ‘yes’ to any EU treaty….and I’d like the chance to say ‘no’ personally to one here in England, remember England, it’s part of what used to be known as the “United Kingdom”…b’stards the lot of ‘em’.
One good reason (there are many more) to get in a tizz about Lisbon:
The current legal position (from the Metric Martyrs appeal) is the UK can leave the EU at any time by our own choice, simply by passing a bill in the UK parliament.
Under Lisbon, we have to ASK the EU if we can leave. Technically, from my reading of the clause, there is no provision for the EU to refuse, but the EU has the power in the treaty to set whatever exit conditions it chooses. So the EU could make the conditions onerous enough to prevent us leaving. In any case, this means one more power we have lost to the EU.
If God loses his self-belief does that make him an atheist?
God knows
From where I float, the notion that God could lose his self-belief is self-contradictory. As he supposedly created the place, you’d think he’d remember to look in all the known corners, worm-holes, black holes, under Satan’s tail, etc. That’s where I’d look, anyway.
What if God starts to wonder where he came from and who created him?
You remind me of Pablio Schunustikov – he had the same dilemma – in the end he washed his socks
BUT console yourself with this one unalterable fact – Gordon Brown will be well and truly “fucked over” !! Keep that vision before you when you go into that polling booth and vote for whichever party has the best chance of beating Labour in your constituency. The aim of the election is to completely “wipe out” Labour as an electoral force – Call-me-Dave and co WILL be no better but it’s gonna be pay back time for the the fucking damage Brown has been responsible for for the past 13 years he’s been meddling in the UK Economy and politics
Difficult to disagree here !!!
Thirteen years – that’s all you get for the classic Faustian bargain,,, Hitler and the Cromwells spring to mind as prime examples!
It’s not enought though is it ? Brown and his cronies are set up for life and WE get shafted by the next bunch of crooks !
Don’t vote for crooks is the message from these hardships
I hope we get plenty of Portillo moments. Are you going to watch Sky News, ITV or BBC for the action?
SKY
“Command Economics”??? What utter bollox.
Simply put: more for ‘them’, less for us. End of.
If you don’t like it, you can go hang – like they will if they don’t put up, shut up and go along with the programme – remember blackfriars…
Was that the brolly business, Suky?
Nope: it was an Italian banker. The umbrella was a Bulgarian diplomat who defected to the West. There ought to be a mnemonic for these sorts of things…
Oh yeah. thanks.
The problem is the oaths these heathen swear to their ‘brothers’ which overrule even oaths made to Queen and hoontry…break that oath and it’s blackfriars for you.
Funny that the drug using Huhnez at the BBC don’t like the idea of THEIR pay being restricted do they the fucking Huhnez?
Ah, the cut and thrust of incisive debate.
But nonetheless impressive given that its coming from Dick Sniffin and the granny bashers.
I see one of the ”Granny Bashers” policies is to disband the BBC, with fee dodging on the rise, The BBC better wise up.
The Cameronistas lack gravitas, and are doing well simply because NuLabour is so pig-shit stinklingly bad. They had better start talking some sense, and getting some people in whose lives have not been shielded from reality by such a priviledged upbringing, or their victory will be by default; and Nulabour will be back 5 yrs later to wreak more damage.
I would bet that nulab return in 10 years.
Zanucon will argue it took them 5 years to get “to grips with the problems” and they need another 5 to “sort it”.
After that – ZanuLab will be RE-BADGED and sold as another piece of dung.
Hopefully if the fucking jocks piss off from the UK then Liebour will never get power again. That will be 50 fucking less of the ginger fucking inbred bastards.
That’s my hope as well. Bloody good riddance. Scottish oil is a declining resource and we should look to the South Atlantic (around The Falklands) for new fields. Thus making us free of the jocks and the arabs
But YOU’LL still be a fucking inbred bastard, won’t you?
Perhaps not ginger, but terminally stupid nonetheless, with a brow as low as your IQ.
Then who will you blame with the Scots gone?
Who will be your scapegoat then?
The Welsh spring to mind.
you would be the expert on inbreeding wouldn’t you ?
you retarded neoconservative braindead cripple
Hey “Obama is a twat”. Give your racist mouth a fucking rest. Sky loving wanker.
I think you will find that inbreeding is a Tory speciality, hence the receding chins, mini-IQs and strange genetic predilection for leather and rubber. Admittedly Labour are no better but the reasons are less to do with sibling attraction.
BBC4 showed a Rory Bremner-fronted documentary last night which made the case that, without the Scots, the British army would be greatly weakened. There is very much more to Scotland than ‘their’ North Sea oil and deep-fried confectionery.
Triple AAA rated by Wall Street!!!!!!!!!!!1
Anon: Fuck off you jock Huhne.
a new glass steagall type act is required.seperate the banks activities.
the banks should have been allowed to go bust.companies fail every day.if they are worth saving then they are restructured.
how many billions have been pumped in?
the hoons won’t tell us!
NOT ONE SINGLE JOB HAS BEEN SAVED BY THE BAILOUT!!!!!!!!!!!
odd that money went to banks in labour heartlands?
Do you think Northern Rock would have been bailed out or allowed to fail if it were Southern Rock instead?
Are you on about Lighthouses?
Same thing is happening with new colleges, surprise surprise
http://www.birminghampost.net/news/west-midlands-education-news/2009/08/10/government-favouring-labour-areas-in-college-building-projects-65233-24357699/
It’s not the pay and bonuses of executives that is the problem – merely a symptom of the far bigger crisis in this country. The people of this country need to reclaim what is theirs and the struggle to do so will mean blood on the streets. Fuck new labour, fuck the quangos, fuck the establishment – to the barricades now people…
Include nurses in your list and I’ll sign up immediately.
New Labour is fucked
So are the Cameroons!
And more importantly so are we.
The Cameroons are not fucked (yet)
In truth they are our only current hope – watch this space!
Otherwise – I too will join everybody else on the streets!
Its nice to live in a dreamworld Karl,
but all of us know that Zanucon will continue with zanulab policies.
Granted one ot two changes, but just window dressing to please.
we should happily give bankers a small percentage of UK GDP as a bonus in return for them promising not to be incompetent greed-filled sacks of shit
this self-regulating incentivisation and reward for good behaviour will ensure the smooth running of Britain’s economy for months. maybe even years.
Yes, of course. I see it now.
We should at once arrest and prosecute Bliar and Gorgon for destroying this country.
Bliar on two counts :
1. Ruining the UK
2. Allowing Gorgon to have a free hand all these years.
I’m very grateful of course to Nigel for giving us leadership and direction at this time.
Weak though I am, I will try to follow his example.
Follow David Cambell Bannerman. -Very interesting on wikipedia as I mentioned in another comment.
Ahem. David Campbell Bannerman.
“Guido doesn’t think it worth getting too worked up about this policy lurch because it will never happen and he doesn’t think Osborne really believes in what he is saying.”
I remember thinking the same thing about Tony Blair and New Labour back in 1997 – surely they were only saying that guff to get elected? What a miscalculation that was.
The banks are bust you utter clown. It’s only the public shares in them and the paying off of bets, otherwise known as over the counter derivatives, through conduits like Northern Rock and AIG that Goldmine Sacks, Citibank, RBS and the rest have not being liquidated. The ‘too big to fail’ ruse and the threatening of martial law for TARP type funds has seen the biggest heist in history, from the taxpayers of UK and US primarily, to the banksters and their bought and paid politicians and media lackeys. Go away plastic irishman, indian, Citygentwannabe and get a proper education before you attempt shilling so openly and poorly.
