What line of work will speculators move to once the socialists take over

[Pat494]

What a miserable choice

red money wasters
or

blue meanies

and they are both lying sh1tbags

I am voting for a beefed up UKIP - waste no more hard earned on the PIIGS and overpaid pollies

 

[robster970]

Plus, the bankers didn't cause the mess, the politicians did because the bankers are ALWAYS going to go crazy with loans unless they're reined in which is the politicians remit. When for example have the bankers throughout history never gone crazy when let off the leash?

The bankers and speculators are just easy meat to blame. Basically the masses are easily fooled.

Politicians said 'Everybody can own their own home'. The finance industry rose to the demand. Who is to blame?

 

[DashRiprock]

"Lets blame Wall Street"

"Why?"

"Because it's far far away and I don't understand what goes on there"

 

[Liquid validity]

http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act

Blame Bill 🙂

 

[Pat494]

What a joke to see Ed Balls marching with the 250,000. Protesting the cuts HE was a prime cause of. He was supposedly the " brains " behind Gordon Brown's economic policies.

The sheer bare faced cheek of it !! But then he knew the multitude has a collective memory for the facts of about a week.

 

[scose-no-doubt]

Politicians said 'Everybody can own their own home'. The finance industry rose to the demand. Who is to blame?

speculators

 

[robster970]

speculators

That's like blaming the bullet from a gun for the manslaughter of someone.

Short term populist policy setting by government is largely to blame. Sure when something breaks, blame the tools, not the workmen.

 

[scose-no-doubt]

But the government said that everyone can own their own house not that every tw@ on 35k+ should leverage to the hilt and scoop 8 buy-to-lets to punt on the capital appreciation.

 

[robster970]

It's not true though - not everybody could afford to own their own house. So why tell them they can? Don't you think it's a little irresponsible?

 

[scose-no-doubt]

The bank should have turned them down. Might have made people work harder and deleverage. But we'll never know what could have been.

 

[robster970]

True.

 

[Chartsy]

The bank should have turned them down. Might have made people work harder and deleverage. But we'll never know what could have been.

blaming bank's for people's ignorance for leveraging...it's a bit like blaming a stupid trade on the broker ...imo

 

[Pat494]

Lets hope the silly sods don't get back in - or if they do, they really should make more of an effort to understand commerce and economics. After all that is what makes jobs etc.

Their ridiculous policy of spend until the country's bust has now happened 3 times !! When will they ever learn that industries and countries have to pay their way. Now that they have discovered credit they have taken to spending that as well.

The hypocracy of champagne socialism makes one spit. Largely well meaning sorts who have lost touch with reality.