Question Time - Marcus Brigstocke
Ed
No it shouldn't you cretin. It's this kind of thinking that got the
country into the shitter in the first place.
Light of Aria
"Ed" <edward....@googlemail.com> wrote in message
news:8f2fe839-9a94-4dc6...@b15g2000yqd.googlegroups.com...
> "The government should bail out everyone that goes overdrawn"
>
> No it shouldn't you cretin. It's this kind of thinking that got the
> country into the shitter in the first place.
Exactly.
Daniel Titley
> In <8f2fe839-9a94-4dc6-8a99-f1adab5d8...@b15g2000yqd.googlegroups.com>, Ed
Exactly. He wasn't being literal, he was compareing the secret loans
the government gave to the banks last year and the Supreme Court
judgement in favour of bank charges this week.
Ed
I don't think he was being sarcastic at all, I think he was saying the
government should refund all the people charged for overdrafts by
banks because it bailed out the banks. The concept of two of the
largest high street banks collapsing has been shown by economists as
not something you want to test in practice.
Jeff Lawrence
Well I hope he knows more about politics than he does about comedy.
Mind you, that can't be particularly difficult.
Cheers
Jeff
Usenet Nutter
Of course he was being sarcastic...How could you possibly think
otherwise ?
Mike Hall
<individual...@takeoutmyteethgmail.com> wrote:
He was being sarcastic, but he did not "mug it up" enough to catch
everyone. Lord Falconer also thought he was being straight, which is
why Marcus tried to interject a comment.
Anyway, it is proven that Lloyds went under because the Bank of
England and the Lloyds board tricked the Lloyds shareholders into
approving the takeover of a bank run so badly, it should have been a
crime. Labour cronies deny this despite the obvious evidence, because
some people will believe them if they state that black is white (your
deceiving eyesight being the result of Tory mismanagement of the NHS
20 years ago).
Mike Hall
AC
Really? Why? Letting the weak go bust is capitalism, and I thought that's
what it was all about. Weak cocked up banks should go bust. Doing anything
else is rigging the market.
AC
Ed
> "Ed" <edward.a.bow...@googlemail.com> wrote in message
Well we can't let the chaps fail now can we. Where would all the
politicians get their non-exec directorships if that happened?!
Schrodinger
"AC" <x...@xxx.xxx> wrote in message
news:5uTPm.39832$492....@newsfe18.ams2...
Spot on.
I think many have made the point that, if you are a family about to lose
your house because you lost your job because the banks were greedy, made
$billions and had to be bailed out to the tune of $trillions, there is no
bail out.
If you are a bank and cause the problems, making money whilst causing them
and making money whilst solving them, you get a helping hand. Sure, a
market collapse may have been worse, but there are other ways of introducing
consequences for the actions of the banks.
It's the reverse of moral hazard, the banks have been actively rewarded for
cocking up. The investment banks have had a great year brokering the sales
of Gilts back to the government as they execute the QE and then another
fortune as this cash is used to purchase other stocks.
Ultimately, hundreds of thousands of ordinary workers have lost their
livelihoods. Few of them bankers and those people in banks losing jobs are
the front line - cashiers, clerks etc. The dickwits who lost all the money
get to keep their jobs.
The whole thing is a Tory's wet dream; the poor pay for the rich, not only
in jobs, but in actual cash. Lovely.
allanbonnetracy
> Well we can't let the chaps fail now can we. Where would all the
>
New Labour had to bale out the banks because if they hadn’t the banks
shareholders would have gone rushing to the courts looking for someone
to blame and that someone, to a significant extent, would have been
this Labour government.
Labour’s spending on the banks is a massive cover up and lid keeping
exercise designed to disguise their own massive (tits up) economic
failure this wrong side of the election.
aquachimp
> "AC" <x...@xxx.xxx> wrote in message
>
> news:5uTPm.39832$492....@newsfe18.ams2...
>
>
>
>
>
Just out of interest (no pun intended) what would happen to one's
savings, and debts if such a collapse occurred; You get a house
without completing the deal?
allanbonnetracy
Oh if only the SNP can get its way because judging by that audience of
lefty, global warming is a religion, anti-war appeasers Scotland would
surely be destined to turn into the next Rumania.
Brigstocke could then go and live there, happy to pay the six-pound
per pint this particular interferring socialist so approves of.
On that alcohol question, someone should have reminded the Scots of
their own history.
Namely the Isle of Lewis where for many years alcohol was banned.
Thanks to illegal drinking dens, serving high-octane home brew, the
island had the highest rate of alcoholism in Western Europe.