“Goldmine Sacks” not Goldman Sachs ? or Shitibank ? or PMS ?
Merv. I was agreeing with you but lost your plot at the last sentence. Are you addressing Osbourne or Woody?
no, Fawkes.
Well, I think you’ill find that Mr Fawkes (woody) is educated and quite perceptive so maybe you are jumping the gun a bit.
it was a Bank robbery
they are to blame
excuses don’t cut it and the bonuses are grotesque
Spot on analysis, Kammerad Khagan! Guido never once mentioned Jews, the NWO, or lizards, so it’s obvious he either doesn’t understand economics, or is even… gasp… One of Them!
Merv also “never once mentioned Jews, the NWO, or lizards”
that would seem to be your amusing fixation, not his or Guidos.
the Banks were bailed out with taxpayers money
Fact.
many politicians directly involved in the bailouts were bankrolled and even employed by the likes of AIG, Goldman & the rest
Fact.
you don’t need to like the facts but to desperately pretend they are some loony conspiracy is pathetic and feeble.
Either way we’ve been scammed, right?
Actually the banks were the conduit to bailing out BONDHOLDERS with taxpayers money.
If the bondholders lost money when the banks went bust it would be OK to print money to bail out depositors….
BAILOUT PROFIT NOT ADDING UP
http://www.thestar.com/columnists/article/691545
“A very dangerous misconception is taking root in the press,” says Reuters analyst Rolfe Winkler, “that in addition to saving the world financial system, the bank bailout is making taxpayers money.”
Quite the opposite is true, as Main Street understands. The U.S. deficit will soar into the once-unthinkable $9 trillion range over the next few years. That’s due mostly to preventing a complete collapse of the world financial system. That and the $787 billion February stimulus package to revive a U.S. economy plunged into recession by a Wall Street-induced global credit crisis.
Still, the good news from the Fed was useful cover for a report later in the week that the top five executives at 10 financial institutions that received some of the largest government bailouts are looking at a windfall stock-market gain of almost $90 million.
Wall Street’s 20 largest firms have laid off 160,000 employees, foot soldiers in New York’s most important economic sector, who have been made to pay for the incompetence and reckless greed of higher-ups. There’s no way to justify that ludicrous compensation for the fortunate 50 at firms whose CEOs were paid on average 85 times more than the regulators at the U.S. Securities and Exchange Commission and the Federal Deposit Insurance Corp. who try to protect the system from itself. Even the president of the U.S. gets by on a mere $400,000, and isn’t in line for performance or retention bonuses.
Citigroup, in particular, says President Barack Obama’s Wall Street “pay czar,” Kenneth Feinberg, is fretful about pay restrictions he might impose that could impair Citi’s ability to keep top employees. Feinberg appears sympathetic to Citi’s quandary. You have to wonder why. Why would Citi want to retain employees who brought the bank to the edge of the abyss? And with Citi on their resumés, who’d hire them if they chose to defect?
The USA deficeit was 11 nearly 12 trillion just before Bush left office so how did it get reduced to 9 trillion??
Did the recession wipe it off??
Bottom line – we’ve been HAD.
Are we going to let them get away with it again and once more hold the feckin door open for them to leave with the loot?
As Tom Cruise said as his character in Jerry Maguire:
“SHOW ME THE MONEY!”
Surely, shirley, bankers are different because they are not risking their own money and we can’t stop ‘integrated’ banks from gambling with ours?
We must leave Bankers and Politicians alone to wallow in the mire of their own greed and corruption.
If we try and stop them there will be no one to vilify.
And they think they are so fucking clever at it!!
“They’re only spending their own money” was a defence first heard in support of the French aristocracy c. 1788.
Let them eat cack
That’s cock.
No its true
I’m in dyed-in-the-wool libertarian and about as pro-capitalism as they come, but I think there is an argument for regulating banks if they continue to be as large as they are today.
I was watching a 60 Minutes programme some moths ago, which showed a small, failing bank being closed down by the government. They quoted Fed Chairman Bernanke as saying that the system was unfair on smaller banks because, in similar situations, larger banks would be — and have been — bailed out.
The problem, he said, was that if you allowed a large bank to fail, it would propose a “systemic risk”. I’m no expert but this does seem to be correct. If this is true, though, why allow banks to get that big? Can’t they enact some sort of legislation to limit the size of banks? Once they get over 10% of the market, they have to be broken up, perhaps? That way banks can do whatever they like — and pay their employees whatever they like — and if their practices cause the bank to fail, so be it.
Over here, lots of small banks go under and it causes no long-term damage to the economy whatsoever.
We used to have the Monopolies and Mergers Commission now replaced by the UK Competetion Commission. Both about as useful as a chocolate fireguard
Asset ratios. And no fancy funny accounting.
Whoops basel 2 says that’s irrelevant.
Of course, that’s a TOTAL lie. The ratio is the link between the currency and the banking sector!
It’s the ONE thing that does need regulating (in a system with a government currency monopoly rather than competing currencies)!
Can’t you see what’s going to happen when dave pulls his three card shuffle on Lisbon?
No. Please explain 1:02pm
Dave ducks a Lisbon referendum. The EU enacts Banking reforms.
Well don’t vote for him then!
Ivor, I wasn’t about to!
They will not touch the main instrument used to cause this debacle namley derivatives. That means…….THEY PLAN TO RUN THE SAME SCAM AGAIN IN THE FUTURE. Wages are a distraction for the masses,the money laundering game is still in operation
Gawd help.
Deeply unimpressive.
Suggestion. Start carrying a box around to stand/sit on like Alan Ladd.
Maybe it was BBC set but he looked like woodland creature.
I also belive Alan Ladd, walked in a ditch next to his “taller onscreen ladies”.
Sounds right…
Perhaps he ought to wear a box instead, anyway nothing wrong with short people, I’d even live next door to one.
In total agreement with you Guido.
Our politicians are offering nothing dynamically new because they are not up to the job.
No real life experience never had a proper job in the private sector, where if you make mistakes there are no second chances.
Just the rerun same old brain dead policies, not one original thought among the lot of them.
Money for old rope being a politician = turn up now and then, talk total bollocks, or better still keep your head down, collect your pay fiddle your expenses, toady the party faithful and whine on about a politicians lot.
Vote ukip and get involved?
with who as leader ?
They will be instigating a leadership inaugeration in due course but they are democratic, that is for certain.
But with the commonsense of John Prescott in a pie factory – how else do you explain the flirtation with Killboy-Sulk.
157 anonymous -’But with the commonsense of John Prescott in a pie factory – how else do you explain the flirtation with Killboy-Sulk.’
Stepping stones. The next PM will be a Mithun that’s Indian for Gemini.
Oh yes-could the next PM be a bourne of bombay?
But Dave is a Libran.
Is Libran hindi for inbred leather fetishist?
No Libran or libyan is going to be PM. FFS. Don’t you see?
David Cambell Bannerman for leader hopefully
Bring back Boadicea.
David Cambell Bannerman is as good as Boadicea; Wikipediaize him I did.
