September 22nd, 2010

Spivgate

The fallout from Cable’s speech seems to be overshadowing Clegg’s big day out at the UN. Once again “the sage” is the LibDem everyone is talking about. Describing those that work in finance as “spivs” has caused some consternation and outrage in the City, but was lapped up in the hall of course. Sky News gave Clegg a hammering over it and he very clearly did not defend Cable’s words. A better line of questioning would have been whether Clegg thought his brother was a spiv, or his dad, or David Cameron’s late father was a spiv, or LibDem’s donors, or David Laws. The list goes on…


633 Comments

  1. 1
    Billy Bowden is the greatest umpire ever ! says:

    Nah just Vinces

    • 15
      City Gent says:

      Bring back Peter Mandelson. He was our kind of Minister.

      • 37
        Ivor Biggun says:

        You’re wrong on this one Guido – did you hear his whole speech?

        Vince is right on this one – pro market, pro business, but anti monopoly and anti short term profiteering (e.g. selling out Cadburys to Kraft, letting wreckers like Hilco etc. destroy Woolworths, Borders, etc. for shirt term gain, rather than rescuing that which could trade successfully, profitably and with jobs and taxes paid).

        I’m no LibDim, and no fan of Vince, but on this one his sentimrnt is right, and will go down well with the thinking voting public.

        • 53

          How can he be anti-monopoly but be pro NHS/anti private health care or Pro state schools/anti free schools?

          Its like Polly Toynbee banging on about taxdodging businesses whilst she knows Guardian Media are just as guilty.
          FFS Lib Dems, pick a direction to face and face it. Can’t pretend to be socialists in the north and capitalists in the South any longer. used to get away with it because no one listened to a word you said. But now…!

          Its as embarrasing as when they had to produce their election manifesto and for a change someone in the media actually read it.

          “Did we really say we’d allow all immigrants an amnesty? Blimey, that was careless. What other conference dippy hippy nonsense did we put in here?”

          • Sick of bankers high bonuses? Bank with the fucking Co-op then, that’ll teach them.

          • Anonymus says:

            anti free schools,
            That’ not inconsistent if one believes they won’t really do anyone any good.

          • Mr Ned says:

            I would rather not bank with anyone, and handle all my transactions in person with cash or some other mutually agreeable commodity, or service.

            FUCK the banks! They are nothing more than thieving corrupt parasites!

          • Call me Infidel says:

            Bank with the Co-Op? The bank that lends money to Zanu-Labour? I think I will pass if it’s all the same with you.

          • fernando's pants says:

            I wouldn’t even shop at the co-op, let alone bank with them.

          • Garlicjam says:

            It’s all in here.
            http://realitymoney.page.tl/

          • AC1 says:

            > anti free schools,
            That’ not inconsistent if one believes they won’t really do anyone any good.

            I’m suprirsed someone of your limited intellect can use a keyboard.

          • AC1 says:

            Money is just a proxy for the use of other peoples time.

            http://realitymoney.page.tl/ is just nonsense.

          • Anonymus says:

            AC1 you are just a dick, who cannot think. just regurgitate other people’s free market ideas that they don’t think through properly. Which explains why you cannot even conceive that there might be a problem with free school plans.

            You can start with – hastily introduced without gathering correct information to support their introduction. Surely anyone can agree that hasty politicians are someting not to be trusted?

          • Susie says:

            I’ve even gone off John Hannah because he does the Co-op voice over. Used to wuv him.

          • Anonymus:
            Free schools /big society was brought in a hurry when the cut quickly/cut deep narrative went sour on the back of Labour’s deficit deniers and media pressure. Looks like Dave had no real backup plan and so season two’s series was brought forward to season one.

            Yes its rushed. Yes it hasn’t been well thought through. But getting schools out of local authority control, and government interference can only be a good thing.

          • AC1 says:

            Anonymong Idiocy boiled down : State Schools are such a success and I care about children more than their parents so I should decide where the right place for them to learn is…

            Idiot.

          • sowwy kiddies! CAMERON APPROVED EVERY SINGLE WORD OF CABLE'S SPEECH says:

            Number 10 are “extremely relaxed” about the speech

            for the morons who still haven’t grasped it yet, that means what Cable said is exactly what Dave thinks, but he can’t say himslef lest his unreconstructed right headbangers shit themselves next week

          • smoggie says:

            I see tat’s still about spouting bile, shite and nonsense.

            Dave wrote Vincey’s speech!

            Ha, you have to laugh.

          • do not feed the mongs says:

            Your all a bunch of tribal mongs, excludes OH.

          • John Hutton, the one true prophet says:

            The BBC are running a story that archeologists have discovered the world’s oldest joke but it’s fair to say the Liberals found him first. Stupid of fart.

            That said most of us in finance would recognise we’re spivs.

          • sowwy kiddies! CAMERON APPROVED EVERY SINGLE WORD OF CABLE'S SPEECH says:

            I see the tiny brained fuckwit thick as thieves/smoggie is pissing himself in fear because he knows that the banker wankers are going to get a kicking

            when your tiny brain can learn the difference between APPROVED and WROTE you can stop licking the keyboard tat and fuck off

            you’ve got to laugh at tat and everyone does!

          • Anonymus says:

            argument with AC1: dim twat. Nope. not that. I did actually spend some time thinking for my self about how well, and whether, such a scheme might work. I’ll admit there might be a very small band of people that might benefit from this, but it seems unlikely. It relies on people giving away time, expertise, and effort for nothing. Not for their own kids. that would only last a very short time, and then they’d give up.

            BQ MP: Its surely not that much of a hurry. There have been all sorts of different ideas (opting out? academies?) about this in the last 2 decades that its not surely that much of a hurry. And its not as if a government can’t just tell local authorities to stop doing what they consider the worst things (and I don’t really know what they are supposed to be). Its a bunch of long term, difficult to sort out factors, and even if there is a lovely free market solution it aint going to happen overnight.

            Its quite clearly not much of a success if the only people who want to give it a go are religious groups and Mont-y-bloody-saur-ies.

          • Nick2 says:

            http://realitymoney.page.tl/? Hysterical. Money as a unit of energy? An example of which was breeding sheep?

            Money has been around for much longer than concepts of energy and its conservation and conversion to different forms. To use the first example, hiring the neighbour’s ram was more likely to be viewed by a medieval peasant as a transfer of ‘animal seed’ than a five-stage conversion of the sun’s radiant energy to ovine RNA.

            Laughable website. Should by preserved on the Wayback Machine for future generations.

          • AC1 says:

            You thought for a long time! Woo Hoo that makes it all different then!

            So you thinking for a long time is more important than what other parents want for their children?

            It’s that sort of narcissistic claptrap that gets you (like the Marxist mongs) called an idiot.

          • straw man dum dum says:

            dey iz all dem commienazimarxists innits ?! ? fuud gows in mowth ! ?!?

          • anti free schools,
            That’ not inconsistent if one believes they won’t really do anyone any good.

            So that socialist line, to which I am sure you subscribe, about Eton, Winchester and St Athelstan’s Reformatory for the Sons of the Gentry (my own alma mater) giving the kids of the rich an unfair advantage was just hot air, was it? I mean, they are free schools too.

            You can’t have it both ways. At least not unless you want someone who benefited from a decent education to rip your argument apart in his efforts to spread that advantage to others.

          • Jolly Boating Weather says:

            Prince Harry went to Eton and he’s as thick as two short planks.

        • 121
          Sir William Waad says:

          Woolworths went down because it was rubbish. It was far better to recycle the premises into new use.

          Borders went down because people are buying fewer books and the most popular books are heavily discounted at the supermarket.

          Cadburys getting taken over was not an example of short-term profiteering. It was a takeover, plain and simple.

          • AC1 says:

            Shhh, Moronic Idiots are ranting.

          • otto flop says:

            Woolworths freeholds were sold (and profits booked) then tied in to long leases with 2.5% annual increases, then whole lot demerged. This inexistent balance sheet plus lack of credit insurance from suppliers killed them.
            I think that some 20% of Cadbury’s stock was held by hedgies, so not suprinsingly it was a short term transaction

          • Anonymous says:

            Er not neccessairily Sir William, but the aforesaid companies have deep pockets when consultig m’learned friends.

          • Anonymous says:

            You personify an idiot perfectly AC1.

          • Noisson says:

            Yeah Woolworths were fucked for years, they were losing money for years before the recession which took them over the edge.

            The stores were designed on the cheap with the same architect and builders nationwide, lined pretty much every damn one with asbestos from wall to ceiling. This didn’t kill them alone but if you have to hire private contractor teams to replace a lightbulb you’re fucked.

          • Dick the Prick says:

            @Anon 6.01 – fuck you. Time to grow up.

            The politics of being a Lib Dem are incredibly important at the moment. It was a tame speech and they’re quite funny perverts. At least you know that when speaking with a Lib they’re party hasn’t got an innate party line – kinda makes things a bit easier.

            Go Vince – keep the party onside. Lovely fucking peverts.

          • Anonymous says:

            High Street book shops are closing down because they don’t have the range of books on offer cheaper at Amazon.

          • Sarah Palin's even dimmer NeoCon cheerleader says:

            THE IRAQ WAR WAS A GREAT IDEA!!

          • Angry NeoCon Mong says:

        • 296
          Paul says:

          Its seem alright by this society to brand all benefit claimants as fraudsters and very few ever dispute that pack of lies, so why not brand these individuals wtih one brush. Socialism for the Rich capitalism for the poor.

          They all should have been bankrupted two years ago.

          Paul

      • 38
        Disaffected says:

        Cable, like so many politicians forget thier past or their own lack of standards. Was he a business angel while working for Shell? Let us not forget that Andrew Neil made him look a complete fool before the election about his continuing change of mind about the economy. Why do the Libs keep reminding us that it is a partnerhip when they only have 50 MPs which was lower than they expected. Why should they disproportionately influence our government when the people clearly did not like their views on the economy, EU, immigration, defense, education etc. That is why they got less of the public vote than expected, for Cameron to cave in on so many issues is a joke. The same applies for giving them so many ministerial posts, their views are at odds with the vast majority of the public and already appear to be completely incompetent in discharging their ministerial powers in a statesman like way. Get a back bone Cameron. Try as they might, to convince us this (coalition) is the way forward for politics, no one wanted a coalition. Overall the public wanted Liebour out and hoped Cameron would come true on his pledges. The vote shows no one wanted the Libs, the sooner they fck off the better.

        • 94
          Raymond Luxury Yacht says:

          “Why should they disproportionately influence our government when the people clearly did not like their views on the economy, EU, immigration, defense, education etc”

          Doesn’t this apply to everyone, after all nobody got more than 36% of the vote

          • Anonymous says:

            Their minority vote was bigger than anybody elses minority vote. Don’t look too closely or the magic disappears.

        • 217
          Susie says:

          You’re talking sense and the truth Disaffected.

        • 256
          Michael St George says:

          Cameron has caved in on so many issues because basically he’s a LibDim at heart and only a pretend Conservative. You could see him practically creaming his jeans with delight in making his “comprehensive offer” to Clegg after the election, and the results must have exceeded his wildest dreams.

          Well then, now here’s a test for him. Does he have the cojones to sack Cable and tell him to get back to the sandal-wearing, muesli-sucking, Grauniad-reading bleeding hearts he obviously feels most comfortable with?

          Don’t hold your breath.

      • 79
        Olly boy says:

        He was a spiv too.

    • 17
      Dave's Test says:

      But has Dave got the Balls to sack him?

    • 52
      Mr Ned says:

      Bullshit, everyone in the City knows that they are a bunch of Spivs, crooks and thieves.

      In fact all the banks are run by and operate as thieves. Anyone offering loans under a fractional reserve system is a bloody crook!

      If I was to lend someone £10.00, I would have to be in possession of the full £10 pounds.

      I could not take a single unit of currency, then create a further 9 units out of thin air and lend them out expecting the return of all 10 units plus a further n… number of units in interest that have never ever been created by anyone.

      • 66

        So don’t bank with them then. Nobody forces anyone to bank with thieves. Take your overdraught to a bank that suits your morals or better still, don’t borrow money from the moneylenders

      • 78
        purpleline says:

        Start your own bank then if it offends you so much. But hey when you took out your mortgage did you raise this subject up with the bank or building society?

        • 91
          Mr Ned says:

          I was not aware of how corrupt the banking process was when I took out my mortgage.

          I thought that banks operated by lending and investing a fraction of their existing reserves. I thought that for every 10 pounds they had in reserve, they could lend out, or invest, 9 pounds. How wrong was I?

          I did not realise that they use their reserves as collateral to create new money out of thin air and then charge interest on it. Interest that is NEVER created at all, except by the issuance of more invented money in the form of new loans.

          In other words, for every pound they have, they can create an additional nine pounds out of thin air and then charge interest on that!

          If I did that, I would be thrown in prison for counterfeiting money.

          • Anonymous says:

            Well, up to a point.

            Banks rely on the not unreasonable assumption that not all depositors/borrowers will withdraw their money or default.

            Isn’t it the same as people only having a week’s worth of food in the house, knowing that they can get some more when they need it?

          • Mr Ned says:

            No it is the same as people having a weeks worth of food in the house and never eating any of it, because they can magic food out of thin air

          • fewqwer says:

            Mr Ned, it is clear that you lack the faculties of reason required to develop for yourself an understanding of money in all its modern complexity. You have been informed by sources that you were not able to assess critically.

