Dail Mail article, says "UK's banks had been three hours from total collapse".

Mandark

StevieJ wrote: »

It so obvious !!!!!! would the govt cough up all that dosh :rotfl:

Yes I disagree with the Mail. The banks had in effect already gone bust - hence the bail out.

In that Panorama programme with Robert Peston, a Bank of England guy said that it was unclear on that Friday whether some banks would be able to open their doors on the following Monday. Old news really!

chucky

tomstickland wrote: »

http://www.dailymail.co.uk/news/article-1127273/Knees-Treasury-Britain-plunges-recession.html

another over dramatised story for the doom mongers who have been warning us for years bla, bla, bla, bla, bla

the story has been posted about four times now :rotfl:

Kenny4315

marc.faulkner wrote: »

I was going to suggest the Daily Sport, as at least that has pretty ladies to make up for the lack of content! :D

The Daily Sport is absolute filth :mad: , its disgusting :mad: , crude :mad: and lacks any degree of sensible journalism :mad: .

But as you point out there are some good pictures, and as a result I second this motion.

wintersunshine

!!!!!!? wrote: »

At the time, some of us regulars were warning of the strong possibility of bank failures and of course being slagged off by the usual suspects as 'doom mongers'..

You are not the only one with a memory. I remember, not so long ago, the regulars ( NDG and your dear self) on this board "telling us" that "a recession was good for us". We warned you that recessions were bad for us - I mean look at all those lawyers losing their jobs.......public sector next I fear....

neverdespairgirl

wintersunshine wrote: »

You are not the only one with a memory. I remember, not so long ago, the regulars ( NDG and your dear self) on this board "telling us" that "a recession was good for us". We warned you that recessions were bad for us - I mean look at all those lawyers losing their jobs.......public sector next I fear....

I don't think I've ever said recessions are a good thing. I'd like you to back that up, or withdraw it, pronto.

It's something you've tried to accuse me of before, and it's a bit dull.

In December I said:

I regretted the ridiculous HPI of the last few years. I also regretted the massive debt run up, both by the state and individuals.

I thought, and still think, that in social terms higher house prices are a Bad Thing and lower ones a Good Thing.

It seemed inevitable to me that the housing bubble would burst.

That's not exactly the same as wanting a recession, more seeing it coming.

http://forums.moneysavingexpert.com/showpost.html?p=16683661&postcount=26

also in December:

Originally Posted by wintersunshine

Again, I have no idea why you all think you are immune to the recession?


I don't think anyone thinks this. Stop sticking up straw men, it's dull.

http://forums.moneysavingexpert.com/showpost.html?p=16808677&postcount=74

Back in October:

Originally Posted by StevieJ
I think you were predicting a 1930's like recession were you not? I for one don't want that, although if you may help you to purchase a cheap property.


That fact that !!!!!! predicts something will happen doesn't mean he wants it to.

http://forums.moneysavingexpert.com/showpost.html?p=14959479&postcount=46

Back in Feb 2008, I said:

To be honest, I think we all feel a bit nervous about the idea of a recession - excepting, maybe, debt collectors and receivers?

http://forums.moneysavingexpert.com/showpost.html?p=8732701&postcount=250

StevieJ

Back in October:

Originally Posted by StevieJ
I think you were predicting a 1930's like recession were you not? I for one don't want that, although if you may help you to purchase a cheap property.


That fact that !!!!!! predicts something will happen doesn't mean he wants it to.

What is the relevance of this to your argument
Although it does help him buy a cheap property, as I said :eek:

StevieJ

chucky wrote: »

another over dramatised story for the doom mongers who have been warning us for years bla, bla, bla, bla, bla

the story has been posted about four times now :rotfl:

It is funny, good old Tom claims he reads a wide variety of newspapers but he seems to have an affinity with the Daily Wail :eek:

chucky

StevieJ wrote: »

It is funny, good old Tom claims he reads a wide variety of newspapers but he seems to have an affinity with the Daily Wail :eek:

it's called attention seeking and headline grabbing - i've been warning posters about this for years (but i've only been a member for 18 months).

WTF?_2

StevieJ wrote: »

Back in October:

Originally Posted by StevieJ
I think you were predicting a 1930's like recession were you not? I for one don't want that, although if you may help you to purchase a cheap property.


That fact that !!!!!! predicts something will happen doesn't mean he wants it to.

What is the relevance of this to your argument
Although it does help him buy a cheap property, as I said :eek:

At one stage there were quite a few posts along the lines of those predicting gloomy outcomes actually wanting them to happen - stuff like 'are you happy now you got what you wanted?' and the like.

Before that, when house prices falls were predicted, the cries were 'talking down the market' as if those predicting falls were somehow trying to cause them.


Quite obviously no-one wants a recession or depression - it's certainly not in anyone's interests but that doesn't seem to stop anyone putting forward a bullish analysis of the facts from taking stick along those lines.

The distinction between predicting and desiring should be obvious, but given the way the two are frequently conflated here it bears repeating.

And people who desire sensibly priced houses that don't require a credit-crunch-inducing level of debt don't have anything to apologise for either. They aren't precipitating a crash by doing so, just acknowleding it as an inevitability. Quite aside from anything else, if this mad house price boom hadn't been allowed to go on for so long we wouldn't be in the economic mess we are now.

tomstickland

StevieJ wrote: »

It is funny, good old Tom claims he reads a wide variety of newspapers but he seems to have an affinity with the Daily Wail :eek:

The Daily Mail is best for quick fix of outrage or drama. I do actually spend more time reading the Guardian and Times, along with various political blogs.
However, you are free to make assumptions if it makes you feel better.