Boadicea headed a revolt, and destroyed Camulodunum AND Londinium! Where are you now Boadicea when we need you!
Dave a Librararian?
We need a cheesemaker.
Boudica liked big helmets
David Cambell Bannerman’s Granddad was a UK Prime Minister. he is the leader we are waiting for. He who is a big man gets it done. Boudica would have approved.
http://en.wikipedia.org/wiki/David_Campbell_Bannerman
He’s certainly dynamic.
The Yanks would say of George, hes got a ten gallon hat on a two pint head!
He is a toffee hammer when we are going to need a ten pound fucking sledge hammer I think.
I think the term weak and feeble with no clear idea of what to do other than what his CP/NWO overseer tells him to do describes little George perfectly.
He looks weak, he comes across as weak, in short considering the crisis we are now facing we need a man with bollocks the size of boulders and a detemined will to carry the day, little George on the other hand looks as if he would burst into tears if you raised your voice a little. WTF?
He blushes like a nine year old girl FFS, how the fuck is he going to stamp his authority on the scheming quango/TUC/bankster/special interest sharp shooters when they come asking/demanding special ‘favours’?
How many parasite quangos will quake in their boots if this chancellor comes trembling and wringing his hands before them?
It will be like Oliver asking the big fat bastard for some more gruel, please sir could I ask you to not spend as much money please,pretty please batting his eye lashes and asking nicely aint gonna cut any ice with the scumbag vermin he will have to deal with every day.
How many union bosses will think twice before bullying him into all kinds of concessions?
Little George is going to trampled into the ground and laughed at wherever he goes.
Can anyone imagine shy blushing George facing down some puffed up union baron threatening rage mobs and strikes? cos I fucking cant thats for sure!
George will walk into No10 and within a month he will be spending more fucking than Darling did.
If Dave thinks little George is the answer to the mountain of debt and problems we face then we are in deep shit people.
Well don’t vote for them, then. I’m not suggesting for one moment that you would, just making a point. I agree though we need a thumper with bollocks not like Blair or Brown. Then again; Ron Paul over in the USA doesn’t come across as a thumper but he knows his stuff and isn’t afraid of Benanke or his Fed paymasters. I find marketoracle good for getting a handle on financial politics btw.
Sorry but Ron Paul is a loon. Being on the Gold standard caused some of the Great depressions problems (as gold doesn’t disappear).
The volume of currency needs to stably match the amount of time exchanged in the economy. A soft yellow metal cannot do that correctly.
Just like to add a thought to all those actual real Tories who think Dave and his gay band of new social democrats will lower taxes and push free market ideas, they wont!
You think taxes are high now? Just wait till George pushes up taxes to obscene levels, the ever smaller numbers of taxslave wealth creators and workers are going to be crippled for years to come, you think Dave is going to take on the parasite class? You may well think that taxes are too high now but just wait till next year when the Tories hike taxes to the point that you are gonna want to jump off a fucking bridge and the worst part is that all the extra money raised will just be pissed up the wall like before.
Meet the new boss same as the old boss(only worse).
John Redwood for PM!!!
That would give literal meaning to Prime Mentalist!
The next PM will be a mithun
“That would give literal meaning to Prime Mentalist!”
O contrare mon amigo, if anything that would give a second meaning to Prime Mentalist.
Au contraire mr Fawkes – I want the bankers and the bastards in braces (people like you, judging by your history) strung up from every available lamp post.
What kind of fucking bonuses are being earned by our troops dying in Helmand? they are doing their patriotic duty.
Yet we are to accept that just for doing their odious self serving jobs these Huhnes have to be given obscene OBSCENE amounts of money.
Go fuck yourself Mr Fawkes and get back to your mates in your own trough.
Trev. I get your anger but there are examples of soldiers becoming bankers.
The World This Weekend on Radio 4 are paving the way for a NuLab U turn on spending cuts.
They now say it is good to cut, a la Canada in the nineties, which reduced it’s deficit in 4 years.
Are you listening Gordo, or did you actually commission this piece?
Obviously been told to take the new “authorised line” on cuts as stated by Brown at G20 yesterday
“GORDON BROWN has admitted that Labour would be forced to rein back spending drastically if re-elected.”
http://www.timesonline.co.uk/tol/news/politics/article6823351.ece
I realise that politicians in general and Nulab in particular consider the electorate to be gullible but this must take the whole tin of biscuits. They must think we are a complete bunch of arses with an attention span of about a week.
It will be interesting to see how the BBC react. Anything less than with total incredulity will be indicative either of partiality, idiocy or both.
And just watch the spending cuts when they arrive. Quangos unaffected but Lollipop ladies beware.
The opening shots between John Redwood and Geoffrey Robinson involved the timing, and where the cuts will actually be made.
Dept by a thousand cats
Guido,
Brown will go before the general election. He will retire due to ill health. The new leader will take a re-invigurated labour party into the General Election.
Cameron will be all at sea, because he has been pushing the ‘I am not Brown’ story and he has not given the people any idea whatsoever of what he stands for. On Europe he stands with feet firmly placed on both sides of the fence. On Afghanistan he sounds like an echo chamber of Brown’s ridiculous stance that it is preventing terrorism over here!
(Then we get that magnificent article by David Davis on Conservative Home, on Afghanistan and I wonder, once again, just what came over the tories when they rejected Davis for this cover pin up Cameron, a two sentence politician. Davis has gravitas, Cameron has smooth!)
Cameron will not win the general election. It will be won by Alan Johnson and thus pave the way for the Conservative Party to elect David Davis as their leader and a return to valued Tory policies!
I also think that the tories are thinking they are out of the woods on the expenses scandal. I think they are in for some very nasty surprises. Goodbye to Maude and Co and Cameron’s personal vote will drop significantly.
Wrong, wrong and wrong again.
Goodbye.
Obviously complete bollocks; Labour couldn’t win a fart in a sewage farm but…..right about Davis. The Tories do not deserve such a talent. By the way – what is the reference to little Frankie Fraud about?
Iodine, I hope you’re wrong, but I fear you’re whistling in the wind.
I can’t see why anyone would want to become Prime Minister before the next General Election.
A few months ago there might have been something to have been made of the job, and newboy could have explained that bog wasn’t flushing properly, he would fix it. Now the shite is cascading over the floor and some of it is obviously his, so it’s too late for that.
I thought this analogy might appeal to Mr Oaten.
Big pension (a single day in office is enough to qualify), place in history books, pic on stairway at Number 10. Someone will settle for that.
All Cameron is doing is helping newlabour get rid of the gorgon.
Alan Johson ! Don’t make us laugh. He’s a complete Dimwit.
I am black and white — and have to agree.
He’s 20p short of a first-class stamp.
And another thing Mr Fawkes – Are you really saying we should continue to write blank cheques to banks ‘to big to fail’? Allow shedloads of ‘bonuses’ for bankers who know they can pocket the lot no matter what and sit back and watch us dopey taxpayers to come along and bail them out?
We put in the spondulicks with no strings attached. Get stuffed Mr Fawkes. Still if hysterics like Cassandra King want to cheer you on – thats your business.
The bankers have taken us for mugs – well they can stuff that for a game of soldiers.
Osborne we hope (using the Canadian example) will be cutting govt spending so that (unlike Brown) we do not have to rely on the tax from bankers bonuses any more. Lets hope we can see an end to this obscene Faustian pact between bankers and socialist leeches.
