November 22nd, 2009

Quote of the Day

Vince Cable asked should a bank have been allowed to go under said…

“When the Northern Rock crisis broke, my view was that that probably should have been what happened – the government should have rescued the depositors and let the bank go. That was how I responded to it for precisely the reasons you implied.”


7 Comments

  1. 1
    El says:

    Great comment too: http://iaindale.blogspot.com/2009/11/in-conversation-with-vince-cable.html#c7343388963968798041
    Simon Gardner said…
    “Vince Cable.

    He just so gets on the tits of Tories.

    Hooray!”

  2. 3
    Sam Hart says:

    i thought he said something different, he favoured full nationalisation at the time…

    Why should taxpayers’ money be used to help Richard Branson, or whoever eventually acquires Northern Rock?’ asked Vince Cable, shadow chancellor for the Liberal Democrats.

    Cable says ‘the least worst option’ would be to nationalise Northern Rock to safeguard taxpayers’ money, and then to sell the bank on in due course.
    - The Guardian, Sunday 18 November 2007

  3. 4
    Dave "Austerity" Cameron says:

    I would willingly trade George Osborne for Vince Cable,and indeed may very well do so when the transfer window opens in January.
    And that is a cast iron guarantee

  4. 6

    Well I’m sure Cable was first to propose nationalisation.







Nick Clegg said…

“Charlie Whelan and Lord Ashcroft are exactly the same. One is the baron of the trade unions, and the other one is the baron of Belize. Both are bankrolling political parties, both are trying to buy seats.”



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