Who is to blame?

nearlyrich

Margaret Thatcher was elected before I was old enough to vote and I am 50 soon, give her a break she is not responsible for all the ills of the western world.

StevieJ

aelitaman wrote: »

Northern Wreck went bust not because of bad mortage lending it went bust because of bad business model dependent on funding from other banks instead of deposits.
RBS went bust because of bad managment buying an overpriced asset ABN, at the top of the market for CASH. So when the crunch came did not have enough cash.
HBOS went bust because of crazy lending in the commercial property sector not residential mortgages.

I have want to see proper regulation from the FSA and there are a lot more important issues to start with than residential mortgage lending. Stupid takeovers, crap business models and overexposure to a particular sector should be looked at first.

Good to see that you don't subscribe to the 'crazy mortgage lending being the route of all the UK problems' view.

tomterm8

Sweey_as_a_nut wrote: »

Am I right

No

Sweey_as_a_nut wrote: »

Or did I just dream it all.

Yes.

You do know that the Tories under lawson actually introduced many of the reforms that people are saying we should introduce to regulate the banks now? That the Labour party actually gutted the reforms that the Tories introduced? So, actually, I know who I blame. And it isn't Thatcher. Although, Thatcher was a demented old coot, she actually moved to stop the banks.

Pennywise

We're onto our third prime minister since Maggie and fourth Parliament - had any of her successors thought she was wrong they had ample opportunity to so something about it. This constant harking back to Maggie is ridiculous - it's 20 years ago for Pete's sake!

Kohoutek

If we're going back to the '80s, why not blame the intransigent union leaders for helping to destroy Britain's heavy industry which lead to our dependence on 'services'?

You can't have industry that insists on standing still when we're competing in a global economy - do you think they have Arthur Scargills in China, South Korea and Taiwan?

Mr.Brown_4

StevieJ wrote: »

Good to see that you don't subscribe to the 'crazy mortgage lending being the route of all the UK problems' view.

1. A carrot is a root vegetable.
2. 125% mortgage!
3. It's a RouteMaster bus.
4. 125% mortgage!!
5. Henry Root wrote letters to famous people.
6. 125% mortgage!!!

StevieJ

Kohoutek wrote: »

If we're going back to the '80s, why not blame the intransigent union leaders for helping to destroy Britain's heavy industry which lead to our dependence on 'services'?

You can't have industry that insists on standing still when we're competing in a global economy - do you think they have Arthur Scargills in China, South Korea and Taiwan?

Have you seen Thailand when they don't get their own way :eek: And the Frenchies don't take any prisoners.

http://www.youtube.com/watch?v=gI23Kar9zy4&feature=related

Sweey_as_a_nut

Yes, it goes back to the 1980s, and conservative policies from them days are still haunting us now, and if you think you can alter something so fundamental as to deregulate the banks after it as been set in motion you can't. why some Tory policies even goes back to the 1960s remember Beaching and the railways. They put policies through and we have to live with them.

One I fear they might have a go at if they get in is, to sell off large parts of the BBC they could make billions on that little wheeze, and their arch supporter Murdoch would absolutely be delighted. You might think this is far fetched, but.

That's why we need to think, who to vote for

aelitaman

Sweey_as_a_nut wrote: »

Yes, it goes back to the 1980s, and conservative policies from them days are still haunting us now, and if you think you can alter something so fundamental as to deregulate the banks after it as been set in motion you can't. why some Tory policies even goes back to the 1960s remember Beaching and the railways. They put policies through and we have to live with them.

One I fear they might have a go at if they get in is, to sell off large parts of the BBC they could make billions on that little wheeze, and their arch supporter Murdoch would absolutely be delighted. You might think this is far fetched, but.

That's why we need to think, who to vote for

Do you still dress as a Victorian or seeing as your whole argument is "It was better in the past" dress as a Cave Person?

Mr.Brown_4

Sweey_as_a_nut wrote: »

That's why we need to think, who to vote for

<think>How can I get rid of Brown?</think>
Vote Tory.