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Re: The Tories
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http://deadfriends.mindscaper.eu/ima...cons_knife.gif ...and as you lie on your matress of heather, in your wee bothy, remember, don't have nightmares. A fear of dog stabbers is for life, not just for Hogmany. ;):D |
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(Mind you, if it's only 51% there is a chance they may pay a little more attention to not upsetting you, they don't want an election, the money's better than in the real world). |
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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. |
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I agree with you on the Euro ... to use a military analogy, it is always a mistake to reinforce failure. |
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No, Of course not Eric...but there seemed to a general acceptance that debt was alright...in fact that it was good to have some debt. A maxim that I haven't ever really admired or aspired to. I was once told that my credit rating would be rubbish because I had no track record of Credit......even paying off my mortgage 5 years before it was required to be repaid.
There was a lot of mismanagement of money by the banks....lending money for mortgages on the assumption that the housing market would stay buoyant.......which it did for a long time......but lending 110% on a property puts you in negative equity right from the start....and lending to couples who were cohabiting... Ok, I know that marriage is no guarantee that folk will stay together, but I think if you are married, then perhaps you don't see your partnership as quite so 'disposable'. As I said, there were many things that were wrong....and I daresay that these were known and were 'risked' because it was the line of least defence.......anyway, it is as sure as eggs are eggs we are going to be paying for these MCU's(monumental cock ups) for a very long time to come. As for the Euro, I wouldn't be at all surprised if the New Year sees it dead in the water...and all the money put in to save it, will have gone down the gurgler...all to save face! |
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mmmmmmmmmmmmmm The Guardian on Facebook | Facebook#_=_
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