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Post by Deleted on Jun 1, 2020 21:58:27 GMT
Guys It was outright fraud in the American mortgage that underpinned the collapse in value of asset based CDOs. The UK could not have influenced American fraud, but we e could have insisted upon better capital ratios. We didn't and yes Blair and Brown did not pick that up. But as I have said before the Tories had, by 2006, regained their mojo and were baying loudly about the nanny state and interference in free markets. Alan Greenspan had just announced the new "paradigm" of cheap credit and low inflation.
Perfect mix for a disaster
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stuart1974
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Post by stuart1974 on Jun 3, 2020 9:11:15 GMT
WTO seems the most likely, some would say it was the intention all along. The Bank of England governor told bank chiefs they should intensify their readiness for a no-deal Brexit, Sky News learns. "In his pre-appointment hearing with MPs, Mr Bailey said a WTO outcome would increase trade barriers relative to a comprehensive free trade agreement, saying the absence of measures to ease restrictions was "likely to make trade more costly or difficult relative to a comprehensive FTA, reducing trade flows and foreign direct investment"." news.sky.com/story/boe-governor-bailey-tells-bank-chiefs-to-step-up-plans-for-wto-brexit-11999578
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Post by Deleted on Jun 3, 2020 11:19:28 GMT
Anyone see, just now, Johnson again being wiped at PMQs?
It's quite embarrassing.
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stuart1974
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Post by stuart1974 on Jun 3, 2020 12:57:26 GMT
Anyone see, just now, Johnson again being wiped at PMQs? It's quite embarrassing. I was driving so didn't really listen that intensely, what I did catch was a lot of Dispatch Box thumping, is that not a sign of struggling?
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Post by Deleted on Jun 3, 2020 14:19:39 GMT
Anyone see, just now, Johnson again being wiped at PMQs? It's quite embarrassing. I was driving so didn't really listen that intensely, what I did catch was a lot of Dispatch Box thumping, is that not a sign of struggling? And a lot of arm waiving and appealing to the "Great Britain Public"
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Post by peterparker on Jul 9, 2020 7:08:52 GMT
Surprised? No thought not
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Post by Deleted on Jul 9, 2020 7:29:37 GMT
Surprised? No thought not Personally couldn't care less about Brexit and the ego trip that everyone has about it. Do care about the people in the UK though, who the government seem quite happy to screw over through incompetence and greed.
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Post by peterparker on Jul 9, 2020 7:44:12 GMT
Surprised? No thought not Personally couldn't care less about Brexit and the ego trip that everyone has about it. Do care about the people in the UK though, who the government seem quite happy to screw over through incompetence and greed. in relation to BREXIT, who knows whether it will be good or bad, Thing is, this is more than BREXIT. just ANOTHER example of how ill prepared they are for everything and gives little reason to believe they will make a success of it
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Post by Deleted on Jul 9, 2020 7:53:56 GMT
Personally couldn't care less about Brexit and the ego trip that everyone has about it. Do care about the people in the UK though, who the government seem quite happy to screw over through incompetence and greed. in relation to BREXIT, who knows whether it will be good or bad, Thing is, this is more than BREXIT. just ANOTHER example of how ill prepared they are for everything and gives little reason to believe they will make a success of it Totally agree. A reactionary government of the highest order. The only thing they know is how to line eachothers pockets. They let things break down and then take the credit for fixing it, no regards for those who are harmed in the process.
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Post by Deleted on Jul 9, 2020 8:03:36 GMT
Personally couldn't care less about Brexit and the ego trip that everyone has about it. Do care about the people in the UK though, who the government seem quite happy to screw over through incompetence and greed. in relation to BREXIT, who knows whether it will be good or bad, Thing is, this is more than BREXIT. just ANOTHER example of how ill prepared they are for everything and gives little reason to believe they will make a success of it I read that report elsewhere. A stunning indictment of this Government from one of their own cabinet members. Two leaders of the Leave Campaign now in power, caught with their pants down. Are we really surprised??
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Post by baggins on Jul 9, 2020 12:03:59 GMT
in relation to BREXIT, who knows whether it will be good or bad, Thing is, this is more than BREXIT. just ANOTHER example of how ill prepared they are for everything and gives little reason to believe they will make a success of it I read that report elsewhere. A stunning indictment of this Government from one of their own cabinet members. Two leaders of the Leave Campaign now in power, caught with their pants down. Are we really surprised?? That they wear pants? Odd turn of debate but whatever.
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Post by Deleted on Jul 9, 2020 15:32:36 GMT
I read that report elsewhere. A stunning indictment of this Government from one of their own cabinet members. Two leaders of the Leave Campaign now in power, caught with their pants down. Are we really surprised?? That they wear pants? Odd turn of debate but whatever. 😂😂😂 Indeed.
