Let me get this right:- the banks have seized up because they lent money to high risk borrowers who wanted to buy houses.- the houses increased in price and people bought Chinese gadgets backed on credit which was based on the inflated valuation of their houses.- people started to default on their mortgages and asset values dropped and all of a sudden the banks were left holding huge piles of poo in the form of unpaid debt backed by worthless assets.------------------The fiscal stimulus both here and in the US is ultimately intended to restore faith in property values - therefore the toxic debt held by the banks comes good once people start to believe it is good. In Britain the nationalised banks come good too and the Government ends up sitting on a pile of assets instead of liabilities. Prime Minister Brown is not a fucked up loon in charge of the clattering train crewed by wankers - he's a genius ! We're all going to be rich !!! RIIIIICH I tell yer !!!------------------(BTW. If human consumption really is the root of global warming why are the left so keen to re-stimulate a credit bubble ?)
What a tool. You would have thought he would have combed his hair before going on the telly.Notice that he says his job as an MP is to get labour re-elected. No mention of serving his constituents.What an arrogant unpleasant cock. Typical NuLieBore.
What a nasty bad mannered little tosser! No wonder Labour are going down the pan of crap creek if tossers like this man is a Labour MP.
- the banks have seized up because they lent money to high risk borrowers who wanted to buy houses.Almost right E-K, what you should have said was.....- the banks have seized up because they lent money to high risk borrowers who wanted to buy houses, because the Clinton Administration was pushing them to do this in the States, Blair was pushing them to do it here.The LPUK would have let the banks go to the wall, broken them up overnight into Regional banks, sacked the Directors without compensation,their share options and pensions worthless.There is no moral hazard in Banking anymore, you act like a twat and get rewarded with keeping your bank,your job and have the opportunity to put thousands of businesses out of work and given Billions of our grandchilrens money.Those banks that resisted acting like twats because of the knighthoods on offer from Brown to the likes of Goodwin, deserve to be in business because they are good at Banking, not being Brown's lickspittles.
"Be quiet then while I speak"What a fucking horrible rude prick that bloke is.Actually, he looked a little like the snot gobbler in his student days. An ugly freakish gimpUrban11
Fucking Snap, he features over at my place today.Complete wanker, it's making him go blind.The Penguin
@Guthrum: I think the problem is that there was too much moral hazard in banking, rather than too little."Moral hazard arises because an individual or institution does not take the full consequences and responsibilities of its doings, and therefore has a tendency to act less carefully than it alternately would, leaving another party to hold some responsibility for the consequences of those actions."
Chris Said:Sorry you are of course right- this is what happens when I am multi tasking !
SUCH a rude little prick, with only half a braincell and an ego too big to fit into the studio. He doesn't even know he's meant to be serving his constituents...
The bloke is a hoon.
What a greasy turd he is.I had to stop after 2 mins because my computer already has two broken keys.Wonder what his expenses will be like when they are published? I hope we have a few dogged forensic bloggers goin over them.
God, how I detest this obnoxious cunt. Guaranteed to make me go to the gym, get the gloves on and pummel the shit out of the heavy bag.
Heavy Bag? What, you mean Leanne Salt goes to the gym?I'm beaksmacked!The Penguin
Went out for a walk, left my computer on and when I came back that little shite was still there staring back at me with his taodhole of a gob.Took the fun out of the walk.He really does have an fucked up mix of accents there. Not sure which one if any is his real one. Bit of a Nigel Kennedy tosser.Sort of face and person I wouldn't get tired kicking.wv = ALIANS could well be true
It's just a pity that his fucked-up genes will only make him blind, not dead. So we'll end up with a poor man's Blunkett - a nauseating thought.Sion Simon's congenital, hereditary, fucked-up physiology started in America. He is best placed to amuse us for years as he degenerates.
What a complete arsehole. Lets see more of him in the run up to the election. He will be a great asset to Nu Labour:-)
It's sometimes said that people pontificate like 6th formers. This Simon guy actually does! He is a fucking caricature. What a great find.
He is like a send up, a caricature of a labour gobshite. An anti labour spoof/ sketch maker couldn't have done better.
nu labour =new tantrumswhat an arse !
God, isn't that Simon git a pillock?Reminds me of that nasty, stroppy little sod in Accounts - no talent, no use, just obstructive.Where the F@@@ do NuLab get these idiots from? I wouldn't pay him £20,000 a year, let alone three times that.Congratulations to the much better brought-up interviewer. She was completely unfazed by his rudeness and gave him a lesson in manners, which I am certain will have passed him by.
What an obnoxious little creep. Utterly indicative of this regime.
Can you imagine how awful it would be if Britain was run by Fascists?They'd make sure everyone carried identity papers and you'd be arrested if you failed to show your papers to a policeman, a policeman who would be armed with stun guns and two handled billy clubs and who'd beat unarmed demonstrators to the ground if they protested government policy. The police would be granted the right to intern suspects without charge for months and if anyone spoke out against the government they'd be arrested as "terrorists".There would be constant monitoring of every citizen by CCTV on every street corner, the government would have access to your emails and phone messages, Jesus, they might even do crazy stuff like implanting computer chips in your bins to monitor your rubbish!Anyone who happened to dislike some aspects of the government's social policy would be forced out of business and making jokes or speaking your mind about certain protected classes of people could see you losing your job or even your children. The state would gain control over the lives and livelihoods of tens of millions of citizens and anyone who deviated from "acceptable" standards of behaviour would be punished by being deprived of health or welfare assistance.The state run media would be intimidated into parroting government spin and lies and everyone from doctors and nurses to teachers and neighbours would be expected to report to the government any behaviour which was deemed to be outside government decreed standards.Who knows they might even go crazy and start invading other countries.Er. . .Hang on a minute.
How safe is this goons seat, can the BNP, Libs or the Tories take it from him?
The word 'cunt' when used for abuse was invented for perople like him.What a total and utter CUNT.Idf' never heard of him before, but if he's the future of Labour then they truly are fucked.Plus he used 'egregious' twice.So he's a repetitious CUNT.
Who knows they might even go crazy and start invading other countries.Er. . .Hang on a minutelol, nice one. how true. See you in the thought correction centre.
I thought it was rather good when he told that TV tart to be quiet. They do rather like to interrupt. It's a shame politicians let them get away with it so often, so fair play to that thing she was interviewing.However, steveshark said in his comment "What a total and utter CUNT."I'll second that.
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