          • Cassius Longinus says:

            caveat emptor

          • AC1 says:

            Ned just keep repeating nonsense, he’s been corrected several times but seems incapable of learning.

          • Mr Ned says:

            fewqwer, there is nothing complex about the use of fake, fraudulently created “money” to facilitate the theft of Tangible Assets put up as collateral.

            Banks create money out of thin air. If the credit and interest is not repaid, the banks take the tangible assets and it has cost them nothing.

            It works like this, some years the banks create more credit than is required to successfully repay the repayments owed on existing credit. When there is more money being created through credit than is owed in repayments on existing credit for that year, we have a financial boom. economic growth happens and everyone is happy.

            Then when the banks want to take people’s stuff from them, they restrict lending. There is less money being created and when there is not enough new money being created through new loans, to pay the repayments required on existing credit, we get a recession and more people fall into arrears and then the banks take peoples real stuff (homes, businesses, land) away from them.

            The credit cost the banks 1/10th the amount of the loans.

            There is nothing complex about that.

            Yes there is a lot of complexity in the complex financial instrements created by the financial institutions to hide this simple scam. There exists every kind of extremely complex fiscal tool and scheme which included in the economy creates a very complex system which even the brightest economist cannot understand, as proven by the fact that so very few of them predicted the 2007 crash.

            I however have cut through the complex bullshit hiding bollocks to see the very simple underlying truth. I also predicted the crash. It happened a year later than I thought it would, because the fractional reserves of some institutions had long stopped using a 9:1 ratio, and instead were leveraging up to 40:1 in some schemes and leveraging the greed and gullibility of traders globally to push this as far as it would go.

            The bankers are very heavily reliant on the complexity to hide their basic fraud and they come out with the arrogant and patronising bullshit that you wrote above, to wit,

            “it is clear that you lack the faculties of reason required to develop for yourself an understanding of money in all its modern complexity.”

            There is NO complexity needed. The fraud is SIMPLE. In fact it is GENIUS in its simplicity. That does not make it any less of a fraud.

          • Anonymous says:

            Cassius Longinus says:
            September 22, 2010 at 4:38 pm

            caveat emptor

            Caveat emptor indeed, or not. It depends whether who one does business with can be trusted.

            I used to be of the opinion that all is fair when purchasing goods or investments. I used to rail against Labour for forcing companies to be ‘honest’ and up front about exactly what one had purchased, the rights and a cooling off period. I was wrong.

            I work in the City and reckon Cable is playing the right mood music.

            The City should not have a golden halo floating above the Square Mile abrogating all and sundry of their responsibilities to society, ripping off whenever a quick buck can be made.

            They are not invincible and much of what Vince says makes sense.

            I guess it’s the real spivs who are squealing now and I hope it hurts.

          • purpleline says:

            Your understanding is not quite correct.

            Northern Rock needed to go to the money markets to borrow money, when the market dried up for them they could not behave as a bank any longer.

            If what you say is correct why did they not magic up some fresh money?

            I will try find my book on how Banking works in reality. Of course the bank has assets it uses to borrow cheaper money to re-lend, if they did not do that the world would stop.

          • Edge says:

            That’s an excellent case for refusing to pay them back the full amount.

          • You’re kind of right Ned, but what you are actually referring to is the way that banks create money out of nothing by purchasing government d*bt then lending a multiple of it.

            The way the depositor scam works is that the bank does indeed lend 9 out of your 10 quid out, but often to other banks who will then treat it as an asset and then lend the standard multiple of that loan to others. Depending on the health of the inter-bank short term lending, this can lead to your £10 turning into £400, or to your £10 turning into less than the £250 or so that is required to support the massive Ponzi scheme.

            See Douglas Carswell MP’s website for the info on his Banking Reform Bill, which would allow you to opt out of the depositor scam altogether – it’s due for debate on Nov 19th I believe, and if it doesn’t get taken up by the Brokeback Coalition then we’ll all know where they really stand.

      • 137
        AC1 says:

        Ned is just spouting his usual ignorant (not the same as stupid) “FRB is a con” nonsense.

        The problem is the regulatory induced over-expansion of credit, and the taxation of Work not government created monopolies such as patents and Land rights (not what’s built on them).

        • 568
          the Banks who overleveraged themselves at 40-1 ? says:

          or as anyone who isn’t a NeoCon idealogue knows,
          the regulation wasn’t strong enough so more regulation is needed

      • 142
        AC1 says:

        Ned.

        Banks DO NOT take one unit of currency and lend out 9 units.

        they take 100 units of currency and lend say 90 units back out (with 100 liability and 100 Assets (90 in loans + 10 reserves).

        Of these 90 lent out to people and then < 90 comes back to banks, 81 are then lent out (90 Liability, 81A+9R Assets).

        If you continue the expansion…

        You get Credit/Debit Pairs are 1/Reserve Rate

        So a 0.10 Reserve =10 times Credit in the system i.e. You could have 1000 currency units of credits (and 1000 units of debits).

        HOWEVER if you unwind the credit debit pairs you get 100 Credit units.

        Just accept that you do not understand what you are talking about.

        • 204
          Mr Ned says:

          You have bought into the scam then.

          The central bankers admit in their own words how this works. For every pound in reserve, they can lend an additional 9 which they create at the click of a mouse.

          I used to think the way you did, until I researched the bankers themselves. I do not mean the tellers at the bank, or even traders in the City. I mean the top level bankers who have admitted in books and reports they have written themselves that this is how the scam works.

          • Anonymous says:

            Agreed, I did the same research.
            So they create hundreds of times that value, in an amazingingly complex series of transactions, skimming off a few percent at each stage.

            The bankers then take this money home and buy Ferraris.

            Sadly there is not enough left for the people who saved money in banks or trusted their IFAs and pension funds. They are told they are living too long and times have changed…

            Society needs a certain amount of credit in banks, its just that the sector is totally out of control and needs to be reined in.

            Alas, if the industry acts in this way, no-one who works in the sector is untainted.

          • Anonymous says:

            Mr Ned. I salute your good sense.

          • AC1 says:

            You’re getting confused between individual banks (Loans M0). You are also confused between Money and Credit.

            The cause of the credit bubble was this.

            To stimulate (and get Tax revenues on) consumption, the regulator decided Debt was to be increased and thus reserves were decreased. (This was to hide the fall in productivity caused by taxation.)

            Once Risk is greater than reserves catastrophe is inevitable.
            QE is being used to inflate the money supply to enable losses to be paid of.

            What should have happened…
            The banks bondholders and shareholders should have been wiped out.
            The bank should have gone into administration.
            The bank assets (loans) should have been seized by the state.
            The bank customers (bank account holders) should have been transferred to a solvent bank (create a new one if needed).
            To prevent bank runs, the State should print money to make the customers not lose money. This would NOT be net inflationary as the bond and shareholder defaults are deflationary).

          • Hooray for the Bankers! says:

            You are actually saying that NOT requiring the Banks to have a reserve, thus NOT regulating them in any way with a reserve requirement, is OVER regulation ?

            Bonkers.

            Besides, Banks have always found ways of circumventing reserve requirements. Banks in the US commonly sweep money overnight from accounts that are subject to a reserve requirement to accounts that are not. This is the sort of thing that is called “financial innovation”.

            Banks maintain a certain level of reserves for transactions anyway.

            The overleveraged Banks, who made Billions in Bonuses selling/re-selling and re-packaging worthless CDS and CLOs in casino bets, then went running to the taxpayer to save them.

          • AC1 says:

            Systematic Credit i.e. Credit Volume is part of a states currency monopoly, so it is a valid place to regulate.

            What’s good to regulate? Credit Volume.

            What isn’t a good idea to regulate? Telling banks who to lend to: See Fanny and Freddie.

            Hoorah for the regulators (at least you have a name).

            As for Regulators not being able to regulate reserves effectively, if you think they cannot do the simplest form of regulation properly what makes you think the much more complicated, dangerous and expensive regulation that you propose will have a hope of working?

          • Casino Wankers says:

            It was regulated but the regulations were systematically weakened over time

            And those regulations that were in place were deliberately ignored and circumvented by the Bankers

            Both of which are clear arguments for more regulation as the regulation was not strong enough and must be tightened now.

          • AC1 says:

            Ned,
            As said above. If banks can create MONEY at the click of a mouse then no
            bank could possibly go bankrupt.

            The new Basel III regulations state a 7% reserve ratio (sort of), this means a systematic credit volume of 14 times M0 (not 10).

            I think you ought to at least explain how you think banks (not the CB) can create money at the click of a button.

          • Law or regulations didn’t make them lend. The profit motive did. says:

            Lehman Brothers paid $8.7 BILLION in staff bonuses in 2006 alone.
            They surpassed that in subsequent years.

            Here’s your NeoCon hero Bush promoting Fannie Mae “fairness” and “affordable housing.”

            Bush promotes national minority home ownership plan.
            Jet, July 1, 2002

            President Bush set a new goal of helping 5.5 million minority families buy their own homes before the end of the decade, hoping to end what he called a “home ownership gap.”

            “The difference in home ownership between Anglo America and Black and Hispanic America is too big,” Bush said at St. Paul AME Church in Atlanta.

            The president recently was in the city to promote his home ownership program, which calls for the building of 5.5 million new homes for minorities before 2012.

            Citing high down payments a major obstacle to home ownership for low-income families, Bush wants a $200 million expansion to the American Dream Down Payment Fund, first outlined in January and awaiting action by Congress. Grants from the fund would help about 40,000 families a year make down payments or pay closing costs on houses.

            Fannie Mae Pledges Support for Bush’s Minority Homeownership

            Fannie Mae Pledges Continued Support for President Bush’s Nationwide Effort to Increase Minority Homeownership

            Business Wire, Oct 15, 2002

            Fannie Mae Chairman and CEO, Franklin D. Raines today joined President Bush and U.S. Department of Housing and Urban Development (HUD) Secretary Mel Martinez, and other industry leaders and non-profit organizations, for a housing summit to promote the Administration’s proposal to expand minority homeownership.

            Fannie Mae’s ten-point plan to help advance the Bush Administration’s homeownership proposals was included in the Blueprint for the American Dream document released by HUD today.

            “Fannie Mae commends President Bush and HUD’s continued efforts to make minority homeownership a national priority through today’s housing summit,” said Raines. “As we know, homeownership builds stronger families, communities, and improves our quality of life. Through the expansion of minority homeownership, the Administration will advance housing equality in America.”

            “The Blueprint for the American Dream that we unveiled today is the response to the `homeownership challenge’ President Bush issued in June to increase minority homeownership,” said HUD Secretary Mel Martinez. “Our partners, representing every segment of the affordable housing industry, are committed to working together to achieve the President’s goal of adding 5.5 million new minority homeowners by the end of the decade.”

        • 238
          Anonymous says:

          AC1. You should run for the national finals of Pyramid Scheme Tosser of the Year.

          Well done.

        • 259
          Anonymous says:

          AC1 – “Just accept that you do not understand what you are talking about.”

          You sound just like Gordon ‘prudence’ Brown. Happy now? Tosser.

          • AC1 says:

            Get your own name idiot.

          • Anonymous says:

            Whoever writes it, the truth hurts doesn’t it AC1.

          • try again says:

            Banks have always found ways of circumventing reserve requirements. Banks in the US commonly sweep money overnight from accounts that are subject to a reserve requirement to accounts that are not. This is the sort of thing that is called “financial innovation”.

        • 269
          Mr Ned visits the bank says:

        • 334
          Edge says:

          you only need to deposit 1000 in a clearing bank to begin.
          http://www.huffingtonpost.com/2010/03/19/how-to-start-your-own-ban_n_497261.html

        • 357
          wrong again says:

          some of the Banks over-leveraged themselves to the tune of 40-1

    • 92
      Charles Lynton says:

      “For a few cheap laughs and claps in a hall Cable has done untold damage to the Coalition’s reputation.”

      But the old faker wants to return to his spiritual home of the Labour party, so what better way to endear himself with the Labour old guard than to beat-up Bankers etc. from the Conference Podium.

      Clearly the sad old b*stard cannot come to terms with being in government – he much prefers standing on the sidelines and spouting policies that can never be implemented when in government.

      As such, the Labour party is the perfect final resting place for him…

      RIP Vince.

      • 225
        Susie says:

        Yes go to Labour, Vince — you could be the Shadow Chancellor — they’re that crazy, but be sure you don’t break the secrets act from your time inside the tent.

        • 359
          nobody in CCHQ is briefing against Cable they are briefing for his speech says:

          so why are Osborne and Cameron happy with his speech ?

          • smoggie says:

            Silence equates to approval does it?

          • preparing the way for a new city crackdown masterminded by Osborne to happen at the time of the cuts says:

            they both saw the speech and had absolutely no problem with it last night

            and number 10 are briefing for the speech saying they are “extremely relaxed” about it

            doesn’t sound like disapproval or even silence, does it ?

            sorry to shatter your illusions

          • Susie says:

            They gave him enough rope… and he hung himself. Then they can get the much more competent Law back in the saddle.

          • nope says:

            hung himself by becoming the most popular Lib Dem at the conference as well as attacking the bankers who the public despise and always enjoy seeing attacked

            Laws problem was he liked being in the saddle a bit too much with his rent-boy while charging the taxpayer £30,000 for the pleasure
            if he ever comes back it will be to replace alexander

    • 102
      Lydia Dustbin says:

      From Princeton’s online dictionary:

      “Spiv: a person without employment who makes money by various dubious schemes; goes about smartly dressed and having a good time”

      Sounds like an approximation to Members of Parliament!