There were regular referendums to end the ban but for many years these
failed to bring about a repeal, not least thanks to all the alcoholics
voting to keep it.
Mike Hall
wrote:
> Just out of interest (no pun intended) what would happen to one's
> savings, and debts if such a collapse occurred; You get a house
> without completing the deal?
The Administrator would try to get as much money as possible for the
savers by selling off as much of the company as possible, debts and
mortgages being sold to collection agencies and other banks, The
shareholders would still get nothing.
Mike Hall
m...@nildram.co.uk
<allanbo...@ireland.com> wrote:
>Brigstocke could then go and live there, happy to pay the six-pound
>per pint this particular interferring socialist so approves of.
The proposal only to applies to off sales but if it did apply in pubs
your six-pound pint would have to be 26% abv. Brewdog have just
launched "Tactical Nuclear Penguin" at 32% but it's �30 per bottle so
it won't be affected by minimum pricing.
>On that alcohol question, someone should have reminded the Scots of
>their own history.
>
>Namely the Isle of Lewis where for many years alcohol was banned.
>
>Thanks to illegal drinking dens, serving high-octane home brew, the
>island had the highest rate of alcoholism in Western Europe.
>
>There were regular referendums to end the ban but for many years these
>failed to bring about a repeal, not least thanks to all the alcoholics
>voting to keep it.
There is no proposal for a ban, only a minimum price, set at a level
that will have no or little effect on normal drinks.
Usenet Nutter
And it ( minimum pricing) is not going to happen anyway and quite
rightly too ..It's a lunatic idea and probably against EU Law
CP
He's also got one of the biggest heads I've ever seen.
Schrodinger
"aquachimp" <aqua...@aquachimp.freeserve.co.uk> wrote in message
news:76c0a275-7c66-4f99...@d10g2000yqh.googlegroups.com...
If a collapse in the banking system really did occur there would be
pandemonium. Many businesses would cease to be able to function as their
facilities were withdrawn overnight. Assuming administrators managed to
keep the processes running in the banks payroll functions would continue,
but there would bound to be disruption and again many businesses rely on
borrowing to cover short term costs such as payroll.
Ergo, many people wouldn't be paid. There would be a run on the banks and
people demanding cash rather than cheques. The money supply would dry up at
least temporarily.
Although you would still have to pay for your house (the one thing that
would continue working is collection of debts I can promise you!), hyper
inflation might well be the result of all of the problems, meaning the real
cost of your payments would be dropping like a stone - on the other hand the
value of your home might well do the same.
This is why they couldn't allow the banks to fail, but there is no reason
they can't put the directors in prison that caused all of this and cap
everybody's wage at �100,000 - directors included. I'd like to see what
would happen when all of the banks had to abide by this rule and 50,000
Tarquins sought positions in other sectors that don't need knobbrains that
can screw up the world's economy.
Martin Jay
I thought he was a comedian making a joke.
--
Martin Jay
aquachimp
> "aquachimp" <aquach...@aquachimp.freeserve.co.uk> wrote in message
You say that like as if it would be a bad thing.
What lessons were learnt from Northern Rock to indicate the percentage
of people required to make that come true and so to curtail that
number?
But if pandemonium were to happen how short-term might it be?
Would it be like lancing a boil? A few lynchings perhaps? (will never
happen, no matter what anyone says)
Would that be the lesson the incompetently greedy need?
If so, wouldn't that be a good thing?
> Many businesses would cease to be able to function as their
> facilities were withdrawn overnight.
But for how long? A week or 2?
> Assuming administrators
Ah, so they step in, so no total collapse as such. Fine.
> managed to
> keep the processes running in the banks payroll functions would continue,
Well, yes, their (administrators) first priority would probably to
ensure their own pay flow continues too.
> but there would bound to be disruption and again many businesses rely on
> borrowing to cover short term costs such as payroll.
>
> Ergo, many people wouldn't be paid.
But presumably the bank staff would.
>There would be a run on the banks and
> people demanding cash rather than cheques. The money supply would dry up at
> least temporarily.
A month?
>
> Although you would still have to pay for your house (the one thing that
> would continue working is collection of debts I can promise you!),
The debt collectors would also have a pay roll continuence order then?
But if everyone else doesn't get the same, they can't pay their debts,
so the collectors don't collect.
So the administrators would have to bloke off that 'reality' bringing
things back to fairly normal within a relatively short time; the only
real difference been a change of the guard.
> hyper
> inflation might well be the result of all of the problems, meaning the real
> cost of your payments would be dropping like a stone - on the other hand the
> value of your home might well do the same.
Based on?
What sort of things would not get so affected; Food? Books? clothing.
TV Licence?
