Thread: The Tories
View Single Post
Old 22-12-2011, 14:26   #865
Margaret Pilkington
Beacon of light

 
Margaret Pilkington's Avatar
Re: The Tories

I don't know what percentage of business the financial area of the city accounts for, but it pays some 54 billion in taxes.

And the incumbents knew of the banking crisis for seven months before the brown stuff hit the fan. the brits had been encouraged to live on their credit cards for ages......there was not a week went by without some mail shot that offered credit, without checking if you could pay back what you were spending.......the whole thing was allowed to go unchecked.......even the FSA have held up their hands and said that they mis-managed the situation. It isn't just one thing...it is a complex series of things....and I'm not sure there is a leader in the world with enough balls to tackle the mutiple problems.

Anyway, this they did this, so we'll pay them back by doing this, is schoolyard antics(with France and Sarkozy in mind) is a waste of time and energy...what should be happening is decisive action.........and I'm not sure that pouring money in, to save the Euro is the right thing to do.
__________________
The world will not be destroyed by evil people...
It will be destroyed by those who stand by and do Nothing.
(a paraphrase on a quote by Albert Einstein)
Margaret Pilkington is offline   Reply With Quote