Originally Posted by Fragony
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.
Re: "Brown, hanged and flogged"
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.
Education: that which reveals to the wise,
and conceals from the stupid,
the vast limits of their knowledge.
Mark Twain
Re: "Brown, hanged and flogged"
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.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.
Re: "Brown, hanged and flogged"
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..
"A lamb goes to the slaughter but a man, he knows when to walk away."
Re: "Brown, hanged and flogged"
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
Last edited by Fragony; 01-22-2009 at 14:31.
Re: "Brown, hanged and flogged"
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..
Last edited by tibilicus; 01-22-2009 at 14:41.
"A lamb goes to the slaughter but a man, he knows when to walk away."
Re: "Brown, hanged and flogged"
I love it! European version of Bush Derangement Syndrome.
Reinvent the British and you get a global finance center, edible food and better service. Reinvent the French and you may just get more Germans.
Ik hou van ferme grieten en dikke pinten
Down with dried flowers!
Spoiler Alert, click show to read:
Re: "Brown, hanged and flogged"
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
Last edited by Fragony; 01-22-2009 at 15:29.
Re: "Brown, hanged and flogged"
Well since we are hanging and flogging I propose we dig up the parliament of 1714 and hang and flog them for allowing George I to be made king in the first place….
Education: that which reveals to the wise,
and conceals from the stupid,
the vast limits of their knowledge.
Mark Twain
Re: "Brown, hanged and flogged"
That article says something about discrimination but doesn't say anything about the person ability to repay loans more that it's saying that banks can't discriminate against people on grounds of race ect. Well that's what I made from reading that bit you posted.
And I know it isn't the soul responsibility of Bush, the fact is with the kind of free market and capitalist system the world runs boom and bust is bound to happen it's simply unavoidable. What Bush didn't do however was try and soften the blow. He would of been aware as a lot of people predicted that the sub prime market would go kaput and that the worlds banking system would ultimately hit recessions but the fact is him, as well as a lot of other notable world leaders failed to act sooner and instead buried their heads in the sand and tried to ignore the issue. I'm not simplistic to think that it's all down to Bush, but the fact is his administration did little to prepare or act on the problem.
Just look how long it took for any government to actually try and act on the problem. only recently we here in the UK have had a scheme put into help prop up the banks. After that failed we then had another one put in worth even more.
You know what the whole joke is though? Northern Rock, one of the first banks to be hit and be nationalised from the government will still give its employees and big cat executives bonuses this year. That to me is disgusting. Maybe if the government actually quit trying to keep all their attention on keeping inflation levels down and tried to tackle the huge unemployment problem looming over the UK people might actually support the government backed schemes.
I wouldn't be surprised to be honest if this time next year we have another winter of discontent. That's presuming this problem will get worse and unemployment figures will grow.
Last edited by tibilicus; 01-22-2009 at 16:25.
"A lamb goes to the slaughter but a man, he knows when to walk away."
Re: "Brown, hanged and flogged"
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.
Be well. Do good. Keep in touch.
Re: "Brown, hanged and flogged"
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.
"The republicans will draft your kids, poison the air and water, take away your social security and burn down black churches if elected." Gawain of Orkney
Re: "Brown, hanged and flogged"
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.
Last edited by tibilicus; 01-22-2009 at 16:32.
"A lamb goes to the slaughter but a man, he knows when to walk away."
Re: "Brown, hanged and flogged"
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.
Furunculus Maneuver: Adopt a highly logical position on a controversial subject where you cannot disagree with the merits of the proposal, only disagree with an opinion based on fundamental values. - Beskar
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