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Post by trevorgas on Jul 9, 2020 16:15:39 GMT
in relation to BREXIT, who knows whether it will be good or bad, Thing is, this is more than BREXIT. just ANOTHER example of how ill prepared they are for everything and gives little reason to believe they will make a success of it I read that report elsewhere. A stunning indictment of this Government from one of their own cabinet members. Two leaders of the Leave Campaign now in power, caught with their pants down. Are we really surprised?? Emmm could be a bit of arse covering from Liz Truss never the most competent of ministers and then strangely leaked,I will wait to see what happens and then make a judgement.
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Post by Deleted on Jul 9, 2020 18:14:45 GMT
I read that report elsewhere. A stunning indictment of this Government from one of their own cabinet members. Two leaders of the Leave Campaign now in power, caught with their pants down. Are we really surprised?? Emmm could be a bit of arse covering from Liz Truss never the most competent of ministers and then strangely leaked,I will wait to see what happens and then make a judgement. I thought that about her. But let's be less cynical about her abilities. Let's think, just for a minute, she is right. Nobody can deny we Remainers pointed out the issues with Ireland under a no deal scenario. But, if she is lacking competence, then again that accountability sits with Johnson. He appointed her, he told us there would be no issue with the border.
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Post by trevorgas on Jul 9, 2020 18:29:44 GMT
Emmm could be a bit of arse covering from Liz Truss never the most competent of ministers and then strangely leaked,I will wait to see what happens and then make a judgement. I thought that about her. But let's be less cynical about her abilities. Let's think, just for a minute, she is right. Nobody can deny we Remainers pointed out the issues with Ireland under a no deal scenario. But, if she is lacking competence, then again that accountability sits with Johnson. He appointed her, he told us there would be no issue with the border. Sort of lost track of all this,not sure I want to get back into it that much 😆,seems to have dropped down my priority list what with everything else.Would be good if it all just went smoothly 😂😂
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Post by Deleted on Jul 9, 2020 19:40:48 GMT
I thought that about her. But let's be less cynical about her abilities. Let's think, just for a minute, she is right. Nobody can deny we Remainers pointed out the issues with Ireland under a no deal scenario. But, if she is lacking competence, then again that accountability sits with Johnson. He appointed her, he told us there would be no issue with the border. Sort of lost track of all this,not sure I want to get back into it that much 😆,seems to have dropped down my priority list what with everything else.Would be good if it all just went smoothly 😂😂 Indeed Clive. I feel similarly, the truth is good or bad we are stuck with it. The itch to point out the contradictions or incompetence is sometimes to great though. 😱😂😂😂
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Post by peterparker on Jul 10, 2020 6:55:23 GMT
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Post by William Wilson on Jul 10, 2020 12:20:36 GMT
How can our borders possibly not be ready? They`ve been there since 1707.
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Post by William Wilson on Jul 10, 2020 12:49:37 GMT
Guys It was outright fraud in the American mortgage that underpinned the collapse in value of asset based CDOs. Was it not more a case of a genuine but sadly mistaken belief, that the great American dream, and in particular the housing sector, would keep surging ahead like Phar Lap on steroids, rather than outright fraud?
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Post by Deleted on Jul 10, 2020 16:43:11 GMT
Guys It was outright fraud in the American mortgage that underpinned the collapse in value of asset based CDOs. Was it not more a case of a genuine but sadly mistaken belief, that the great American dream, and in particular the housing sector, would keep surging ahead like Phar Lap on steroids, rather than outright fraud? Outright fraud The credit boom instigated by Alan Greenspan led to a glut of mortgage products on the market. The most ruinous of them all was the cheaper introductory rate mortgages. The fraud happened when the Real Estate Broker / Mortgage Broker colluded to get maximum value for a property and arranged a mortgage with an introductory rate which the deluded buyer was led to believe they could afford. Which they could, just, but as soon as the standard rate kicked in, on average two years later, they could not. Both brokers knew this would be the case unless the buyers income increased substantially. At which point they defaulted and lost their home. Cue a flood of defaults in 2006/07 and packaged financial products incorporating mortgage products and which the banks sold to each other using Bank Retail deposits became worthless as real estate values bombed. I was visiting California in 2005 and a close friend who at the time had her own Real Estate Brokerage told me this was going on then in 2005. It was Bill Clinton who repealed the law separating investment banking from retail banking which was a key driver in this fiasco, and over here the Tories were baying about the "Nanny State" and demanding light touch regulation, which of course Tony and Gordon did not resist, to their eternal shame. Now we have Boris. Cue repeat. In one form or another
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