      • 153
        Bob Crow says:

        Good afternoon Comrades, Uncle Bob calling once again.

        Could I please remind everyone that both Vince Cable and Ed Milliband are fully owned bought and paid for subsidaries of the RMT. They are both working on our behalf for a glorious socialist future and I am personally pulling both their strings. They are both my boys and you should therefore fully respect them in the same way that you would me. They have thew full support of all my train drivers.

    • 187
      Empty Vessels init says:

      Touched a raw nerve did he Guido?
      Perhaps he’s right then.

    • 216
      Someone else says:

      But… they are CRIMINALS! They lend money they don’t have and that doesn’t exist and then get their cronies in government to give them real money from the stupid taxpayers.

    • 271
      vince is Right says:

      Of course Vince is correct. I know a very successful City Trader and he likens the talents required to the barrow Boys of old. Nowt wrong with calling a spade a spade.

      It doesn’t make them bad people.

    • 385
      smoggie says:

      Tat please post some more youtoob vids and one-liners about evil spiv bankers.

      I feel I’m getting to understand the financial services industry at last.

  2. 2
    RH says:

    increasingly the man is looking out of touch, on his own planet and even a touch senile. Perhaps time to pack him off to the old liberals home.

    • 42
      Ken Lorp says:

      The great thing about all this is that it highlights the total inability of the Lib Dems to present themselves as a competant party ready for government.

      They will be sunk at the next election, but not because they went into coalition with the Tories, but because they’ve shown themselves to be, at best, a bunch of amateurs getting obsessive about issues that don’t really matter and playing to the peanut gallery on the issues that do.

    • 262
      Anonymous says:

      Out of touch how? He is saying what many people think.

      Good on him.

      • 333
        revolting peasant says:

        Agreed.
        They are a bunch of fucking spivs.

      • 338
        smoggie says:

        No the senile old git is saying what the real culprits have been saying and the herd is stupid enough to believe this agitprop.

        It was Bonkers not Bankers wot spent our money.

        • 363
          Hooray for the Bankers! says:

        • 433
          Anonymous says:

          Bonkers not bankers?

          You are Gordon Brown and are still refusing to see sense.

          The bankers are bonkers. They have ripped the country apart and you support them?

          I hope you die a painful death.

          • Charles says:

            What a load of crap. The vast majority of people in finance had nothing to do with the CDOs that caused the credit crunch.

            If anyone’s to blame, it’s the underclass in the United States who refused to live within their means. The people who, although unemployed and with kids to support, still took out mortgages they had no hope of repaying.

          • O RLY ? says:

            AIG, Goldman Sachs, Bank of America, Lehman Brothers, Bear Sterns, Merril Lynch, Morgan Stanley ?

            none of this ringing any bells is it ?

            LOL!

          • Nobody forced the Banks to take out bad loans and repackage them for massive profit says:

            horseshit

            the Banks were all up to their necks in CDO’s and CDS’s because they made them all astronomical short term bonuses

          • Well, it was Clintstone that forced the banks to lend to unsuitable creditors, so there is one culprit.

            It was Broon who deregulated the UK finance industry to increase tax income, so there is the other culprit.

            The bankers, realising that they were being shafted, packaged all the Clinton-caused bad loans into CDOs etc., and used the lax regulations promoted by Brown to shift these toxic assets around until the whole system was infected with the socialist madness that had started it all.

            The common factor? Socialists effing around with things they don’t understand while being shafted by the slightly less stupid banking fraternity.

            A plague on all their houses, and on yours too if you blame the bankers alone.

  3. 3
    Billy Bowden is the greatest umpire ever ! says:

    Tory Hq could spin it that a senile old man took the place of the buisness sec ?

  4. 4
    David says:

    According to the BBC, I understand Cable actually said: “I make no apology for attacking spivs and gamblers who did more harm to the British economy than [transport union leader] Bob Crow could achieve in his wildest Trotskyite fantasies, while paying themselves outrageous bonuses underwritten by the taxpayer.”

    He is clearly not labeling everyone who works in the City as a spiv.

    • 30
      Hug a Hoodie says:

      Too late, the damage is done.

    • 50
      In the butt says:

      I hate Bob Crow, I really hate him, more than any person in Labour, even Gordon Brown. Bob Crow is everything that is wrong with the Unions in this country.

      Crow stands there on TV as bold as brass and blames money grabbing bankers for the ruin of this country, yet he can give himself a 12% pay rise during an economic down turn while his very members are losing their jobs.

      Two faced fucking twat. It’s such a shame that so many buy into the lies he peddles about the economy.

    • 264
      Anonymous says:

      Good for Cable.

  5. 5
    Billy Bowden is the greatest umpire ever ! says:

    Ok so the Bankers made one fuck up in decades , The fucking goverment fuck up each day!!!!!!

    • 171
      AC1 says:

      They didn’t really start the “Fuck up”, it was inevitable if you understand what the regulator did expanding the volume of credit.

      • 602
        bankers aren't fucking children. they are responsible for their disasterous gambling says:

        the regulator failed by allowing the credit ratings agencies to label shit as AAA+

        the regulator didn’t force the banks to overleverage themselves or make bad bets, they did that themselves for easy profits and bonuses

        the weakened regulation may have allowed them to gamble more money but it self evidently didn’t force them to do so
        it was their choice

        abdicating responsibility for the bankers own greedy incompetent actions is spurious nonsense

        • 630
          No - I'M - Anonymous says:

          What’s incompetent about maximising your profit whilst operating within the margins permitted by the law of the land?

          Reckless, perhaps – but very, very competent at their jobs.

    • 239
      Anonymous says:

      Er….history shows it happens all the time – every 5 years or so…take a look at any long term graph of FTSE for the proof and history for Victorian crashes, back to the South Sea Bubble…

    • 267
      Anonymous says:

      One fuck up in decades? Fuck off!

    • 284
      Anonymous says:

      Maybe governments are better than you give them credit for.

      If spivs could have taken advantage they would have done.

  6. 6
    The Watcher says:

    If Cameron doesn’t rid the coalition of stupid Vince and stupider Huhne, the coalition will not last another 12 months. All the Tories I know who were prepared to give benefit of the doubt to the coalition are now saying Cameron is a poor judge of people and an even worse leader. Where IS Cameron by the way?

    • 35
      Unelected emperor Herman van Rumpypumpy says:

      “Where IS Cameron by the way?

      He’s at my feet, handing me another £45million of your money. Like he does, every day.

    • 96
      Mr Ned says:

      It is traditional for each party to keep a low profile during the party conferences of the other parties.

      It is a tradition that the tories and the lib-dems keep to, but in recent years Brown decided to use these weeks for appalling photo-ops and electioneering.

      • 141
        GypsiesTrampsandThieves(AndSpivs) says:

        What a cad, not playing by the rules.

      • 285
        Anonymous says:

        Is the silly Hunt still prostituting himself in America (where it ALL started) for a job?

        Did anyone tell him? If the Queen can’t be trusted to keep ex-PMs in check who else can?

        Does he enjoy embarrassing the UK?

        • 632
          No - I'M - Anonymous says:

          He’s still stinging from the national humiliation which his beloved Alba suffered in the Act of Union – when it was forced to go cap in hand to its southern neighbour after its Imperial ambitions crashed and burned in central America.

          Look up the ‘Darien Scheme’ and imagine how it must have felt to be a Scot, ruined financially and forced into marriage. No love there.

  7. 7
    Vince Cable says:

    I hereby resign to spend more time with my pot plants.

    • 39
      A spokesman for Comrade Vince's pot-plants says:

      No! Fuck off you old loon! We don’t want you around here. You scare us!

      • 303
        Call Me Dave says:

        He does and it takes the heat off the useless and pro-Europe government we are ploughing ahead with.

    • 104
      Capt. Shadow (Retd.) - Former MI5 Wet Ops. Team says:

      Dangerous places, Old People’s Homes – residents are always having nasty accidents.

      By the way, can I give you a hand down the stairs, Mr. Cable?…

  8. 8
    All Lib Dems are tossers says:

    Vinny Cable = Arsehole in Chief

  9. 9
    Edna Sharples says:

    On the contrary, you are totally wrong. Most people think bankers and city folk are gamblers and spivs. So Mr Cable is only repeating what most voters think anyway.

    • 68
      Fubar Saunders says:

      And who says the sheeple have the capacity for rational thought? Most of the fuckers dont know their arses from their elbows. Especially the 30% who keep voting for that quasi-socialist pack of shit on the opposite benches.

  10. 10
    fernando's pants says:

    What reputation do the coalition have? I’m not sure they’ve been in power long enough to have earned a reputation.

    • 45
      Useless Fat-arse Eric Pickles says:

      It’s a negative reputation, and getting more negative by the day.

      It’s like we’re actually trying to get Labour re-elected.

      Right, I’m off to concrete-over something beautiful. Ta ta!

      • 287
        concrete pump says:

        Did someone mention me?

        My stained boxers are still available – £5 a sniff.

      • 544
        ExVoter says:

        Do you mean concrete over some where like Ilkley?

        Seems that Radio 2 even featured it in the big business corruption discussion on Vine’s show.

        Pickles wake up; call the Ilkley superstore in. There is huge local opposition. I’m not against the store, only the size and the new location. It will see one of the last sites in the town divided up and sold so there can never be any competition. That means Ilkley will be a one store town forever.

        The impact is significant when the store trading figures dwarf the sum of the whole of the rest of the town! The impact is significant when the only site for competition is divided up and sold in a manner that the land can never be used for other competitive store to keep the prices down.

        If London had a hotel built that had as many rooms as the sum of all the existing hotels, then this inspector thinks that the impact on London would be insignificant. Can I ask how big would it have to be to be significant?

        The size of the store is clearly larger than needed for the ribbon catchment area (Narrow Valley down side of Ilkley Moor.) But it has to be that big to force the use of the new site so that competition can be halted in its tracks.

        Look at the store plan; huge areas are not assigned for retail. It is just space filler to make the store building bigger. Look for the customer support and entrance area that are not counted in the trading floor area.

        Also the planning inspector intimidated the audience illegally by demanding them sign and address a passed around list. This was immediately notified to the planning inspectorate who confirmed he was out of order.

        The inspector then intimidated the poor person who complained by demanding they come forward on the second day.

        Then the Supermarket QC woke up and let out a well rehearsed tirade against the locals after some purposefully inflammatory statements. The majority of the locals then realized that they had no roll in the proceedings.

        However, the inspector concluded that there was no local support for the opposition group! How could he come to that conclusion? There was no evidence, except the attendance list which is optional.

        6000 petition and 2000 letters of objection and a trust in the system was all they had. Seems it was not enough when it comes to the corruption of big business.

        Why is it that locals can not use experts? Why is it that they are given a choice to be cross examined, but when declined their evidence is ignored?

        Who would have wanted to be cross examined by someone who thinks a industrial estate consists of one office block and one tin shed? You can not include the building you are proposing to knock down in a description of the area. Seems to have ignored the rows of terrace houses. But then the plans were wrong and had the houses in the wrong place and trees drawn where they should have been.

        He also does not know the difference between walking to shops for daily milk and eggs etc. and car shopping for weekly provisions. Something the inspector just repeated without thinking in the report.

        People walk up mountains but you don’t expect supermarkets at the top. You also do not expect Government Civil servants to ridicule 80 year old locals for telling the truth. But then he was just cutting and pasting the superstore’s QC closing comments.

        Pickles he works for you! Make sure he never does in future.

      • 564
        Susie says:

        For your information, Eric Pickles has saved 4 places within 5 miles of where I live from being concreted over.

        He did it on his first day in office too. Get your facts straight townie.

  11. 11
    Billy Bowden is the greatest umpire ever ! says:

    Tim Lovejoy is not a legend he is a fucking Loser !!!!!!

    • 367
      Sir Stuart Bell-End MP says:

      Serves him right for stealing my wonderful catchphrase!

      Right- I’m off to not represent my constituents’ interests once again!

      Ker-ching!!!!

  12. 12

    he is beyond a joke. he does not even know what ideology he is trying to articulate – typical limp dim. totally out of his depth in Government as so many have been warning.

    http://cityunslicker.blogspot.com/2010/09/vince-cable-howls-at-moon.html

  13. 13
    Brillo at his best says:

  14. 14
    Anonymous says:

    You fall for this clever quasi free frolic, which is little more than an exercise in showing how the liberal half of the partnership is looking after the left’s interests. Interesting though if there is a move to introduce new anti monolopoly competition to see how that will be perceived by the Murdoch empire.

    • 56

      When he says anti monopoly he is talking about SKY. he thinks Murdoch has a monoploy. i doubt he feels the same way about the BBC.

      • 108
        Mitch says:

        Interesting comment by Lord Puttnam when asked if he thought Murdoch interferes in Sky editorial policy:

        “No, but he could.”

        *sigh*

        The real problem is he’s not the left’s son-of-a-b*tch.

  15. 16
    Bonny Tiler says:

    tHIS IS HOW SOME arsehole who sucks at the public sector tit views those who earn the money that pays his wages

  16. 19
    Anonymous says:

    As someone said on another site “Once a Socialist always a Socialist” Wince baby,how very true!

  17. 20
    sockpuppet #4 says:

    Big violins out. I’m sure they’re all really upset.

  18. 21
    Dy Anne Flab Bott says:

    Rice pea.

