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Vince Cable compares BOE to the taliban
Comments
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I believe the major banks are still running on capital to lending ratios of less than 3%. It only takes 3% or other investment of loans to go bad and they would go bust.0
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Graham Beale, the chief executive of Nationwide, which fell short of the requirements, warned last month that the Bank's “crude” measure would constrain its ability to lend.
The crude measure is actually very effective. As stops the banks bending the existing rules to meet the capital solvency requirements.
Vince Cable is rapidly losing my personal confidence. As seems to come out with off the wall comments or those designed to appeal to Joe Public in order to win votes. Rather than actually contribute to the debate constructively. Which is why the obsession with debt in the UK! All well borrowing the money but how is it going to be repaid.0 -
Thrugelmir wrote: »...Vince Cable is rapidly losing my personal confidence. ..
The same thing has been happening to me just about every time Cable opens his mouth and says something.0 -
They're a very specific nerdy type, expert in not seeing the bigger picture.
Like this guy?
http://news.bbc.co.uk/1/hi/uk_politics/7882581.stm
Perhaps if we had had a few more with backbone to stand up to the salesmen we wouldn't be in so much doo doo now."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Graham_Devon wrote: »Seemingly the government won't accept it and won't do anything else.
As there's little that can be done. Deflecting attention away from (the lack of) Government policy onto the banks feeds the media.0 -
The same thing has been happening to me just about every time Cable opens his mouth and says something.
Ditto - as has been said already, I had some time for Cable pre-coalition - but now he seem to spout **** every time he opens his mouth. It's not just about lending either - I run a small business and some of his views with respect to working conditions and employees would put employment rights back in the dark ages...0 -
Graham_Devon wrote: »Either they want responsible lending or they don't and they really need to make their minds up.
They have made their minds up.
They want responsible lending, but the lending of today isn't responsible, it's absurdly tight to ration funds.
Lending today is too tight.
Lending in 2007 was too loose.
We need a happy medium, of sensible, prudent, historically normal lending to creditworthy people. And that would be a hell of a lot looser than today, and not as loose as 2007.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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