Sunday, 5 July 2009

Kamikazi Bankers



Alistair Darling has uttered a half truth about Kamikazi Bankers, unfortunately Darling you gave the 'Divine Wind' of Corporatism a lifeline to carry on. Literally you gave them thousands of 'Zeros' in days without any preconditions in days because you were scared and your master was panicking.

I know for fact that State owned Banks are still bankrupting SME's, changing the rules, back tracking on finance agreements to save their scrawny necks. Necks that should have been stretched by bankruptcy.

Yet again it was Party not Country first with you Alistair, you are the last person to be bringing in regulatory reform, slaming the stable door after the horse is three miles away in a field.

A tough chancellor would have allowed the affected banks to fail, and broken them up, if you have to prop up a bank with our money, it should have been with smaller more regional banks, not megacorp.

9 comments:

The UK is becoming East Germany circa 1976 said...

The bank bailouts, both in the UK and the US were and are, all about enslaving us with tax debt to the corporatist bankers aided by our corporatist government. We are being enslaved in the name of salvation.

ZaNuLabour = Corporatism = Fascism

Maturecheese said...

A tough chancellor would have allowed the affected banks to fail, and broken them up, if you have to prop up a bank with our money, it should have been with smaller more regional banks, not megacorp.


Whilst I am no fan of the corporation I can see a small flaw in that statement. If the government had broken up the Big failing banks into smaller regional banks, they would have been swallowed up by other large banks eventually and we would be back to square one but then the banks might well be foreign owned. This maybe could be legislated against but wouldn't that be a form of protectionism?

Anonymous said...

Badger, badger, on the wall,
Who is the guiltiest of us all?

What has to happen before you lot will tell the truth? What are you all waiting for, hanging on like grim death?

Do you know what fascism is, badger? It's what happens when big business meets politics, to the advantage of the very few and the disadvantage of the very many, and is thereafter maintained by force and unelected people.

Big banks are big business, badger. They are nationalised. Hint.

EU commissioners are not elected, badger. Another hint.

Five members of this government are not elected. Or is it six? Last hint.

Come on, badger. Tell us where it is all going. We don't want to see you crying in Parliament do we? Even though much of the time you look as though you will.
DZ

Guthrum said...

If the government had broken up the Big failing banks into smaller regional banks, they would have been swallowed up by other large banks eventually and we would be back to square one but then the banks might well be foreign owned

We already have the monopolies and mergers commission which has acted like a toothless tiger in relation to bank takeovers, conversion of Building Societies into banks. They have allowed just four banks to effectively operate a cartel in the UK, an utter disaster

Anonymous said...

Just a further example of how NuLabour has been betraying the country & the voters, at the behest of their EU masters. Lamposts all round!

Fausty said...

Darling is Blair's man and Blair is a slavering europhile after serious power. If Blair gets it, Darling might be rewarded.

Integrity has nothing to do with it. They're all power-mad.

Gareth said...

Maturecheese,

The smaller regional banks would have HMG as the majority shareholder. They could only be swallowed up if the Government allowed it. Had the Government the mind to break up the banks that were 'too big to fail' they would not have wanted them to be sold off immediately either.

You're right to raise the issue of protectionism. Small, state supported banks would be a form of protectionism and state aid. Propping up the massive banks is also protectionism and state aid. The difference is the latter (non)solution to the problems with the banking sector has the seal of approval from the EU.

They're all a bunch of cunts. International banking regulations were formulated by these shits when they come together in Basel and via the Bank of International Settlements. It is collusion. A monopoly. Unaccountable and unelected to run the global economy but allowed to do so by our politicians. By trying to normalise every country's banking sectors they have done away with the differences. They have done away with the little things that can make big differences when the chips are down. How can you find better ways of doing things if everyone is doing it the same way? You end up having to rely on computer equations and guesswork rather than actually seeing cause and effect in action. Evolutionary theory suggests if you over specialise you breed in extinction. A homogenous banking industry colluded and created when times were good has been unable to survive a time of crisis.

I don't ascribe it to some over-arching nefarious plan, just incompetence. The elected representatives were all too quick to push the decision making process further and further away from our reach. 'To make things better' they said. Bollocks. It's to shift the accountability away from themselves so they have less real work to do.

Anonymous said...

....and Lloyds shareholders were robbed by Zanu Liebour to prop up their bankrupt economics in the form of Bank of Scotland. It should have been left to go to the wall.

paul said...

Ive always laughed at the "too big to fail" nonsense, seeing as it is a euphemism for "too pally with the government to be allowed to lose money"

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