  19. 22
    sir spivington-spiffer says:

    just do the opposite of what cable says and you should be ok,which means he must be a nu lab stooge

  20. 23
    genghiz the kahn says:

    On the way to the shredder, or Hay on Wye?

    http://www.bbc.co.uk/news/uk-england-berkshire-11388534

    Miles of mirth.

  21. 24
    Dy Anne Flab Bott says:

    R-i-c-e and p-e-a make me feel ireee.

  22. 25

    I’ll make a statement about this at 3.47 and 52 seconds. First, fizzy orange time.

  23. 26
    Tom says:

    You can still get very generous odds on Cable being the next to resign at Smarkets.com http://smarkets.com/politics/uk/next-government/next-cabinet-minister-to-leave

  24. 28
    Anonymous says:

    Here hear Vince!!

    There hasn’t been nearly enough banker bashing for my taste, I’d like to see gangs of thugs searching for these fucktards and administering some real banker bashing with baseball bats, koshes and knuckle dusters. Or throwing them off the top of their ivory towers in Canary Wharf and the city would be even better.

    • 44
      Selohesra says:

      I think you mean “hear, hear”

    • 65
      Mr Ned says:

      Agreed!

    • 158
      AC1 says:

      Can we actually Bash the regulators who really caused the Credit Bubble?

      Or are you going to behave like obedient rubes and believe everything AlJaBeebya tells you to believe?

      • 230
        rat-a-tat tat says:

        said the obedient rube

      • 245
        Anonymous says:

        They’re equally to blame, it was obvious what was happening.
        If the Bank and the Treasury are as clever as they seem to be I can’t understand why they didn’t do something about it.

        Unless they had other reasons?

        • 282
          AC1 says:

          Well they bailed out the Politically connected Bondholders and claimed it was the benefit of the public which is frankly a lie.

          • Anonymous says:

            There are plenty of other lies that need exposing too AC1.

            Wish to start?

          • smoggie says:

            How much debt has the UK?

            What piffling percentage of that comprises the bail out loans (most of which has already been repaid)?

            Governments have been finding scapegoats for their financial incompetences for centuries.

          • AC1 says:

            Well the most important lie that needs exposing is that the government can spend money better than the person who earned it.

          • AC1 says:

            The next lie that needs exposing (especially at the BBC) is that extortion funding (tax) is moral yet reciprocal benefit (capitalism) is somehow dodgy.

      • 323
        Anonymous says:

        Bash yourself you idiot.

      • 605
        your wish shall be granted soon enough says:

        good to see AC1 calling for more regualtion by blaming the regulators for not regulating the bankster fraudsters

    • 404
      Anonymous says:

      Fuck off you false white flag idiot.

      You are AC1.

  25. 29
    the last quango in paris says:

    replace him with laws pronto – the ‘spivs’ dont care about expenses they just want someone intelligent to deal with.

  26. 31
    Dazza says:

    The I see St. Vince on the TV, the more I think he is out of his depth…

    Will Cameron read the riot act to him? Probably. Will he sack him from Cabinet? No way! What is it they say… ‘Keep your friends close and your enemies even closer’?

    What other gems would Cable come out with if he was cut loose. At least Cam as a bit of a rein on him at the minute…

    Perhaps the real guy who should get the bollocking is Clegg. He needs to get his troops in order and get them towing the coalition line. It’s what they wanted after all.

    (Or is Vince being directed by Hughes?)

    • 99
      A Pedant Writes says:

      It’s toeing the line, dear boy.

      • 331
        the fuckwits still don't get it says:

        number 10 not only approved but are spinning FOR the speech

        • 406
          Anonymous says:

          You corporatist / capitalist arseholes still have a problem.

          Ever tell your offspring how fantastic you are in business, what you really do?

          I bet if you told them the truth they would be really impressed, proud and jealous of your ‘power’.

          You don’t tell them the truth do you.

          • AC1 says:

            Haha, an Anonymong is showing his ignorance.

            Anyone who owns a business knows who has the real power.

            It’s the customers!

            In the extortion funded sector (public servants ha!) who has the power? It’s the bureaucrat, not the person requesting them do something.

    • 240
      Maximus says:

      If Cable were outside the tent, I see a receding zigzag course into the wilderness, rather than an arson and alarums.

    • 268
      Only Spivs Like Monopolies says:

      Why would Cameron read the Riot Act to him? This speech was cleared beforehand by Number 10.

  27. 32
    Mad Vinnie says:

    My name’s Cable
    The City’s a Tower of Bable
    It’s time we disable
    ….but I’m unstable

  28. 33
    Maff says:

    None of us want unbridled capitalism (remember slavery?!) nor complete socialism. Cable says we have gone too far one way. I agree.

    • 51
      the truth says:

      Unbridled moron,
      slavery hasn’t been legal since the 12th century.

    • 156
      AC1 says:

      Owning Slaves is just a definition of earning an income while providing nothing in return.

      You can see from this that Marxism is a form of slavery.

      There is an option of Traditional Capitalism (Adam Smith) and taxing away rent seeking (of which Slavery and Marxist progressive taxation are synonyms). You do this by taxing the monopolies the state creates, such as Artificial Legal Entities, Patents and Land Rights to fund a small focused state.

      • 326
        Reagan greatly increased the size of the State says:

        tell it to Ross Perot and his moonbats

      • 415
        Anonymous says:

        Instead of owning the slaves you own their means of production.

        How great! You must be so proud of yourself.

        • 575
          AC1 says:

          I am proudly capitalist (Actually I’m a Georgist). A system that has improved the lives of billions. I am strongly anti-anti-capitalist as they tend to be rent-seekers who forcibly remove choices from others and have the sheer nerve to claim it’s for their benefit and charge them for it.

          The Marxist instead of owning the slaves calls them comrades and owns them by specifying where they work, what they do, where they live, what they eat, what they can buy, where they can go, what they can read, what they can say. They will also punish the children of the successful.

          There’s only one way to own the means of production and that’s to remove peoples choice and that’s what marxists do as demonstrated above.

  29. 36
  30. 40
    John Prescott says:

    For that which if I may but must stress and that therefore is very important but what I mean because it being which of that we declared and in doing however yes.

  31. 43
    Raymond Luxury Yacht says:

    Dear me, people do get upset over harmless political rhetoric. Let the lefties have a bit of fire and brimstone, that’s about all they’re gonna get out of this government.

  32. 47
    Billy Bowden is the greatest umpire ever ! says:

    33-1 , Davies gone

  33. 48
    Sadiq Khan says:

    Bud bud, ding ding.

  34. 49
    Sleepless in Kirkaldy says:

    I don’t know whether to laugh or cry. It is classic pass the parcel with a bomb. The bank bailout converted bank debt crisis into a sovereign debt crisis. Now the only way out of that is to tax the productive part of the economy into the ground: we cannot tell the part of the electorate that live of our hard work to expect less, can we: if we do, they’ll vote Labour and kick the government out next time. Except they will anyway. So we have 5 years to cut state spending hard and stop expecting middle and upper earning taxpayers to pay for everything the lower demographic want. I pay so much tax it hurts but I still cannot afford to make decent pension contributions, save for university & weddings for my kids and have something left over for a rainy day. And apparently I am immoral for trying to manage how much tax I pay. I am not immoral. I. Have. Just. Had. Enough.

    • 55
      Ed Balls says:

      So what?

      • 69
        Sleepless in Kirkaldy says:

        In the sense of Who Cares? Ok, probably nobody. But government should care about the balance between how much people are prepared to pay against how much people want. I thought that Conservative led government would be clearer about this. Perhaps politicians just care about the spend bit now. In which case we are knackd

  35. 57
    Bluehorseshoe says:

    Cable is a lightweight and out of his depth, pure and simple. For all the garbage about his “sage” like qualities it has become apparent he lacks the 2 things required by a minister of state – Gravitas and competence.

    About time he was exposed for the fraud that he is…

  36. 62
    Billy Bowden is the greatest umpire ever ! says:

    Cable is so last year

  37. 64
    Cato Street Conspirator says:

    ‘Such an absurdly insulting dismissal, that tars a whole industry as criminals, would look dreadful coming from any Cabinet minister, let along one responsible for representing the government to these very spivs.’

    Talk about false outrage. These people are spivs, sets of people shuffling around bundles of nothing and taking their rake-off in the form of cash. As I said on an earlier post, they remind me of my Uncle Tom, a ne’er do well who spends most of his days chewing a biro in the betting shop picking ‘winners’. The only difference is that at least he loses his own money.

    • 174
      They are lucky its only name calling says:

      They are fucking CRIMINALS, fuck em.

    • 242
      Moley says:

      The investment bankers even use betting terminology to describe their activities.

      e.g. “taking a punt on oil”.

      • 422
        Anonymous says:

        = making everyone else pay for their luxury lifestyle.

        A lifestyle in which they don’t risk any of their own money.

        How brave! Hunts.

  38. 70
    Margaret Moran says:

    Spare some change, guv?

  39. 83
    streamfisher says:

    “For a few cheap laughs and claps in a hall Cable has done untold damage to the Coalition’s reputation”. No he hasn’t Guido, he’s just reinforced peoples suspicions that he was and is an opportunist Clown, one minute a capitalist and thee next a communist, come on Vince, which are you?.

    • 173
      Who's our leader says:

      Vince is like the general population, one time he is a lib then a commie, the population are the same and will love him for it.

  40. 87
    Di Ann Fat Butt says:

    Feed me.

  41. 88
    Nameboy says:

    Why doesn’t Vince change his name to Don Kiddick, it would be far more fitting for a man of his gravitas

  42. 89
    purpleline says:

    If Cameron wants to go down as the real leader this country needs, he must come out and say Vince Cable dof time to go old chap.Switch the Scottish geezer with the Beaker features and bring back the Poof Laws as Biz sec

    • 426
      Anonymous says:

      Wavey Dave will have to do a lot more than that.

      He might even have to have a sense of nationalism and tell the EU and their greedy grasping financial controllers where to go.

      He won’t, he didn’t, he can’t and he never will.

      Can a proper Englishman PM please stand up?

    • 478
      North, but not Scotland says:

      While you’re at it, can we have Bez as Bez sec?

  43. 97
    Kered Ybretsae says:

    Many years ago when I was a young lad of 17. We had a bowler hatted Marketing Director, who admitted to being a closet communist. Years later he came out as a Liberal Candidate for a London constituancy.
    So perhaps these guys may come out of the closet to reveal their true thoughts.
    If they know the meaning of TRUE that is.

  44. 98
    gildedtumbril says:

    Cable is simply a god old fashioned 24 carat traitor. Whether he needs tarring and feathering, hanging, or hanging , drawing and quartering is a moot point. I believe he has earned the distinction of meriting all three.
    And, can someone not explain the difference to the liberaldummie dhimwits,between tax avoidance( widely enjoyed by Mps) and tax evasion also widely enjoyed by them, the bastards.The former is legal, the latter is criminal.
    Bastards all.
    I have to confess I am not too awfully fond of them.

  45. 105
    the beast of clerkenwell says:

    No free schools unless they are charity ones and include the word “Poor” in the name
    Reduce the school leaving age to 12 for imbeciles (Labour voters)
    Re open the mines (we need them)
    Compulsory starvation for all vegetarians
    Zero tax on alcohol
    No “modern” buildings
    Stupid working class children to learn a trade rather than learnring where to stick a dildo or havinfg rap lessons
    Burn kiddie fiddlers at the stake
    Crucify any “public servant” who doesnt empty bins, mow grass in public spaces or sweep the streets and cancel the pensions of the remaining ones
    More public toilets with the proviso that if you are caught having sex in one you are hung by the neck and left to rot as an example to others
    Any homo is shot on Hamstead Heath by volunteers who win a raffle (and then they get to keep the rifle and the skull of said poof as a trophy)
    Stag hunting in Hyde park
    Even better Arabs
    The BOC party manifesto

    • 111
      fernando's pants says:

      No “modern” buildings, you sound a bit Prince Charlyish there Mr Beast. The stag hunting in Hyde Park sounds fun but would be improved if we could swap the stags for chavs.
      Chav hunting with hounds and fully automatic weapons….mmmmm!

      • 157
        Unsworth says:

        Full auto is far too easy. Single rounds, or bolt action would be slightly more entertaining and/or challenging.

        • 193
          the beast of clerkenwell says:

          Agreed
          A nice bolt action to despatch poofs
          I would make it even more fun by strapping the sodomite to a wooden stake and then issuing 3 rounds to the shooter
          600 yards (not metres) to hit him
          If it was a miss the pervert would be released, then chased by hounds and have to face men with shotguns who would try and prevent him from reaching the finchley rd
          Should the sodomite survive he could go free unless caught a second time where he would be run over by a Range Rover (or dragged to death, either works for me)

          • Hunter says:

            not into the dragging, it ruins the meat for the hounds

          • Vince speech full text says:

            Well the full text of Vince’s speech went straight into mod, no surprise there. So in the meantime here’s the link to it, as you will see its not the same picture painted here.
            http://www.guardian.co.uk/politics/2010/sep/22/vince-cable-full-speech

          • Bolshi Bastard says:

            still no sign of the full text, puts Fawkes on the spot.

          • Unsworth says:

            Always liked the Bren on Rounds – 7.62 or .303. Lovely, virtually recoilless with the gas setting properly adjusted, splendid accuracy – even at 800 yards – on the bipod legs. I can still feel and hear the quiet snick of the rear drum sight and the click of the barrel lock. Altogether nicer than the GPMG. Nostalgia, eh?