In a word, no.
Osborne is a complete twat, but everyone knows that already. The interesting point is that noone is saying anything about the real criminals in all this – the ratings agencies (S&P, Moodys etc). These useless scum gave AAA ratings to products from banks they knew were exposed. They gave AAA ratings to banks to whom they were beholden for massive fees. And this was not their first offence. Back in the 90s they were caught giving AAA ratings to derivative products based on all sorts of bizarre bases -such as the coupon being linked to basketball results. The real answer is to maintain capitalism for banks but create a mechanistic rating system run by the World Bank or IMF. Then string the CEOs of the rating agencies up by their balls from the top of Canary Wharf.
I think the best way would be to make the rating agency take some of the losses on investment grade instruments.
Here’s an article showing why they are such a complete farce and sadly a farce that’s likely to continue till the next fuckup
http://www.nytimes.com/2009/06/18/business/18securitize.html
Oh deary me today – Mr Drum is peddling his gor-blimey theories here now is he? Someone should tell him its Planet Earth we are living on and as Brown has shown, simply thinking something is true does not make it so.
Drake clearly just want his tory policies in perpetual opposition (I suggest if that is his ambition he joins the LibDems) and sees a political genius in Alan Johnson which has been lost on the rest of us.
You are right, Guido, this is all starting to sound like the Tories pre-Thatcher. Maybe even MacMillanist in some respects.
And I seem to recall Arthur Scargill saying some years later after the 1974 election during the government of Wilson and Callaghan: “I wish we had left Edward Heath in power.”
Incidentally, on the topic of power and the like why HAS Labour created a fake power crisis?
The Weekender. Labour washes its hands of the poor, government fakes power shortage, Queen tells Gordon to get Afghanistan situation sorted ASAP, more problems for Brown and Straw on Megrahigate, is the power shortage a Labour fake? Darling says Brown is a liar and the knives will be out at Labour conference for Brown. Still, they have to find Macavity the Mystery Cat’s back, first…
“The Cameroons show a depressing lack of leadership in making the argument at any level on any area of policy that is a hard sell.”
Mr Fawkes, you should know why by now. Any such suggestions by you are jumped on and trashed by the liberal left media monopoly.
Can we just rename the Libdems, Labour and Tories the Social Democratic party # 1,2 & 3?
This would be in counterpoint to Dick Sniffin and the grannybashers who could be renamed the Undemocratic party?
Much as I loathe his brand of beefsteak nationalism, at least Griffin faced an election to become leader. What does that make the other main socialist party in Britain? New Labour, the Antisocial Nondemocrats…
UAF rioting over the weekend, 30 arrested most of them UAF members.
It aint the nationalists you have to worry about.
UAF are facist anti free speech nazis
said the white supremacist.
I don’t think you got it guido. The proposal was for the boe to regulate, as part of their financial stability role, bank bonus pools in relation to their balance sheets. Too many bonuses and too little left to support the bank impairs the bank’s stability
this is nothing like the 70s pay control measures. Are you being thick or deliberately obtuse to support some of your chums now working in the most heavily subsidised least free market industry in history?
The Chinese practice capitalism. We don’t. We get our credit from fraudulent financial engineering instead. Didn’t you notice?
We all now know that Gideon takes his orders from Nat Rothschild and Little Lord (hahahah)Fondlesboys.
A well oiled male Brazillian anus aboard a yacht, the sun beating down and the motorway system is yours when poor McMental is shuffled off to a secure unit.
I once jumped into a taxi
Asked the Driver to take me up the M6
Peter the driver says “are sure you dont mean up the jacksy?
I replied anywhere as long as there are lots of pricks
So peter delivered him to The Tory party conference
THE END
One day we will tell our grandchildren a lovely story about something called “the free market” and how, despite creating all of the wealth man has ever known, was replaced with socialism: an economic system which has repeatedly trashed economies wherever and whenever it has been tried out.
If ever you needed any proof of upstart know nothing political classes look no further than Georgy Osbourn.
I despair of the Tories there are looking as weak and pathetic as NUlab
CallmeDave needs to get a grip, if he can’t see Osbourn is a complete knob can only mean he is just as dippy.
Secondead
He is !
Worrying to see Cameron and his mates sliding towards a Heathite corporatism, which will do nothing to roll back Nulabor’s interventions.
If this is how things end up, expect it to end in failure after a few years, followed by a further move towards East German conditions under another Nulabor regime.
Is this really the best that the Conservatives have to offer us after 12 years + of disasterous socialist poliocies?
Unfortunately it is!
A lot of people are very angry, but if you live in the real world.. Osborne and Andrew Marr, just posturing and at the end of the day its not practical to try and limit the pay/bonus structure of any private enterprise, thing is these people (Bankers) have used public money to salvage themselves from the monumental cock up they have made of things, he who pays the piper calls the tune?, but then they are all dancing to the same song.
Do any politicians genuinely believe that bonuses casue (or help to cause) recessions?
No, but its a very convenient way of shifting the blame.
The Afghanistan war is VERY expensive, how can we afford it in our state of bankruptcy?
That was the purpose of the war, to prop up the drug addicts and make it easier for Islamic takeover of the country and investment and restructuring process from the Arab countries.
For every bullit fired someone makes a buck
The government’s problem is that two of the largest banks in the UK – Barclays and HSBC – never needed or took any government’s money . In the case of HSBC which is a massive global bank with branch networks on almost every continent itis probably too big or too expensive for the UK government to even contemplate nationalisation
It still has large capital reserves and therefore has monies to spare even after huge write offs in its US subsidary – Household Finance . It is a very strong nd canny player in the market and always has been. It is now using its financial muscle to attract the most creditworthy and low risk but proftiable customers away from its rivals – RBS & Lloyds who are severely wounded by Brown’s “rescue package” conditions.
So it is a complete fallacy to say that the UK tax payer owens the banks – they don’t – just the ones with the bad debts and poor lending books
When looking after their personal finances, bankers will continue to run rings around politicians.
I have been privy to some analysts reports on the state of all the global banks. HSBC is just possibly one of the least worst. It is not in any way ‘good’. And as I understand it it is still accessing the QE/Gilt purchase merry go round to rebuild its balance sheet at our expense
It’s like a bear chasing you. You don’t have to run the fastest, you just have to make sure you’re not slowest.
Did this all start in the USA or the FSA ??
The FFS.
Don’t start me on the FSA!
Yes it was the FSA, they did SFA.
What a wonderful Country, the Quango FSA that knows SFA about the USA or even the PTA,
FFS and LOL.
They should undoubtedly cap Simon Cowell’s boner
Talking of caps, FIFA are now trying to stop people investing in Football clubs and using huge wads of cash to buy the best players, not a level playing field they say.
F***ing, jealous if you ask me.
It’s funny how it’s the likes of “newcomers” like Chelsea + Man City who attract the attention of these critics.
Clubs like Man U, Real Madrid, Barcelona, the Milans, have always had pots of money which is why they have consistently won trophies but you never hear FIFA complaining about them.
Guido, you may want to dig in to this:
http://www.notbornyesterday.org/brownhealth
uuummn…..
“This evidence was handed to us inadvertently. The senior source referred to at the start of this piece mentioned “the latest nonsense – a huge list of things he can’t eat or drink because of the drugs he’s on…most importantly, cheese and Chianti”
At least the fucker is left with fava beans.