Shares?
aquachimp
> On 27 Nov, 18:31, aquachimp <aquach...@aquachimp.freeserve.co.uk>
> wrote:
>
> > Just out of interest (no pun intended) what would happen to one's
> > savings, and debts if such a collapse occurred; You get a house
> > without completing the deal?
>
> The Administrator would try to get as much money as possible for the
> savers by selling off
Just to nit-pick.
Where would these buyers get the money for such purchases if not from
their own savings.
Or would it come from administrator permitted loans?
Brian Watson
> Labour�s spending on the banks is a massive cover up and lid keeping
> exercise designed to disguise their own massive (tits up) economic
> failure this wrong side of the election.
Actually, it looks rather more like the banks fucked up and shouldn't be
trusted with the contents of my piggy bank.
The fundamental error was that you can't make money out of money, because
there is no REAL added value and too many people are paid out of the
hypothetical (paper) profit.
It was always going to collapse and it so happens it did it while Labour
were in.
Do I want to hand over governmental control to the party that has always
thought The City is a good thing (ie, the Conservatives)?
No, I really think I don't.
And some people choose to forget what a corrupt lying lot they were last
time they were in power.
Conservatives? No, thank you.
--
Brian
"Fight like the Devil, die like a gentleman."
www.imagebus.co.uk/shop
Mike Headon
>
>
>
Wrong. Who told you that? More to the point, who told him?
--
Mike Headon
e-mail: mike dot headon at enn tee ell world dot com
Schrodinger
"aquachimp" <aqua...@aquachimp.freeserve.co.uk> wrote in message
news:1e954fb6-e32b-4db3...@g26g2000yqe.googlegroups.com...
No one knows really. I think somebody said we are only 2 hot meals away
from anarchy and I think that, of all the awful things that have happened in
the last 10 years, New Orleans should have taught us a lot.
I remember looking at TV pictures of the Moss Side riots and wondering how I
might get to school if they continued for a week or so more. Of course,
they calmed down quickly and I was getting the bus to my school a few weeks
later and worrying about home work, not riots. I also remember looking at
New Orleans and thinking there but for the grace of God...
Much as I hate the system as it is - and I am sure there are millions like
me - the alternative is perhaps unthinkable for now.
This is why I strongly advocate my below comments as the chinless salesmen
running the system at the moment would not have the wherewithal or desire or
ability to cause problems.
Mike Hall
wrote:
> On Nov 27, 9:11 pm, Mike Hall <tar...@yahoo.com> wrote:
> > On 27 Nov, 18:31, aquachimp <aquach...@aquachimp.freeserve.co.uk>
> > wrote:
> > > Just out of interest (no pun intended) what would happen to one's
> > > savings, and debts if such a collapse occurred; You get a house
> > > without completing the deal?
>
> > The Administrator would try to get as much money as possible for the
> > savers by selling off
>
> Just to nit-pick.
>
> Where would these buyers get the money for such purchases if not from
> their own savings.
> Or would it come from administrator permitted loans?
A bankrupt bank immediately loses its right to operate as a bank i.e.
it cannot lend money or pay interest on accounts. Bank loans and
mortgages become debts owed to the Adminstered ex-bank, repayable
immediately, as what happened when BCCI was closed.
If Northern Rock or Lloyds/HBOS had been allowed to go under, hundreds
of thousands of houses would have been repossessed since most people
with enough money to buy a house outright don't get mortgages. I
seriously doubt that any bank or building society with thousands of
non-business mortgages on their books will ever be allowed to go
under.
Mike Hall
Ivan
"Schrodinger" <n...@way.com> wrote in message
news:UojQm.31739$Lk1....@newsfe15.ams2...
>
>
> No one knows really. I think somebody said we are only 2 hot meals away
> from anarchy and I think that, of all the awful things that have happened
> in the last 10 years, New Orleans should have taught us a lot.
>
> I remember looking at TV pictures of the Moss Side riots and wondering how
> I might get to school if they continued for a week or so more. Of course,
> they calmed down quickly and I was getting the bus to my school a few
> weeks later and worrying about home work, not riots. I also remember
> looking at New Orleans and thinking there but for the grace of God...
>
> Much as I hate the system as it is - and I am sure there are millions like
> me - the alternative is perhaps unthinkable for now.
>
> This is why I strongly advocate my below comments as the chinless salesmen
> running the system at the moment would not have the wherewithal or desire
> or ability to cause problems.