          • LOL Unsworth – there’s not much skill in popping a fairy with a Bren, even at 600 yards.

            Now a nice Lee Enfield, or even better the WWI Mauser, with open sights…

          • Unsworth says:

            Short Lee Enfield had a nice bolt action, but not much else to commend it. Even the extended magazine was too small, and unless you had decent quality rounds it would jam once in a while – then there was the whole business of using the extractor. I’ve still got my tool kit. I shouldn’t think there are many proofed Mausers around these days. But either of these would do, I suppose. Each to his own.

    • 145
      Backwoodsman says:

      Beast, calm down , you’ll get this site a bad name expressing sentiments like that – Polly ‘n that lot will accuse us of being nasty ruff right wingers again. You must learn to disguise your true feelings, Greenhopper – bit like old vince really.

    • 170
      caesars wife says:

      put it on your pledge card Mr beast

    • 441
      Anonymous says:

      You got my vote.

  46. 106
    I hate New Labour says:

    Non-story, just the 70s repeating themselves.

    Just need to find out who the Jim Slater equivalent is.

    Remember, spiv is spelt entrepreneur.

  47. 107
    Lydia Dustbin says:

    Vinnie sounds like he’s coming out of the closet and in the process of morphing into a leftie dinosaur.

    Cameron should put him charge of paper clips and stickit-notes pronto.

  48. 115
    Mahatmah Coat says:

    I have a feeling that Vince is wearing a rubber mask and, any moment, he’ll rip it off and reveal that he’s really Neil Kinnock.

    • 257
      Man in a Rubber Mask says:

      Well allrrriiiiiiiiiiiiiiiiiiiiiiiiiggggggggggggggggghhhhhhhhhhhhhhhhhtttttttttttttt!!!!!!!!!!!!!!!!

      • 319
        The Cornishman says:

        Just this way, Mr. Cable, this way! That’s lovely. Just a bit more towards the water’s edge: now, look this way and smile triumphantly…
        What a picture!
        Thank you Mrs. Cable, Mr. Cable.

    • 419
      Unsworth says:

      It’s a gimp mask. Nobody looks like that really.

    • 497
      Anonymous says:

      Rubber mask? I have the same feeling with Cameron.

  49. 117
    albacore says:

    Don’t know about the spivs at the top of the banking forest, but the High Street roots need a right hoeing out.
    I went into one of the big-however-many-it-is-now yesterday and had to queue for twenty minutes to get to one of the tills.
    Four tills, two manned. I started muttering loudly to the next sheep in the queue.
    Problem solved. Not. More tills opened? Nope.
    Management sent a portly lady to apologise individually to each waiting customer.
    The hot-shots must all have been at the Lib pantomime.

    • 159
      Unsworth says:

      The Fat Controller, obviously.

    • 167
      Blagger says:

      Funny I get sorted straight away

    • 255
      Dack Blog says:

      That’s corporatism for ya. Profits before service. The first thing to be cut = employees. Hence the self-service tills in supermarkets and B&Q. I asked for a discount for serving myself but no joy.

      • 498
        Anonymous says:

        I avoid Tesco and the like as often as I can. Going out of my way to prevent the tossers in Tesco Towers getting any of my money is more than worth the extra walking.

        Fuck corporatism and fuck capitalism.

      • 573
        AC1 says:

        If customers prefer lower prices to higher service then it’s good that less tills were open (of course if you’re on say 30 quid an hour then that wait cost you a tenner).

        I personally shop when others don’t so I get lower prices and mostly good service.

        The alternative is of course Post Office style “services” whereby you get poor service, crap opening hours, unfriendly staff and it’s expensive to boot.

  50. 118
    Anonymous says:

    The spivs and gamblers in the city might be a bit pissed with him, but the other 59900000 of the UK population are pretty much in agreement

  51. 119
    BillyBob - Ooman Rights Legislation, just a load of bollocks!! says:

    Mr Cable is a very naughty man, I can only assume this outburst was because he failed to take his philisan tablets this morning or had one too many sips of Sanatogen Wine

  52. 120
    genghiz the kahn says:

    On BBC News 24 there was an interview with Gordon Brown on ADHD.

    The poor bastard must be wondering if he should have changed his name to Tony Blair.

    http://www.adhddirect.co.uk/1.html

  53. 123
    If wishes were horses,beggars would ride says:

    It will be very difficult for Cable to continue as Business Secretray if these ARE his personal views although of course that may have been his intention ..a reason to resign from the government and coalition.

    Expect some behind the scenes manoeuvering with No10 seeking a dialogue .Will Saint Vince stick to his guns ,issue a “clarification” or walk ??

  54. 124
    Quango says:

    “Such an absurdly insulting dismissal, that tars a whole industry as criminals”

    Really Guido, oh how very dramatic. I’ve just read the speech, he didn’t say the whole industry were criminals. You’re just spinning a line.

    You’re “I’m not a Tory line” is a joke.

  55. 128
    Sir William Waad says:

    Cable did rather telegraph his intentions.

    • 336
      Empire News says:

      Telegraph? Telegraph?? Good Heavens! What’s wrong with Semaphore, or those damned mirror-things – helio-something -? Come to that, I always reckoned that there was nothing more reliable than a Native bearer. But I always made sure I supervised cleaving his stick.

    • 383
      Lil Olmey says:

      I hear the Jockanese have invented a new sport.
      It’s called Tossing the Cable.

  56. 129
    13eastie says:

    He’s apparently been thoroughly pissed off about being given a position in the cabinet ever since he was sworn in. He’s sulking has been on a par with Gordon’s since the election.

    The LibDems’ electoral prospects would be better were they not to have a conference.

    What do they actually expect voters to make of their hippie teachers / councillors / social workers seizing the mic to pour out their ridiculous alliterative similes and breathtaking economic ignorance (How have the banks caused a structural deficit? And did we really use to have a 100% deficit?) all over the airwaves?

    Does Comrade Cable really think these are the movers and shakers to whom he must appeal? These fuckwits who want to see taxable profits abolished and spending lunacy perpetuated?

    Bashing bankers and making up silly lies about capitalism is his lame little way of being anti-establishment without contradicting any policy messages.

    He will never wind his neck in, so it’s better that in future he mouths off from the back bench political grave yard to which he must now be sent.

    Sack this twat, Dave!

  57. 131

    You can’t help but wonder just how far Vince Cable will be allowed to carry on before he gets the push?

    Or maybe he’s waiting to cut a deal with whoever becomes the new leader of the Labour Party.

    • 164
      Bluehorseshoe says:

      Odds of Cable the next minister to go just jumped to 25% on smarkets.com

    • 165
      Give a man enough rope....... says:

      Cameron’s in a difficult position with this.Firstly he can’t allow a Cabinet Minister(who officially represents the government) to talk in these terms.In normal circumstances Cable would be asked to either issue an apology/clarification or consider his position.However I suspect that Cameron’s hands are tied under the Coalition Agreement and that it is now down to Clegg to publicly rebuke Cable for his ill considered comments and get him to withdraw them and issue a clarification(I doubt Vince will issue an apology). But the bottome line is that if he will not “clarify” he has to go whatever the consequences to the Coalition as if he remains he brings into question the PMs authority.How can business and the banks work with this man after to-day ??

      Cable has been an accident waiting to happen ever since he was appointed a Minister.It’s obvious he’s not happy that the LibDems are in partnership with the Conservatives and would much prefer to be with Labour.

      This is highly damaging and we have not yet felt the full force of the reverberations.Cable may just have overstepped the mark

      • 189
        The BBC says:

        we are furiously scripting to promote king vince for the late news

      • 421
        keep clutching at straws, the coaltion is going after the banksters says:

        “Firstly he can’t allow a Cabinet Minister(who officially represents the government) to talk in these terms.”

        He not only can but he did

        He saw and approved of the speech last night

  58. 132
    Nameboy says:

    I know there is a bit of faux outrage about Cable’s comments, but it is fucking bad when the Business Secretary comes out on the side of the commie bastards.

  59. 136
    MC Cable says:

    I’m MC Cable
    The one they talkin about
    Brother tried to make a speech
    But didn’t luck out
    I got an uzi in one pocket
    A Tec 9 in the other
    That’s why they all say
    “That Cable is a bad motherfucka”
    Economy’s in the shit
    I came to save the day
    I wanted to be chancellor
    But it didn’t go my way
    I think it’s time to go
    I need to split
    This political game
    I’m too old for this shit

  60. 140
    Cable is an arsehole says:

    Cable doth protest too much, what is he hiding? There must be something in his past that he’s afraid of. Come on journalists get digging there must be a juicy story here somewhere.

  61. 143
    National Labour says:

    Vince is our insider.

  62. 144
    A Spiv says:

    Fuck you Cable, I pay more income tax than you earn, I waz all my money into the local economy, what more do you wnat from us?

  63. 146
    BreakOutTheArmsAndAmmo says:

    The revolutions here

  64. 148
    Chaos Factor says:

    Oh Yea the coalition is fucked. All hail Vince cable.

  65. 149
    Speakes with straight tongue says:

    The bankers and the Hunts in the city are a bunch of criminals

  66. 151
    Nick Leeson's big game says:

    Spivs in the city? Wasn’t Fawkes one of those before it all went tits up?

  67. 155
  68. 160
    Drunk lawyer says:

    I think you’re making a mountain out of a molehill here, Guido. If the bankers are upset by Cable’s comments, so what? They’re well-educated enough to realise that he’s been marginalised in the coalition, has zero ability to set policy and is merely churning out populist rhetoric because he’s been reading the Guardian too much. There will be no exodus of banks to Zurich or the Far East because of the comments of the Business Minister at a party conference. And it’s not as if business is going to run into the arms of a Labour party which is moving leftwards, is it?

    All that’s happened is that Vince has again demonstrated himself to be verbose and self-regarding.

    • 182
      Sir William Waad says:

      Quite, What matters is what Gideon and Beaker think. Vince is effectively on the dinner circuit where he can sound off to his heart’s content.

    • 286
      AC1 says:

      HSBC* is gearing up to really be the HKsbc…

      *Declaration I’ve been accumulating HSBA.l shares on the dips.

  69. 161
    Gordon Brown says:

    I’m horny, horny horny horny. So horny, I’m horny horny horny tonight.

  70. 169
    Mr Plum says:

    Just stumbled upon some of his old speeches

  71. 175
    sockpuppet #4 says:

    Bank of England considering QE according to a couple of news outlets. (and by the look of the £)

    What shall we call them?

  72. 176
    Roger The Cabin Boy says:

    The Guardian has been caught lying red handed in the past.
    http://www.snopes.com/radiotv/tv/pugwash.asp

  73. 177
    Spank Sinatra says:

    I have to side with Guido on this – there is no absolute right for London to remain the world’s financial capital. Love ‘em or loathe them, they are free to leave when they wish. Every major world capital is wooing them (including the ‘spivs’) to set up shop elsewhere. If one combines unpleasant rhetoric with other regulatory measures which cumulatively makes them gradually quit, where are we going to get the wealth that they currently generate ffs? It’s yet another inconvenient truth.

  74. 178
    Circus Tipriot says:

    Sorry, I missed the bit in the speech where Vinny Livewire outed David Laws’ dad as a spiv.
    Also, you seem to have missed the bit about how the Tories are just as keen on the EUSSR as Cable.
    But they’ve got it over at The Slog….

    http://nbyslog.blogspot.com/2010/09/tory-leadership-plans-quiet-party.html

  75. 185
    do not feed the mongs says:

    None of you will get to decide anything.

  76. 190
    Calm down... says:

    Me thinks this falls into the “calm down it’s only a commercial” moment.

    As Cable rightly points out it was Adam Smith (oh yes, the same Mr Smith that most business leaders refer to as THE economic god) that said “capitalism takes no prisoners and kills competition where it can”.

    If Guido would be less disingenious and quote all the speech instead of cherry picking bits we could have a sensible discussion on this.

    And another thing, that Michael Winners is a pain in the arse….

  77. 195
    Corrupt Cable says:

    Evidence is emerging that Cable may have a secret off-shore fund. This is why he is attacking business and banks. This relates to his time at Shell.

  78. 198
    caesars wife says:

    Interesting take on it Fawkes , rather surprised vince didnt investigate how much gdp comes from the city despite the ruins best efforts to send it into a black hole , it perhaps was saintly in image purposes despite the cities error in allowing 50% of the UK banking sector to become nationalised , however considering british banking still has a good reputation he perhaps should have made a less distinct attack being as the recovery is far from solid and the banks have a slightly more powerful role than politicos in ensuring the repairs are good and the public understands the finance sector has understood its error .
    Nick Harvey wasnt much help bad chip played by him .
    Capitalism may well not be perfect but it always has the ability to renew its self and share growth in a very much more broader sense than socialist constructs , it does of course require freedoms and responsibilities , he perhaps may have pondered who it was who dissolved the morals of UK banking into sociaisit spiv election booster let alone gold sell off for banking friendly paper deals .
    The speech was apparently Ok by no10
    Cw notes the banking crisis began in 2007 has he forgot were 3 yrs on from that .