Mentaller and mentaller….
On BBC news just now,…. the gorgon actually vetoed payments to the British Lockerbie families, even though the American families received their payments! Now, I wonder why he did this? I sense more trouble for our supreme leader.
Barefoot, Its something that seems to be in British Politicians psyche, Lockerbie, N.I., Iraq, Afganistan, My father spent 3 years in Japanese prisoner of war camps and got a pittance from the Japanese Government in reparation, negotiated by H. M Government, the yanks and the anzaks got ten times as much. Contrast this with their overriding concern for the privileges of the members of club of Westminster, shower of shite.
How I agree! That kind of shabby treatment toward injured soldiers is reprehensible. Once a year the establishment foregather to remember those who have fallen in war. In my book the ones who were damaged and are still living are worthy of the best, the most, a country can afford. Government leaders who attend these ceremonies are total hypocrites. Japanese prisoners of war suffered terribly, mentally as well as physically.
Nota bene, I made a mistake in my comment above 226, the compensation refers to the IRA victims, not the relatives of those killed in the Lockerbie plane disaster. Nevertheless, the difference is more or less the same.
…especially if the BBC are reporting the story.
The American government actually has its citizens interests at heart.
British governments (red or blue) treat us “subjects” as expendable, see: signing of one way extradition treaties, continual refusals to hold referendums, not stepping in to save manufacturing industries while being quite happy to bail out their banker friends, etc, etc, etc, etc.
He can’t afford it. The country is broke.
McMental caught telling fibs yet again.
What next ,
The Sun informs those that cant read without moving their lips that “Mandelson marries female Big Brother contestant”?
Just as fucking believeable
The only solution to this countries problems is a cull of those who are slightly darker than certain shades on the Dulux brown colour chart, anybody who is from the north of Carlisle and then kill all of the French and Germans.
So your cull would leave most of this Government in place you English wanker !!! Jesus Christ some people are as thick as fuck !
So you would be exterminating all the good citizens of Northumberland.
You must have a Triple A star GCSE in NuLab English Spatial Studies.
I meant “unbeleivable”
Beast of C, did you mean ,…….. unbelievable?
BBC News says, “The government has said it aims to halve the UK’s spending deficit over the next four years.”
http://news.bbc.co.uk/1/hi/uk_politics/8240461.stm
Dave, over to you.
Jokers, byrne is a joke, that excuse for the a defence secretary is a joke, and a dictionary of the englicj language cannot decribe how poor this PM is!!
Apologises to all readers for this poor attempt at spelling, I have had a glass of wine to many to numb the pain of living in these current times!
Only the one?……
Yes Mrs Wembly!
Blimey, that takes me back.
One try’s ones best to please.
Did any one see the great leader and the news conference, planted question from the BBC, got his message out, job done, well done the Babour Broadcasting Corporation, propoganda machine paid for by us; this will feature on the next few hours of news, TV and Radio, when will this stop?
Has the great leader been having lessons during the summer on his stupid grin?
Did you know all BBC journalists have their teeth removed as part of the job?
It’s so they can pleasure Gordo’s cock more efficiently.
Note the weasel words ‘aims to’,
and even more meaningless ‘over the next 4 years’
Ha Ha Ha.
Sorry it really isn’t funny.
It must have felt like this living in the old comunist bloc
Labour are far more efficient – gone is the Five Year Plan – we can do it in four years.
‘aims to’ – my son aims to hit the centre of the pan – this has been the culmination of three five year plans on my part – but I still get a wet seat on occassion. Five Year Plans do not work.
Had I chosen Four Year Plans – I may have succeeded.
Just a quick reminder it is LABOUR who has been in power this past 12 years. Nobody else. Just Labour.
They screwed up the economy.
You can’t blame 12 years of past cock-ups on what someone else might do in the future.
For those of you who are unaware of this fact, Back to the Future is NOT a documentary. It’s fiction.
Total Agreement with this one, enough IS enough!
They’ll try, and they’d like to!
…but you CAN keep blaming a government who hasn’t been in power for the past 12 years.
New Developments in the Al Megrahi story!!! Well worth a look.
http://ddtaylor88.wordpress.com/2009/09/06/al-megrahi-more-to-come/
WARNING VIRUS!
Parasite alert
He should strengthen the power of the shareholders – after all shareholders own the f****** company, its there company and they should call the shots. Making boards and the management of banks more accountable to their shareholders is the key and a proper democratic solution.
Same sized cnts as this nulab lot.
Come GE day, I shall be wearing my Blue rosette,
and saluting Mini-Dave and the Boy-George.
What a pair of fucksters – and if thats all we can hope for
to rid us of this regime, then G-d help us.
Pip pip
Yeah I agree, let’s make El Gordo presidente for life, and get rid of the bother of going up the road every 4 or 5 years to vote.
Well I never, Ali Ben Bongo the last time I saw him he was juggling plates in a variety act at the Good Old Days, no doubt nut-case Brown will feel it necessary to despatch some more of our rapidly diminishing stock of troops to the Gabon, Its the right thing to do!, and Gordon can you tell us, after the latest justification for this pointless Carry on up the Khyber….. democracy?.. even the BBC has admitted (sotto voice) that this so called election in Afghanistan is a sham, but what would Mr Unelected know about Democracy and Elections?
I really do not think Osborne has a ‘command’ of economics.
Aye, – ye can trust me!
Cos nuthn’s ma fult ye understan.
No cos I am the greet clunking fister ye know.
Time for some serious comment: Fatty Osborne is a twat.
Time for some serious comment: All those people saying that we should sue Libya for the IRA atrocities should really target the funding country – the USA.
Ask Bono
Bit late to dig up Ted Kenndy and put him on trail.
Tommy said time for some serious comment.
Which trail? Hopefully a very busy one then thousands can walk all over him.
Too bloody right!
As a despiser of all things socialist, and of all people who rely on money stolen through the tax system to rake out a parasitical lifestyle, whether in a mansion or on the breadline, the Tories under Cameron’s leadership are really nothing than more of the same unprinicipled jerkheads.
We need a philosophical Fawkes to bring down the two Houses, end taxation, and end the tyranny of the majority by a minority.
The gentleman is for turning (as soon as the pressure from the media mounts).
It’s called misdirection. The more the Labour government and their propaganda wing the BBC can rouse anger at the bankers the less the public will think about the culpability of Gordon Brown (and other world leaders). It became clear some time ago that “Gordon Brown ignored a stark warning that “toxic” bank loans could lead to global financial collapse, a leading US hedge fund chief has revealed.
Jim Chanos said that Mr Brown, while Chancellor of the Exchequer, was given a briefing that predicted banks were in dire danger – more than a year before the crisis hit last year.
Mr Chanos, who made his name correctly predicting the downfall of Enron, said that Mr Brown and other G7 finance ministers were told of the “canary in the coal mine” but chose to carry on regardless.
…
At a closed session at the US Treasury in April 2007, G7 finance ministers were warned that banks were holding massive loans that could never be repaid. Mr Chanos told a BBC Radio 4 documentary: “We were completely and officially ignored.”