>
"He's one of our top entrepreneurs who recently put all his investments into
cash. The reason: He believes Britain faces bankruptcy. You may disagree
with his bleak analysis but you can't afford NOT to read it"
Read more:
<http://www.dailymail.co.uk/news/article-1231563/Is-Britain-brink-financial-armageddon.html#ixzz0YBsd6sRt>
>
>
aquachimp
>
>
er... "can't afford NOT to read it" in conjunction with the
"dailymail"?
Ivan
Ah, well this source will obviously be a little more to your liking then,
slightly older but with the same sentiments, except for Iceland read Dubai..
<http://www.guardian.co.uk/commentisfree/2009/jan/18/recession-banking>
aquachimp
> "aquachimp" <aquach...@aquachimp.freeserve.co.uk> wrote in message
Well, no, not exactly. Citing the words of others without question
serves as a substitute for independent
thinking or unique perceptive.
aquachimp
wrote:
Here's an example of independent perceptive.
http://www.telegraph.co.uk/news/matt/
Ivan
However If we were discussing the merits of neurosurgery I would feel to be
on safer ground citing the words of a qualified and practicing neurosurgeon,
rather than relying entirely on my own unqualified conclusions and opinions;
although I do appreciate that others do consider themselves to be the
unquestionable founts of all knowledge.
Mike Headon
> he's a comedian. Nobody gives a fuck what you think of him.
>
>
YA Alan Hope AICMFP.
When a BBC jobsworth on Feedback defended the choice of participants on
TNQ because "they are funny", my reaction was:
Andy Hamilton is fantastic.
Jeremy Hardy was funny in the 70s.
Marcus Brigstocke has never been funny.
Mark Steele - words fail me.
Thunderbird does not recognize "jobsworth" (or "cunty", for that matter).
aquachimp
If the article was about neurosurgery you might well be forgiven for
not having not understood it entirely.
Are you saying you posted a link for an article you were unable to
follow?
Ivan
We'll put it this way, I'm not in the least bit ashamed to concede that the
guy who wrote the article I posted the link to "James Palumbo is a former
City banker and founder of Ministry of Sound, the largest independent record
label in the world, which had a turnover of �80 million last year." is
doubtless eminently more qualified to voice his opinions on the shortcomings
of the world's financial markets than myself.
Ivan
We'll put it this way, I'm not in the least bit ashamed to concede that the
guy who wrote the article I posted the link to "James Palumbo is a former
City banker and founder of Ministry of Sound, the largest independent record
label in the world, which had a turnover of �80 million last year." is
doubtless eminently more qualified to voice opinions about the world of
finance than myself.
Fred X
> independent record label in the world, which had a turnover of ￜ80
> million last year." is doubtless eminently more qualified to voice his
> opinions on the shortcomings of the world's financial markets than
> myself.
Only if he knew that the markets were about to collapse 2 years ago
and hence sold all of his stockmarket assets, otherwise he's just
another clueless bloke who used to work in a bank. Don't forget that
these "City bankers" are the ones who helped to create the financial
mess that the world is currently in.
Fred X
aquachimp
wrote:
> On Nov 30, 7:26 pm, aquachimp <aquach...@aquachimp.freeserve.co.uk>
>
> > - Show quoted text -
>
> A link _to_ an article, not _for_ an article. If it had been _for_ the
> article it would have appeared _in_ the article.
Fair enough. Thanks. I have no qualms about having such errors brought
to my attention.
However, you'll find that I might well use the word "for" again rather
than "to" when, as in this instance, the posting of the article seemed
to have a scent of having being posted _for_ the purpose of promoting
a particular newspaper, the beneficiary being equally the exposure of
the article as well.
>
> Are you saying you are trying to have an argument in a language
> (English) that you don't understand?
>
> [Are you having a laugh? He's having a laugh!]
Fred X
> On Tue, 01 Dec 2009 15:42:06 -0000, "Fred X" <alex...@himki.net> wrote:
>> Don't forget that
>> these "City bankers" are the ones who helped to create the financial
>> mess that the world is currently in.
>
> No,no, no Fred! You are supposed to believe that Gordon Brown did it
> all single
> handed. With people like you around no wonder doubts are being cast on
> the
> chances of David Cameron winning the next election.
There's plenty of blame to go around from Brown to those numpties who
took out these 125% mortgages.
Fred X
JNugent
> originated in the USA, but not by the President who was in power at the time.
>
> and not forgetting the Party and their friends who wanted and still want less
> control of The City.
Brown is not responsible for his own actions. He encouraged citizens to
over-borrow, non-stop, from 1997 to late 2008 (after which even he had to
drop that method of "economic management"), but it's *not* his fault. Nothing
is ever Brown's fault. He knows nothing, guv. He wasn't there. It was some
other feller. Nothing to do with Brown.