  79. 199
    Spark says:

    Vince cable has short circuited and popped the ConDems fusebox

  80. 200
    Ian Huntley says:

    I should’ve been a banker and I could’ve got away with anything…

  81. 202
    Ian Huntley says:

    There’s not much difference between me and speculators – we just can’t help ourselves…

    • 213
      the beast of clerkenwell says:

      You did take an early bath didnt you?
      Shit speculation
      On a positive note Man U had to change their shirts yet again so sales rose

      • 356
        Corruption Is Widespread says:

        Man Utd needed to service the interest on there debt the Glazers put them in hence the shirt change.

  82. 206
    Quango says:

    testing testing 1 2 3

  83. 208
    Observer says:

    Cable has not damaged the Coalition’s reputation.

    Cable is regarded as the Coalition equivalent of Prescott – there to be humoured and tolerated. Cable has never had a reputation in The City other than as a fellow with a smallish member and a big chip on his shoulder – the two are connected.

    • 288
      John Prescott says:

      Fook off. That baldy twat is an amateur when it comes to making cock-ups, causing embarrassment and being thick, corrupt and ignorant. Prescott is top boy.

  84. 209
    Tony Soprano says:

    The jigs up

  85. 210
    Moley says:

    Not as silly as it seems.

    How will labour differentiate themselves from Cable’s (supposedly Liberal Democrat) views?

    Will it force them further to the extreme left, or will they have the sense to endorse everything he says as good socialist policy, thereby confirming that the coalition are closet Marxists?

    • 219

      Ed Miliband agreeing with Cable doesn’t make the coalition Marxists. Anymore than Cameron agreeing that Trident is a bit pricey make him a unilateralist.

      Labour agreeing with Cable, if that meant anything at all, makes Cable a Lefty.
      Not exactly ‘breaking news’.

    • 316
      Dave is an EU Baron says:

      How can you just be a closet Marxist when your big election gimmick is Saul Alinksy’s Community Organising?

      Remember the cheers from the Labour benches when Theresa May announced we had signed up to an extension of the European Arrest Warrant? They are all Marxist EU Barons.

  86. 211
    Tapestry says:

    Call me a spiv. I don’t care. I have to invest money for future security like everyone else.

    Cable is either a genius making finely tuned political calculations, or a total idiot. He seems like an accountant who’s been promoted to the sales office, without going on a training course beforehand. He moves into the future looking backwards into the past, hoping to find resonance with public prejudices.

    More a curiosity than anything else. A throw back to Denis Healey. He’s out of era with a politics riding on a tide of jealousy, giving no pretence of taking responsibility to bring optimism. A small man with a small mind who wants us all to fail. Bring back David Laws urgently.

  87. 221
    Isambard Brunel says:

    Give a criminal enough Cable, and let him hang himself.

    Cameron is no fool. If Cable makes a sufficient fool of himself, he will vanish in a ‘crisis of conscience’..to spend opre time playing with himself, his family, or the labour party. Whichever one will have him.

    Now, when does Chris Huhne get to be a pubic spectacle?

  88. 222
    Chris says:

    He’s a knobend.

  89. 224
    Chris says:

    Sorry – to be more specific, Cable is a knobend.

  90. 237
    Vince Cable's secret off-shore account says:

    You won’t find me I’m buried too deeply but I hope you will try!

  91. 241
    Hedge Funder says:

    Ah. I love the smell of outrage in the morning. Still got more money than all you fuckers put together. Now enjoying it in NY for a while ’til things are more settled back home. See ya suckers.

  92. 248
    Moley says:

    The question that needs to be asked and never is, is this.

    “If an investment banker makes a huge profit on his activities, who’s pocket did the profit come out of?”

    • 266
      Sir William Waad says:

      You’re assuming that wealth cannot be created or consumed. Most people who go to work do both, every day. If you create more than you consume that’s called ‘salary’ or ‘profit’. If this weren’t so there would only be same amount of wealth in total today as there was in 1310 and we would all be completely boracic.

      • 273
        C5 Owners Club says:

        Society is made up of those with a vision of the future, and those that can spot a winner when they see one.

      • 283
        Anonymous says:

        Crap.

      • 298
        Moley says:

        Stock market investment does not in the main create wealth; the losers pay for the winners.

        That is why it is not possible for the stock market (and many other investment vehicles) to fund universal pensions.

        Also, in many cases, the profit turns out to have been borrowed out of the future.
        Any borrowing takes money out of the future, and too much borrowing takes too much money out of the future.

        How much bank profit turns out to have been funded by borrowing?

        • 572
          AC1 says:

          If that was the case then pension could not be funded by any means as the oversized state (and state pensions are a core of an oversized state) is parasitic on the reciprocal sector.

          If you don’t believe that stock markets create wealth, then why not just laugh at those risking their money in this zero sum game and create wealth with your magic money tree.

          That said, Pensions companies are the biggest scam on the planet.

          Get a SIPP, invest it yourself.

    • 299
      AC1 says:

      The pocket of “Avoided Potential Losses”.

      As WW says Economics isn’t a Zero sum game.

      • 327
        Moley says:

        Isn’t it?

        If I pay £10.00 for a hair cut, I have lost ten pounds and the hairdresser has gained ten pounds.

        Some transactions are zero sum and some are not. Our politicians need to work out which activities create wealth and which merely redistribute it.

        I would tend to the view that most (not all) banking activity is economically parasitic.

        • 509
          Anonymous says:

          Hear hear, parasitic is the word.

          bankers – no use to man nor beast except as a means to exploit someone for their cash in order that they can make more money and pocket the difference.

          Socially useless.

        • 571
          AC1 says:

          Nope. There’s still 10 pounds. and you have a hair cut too.

  93. 250
    Dack Blog says:

    Vince should have a ‘Wide Load’ sign on his ego.

  94. 270
    nell says:

    Sky currently running a public vote in vinces’s speech.

    50% think it was very good, 25% think is was good and only 13% rated it poorly.

    So the public seem to have received it well.

  95. 289
    JohnOfEnfield says:

    A “prawn sandwich” moment I suggest.

  96. 291
    Bob Crow says:

    Investment bankers, politicians and other spivs all try to demonise me as the enemy of the people, as if i were responsible for the shit storm that is about to engulf us.
    Are you going to pay the price they insist on, or are you prepared to make a stand for us against them?

  97. 293
    Bob Crow says:

    Inv*stment b*nkers, politicians and other spivs all try to demonise me as the enemy of the people, as if i were responsible for the sh*t storm that is about to engulf us.
    Are you going to pay the pr*ce they insist on, or are you prepared to make a stand for us against them?

  98. 306
    Dave is an EU Baron says:

    http://yourfreedomandours.blogspot.com/2010/09/not-so-much-died-as-was-never-born.html

    “There is a good deal of excitement on certain forums or fora (take your pick, they are both correct) about this article by Iain Martin in the Wall Street Journal. Mr Martin is the Deputy Editor of the Wall Street Journal Europe and used to be all sorts of things in the Telegraph group. In other words, he ought to know about British politics. When it comes to the title of his piece: “Strange death of Cameron’s Euroskepticism” one could argue that the more accurate one of “Euroskeptic critics of Cameron are proved right” does not have quite the same zing to it.”

  99. 308
    sowwy kiddies! CAMERON APPROVED EVERY SINGLE WORD OF CABLE'S SPEECH says:

    “For a few cheap laughs and claps in a hall Cable has done untold damage to the Coalition’s reputation.”

    How do you work that one out Fawkes since the coalition approved the speech ?

    Your petulant anger couldn’t hve anything to do with the fact that you were once one of the useless spivs yourself could it ?

    • 335
      Dave is an EU Baron says:

      Of course Wavous Calamitous Davous approved it. I wish the Coalition propoganda machine would stop doing this good cop/bad cop act as they try to make out the LibDems are the crazy extremists and the Conservatives are suffering for the love of keeping Labour out. The Tories don’t have their hands tied behind their backs – they are crazy extremists themselves.

      • 354
        Jethro, Jethrare, Jethravi, Jethratum says:

        315 – Dave, do keep up: think propagate (than again, perhaps not)… anyway Propaganda is, I think, the word you were searching for: it’s probably First Declension, or something. If in need of a Mnemonic, perhaps, ‘What props up a Goose?’ Ans. ‘A Gander’

    • 339
      Dave is an EU Baron says:

      http://online.wsj.com/article/SB40001424052748704129204575506200346820356.html#mod=todays_europe_front_section

      When David Cameron was leader of the opposition it was the widely accepted wisdom that he would, if he became Britain’s prime minister, have the most terrible difficulties with the European Union.

      Almost unnoticed, his MPs have voted for a list of measures that would a few years ago have triggered full-scale Tory war. There was the expansion of justice and home-affairs powers, involving the extension of the so-called European arrest warrant. The European External Action Service—or EU diplomatic service—was nodded through. New regulations for the City of London require the establishment of three pan-European supervisory bodies. This was accepted by the Treasury and if there were protests from the Conservative benches they didn’t make much noise. A higher budget for the EU has also been approved.

    • 345
      revolting peasant says:

      If bankers really are offended by those comments they need to stop being so bloody precious.

    • 361
      JizzBack Labour says:

      SPLOSH!

  100. 309
    Brown 2 says:

    Clegg has started saying “its the right thing to do.”

  101. 311
    Centre Parting says:

    1. Didn’t some of the Lib Demotwats dosh come from dodgy bankers?

    2. Wouldn’t want to be a Lib Demotwat trying to get new bank account/ mortgage/overdraft !
    Have you ever been refused credit – you have been now!

  102. 322
    Centre Parting says:

    Also wondered if Vince followed through after the sneeze in the photo?

  103. 332
    Arthur Daly MP says:

    Without entrepreneurial speculation, where would we be now?

    • 349
      The Economist says:

      As Shumpeter would say…

      But our Vince has clearly not read Schumpeter…

      Poor thing…

      But Vince should resign NOW….

      Before he discredits the Coalition even more…

      • 395
        preparing the way for a new city crackdown masterminded by Osborne to happen at the time of the cuts says:

        Cameron and Osborne approved of the speech

        • 444
          Anonymous says:

          It’s a shame they approve of the EU as well. Cuts are one thing but slavishly sending hard earned tax pounds east is another.

          They are traitors.

    • 517
      Anonymous says:

      You wouldn’t be dead / in jail for sure.

    • 567
      AC1 says:

      Mao’s China?

  104. 337

    Who cares about spivgate trivia when the real nightmare is unfolding before our eyes: Facebook is down!

  105. 340
    Ratsniffer says:

    St Vincente da Cable – like a lot of his lib dum chums – just cannot shake off his labour roots. When they start ranting about the evils of capitalism, you know it can’t be long before the red flag is unfurled…and the comradely caterwauling starts.

    • 365
      nell says:

      Probably true but it’s confusing the hell out of labour and the militwits.

      How on earth are they going to find ground on which to attack him?

      • 374
        Ratsniffer says:

        Next thing they’ll be tipping out their souvenir chunks of the berlin wall onto the bar table and weeping into their beer….those were the days, Komrades…those were the days…they knew how to keep the plebs under the thumb back then…

      • 451
        EU & me - no thanks says:

        It’s confusing the fuck out of their natural constituency too.

    • 425
      ROFL! says:

      When they start ranting about the evils of capitalism, you know it can’t be long before the red flag is unfurled…and the comradely caterwauling starts.

      • 456
        EU & me - no thanks says:

        I will roll over and let you tickle me Rumpy Pumpy.

        FFS, when is the alleged ‘blue’ hue going to make itself visible and tell the EU to fuck off?

      • 565
        AC1 says:

        Hey I’ve got an idea. Let’s punish solvent banks for the activities of irresponsible banks they can pass the costs onto their customers and as a big regulation it will help block out new competition!

  106. 344
    Banker says:

    It is illegal but its too complicated for the dumb cops to work out how its done.

  107. 346
    Red Trasher Ed Mossad says:

    I have sent a message of congratulations to my Comrade Spivvie Vince

    He is one of US…

  108. 352
    nell says:

    http://news.efinancialcareers.co.uk/newsandviews_item/newsItemId-28430

    Sorry but vince has garnered some support in the financial sector for his comments. And quite a few influential people have not criticised what he has said. The only paper, at the moment, that seems to be attacking him is the DailyT.

    Interesting also that he has just announced that Royal Mail is to be sold off and employees given shares in the same way that John Lewis employees have shares. THe CWU has gone into panic attack mode seeing its chance of a strike go up in smoke.

    Seems to me that vince might be the coalition’s electoral ace card against whichever of the militwit brothers wins on saturday. The militwits can hardly claim that vince’s policies are right wing conservatism can they? Maybe letting him give that speech was a clever political move, hmm?

    At the moment he’s the friendly face of the coalition, facing down those greedy nasty bankers like ‘fred the shred’, remember him? Vince’s use of the word ‘spiv’ fits old fred rather well doesn’t it?

    And just at the moment I rather think vince is the flavour of the day, as far as the electorate is concerned.

    • 362
      nell says:

      Oh Guido you’ve modded me !!! Just because I’m a fan of vince cable?

      Surely not!!

      • 372
        Bunch of circle logic c.u.n.t.s. says:

        Anyone who likes snake oil seller Vince Cable should be banned from expressing themselves. Probably the same fools who fell for phony blair for three elections on the trot.

        • 375
          • nell says:

            The militwits put that together didn’t they?

            That’s about as good as their abject failed poster ‘ don’t let him take us back to the eighties’ isn’t it?!

            The militwits aren’t very good at connecting with the electorate are they? Rather like brown.

        • 381
          The Grand Master of the Confederation of Snake Oil Salesmen says:

          Fuck that – we’re not having him.

