"Brown, hanged and flogged"

**Fragony** · 01-22-2009, 11:14

Brown is a total

but crisis would have happened regardless, sit back and enjoy, may you live in interesting times

**naut** · 01-22-2009, 11:50

Can't say I didn't see that coming.

**Fisherking** · 01-22-2009, 11:54

Originally Posted by Fragony

..., may you live in interesting times

That is a curse, I am sure you know!

The times are much too interesting as it is already…any more interesting and it is going to get very uncomfortable.

**Fragony** · 01-22-2009, 13:56

Originally Posted by Fisherking

That is a curse, I am sure you know!

The times are much too interesting as it is already…any more interesting and it is going to get very uncomfortable.

Chinese proverb actually. I still got 10 toes and 9,5 fingers (fridge tore it off yes we can) I am ready for everything. Common this is great fun we will just have to make due with a little less. I lost a lot of money, so what, sky isn't falling down.

**tibilicus** · 01-22-2009, 14:12

Brown can't solely be blamed for the economic problem. if your going to blame one person for it blame former president Bush. Leader of the worlds biggest economy and then bang recession hits after years of poor management with money. Just another thing he did wrong. Just remember pretty much half the Western worlds economy depends on the USA. As soon as their bubble went bust so did everybody else's.

And whilst Brown is no hero I would prefer him over the Eaton graduate's club any day. To be honest if any one is even considering voting for that upper class snob Cameron you should be ashamed of yourself. Like he has the peoples best interest at heart and not the banks.

Yer right..

**Fragony** · 01-22-2009, 14:22

Originally Posted by tibilicus

Brown can't solely be blamed for the economic problem. if your going to blame one person for it blame former president Bush.

Why? Clinton actually, banks actually do not like lending money to people who can't pay it back.

http://en.wikipedia.org/wiki/Community_Reinvestment_Act

**tibilicus** · 01-22-2009, 14:41

Originally Posted by Fragony

Why? Clinton actually, banks actually do not like lending money to people who can't pay it back.

http://en.wikipedia.org/wiki/Community_Reinvestment_Act

Bushy hardly did a great job of regulating it though did he? He was the one who also stood by and did nothing whilst the sub prime housing market went to the wall.

To be honest if we actually tried to regulate our markets and make sure the banks weren't so careless with who they lend money to we could of probably avoided this. Of course this is hard to do when you have some loonies who think regulation is socialism..

**Vladimir** · 01-22-2009, 14:54

I love it! European version of Bush Derangement Syndrome.

**Fragony** · 01-22-2009, 15:02

Originally Posted by tibilicus

Bushy hardly did a great job of regulating it though did he? He was the one who also stood by and did nothing whilst the sub prime housing market went to the wall.

To be honest if we actually tried to regulate our markets and make sure the banks weren't so careless with who they lend money to we could of probably avoided this. Of course this is hard to do when you have some loonies who think regulation is socialism..

It isn't that easy to just make a law just go away, blaming Bush for this is more then a little bit off.

you read this?

The Equal Credit Opportunity Act, enacted in 1974, makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction, on the basis of race, color, religion, national origin, sex, marital status, or age. Failure to comply can subject a financial institution to civil liability for actual and punitive damages

**KukriKhan** · 01-22-2009, 16:21

Originally Posted by tibilicus

Brown can't solely be blamed for the economic problem. if your going to blame one person for it blame former president Bush. Leader of the worlds biggest economy and then bang recession hits after years of poor management with money. Just another thing he did wrong. Just remember pretty much half the Western worlds economy depends on the USA. As soon as their bubble went bust so did everybody else's.

And whilst Brown is no hero I would prefer him over the Eaton graduate's club any day. To be honest if any one is even considering voting for that upper class snob Cameron you should be ashamed of yourself. Like he has the peoples best interest at heart and not the banks.

Yer right..

So there we have it: total elapsed time from some stated problem to "it's Bush's fault" = 3.5 hours.

C'mon Lads, we can surely improve on that.

**Idaho** · 01-22-2009, 16:24

I don't think it was specifically Bush's fault. I think the blame has to be put at people like Greenspan really. He presided and proclaimed the mantra of deregulation. Bush, like Brown et al, were just followers.

**tibilicus** · 01-22-2009, 16:31

Originally Posted by KukriKhan

So there we have it: total elapsed time from some stated problem to "it's Bush's fault" = 3.5 hours.

C'mon Lads, we can surely improve on that.

I'm not trying to say that please read my other post. https://forums.totalwar.org/vb/showp...8&postcount=18

All im trying to say is Bush did nothing along with a lot of other governments to even try and regulate the economy. I'm pretty sure that Australia has a much more vigorously regulated economy where banks,hedge funds and the like are regulated and poor credit transactions and toxic loans are a less common occurrence. I'm stating however that Bush, being leader of the single biggest economy in which every economy in the world almost is tied into did not do a good job of managing the economy. It's not just me that's saying that it's a lot of economic analysts.

The reason why I point at bush is because it was his responsibility to regulate and bring stability the the US and world economic system. Fair enough he didn't cause half the problems involved in it but from where I'm standing he did bugger all to try and soften the blow.

**Furunculus** · 01-24-2009, 23:10

Originally Posted by tibilicus

Brown can't solely be blamed for the economic problem. if your going to blame one person for it blame former president Bush. Leader of the worlds biggest economy and then bang recession hits after years of poor management with money. Just another thing he did wrong. Just remember pretty much half the Western worlds economy depends on the USA. As soon as their bubble went bust so did everybody else's.

And whilst Brown is no hero I would prefer him over the Eaton graduate's club any day. To be honest if any one is even considering voting for that upper class snob Cameron you should be ashamed of yourself. Like he has the peoples best interest at heart and not the banks.

Yer right..

you might try clinton, it was his gov't that persuaded Fannie and Freddie to provide social lending.

i think you will find that a free marketeer is the polar opposite to a corprotist (sp?), and browns nationalising of the banks give him a great claim to the latter title.