Oddly the BBC seem completely uninterested in following up this story…
As one of the lower income overtaxed self employed, I view the sort of sound byte economics of our current crop of politicians with deep suspicion. And when the Tories start sounding like the Closet Commies of the Socialist left I am concerned. If this really reflects the thinking of the Conservatives I will face a very difficult choice the next time the ballot box is available because I will not be able to vote for anyone advocating yet further restriction on choice, on freedom to reward or to increase the already over large tax burden.
Whitehall is overloaded with overpaid filing clerks masquerading behind their MBAs and “Management” diplomas – that is where the axe must be applied rigorously to remove the “Non-specialist” Manadarins from their posts and cut the Civil Service by at least 50% before it completely stifles the country. No one should be appointed to “manage” any function, department or activity who is not qualified and experienced in that field. The concept of the “generalist” manager is a disaster and has led to the state of waste and incompetence that Whitehall has become a byword for.
The Union bosses also need to be exposed as well as the high earners/big bonus receivers they are. The populist perception that Bankers are the only “bad guys” in this economic mess created by the fiddling and tinkering of far to many “amateurs” like our PM is a good disguise for the fat cats at the head of the Unions, in the Civil Service and the Westminster itself. Its time to stop the fostering of a “them and us” culture in the workplaces and recognise that rewards are earned not a “right.”
If the Tories want my vote in the next election they are going to have to stop sounding like Socialists Ideologues and begin to sound a bit more like competent and knowledgeable people qualified to actually run the organs of State the aspire to assume control of.
They need to sound like UKIP, Grey Mink. You are right and you speak for many I’m sure. We have come to a crossroads and can’t take any more risk or tax. Enough is enough, leave us alone to take care of ourselves and leave us enough to be voluntarily charitable.
The answer is really simple: its a minefield and no politician is really going to tackle the problem head on. With the state controlling the wealth, strategy, pay and bonuses of a company, then that company is effectively nationalised.
It can’t and shouldn’t happen.
Having said that, the policy of rewarding senior staff even when a company is failing or has failed, needs to be reviewed.
It’s a very National Socialist way of controlling the economy.
Effective nationalisation, rather than communisms outright nationalisation.
300th woohoo
Yeah, now go and get those Spartans to come and wage war….
I am perplexed by the notion that nothing can be done or,according to some,
should be done about bonus payments to bankers
Surely , in a banking context, a bonus should be paid only as a result of profitable transactions
There must be a method by which a profit is verified .
In my experience,profit is declared only after confirmation by professional
audit .
If bank directors declare a profit without audit they are exposed to a charge
of false accounting .
If an auditor verifies a profit when no profit exists he is not only incompetent,
he may be complicit in fraud and should lose his livlihood and/or his liberty .
As far as I am aware there are existing laws to deal with either of the foregoing circumstances .
It seems to me that a few high profille prosecutions and convictions and a few spells in the chokey wouild restore probity to the industry .
So far only Madoff has paid the penaly and he was not a banker .
Actually,all of the recent events confirm my long held belief that the biggest crooks in the world are chartered accountants–not all of them,obviously .
One thing is certain. If no one involved in the present scandal is prosecuted
it is only a matter of time before it all happens again .
Test prosecutions are needed .
False accounting?. The EEC as far as I know have not had there books passed by any auditors for several years, If any body mentions this in the land of Masstrichhtttt they get the sack, junket on, only a few billion missing and unaccounted for, but the clown and his wife have netted several million from being MEPS (fall over on the beach).
Osbourne is a schoolboy socialist. His latest outburst is no surprise and gives no incentive to vote Conservative.
No it doesn’t. (I continue to hope that cameron will give the chancellor’s job next year to ken clarke or william hague).
But does gordon’s false assertion yesterday that he (personally) had saved half a million jobs with his bank bail-out persuade us to vote labour?
Especially when Alastair Darling made the startling declaration soon after that, that gordon’s statistic was a lie!!!
I agree Ken Clarke and William Hague are rendered useless under Camerons tenure.
Well I don’t think they’re rendered useless , in whatever capacity they serve.
The only useless around at the moment is gordon and his crew. Priority is to get rid of labour.
bob’aintbustinagut’ and kevan are two particularly poisonous snakes that need getting rid of.
I say we elect Elton John as puppet master in chief working McMental
He knows what its like to have his hand up another chaps arse but a least has made his cash honestly
Unlike Litlle Lord Fondleboy
Goodbye yellow prick toad….
Saturday Night’s Alright For In-fighting
What Elton John’s favourite computer command?
C:Enter.
I’ve only ever had one shed
Did the Labour machine tel you to say that?!
Bernie Madoff sent to jail for scamming billions worth of $$
Will anyone get sent to jail for scamming billions out of European taxpayers for the EU and it’s accounts which have never been signed off on??
No exacatly.
Has Mrs Harman got a 2nd job ?
So gordon refused to help the IRA victims in their claims for compensation against Ghadafi, the semtex supplier, in December.
Now the story is swamping him in controversy, gordon has suddenly changed his tune and said he will support them.
What an absolute failed human being this man is.
Semtex my arse!, one of these days Gordon, one of these days.
He is a disapointment and so is his cabnet
I don’t know why, and I’ve been proven wrong before, but I’ve just had this strange emotional premonition that tomorrow’s cartoon is going to be a crude, bludgeoning masterpiece of puerile, vituperative, hacked-out foulness even worse than that ‘Hnnnnnngh!’ one. If the latest Libyan Despatches don’t make you want to throw up, then I hope something does this week.
Then again, it could just be shite…
Nope. If it’s anything to do with gordon it’ll be about spider and webs or snakes and things.
The Dark side.
“The Dark Side of the Hoon”
@Chronic
Money, get away.
Get a good job with good pay and you’re okay.
Money, its a gas.
Grab that cash with both hands and make a stash.
New car, caviare, four star daydream,
Think Ill buy me a football team.
Money, get back.
I’m all right jack keep your hands off of my stack.
Money, its a hit.
Don’t give me that do goody good bullshit.
I’m in the high-fidelity first class travelling set
And I think I need a Lear jet. …….. Bankers chorus
Poor bloody infantry chorus:
Money, its a crime.
Share it fairly but don’t take a slice of my pie.
Money, so they say
Is the root of all evil today.
But if you ask for a raise its no surprise that they’re
Giving none away. awayyy, awayyy, awwayy ,awayyy…away.
Sorry the LOVE OF money is the root of all evil, not money.
/pedant.
Don’t know why that common bit of ignorance annoys me but it does.
Mr Brown has done a U turn on sky news
So he will now give his backing to the IRA victims seeking compensation from ghadafi, the semtex supplier to the IRA!!!
Why??
Well first of all. All the bargaining has been done and dusted over oil in libya so gordon knows that there are no bargaining chips left to get anything out of the
libyans. Hence what he’s saying is lip service. Not likely to produce any results.
Secondly militwit and alastaird are in revolt. gordon’s premiership is hanging by a thread. This is nothing to do with what is right or human compassion, of which he knows nothing.
Gordon is in a battle for political survival. I hope he is forced by the cowardice of the labour party into fighting the next election. Then he and his overblown ego will have to face the disillusionment of the electorate. He will hate that.
http://www.dailymail.co.uk/news/article-1211448/Brown-claim-saved-500-000-jobs-lie-says-Darling.html
Brown claim to have saved 500,000 jobs ‘is a lie’ says Darling
The man with the moral compass hmm?!!!