          • nell says:

            Actually you’ve got him.

            He is a minister of the crown, officially known as the business secretary.

            Mind you he’s a vast improvement on the last business secretary – mandy!!

            Now there was a REAL contender for membership of the confederation of snake oil salesmen!

          • nell says:

            Hague a snake oil salesman? Nope you are quite wrong there.

            bliar, mandy, milibliar, nickwinterton……………..

            There’s a definite character type to snake oil salesmen – hague doesn’t have it.

        • 447
          Baron Mandelson of Foy in the County of Herefordshire and of Hartlepool in the County of Durham says:

          That’s about half of Conservative voters.
          Never underestimate the power of a pretty face.

      • 485
        Anonymous says:

        Don’t think you are better than anyone else you Hunt.

        You’re not.

      • 486
        Anonymous says:

        Don’t think you are better than anyone else you Hunt.

        You’re not.

  109. 358
    JizzBack Labour says:

    I’ve got nothing better to do than spend all day posting BrokeBack Coalition videos a hundred times and then call anyone who hates Labour a whiny CCHQ pussy, even though the irony escapes me of being a bitter Labour twat who feels compelled to spend all day posting on a blog where everyone hates Labour and Brown! Waaaaaaaaah! Labour List has zero traffic. Waaaaah! We lost the election. Waaaaah! Brown is hated. Waaaaah!

    Right. I’m off to post the same videos another hundred times and to call someone a whiny CCHQ pussy. I hope mummy brings me my din-dins soon. I’m getting hungry and can’t be bothered to get out of my basement bedroom. She also said she’d bring me a fresh pair of underwear. But what’s the point? Just like Gordie, I like wearing the same pair a hundred days straight.

    • 525
      concrete chump says:

      and you’re still here and whining like a pussy as usual twat

      Hahahahahahahahahahahahahahahahahahahahha!!

      you fucking retarded shiteater

  110. 370
    Bunch of circle logic c.u.n.t.s. says:

    It was these left wing dicks that got us in this mess in the first place by saying we can’t do this and we can’t do that and we have to think of our impact on the environment and the third world etc. etc.

    Just round them all up and gas them.

    • 378
      nutter watch says:

      wipe the spittle off your monitor dear, it’s time for nursie to give you your medication

    • 393
      the beast of clerkenwell says:

      Harsh
      Gas costs a fortune
      A tesco polythenene bag will do the job just as well

      • 396
        Liam Byrne says:

        There’s no money left.

        • 401
          nell says:

          No because you spent it!

          I wonder what shadow ministerial post liam byrne is going to be angling for at the weekend?

          • Anonymous says:

            I wonder when true Conservatism (you know, allegedly the party that is in power) will make itself known!

            Stop obsessing about yesterday’s man and you may yet have a successful sex life.

            You fucking loon.

          • nell says:

            Er ‘scuse me , Conservatives are not in power.

            We have a Coalition.

            Some of us like it!! It’s entertaining, different , encompasses left and right as vince has proved today.

            Bit of a crowd pleaser and it’s confusing the hell out of the militwits who haven’t got a clue how to deal with it.

            Politics is looking up in my view!!

    • 459
      EU & me - no thanks says:

      Wavey and his mate Hague will ensure we get into a deeper mess.

  111. 373
    Dave feels your pain says:

    • 394
      CuntBack Labour says:

      That IS actually quite funny. But I wonder if they recorded it before cashing their jobseekers allowance or after.

      • 405
        CCHQ whining pussy says:

        WAAAAAAAAAAAHHHHH!!!!
        DON’T YOU DARE CRITICISE DAVE COZ I WUV HIM AN HE MAKES MY WIDDLE WINKLE HARD!!

        WAAAAAAAAAAHHHH! WAAAAAAHHH!! WAAAHHHHH!!

      • 463
        Anonymous says:

        Having a post with IS in it doesn’t guarantee success. It’s rather like voting for a Conservative government hoping it might tell the EU where to get off.

        NO SUCCESS!

    • 399
      Luciana is a true authentic working class lass who went to state school, yah says:

    • 430
      nell says:

      Oh that’ll be dave militwit then won’t it?

      I bet he feels the pain, having had his priveleged upbringing and now living in his £2million home.

      • 440
        Dave feels your pain says:

        • 448
          nell says:

          OMG! what is davemilitwwit doing in the middle of that photo.

          ralph the marxist would be appalled.

        • 454
          input output says:

          Rather this lot than the jocks, taffs and micks we’ve been ruled by for the past 13 years.

          • Anonymous says:

            Hello? Are you mad?

            The current bunch of career wasters want as much of your money as the last lot but will do it in a sneakier way.

            Happy now?

          • stealth tax city says:

            You couldn’t get sneakier then New Labia.

          • nell says:

            Do it in a sneakier way?? – do you mean more sneakier than mandy, damian, kevan, bliar, brown , alastairc?

            There is no-one on the planet sneakier, more dishonest, more backstabbing , more poisonous than them!!

          • Brokeback Cameron says:

            someones sneaking into my arse again!! Is that you Nick ? or is it nell ?

  112. 376
    smoggie says:

    Remember what you said here as you wait for the birth of your next child.

    Jerk

  113. 387
    the beast of clerkenwell says:

    Is Iain Dale Dyslexic?
    Surely he should be on LGBT 97.3 FM

  114. 391
    • 562
      AC1 says:

      Is he FOR “green” (melon) taxation that would raise the petrol prices to even less affordable heights?

  115. 402
    george says:

    If Cable isn’t sacked by the weekend then the coalition is dead.

    • 408
      nell says:

      cable has done the coalition a favour – he has given them an edge that the militwits are struggling to cope with!

      Priceless!!

    • 472
      Anonymous says:

      The coalition has always been dead. Where are the Conservative principles? they are as bad as the previous lot. Trying to ‘please’ everyone but failing miserably.

      Civil war is preferable.

  116. 409
    NAMBLA says:

    We speak for the libdems

    • 527
      Billybumboy Hague says:

      calm down William!

      you’ll find another young boy to give you a good Spadding soon enough

  117. 410
    Can't remember my moniker says:

    “Aus so krummem Holze, als woraus der Mensch gemacht ist, kann nichts ganz Gerades gezimmert werden.”

    (“Out of the crooked timber of humanity, no straight thing was ever made.”)

    Immanuel Kant

  118. 432
    CCHQ whining pussy says:

    I’ve got nothing better to do than spend all day posting on a blog where everyone hates Labour and Brown! Waaaaaaaaah! Liebore List has zero traffic. Waaaaah! We lost the election. Waaaaah! Brown is hated. Waaaaah!

    Right. I’m off to post the same videos another hundred times.

  119. 437
    Bob Crow says:

    It’s the nouveau riche wot gets the pleasure, and the workers that get the blame.

    • 445
      nell says:

      Nouveau riche huh??

      That’ll be you then bob!!

      • 451
        Bob Crow says:

        Cheer the coalition on as they continue to sell out Britain to cheap foreign labour, and raise your taxes and reduce your services for the greater European good.
        Being an old croaker waiting for the Wesleyan call, the future has no relevance for you.

  120. 455
    get real with the b'st'rds says:

    The “revolution” of the freeloaders in this country is only a week of free meal tickets away, anyone who thinks that the police force have anything more than a gossamer web of control over the hundreds, perhaps millions, of people who see nothing in the current government for them, therefore nothing to lose by rioting and worse, is definately in need of a reality check. This is a direct result of the Stalinist diatribe pumped out by the 13 years of Liebour. Not as a Conservative but as an Independent I am moderately heartened by the behaviour of Cameron et al, so far, unfortunately the populace at large are so indoctrinated by the symplistic – really when you analyse it – behaviour of the BBs (Bliar and Brown) that anything even slightly more advanced is so difficult for any of them to assimilate, hence some of the views expressed here. Conclusion – you may well be underestimating the Conservativ wing of the Coalition.

  121. 458
    Anonymous says:

    Just stick to bashing Labour, and you’ll have no problem with moderation.

  122. 462
    Monitoring Joe Public says:

    I thought the joes were mongs but they are fucking super mongs. Nintendo are now selling them face pulling software. You stare at your fucking DS and the camera maps your face and tells you to pull such and such a face. Its all guised as exercise.,can’t wait to video some of the fuckers.

  123. 466
    nell says:

    You need to look at photos of cherie and sarah because they are much closer to the type of women you are trying to understand.

  124. 473

    It’s a pity Cable attacked the Spivs in the City instead of the Great Regulator who let it all happen.
    There seems to be a distinct lack of enthusiasm from this lot for pinning the tail on the NuLabor donkey, where the blame really lays.
    Still I suppose in the Westminster Village it’s I’ll scratch your back …

    • 484
      EU & me - no thanks says:

      Why stick at the Westminster Village? It goes much further.

      The press may obsess about crap here but they prefer to ignore where the money goes.

    • 516
      Arthur Daly MP says:

      Ha ha ha! The idea of braindead politicians keeping up with spiv banksters is almost as laughable as asking the chickens to keep the foxes under control.

  125. 479
    Anonymous says:

    “turn in to…”?

    Sarah ‘twatter’ Brown has already turned the corner and is on the home straight back to a comfy chair where the fat bitch can graze here way into senility. If I had to put up with the mad Hunt Gordon I would too.

    Still, it’s a shame Hague doesn’t visit and have a mea culpa session.

    • 514
      nell says:

      ‘graze their way into senility’!!

      nope = not a chance in hell.

      They want international jobs , earning loadsamoney!! – this last week, as they’ve relentlessly done the rounds of the UN in NY, proves it .

      pr+ostitut+es would be proud of the browns techniques for drumming up trade!!

      • 519
        Mr nell says:

        Put your knickers on, get off that interweb, and go and make me a cup of tea, there’s a dear.

        • 536
          nell says:

          You are most surely talking to sarah!!

          But what you should be saying is go and talk to bankimoon , with luck he’ll give you a worthless job counting corpses or something.

          No doubt it’ll pay loads!!!

  126. 481
    Richard Y says:

    Well done Vince.
    The speculator’s gain be it in commodity speculating or in share speculation, is at the end of the day paid for by the man in the street, through increased prices or reduced surpluses in Pension funds. Totally immoral!

  127. 487
    grobdj says:

    I agree with Vince. The City computer screens cream profits from our enterprise, on a daily basis. Ask yourself why the FTSE-100 has stagnated since Bliar took office, why private pensions have imploded. Any company which dares pay good dividends to its shareholders will be promptly bought out by a hedge fund. Nobs in the street are not allowed to make money by buying shares in public companies. Innovation is the terms and conditions on your credit card. Spivs rule.

  128. 488
    13eastie says:

    He’s apparently been thoroughly hacked off about being given a position in the cabinet ever since he was sworn in. His sulking has been on a par with Gordon’s since the election.

    The LibDems’ electoral prospects would be better were they not to have a conference.

    What do they actually expect voters to make of their hippie teachers/councillors/counsellors/social workers seizing the mic to pour out their ridiculous alliterative similes and breathtaking economic ignorance (How have the banks caused a structural deficit? And did we really use to have a 100% deficit?) all over the airwaves?

    Does Comrade Cable really think these are the movers and shakers to whom he must appeal? These brain-dead Marxists who want to see taxable profits abolished and spending lunacy perpetuated?

    Bashing bankers and making up silly lies about capitalism is his lame little way of being anti-establishment without contradicting any policy messages.

    He will never wind his neck in, so it’s better that in future he mouths off from the back bench political grave yard to which he must now be sent.

    Sack this doddery old woman, Dave!

    • 537
      sowwy! twy again says:

      Dave not only saw but approved of his speech numbnuts

      • 601
        13eastie says:

        Dave “approved of it”?

        You have a quote?

        Or are you merely pointing out the bleeding obvious fact that a speech that almost completely avoided commenting on policy could not be vetoed?

  129. 493
    CCHQ whining pussy says:

    Heeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeugh! (Fapping furiously to video of Gordon Brown speech on macro-economics).

    SKLOOOOPSHK!

  130. 496
    Zed says:

    The more I hear from Cable the more I think “What a tw@t”.
    Playing to the gallery spouting his distorted views again and again and again and…..
    The man is a deluded incompetent and ought to deflect to his true looney home in the Labour Party.
    Go now, tw@t.

    • 504
      Mr nell says:

      As the distinction between political parties blur, who can tell pig from men?

      • 524
        nell says:

        Pigs and men!

        Difficult isn’t it !!

        Let’s try comparing pigs to people like brown or prezza or twatson or aintbustingut or kevan or abbott…………………..

        It’s not just about size it’s also about mentality!! Or lack of it !!!

        • 533
          Bob Crow says:

          If size is not important, i’ve got a little thing for you nell.

        • 535
          Pigs and men! Difficult isn’t it !! says:

          • Lard Presclott of Bulimia, Bog Seats, Beams,Bellies,Banjos,Punches, Croquet, Pies, Jags 'n' Shags says:

            Hi Eric !

          • Useless fat-fuck Eric Pickles says:

            Hi! I’m awake early, busy planning Labour’s victory at the next election, by ‘eck.

            Today I’m going to concentrate on losing Simon Kirby’s job. I love tower-blocks in marinas, me.

    • 531
      we wuv the bankers!!! they give me pennies for sucking their cock says:

      Dave agrees with Vince

  131. 511
    get real with the b'st'rds says:

    The latest offering from Ch 4 “Notting Hill” according to the press blurb ” typical of areas of todays Britain” NOT NOT NOT – just another bunch of no brain useless liggers costing the country money.

