No deal Brexit or Corbyn government?

Poor_Leno

Well, I could handle it temporarily if a deal was struck and this saga came to a conclusion and everybody could move on. However, think we all know that isn't likely to happen. Afraid to say we will be stuck with this neverendum debate for at least the next generation. The thought of Farage being Deputy Prime Minister sends a shiver down my spine.

Green_Bear

BananaRepublic wrote: »

The prospect of a Corbyn government terrifies me. What we always see with hard Left governments is that they ignore reality. When the economy plummets, it’s always the fault of capitalists, of big corporations, of Fascists and so on. Anyone who criticises them becomes an enemy of the state. We already see this with anti semitism. So many Labour figures deny it exists and blame it on anti Labour groups out to destroy the Labour movement. It is said to be merely a conspiracy, even though senior Jewish Labour politicians are routinely subjected to vile abuse from party members.

The problem in 2008 was that the country had become so dependent on the banking sector, that it was deemed ''too important to fail'' (official UK govt policy).
No private business should be saved by govt. If it's that important, it should be a public service (such as Defence or NHS).

borntobefree

The Lib Dem’s are going to be campaigning on a REVOKE platform.

Vote Lib Dem.

markharding557

No deal Brexit and Johnson or Corbyn government?

In one line the terrible choice we face! We are well and truly screwed!

Thrugelmir

Green_Bear wrote: »

The problem in 2008 was that the country had become so dependent on the banking sector, that it was deemed ''too important to fail''

Obviously the banking system could not be allowed to collapse. Light touch regulation was the issue. Not banking per se.

westernpromise

Thrugelmir wrote: »

Obviously the banking system could not be allowed to collapse. Light touch regulation was the issue. Not banking per se.

No, incompetent regulation was the issue. The FSA wasn't light touch. It was intrusive, prescriptive, and utterly inept. The FSA resembled a man from the council making lists of who had put their rubbish in the wrong bin outside their house while not noticing that the house is on fire.

The FSA's idea of regulation was cretinous formulaic box-ticking that completely failed to notice the flaws in various banks' business models. Pre-1997 the Bank would have done, but Labour dismantled a regulatory strcture that worked and replaced it with one that didn't. It took regulation of banks away from the BoE - presumably because Labour, with its deep insights into the finance industry, understood banking so much better than the BoE.

Consequently Labour's incompetent structure failed instantly when tested, but of course other financial centres had made their regulation worse too, to compete with ineptly misregulated London. So this time Labour wrecked not just the UK economy but pretty well everyone else's.

Takedap

phillw wrote: »

I'd like to add that a Boris Government is also pretty horrific. So any solution that can get rid of him would also be good.

Labour look much better in parliament than the Conservatives do.

It would all be eclipsed by letting Farage anywhere near power.
Hopefully though now that the Brexit Party are going nuclear by demanding nothing less that a No Deal Brexit, people will see the disaster that they would lead us into.

westernpromise

Takedap wrote: »

It would all be eclipsed by letting Farage anywhere near power.
Hopefully though now that the Brexit Party are going nuclear by demanding nothing less that a No Deal Brexit, people will see the disaster that they would lead us into.

Those who support the Jew-hating bloodsoaked Marxist Labour party need to understand that their doing so makes it more likely that Nigel Farage will one day enjoy some political power in this country.

If the LotO is a Nazi booby, some other party is likely to have a Nazi booby as its leader too.

Green_Bear

Thrugelmir wrote: »

Obviously the banking system could not be allowed to collapse. Light touch regulation was the issue. Not banking per se.

Any bank should be allowed to collapse.
The creditors (savers) and shareholders should take the hit.
That's what happens in most other areas of business.

Otherwise you get moral hazard.

Thrugelmir

Green_Bear wrote: »

Any bank should be allowed to collapse.
The creditors (savers) and shareholders should take the hit.
That's what happens in most other areas of business.

Otherwise you get moral hazard.

The wider implications would have been devastating for the economy. As with Northern Rock, RBS and HBOS it's the taxpayer that has picked up the pieces.