If he told me tomorrow was Monday I wouldn’t believe him.
He’s cursed, so it would mean the end of the world and no monday!
Nell. I can not wait to see him and his missus leaving Downing Street. Although I bet he’d tip out the back door away from the media.
Sir you should ask the host before link whoring , Its only manners .
ah, at long last you are starting to learn some manners.
good.
Those banks who took public money to survive have been socialised. You cannot expect to privatise profits and bonuses yet socialise the risks and still talk about ‘the market’ and ‘capitalism’. Where’s the moral hazard? The bank bailouts have been the biggest exercise in socialism we’ve ever paid for. The bailed out bank bosses should have their bonuses capped, just like any other group of public sectors workers.
On the other hand Barclays and the other private banks that didn’t need or take public money to survive can pay whatever bonuses they and their shareholders see fit. After all its their business – quite literally.
The badly run and useless banks (which in the UK were mainly ‘Northern’ and ‘Scottish’ hint hint) should have been allowed to go the wall. Their business should have been transferred to better run institutions under government supervision, with government monies or underwrites being targeted to ordinary UK depositors. This couldn’t be done as NuLab are financially illiterate and didn’t have effectively banking supervision in place…
You know that Bank Bond defaults are very deflationary so the state could print enough money to bail out ALL the depositors without risk of inflation.
“Their business should have been transferred to better run institutions under government supervision…”
Whoops, I meant to say ‘Bank of England’ supervision not ‘government’ supervision, not least as the government doesn’t know what the hell it’s doing.
You are still right. The Board should no longer have jobs, the assets should be held in trust until unwound. The depositors should be moved to another bank.
The U.K. needs an FDIC, not a crèche for Zombie banks.
WARNING POSSIBLE VIRUS ALERT ON ABOVE LINK!
The only virus in all of this – is yellow cowardice fever being transmitted from gordon.
How has this lily livered man managed to gain and hold senior jobs in public life? gordon is a joke and a bad one!!!!
He is everyone’s ‘Mr Bean In Charge ‘ nightmare. When is it going to end??!!
The only consolation is that Brown has been so bad and NuLab so shite that we can look forward to a Labour being routed when it does end.
28% intend to vote labour so it won’t be much of a rout.
Under first past the post it’s the number of seats not the percentage of the vote that counts.
NuLab will be routed next election.
And if Call me Dave and some of his public school do-gooder, noblesse oblige mates were not such a headline following wimps Labour would be gone for good.
if you take money from the state Brown owns your poo hole and can insert what he wants
Sometimes people can be so naive.
The bankers are a side show. An irrelevance. Brown can deal with the bonus issue easily. He now controls the naughty banks that screwed up. Just tell the bosses no bonuses at all until you pay off your debts. Wont’ work, of course. It will make things worse, and as we now own them, not a good idea.
Nope it is just a distraction trying to stop people considering his own fuck ups.
200 bn maybe to the banks. He’s got all of us up shit creek to the extent of 8,000 billion
For the posters here, that means your share is 300,000 pounds, plus the interest at 4.5% Most is inflation linked to boot, so inflation doesn’t work for 90% of that debt. You can’t inflate you’re way out of it.
That’s his aim. Distract you from his fuck ups.
Nick
Frankly speaking gordon, edballs, bob’aintbustinagut, darling, postmanpat, dimilitwit, mandy, edmilitwit,madhatty are so bad that if the conservatives put sooty and sweep up for election I would vote for them.
I believe you would Nell. I’m voting for the best person I feel suits the nation. – With my concience.
well baby I hope it’s not gordon .
I can’t stand someone who is a pathological liar.
We need someone with a magic wand who’s not afraid to use it.
Sooty and Sweep were quite funny, whereas the Comeroons are just sad.
God bless Harry Corbet.
Gordon is immensely sadder!!! and more worrying!!!!
If the Tories want my vote then they need to get rid of all this populist shit and start talking tax cuts and grammar schools. I don’t give a toss how much bankers earn, it’s way less than the average premiership footballer who do approx 90 minutes per week.
Shit, that’s more than the average civil servant……
So let`s get this straight: banks nationalised, British troops fighting in Afghanistan, thousands of east europeans in Britain, government doing deals with Colonel Gaddafi ?
So when did we join the Warsaw Pact ?
We should be so lucky !
You been to Warsaw recently? It’s a damn site better than here.
I hope Gordon is not ousted before the General Election, not likely anyway given the spineless nature of the New Labour cretins, let Gordon face democracy for a change , what little we have still got left, humiliation is too good for him.
Too right. Approx. 45m people not only wish him gone, but actively want him to go down in flames. Nothing trivial, just the full *ucking banana. Nothing too painless. The *stard. Not, of course, that I have any strong feelings…..
No 28% still want to vote for him. The BBC said so.
Ah but the sort who would vote for him will be too complacent on the day. Lazy, owned and engrossed by TV and wouldn’t know where the polling station is.
Ok, it’s sunday evening, there’s bugga all on the telly, so here’s “what if” to ponder on, and have nightmares about.
What if….Nulabour, realising that McBroon is about as popular as vomit in the trifle, ditch him, and then put in one of the young blades in waiting. Then mount a very agressive “re-branding” in much the same way that they did under Blair to make labour electable again, after the shambolic sacks of shit that came before him.
Now, under ordinary circumstances, I would say that the country is so pig sick of labour, that they will still not get in. But….but….with Cameron still not quite connecting with voters (what does he stand for…is he a tory or Nulabour lite?) there’s a possibility that under a new leader, and with a bit of swift re-branding, labour could just scrape back in, or at the very least it won’t be the humiliating wipe out it will be if the snotster is still in charge.
Am I talking shit?
its a valid point, even more so listening to osborne this morning and dave jumping on every passing bandwagon with false outrage; he may go down in history as missing an open goal from standing on the goal line.
No, I have come to the conclusion that this Country is totally fucked which ever, we need an Oliver Cromwell to march the troops in and kick all the lying thieving troughers out, I’ve been dreaming of a time when the English are sick to death of Labour and the Tories.
seconded
ps don’t forget the lib dems, they should all be in prison.
We’re gonna have to vote UKIP.
It’s the only way to get enthusiasm back for street parties and village fetes. Seriously: patriotism has been killed along with the union flag. Bring it back vote UKIP. Everything will fall into place thereafter
Vote UKIP get Labour
Vote conservative get Newcon Blair 2
Interesting possibility.
This is what we get for conservatives not making ideological stands against labour, just suggesting they would be more competent.
The crash is the best explanation of why socialism fails. Yet people are really believing that a state controlled industry, selling a state created product (money) that the state controls the price and supply of, and when it goes wrong the state bails out…. is some form of deregulated free-market capitalism etc.
The unwillingness to challenge the “minority” grievance industry. The way standing up for personal freedom or parliamentary conventions has become acceptable if it gets in the way of “equality”.
Countless other issues where the conservatives have caved in over the basic argument. Leaving the door open for Labour to always win, as long as they get a competent and easy to like leader. Obviously McBust is neither but they will find one.
Re Sunday TV – thought the Agatha Christie on ITV was rather good.
You have never talked shit in any of your posts, they are right on the money everytime.
I would love to think that the Tories will sweep in and do the incredibly hard things needed to put things right after the cancer of newlabour, yet all the evidence is that Daves new social democrats will just carry on with the newlabour destruction.