  132. 513
    Banker says:

    I had to send the driver in the Rolls for the paper this evening, its getting a bit iffy sending the helicopter, never mind it will all blow over soon.

  133. 523
    Anonymous says:

    New fucking thread please. This one is fucked.

    Like the country, it’s leaders and us.

    Who the fuck provides your ‘message’ function? Ah, it’s free! Why not practice what you preach and buy into the great capitalist industry?

    Too tight?

    • 530
      Oi Spaz says:

      What part of Libertarian do you not understand?

      • 541
        Freedom's just another word for nothing left to lose says:

        The part where the spivs escape with their looted spoils and the rest of us finish up making good the losses.
        Other than that, we’re all for liberty.

    • 553
      Dido, uxor Boritis says:

      it’s “its” – no apostrophe, dear…….
      tsk tsk the quality of private education is plummeting, I tell you…

  134. 526
    Europe First, Us Later says:

    The Tories are doomed, this coalition will bring the far right into the equation, they may have been laughed off in the election just gone and fat poof Griffin will end up in jail for the rest of his days but they will rise like currently in Europe.

    Europe is a taste of what is to come, slowly people are becoming sick of the pandering right in Europe and going ever further to the far right.

  135. 528
    the beast of clerkenwell says:

    I detest Cameron but I have one good thing to say about him
    We dont see him nor hear from him, unlike those giddy with power poofters in the libdems who seem to be unable to keep their gobs shut
    Clegg reminds me of a photocopier dealer
    Cable the buffoon computer engineer
    Hughes the sinister queer
    T he first cuts we need to make are of the death by 1000 kind
    I know Dr she would be ghlad of the chance to wield her new scalpel

  136. 529
    Anonymous says:

    Of course Fawkes can see nothing wrong with spiv traders playing hard and fast with other peoples money.

  137. 540

    Remember 2008… and an economy on its knees?
    Spiv? He’s being soft on them.

    • 592
      albacore says:

      Yet again my bank statement comes with an extra complete page – not a small-print footnote, mind – with the soothing message that depositors are each guaranteed by the state against bank failure up to £50,000.
      The BBC says that that limit’s being upped to 100,000 euros next year.
      A nod’s as good as a wink to a blind bat, eh, Gordon, Dave, Vince et al.
      Especially with new gold bullion sovereigns up 50% on what they were two years ago.

  138. 542
    Gordon Brown says:

    I have personally phoned all the British athletes who will be competing at the Commonwealth Games to wish them the best of luck.

  139. 545
    Michael Portillo attacks bankers' bonuses at business event says:

    Bankers were given a drubbing by former aide to PM Margaret Thatcher Michael Portillo when he met Bracknell businesspeople to discuss recession-related woes.

    The former politician was the guest speaker at the launch of Bracknell Chamber of Commerce’s Business Insight project.

    He revealed he was disgusted with the behaviour of the banks and said he very much hoped in future strict regulations were put on bonuses paid to bankers.

    He said: “There is a real need for definitive action to stop the taxpayer supporting the casino lifestyles of bankers.”

  140. 549
    Hooray for the Bankers! says:

  141. 555
    Dick Tator says:

    Dr. John Vincent Cable is an outstanding idiot.

    That is all.

  142. 566
    the beast of clerkenwell says:

    Good
    That means he has AIDS

  143. 582
    Who will get the standing ovation at the Tory Conference ? says:

    Apart from William Hague.

  144. 586
    caesars wife says:

    I wonder if there are more postal votes than members being counted at Lab HQ , and tra laa This week returns , who will be the new sofa duo …… Angelina Jolie and Kelly Brook , Harry Hill and Mervyn King , Anne Widdecomb and David Arronovitch , Wallace and Gromit , Mork and Mindy , Kim el Jong and Ahmadinjad . Pierce and Mcguire. weel its more interesting than lab contest

  145. 600
    (Hideously) White Van Man says:

    Dear Old Vince

    Has anyone told him Lenin is dead? yes and that nice ~Mr Stalin too Vince. just nod if you want to stay on as “business secretary”. Would you like your cocoa now?

  146. 603
    the public loves the bankers says:

    What do you call a 1000 bankers cut with rusty razors, set on fire and dropped from a cliff ?

    A start.

    • 619
      lolol says:

      Thirteen fookin years Liebour had to change the rules on banking but what did they do create 3 fookin useless quango’s,who’s only job was to pass the parcel between each other and like a gang of kids in a sweet shop the bankers went wild,people complained but all the 3 fookin quango’s could say was don’t worry they will soon get tired and behave themselves,the bankers certainly deserve censure but Liebour and that piece of sh*te Brown need to be surcharged forevery penny the country and the people lost.

  147. 604
    13eastie says:

    Vince Cable and Karl Marx: Separated at birth?

    (from BBC)

    On being a Marxist

    Cable:

    “[My comments have been] interpreted as an outburst of Marxism. [I have had] to go round explaining that that’s not what I meant.”

    Marx:

    “I am not a Marxist.”

    On capitalism

    Cable:

    “Capitalism takes no prisoners and kills competition where it can.”

    Marx:

    “Capitalism is dead labour, which, vampire-like, lives only by sucking living labour, and lives the more, the more labour it sucks.”

    On happiness and working for the common good

    Cable:

    “I am told that I look miserable. I’m sorry, conference, this is my happy face.

    “‘Aren’t you having fun?’ people ask. It isn’t much fun but it’s necessary: necessary for our country that our parties work together at a time of financial crisis.”

    Marx:

    “If we have chosen the position in life in which we can most of all work for mankind, no burdens can bow us down, because they are sacrifices for the benefit of all; then we shall experience no petty, limited, selfish joy, but our happiness will belong to millions, our deeds will live on quietly but perpetually at work, and over our ashes will be shed the hot tears of noble people.”

    On the necessity of working together

    Cable:

    “But what is it like being in bed with the Tories? First, it’s exhausting; it’s exhausting because you have to fight to keep the duvet. But to hold our own we need to maintain our party’s identity and our authentic voice.”

    Marx:

    “Society does not consist of individuals but expresses the sum of interrelations, the relations within which these individuals stand.”

    Are bankers the new bourgeoisie?

    Cable:

    “A bloated banking sector behaving as masters, not the servants of the people.”

    Marx:

    “In one word, for exploitation, veiled by religious and political illusions, [the bourgeoisie] has substituted naked, shameless, direct, brutal exploitation.”

    On the stomach for change

    Cable:

    “A proper debate is impossible with people who start from the infantile proposition that there isn’t a problem; and simply hark back to a failed world of ‘business as usual.’”

    Marx:

    “The English have all the material requisites for the revolution. What they lack is the spirit of generalisation and revolutionary ardour.”

    On the need for drastic action

    Cable:

    “[Spending cuts are] bound to hurt. Strong disinfectant stings.”

    Marx:

    “To be radical is to grasp the root of the matter.”

    On the worthiness of some jobs

    Cable:

    “I make no apology for attacking spivs and gamblers who did more harm to the British economy than [RMT union boss] Bob Crow could achieve in his wildest Trotskyite fantasies.”

    Marx:

    “The production of too many useful things results in too many useless people.”

    On property

    Cable:

    “I personally regret that mansion tax did not make it into the Coalition Agreement.”

    Marx:

    “A house may be large or small; as long as the neighbouring houses are likewise small, it satisfies all social requirement for a residence.

    “But let there arise next to the little house a palace, and the little house shrinks to a hut. The little house now makes it clear that its inmate has no social position at all to maintain.”

    • 608
      PM said to be relaxed about Cable speech says:

      Downing Street said it was relaxed with Vince Cable’s claim that “capitalism kills competition” yesterday.

      David Cameron’s aides cleared Cable’s speech in advance.

    • 609
      Not a Banker says:

      Whats the problem with us all having big houses, fuck the planning laws off, why should a minority get to decide what the majority can have, you want democracy then lets have it.

    • 621
      Sir William Waad says:

      We can see that Cable’s statements and Marx’s are completely different.

      What Marx and Cable have in common was that they were both soundbite specialists, producing “man-in-a-pub” ideas. Marx was a campaigning journalist by profession, able to highlight injustice and invent or borrow a telling phrase, but he was incapable of devising a rigorous economic or political system. His followers did that for him. Cable similarly is a man of insights and ideas but they don’t link together to make a coherent policy.

  148. 607
    the public loves the bankers says:

    How do you stop a banker drowning ?

    Take your foot off his head, but why would you ?

  149. 610
    pointless observations says:

    I work for a small exploration oil company and we know the banks are a load of bastards.

    however, we are in a high risk capital intensive industry that requires large sums of money to operate in. A well can cost anywhere between 4 and 40 million $. There are two places to get that kind of cash: debt through a bank and equity from money funds. Both sources will try and screw you and only care about their short\medium term investment. A lot of small oil companies get screwed by the covenants on their loans that are designed to be broken (basically the bank mortgages your oil field and can repossess). They also like to short your stock so they can force you to break your covenants and renegotiate the loan.

    Their best scam, however, is forcing you to hedge the oil production to gaurentee a minimum price. They do this by providing the hedge in exchange for a %age of physical oil production. Their trading teams trade paper oil and make fat profits but paper contracts do have the possibility of physical delivery (about 5 – 10% of the time) so they use the hedge and offtake agreement to secure physical collateral for paper trades, whilst charging you a hedging fee as well as debt interest secured on the oil field.

    The thing is, however, that screwing us is their job. They have to make the most money possible and are expected to try to screw anyone they can. Our job is to not get screwed but to get the cash we need to explore for find and produce oil. The banker’s arn’t wankers or spivs, they’re doing their jobs. They arn’t your friend and anyone who thought they were was a fool. Banks are a nessicary part of capitalism and the allocation of capital but they arn’t charities and anyone who thought they were is fucking stupid.

    The real “spivs” are the national oil companies who have unlimited (well, nearly) access to government cash, ultra low intrest rate loans and massive political leverage (through gvt economic aid packages, arms deals, political support, infrastructure projects etc.) to get the best fields on the best terms. The koreans, indians, russians, chinese and many others operate in this way. The market is as far from a level playing field as you can imagine. However. That’s life and we don’t bitch about it – we accept it. Cable should understand this and insead of rallying the populous rhetoric against the bankers (who are what they are) should explain what went wrong: the taxpayer bailout of bankrupt banks. He should explain that the beauty of capitalism, and danger of corpratism, is that institutions who make poor decisions cease to exist rather than being rewarded by taxpayer’s bailouts (the bernanke\brown floor).

  150. 611
    Vandal Watch says:

    why don’t you give us the links?

  151. 614
    Looky-Likey not looking says:

    If you could tell your left from your right, or even from the middle…

  152. 618
    David B says:

    When I went to school the school bully picked on the ”Spiv”. When I hear the use of this term I always think it is being used because the “Spiv” deserves a bashing!!! Go on Vince, hit him one more for luck

  153. 622
    anonymoney says:

    It’s funny how it’s okay to call the unemployed, most of it not being their fault, lazy and layabouts and useless and fat etc etc but we are not allowed to call the bankers and losers in the City ‘spivs’ – we just don’t understand what they do ….. fucking nonsense

    • 625
      annnnnoyperson says:

      And of course, working as a senior figure in a multi-national oil company is so much better than working for a bank!

      Or is Vince now trying to make ammends for his past sins by acting out his own guilt on other people?

    • 626
      lolol says:

      It’s funny how it’s ok to call the bankers, most of it not being their fault , lazy and layabouts and useless and fat etc etc,but it’s not ok to call the MP’s or the Liebour goverment who supposed to regulate these city “spivs”,you seem to think it’s one sided when it was a Liebour goverment using wisdom from la la land to turn into what was working but need tweaks the regulater into 3 quango’s that were a total waste of energy even a gang of 3 year olds at a nursery had more power to regulate the banks with their savings ,Brown,Bliar,the Liebour Party,Libsh*tes and the nuCons are to blame for the failures but as usual the blame is drawn away from them and put elesewhere.

  154. 627
    Voice of Treason says:

    They are not spivs. They are fucking obscene greedy crooks who have destroyed many good businesses in their quest for quick profit. They contribrute nothing to society except to enhance their greed and power. A bit like MPs really.


Seen Elsewhere

Ex-Sun Hack Cleared After 582 Days on Bail | MediaGuido
11 Times Boris Denied He Would Stand for Parliament | Buzzfeed
Attacking UKIP’s Posters is Counter-Productive | Guardian
Sarkozy Tried it on With Hollande’s Ex | Times
Another Spare Room Subsidy Cut Success | Harry Phibbs
Rich Now Have Less Leisure Than Poor | Economist
UKIP’s Immigration Policy Promotes Migrant Entrepreneurs | Breitbart
Another Feminist Lecture | Laura Perrins
UKIP Posters Bad Economics But Good Politics | James Delingpole
Tories Losing to UKIP in Scotland | ConHome
UKIPers Will Come Home in 2015 | Sun


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A confused Nick Griffin says Nigel Farage is a shill for the City, forgetting that City banks want to stay in the EU:

“Farage is a snake oil salesman, but a very good one. His supposed anti-immigration stance is all smoke and mirrors, as is his carefully cultivated image as a ‘man of the people’. The truth is that UKIP is a pro-immigration party that exists to lobby for the interests of the City of London.”



Alexrod says:

It’s money innit.


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