I hope and pray I am wrong but there is something very disturbing about every word the Tories utter nowadays, whatever they stand for(if anything)is clouded by a misty and vacuous double speak that would do justice to any newlabour commissar.
The vast majority of voters dont want to see foreign aid continue let alone get ring fenced when there is such poverty at home and thats just one example, there are many more.
FWIW It could be that the time of the political axis is upon us lib/lab and UKIP/con alliances built up on shaky foundations with infighting and backroom deals abounding.
Everyone should check out the BBC new homepage – headline:
Brown backs bid for Libya pay-out
Not even kidding!
It will be painful to have months of pro-Labour propaganda put out by the BBC. At least it won’t work – as far as this election goes. It sadly seems to be working in getting people to believe generally Labour=good natured, sometimes misguided vs Tories = cruel heartless bastards etc. Who need to de-toxify – thanks “Dave”.
The BBC story is written to present Brown as the champion of victims. Have to get 6 paragraphs before it is pointed out that he has made a u-turn. The real story – that he wouldn’t help the vicimts – is not presented as a separate story – at least as far as I can see on their homepage.
Check it before they change it. BBC pro-Labour propaganda at it’s best (worst!).
http://news.bbc.co.uk/1/hi/world/americas/8240275.stm
Read the article and think I never say those apologies announced.
Narrative blackout until resignation.
Just checked – headline has now been changed to: ‘U-turn’ for PM on Libyan pay-out
Those who read biasedbbc blog will know that this is a common bbc tactic – start out with the headline they wish to push and will, under compaints often, amend it to get nearer the truth. The original one is normally the best sign of what they want – in this case to support McMental.
what about a pay out from the yanks, they funded most of the ammo.
Too right. Perhaps that’s why Brown sent Megrahi back, just to piss off the septics.
The country is in so much trouble.
Brown and co have to go, yet the alternative in Call Me Dave and the Boy Wonder is completely underwhelming. We need leaders and people unafraid to speak some truth.
Where was the opposition when the patently obvious economic mess was being created?
We are screwed. Unless Dave or someone grow a pair.
the cons need davis in charge then it won’t matter who labour put up, the lib dems should be disbanded and hopefully the main troughers will not get in but sent to prison.
What utter nonsense
you are a utter tit
School in the morning. Don’t stay up too late
More chance of them sprouting piss flaps like John Wayne’s saddle bags.
George Osborne looks like a closet gay who likes very small boys.
He’s probably very skilled at trading Mars bars for prepubescent arse-holes. Tory filth are exactly the same as the Nu Labour filth. They are evil perverts out to line their deep pockets and suck jew cocks.
Goodness! You mean you can really tell all this just by looking at someone on TV?
Oh yes, can’t you?
Here’s a reasonably good article.
http://www.telegraph.co.uk/finance/comment/6142385/The-long-and-short-of-our-financial-woes.html#postComment
dave/george should be put out to grass and lets have another alternative instead of another rerun of blair/brown.
I agree. Surely there must be someone out there who can stop this slow walk to disaster.
Maybe it’s something they put in the water which has made them all so wet.
Perhaps if David Davis stepped forward to lead UKIP
Well I don’t concur that David Davies MP should lead UKIP neccesarily but he should be in there with them as perhaps Defence or Home. Or a combination of both who knows? UkIP. Who dares wins.
If UKIP becomes the conservative opposition and Dave is as shite as we think he is who’ll cross the benches?
will the Tories be brave enough to privatise Al Beeb and his 40+ thieves.
http://www.telegraph.co.uk/news/newstopics/politics/conservative/6142962/Conservatives-float-plans-for-massive-privatisation.html
cue for baby eating Tories shock horror sensation from White Flag City.
no
Yes! and about bloody time
Have to admit the crusty old argument that only the BEEB could make programes such as Attenburghs Life on Earth etc etc have been well and truly sunk when you look at the History Channel etc etc. What exactly is the point of a tax payer channel nowdays ? Anyway the greatest ever documentary in my lifetime, with narration by Laurence Olivier no less was made by Thames Television not the BBC. I refer of course to the monumental “World at War” !
A stunning series from the opening titles onward.
Just watched the awesome series on WW2 on video and have to agree, it is perhaps the greatest series of documentaries on the world wars ever made.
Ninety percent of BBC output is just trivial trash or stuff that the commercial sector are doing for less money with better quality.
I liked “twizzle”.
He’s clearly a stupid Huhne. But they all are ff sake!
“so as to avoid socialising their rewards”
… but they are very happy to socialise their losses !
You made this false distinction a few months ago – describing traders as risk takers when all they have is a call option on the profits of their employer.
(and then, the cost of that option to them was ZERO!!!)
as nell done a runner ?
Time for bed. School in the morning
“neo-Heathite”, is that a new one Guido? What’s next, neo-Blairite? Neo-Brownite? Oh yes, how about a neo-Thatcherite?
neo-Conservative?
Nah! that’s sooo last decade
Heath is still a bogeyman for the EU zealots to namedrop when they feel like bashing the Conservatives
Great picture of Andrew Marr’s tonsure there. Is he, like Blair, about to publicly embrace Catholicism?
Great for advertising when the bbc is privatised
Oh dear!
Looks like Brown and Bliar have now been caught doing Gadafi’s bidding and dirty work by keeping tabs and house arresting his political opponents for him.
http://news.bbc.co.uk/1/hi/uk/8240997.stm
All that BP money has bought Gadafi his own overseas personal Secret Service, Home Office, and Control Orders, but with added bangers and mash!
As it seems that we all dislike Labour , I think we all hate Labour more than we like the Tories . Some choice
Gordon Brown has got a big pair of tits
Page 3-no substitute for gonads
Bottoms up.
Pleased to see your comments Guido, I always thought you were a bit ‘taken in’ by it all. Maybe you’re beginning to see the light on the Dave & George front!
Let me tell yer sweetheart its a case of ‘Dave MacMillan’ and ‘George Antoinette’ – patrician Tories at their worst!
Next for change? Pass the sick bag!
They fiddle the candidate list to protect themselves from the inconvenient truth that most people within the party are non believers!
When they bottled it over Northern Rock I knew for certain I’d been right all along! Lehman Brothers would still be here under Dave – oh look a bank failed and the world did’nt come to an end! What a surprise! Cheap shares anyone?
Yes, it will soon be the Real World One Nationers vs. The New Grandees.
Maggies Legacy vs. Born To Rule With Knobs On.
You see the problem is, we’ve got the courage but they’ve got the money bags!
Cameron is a commie like Obama. He has sold out to the EU because the only issue to discuss is who makes our laws. The EU makes our laws. Parliament is therefore irrelevant – unless he finds the spine to
A – do a cost benefit analysis of our membership of the EU and tell the people
how many hospitals a day we could build with the £6,500,000,000 we pay the EU each year.
B – put these stats onto a referendum and let us vote to leave the EU and use the 6.5 billion on our people and their needs.
C- CLOSE THE BORDERS and deport the illegal ALIENS * and stop calling them IMMIGRANTS because they are NOT..
as for Osborne, he doesn’t look like he even reached puberty let alone knows anything about economics. None of these Shirley’s do – they never have held a rela job between them.
Can you really believe someone called Osbourne could sort this out ?
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