Sunday, 26 July 2009

Make yer mind up, Darling........


Alastair Darling to the House of Commons 12 February 2009
"It was recognised as being absolutely necessary to recapitalise the banks because we were within hours of the banking system collapsing last October; that is why we did it."
Alastair Darling to the Financial Services Authority 27th March 2009
"Banks everywhere took on too much risk, and worse, risk that many didn't properly understand. [...]Turning to the G20 next week, Mr Darling demanded a new system of regulation "to ensure banks do not over-extend themselves."
Alastair Darling to the Andrew Marr Show 26th July 2009 (Today)
"We did it because if you don't have a banking system that creates credit for businesses then you will make recovery and prosperity after that much more difficult."
"That's why we will be going through with each individual bank asking them why is it, at a time when the cost of borrowing is coming down, it would appear that the cost to small business appears to have gone up?"

Possibly because they don't want to take on 'too much risk', nor 'over-extend themselves'?

18 comments:

toxic timebomb said...

We don't need a new system of regulation for the banks. Enforcing the present system would have stopped the collapse.
Northern Rock's loan to deposit ratio of 377% and HBOS at 175% wasn't in the rules. It was supposed to be below 100% to avoid the pyramid scheme effect. Their managers should be in prison not on more bonuses troughing on the taxpayers bailout money.
It will all come crashing down again anyway when the toxic debt moutain overwhelms the government. It's still there at quadtrillions getting bigger and bigger with no sign of anyone trying to liquify it.

North Northwester said...

"...because we were within hours of the banking system collapsing last October..."

Amazing where eleven years of Prudence Brown will get you.

He is, thank God, the best placed person to lead us out of the storm of his own making to the sunlit uplands of lifelong debt bondage which will be his lasting bequest to the children of this nation.

caesars wife said...

Ive noticed this , they still refuse to fess up to making banks into casinos and gambling everyones pension away .

Its just the way they keep thinking everyone is stupid and will forget .

That throw away line of trooping in banks to help small businesses given that SMEs account for 50% of economy you would have thought he would have wanted to do it 8 months ago .

I think what nu labour have been doing is covering up , goverment investments with (private partners) get rich schemes attached , these are the debts that we own and are going to underwrite , but cannot enquire about !!.

I also think all this moeny they have thrown at the banks , is to inflate there balace sheets to make them ready for sell off , and everyone else has been spun a load of rubbish whilst they went to the wall .

Labour are just trying to cover there tracks from the crime of murderiing the UK economy for marxist/NWO ideaology.

Obama faces prison - has no legal command over the armed forces said...

Obama WILL be Impeached

The result of the court case below means that Obama and his legal team have virtually surrendered – all they can do is rely on the judges blocking the cases, but the judges cannot do that forever.

More and more people will be issuing writs refusing presidential orders – until the point that Obama either throws in the towel or impeachment begins.

Obama has become the most succesful con man in history, a con man whose entire political life was based on lies.

His most succesful lie was where he was born – he used it to claim Natural Born Citizenship and a right to stand for president, when he was in the exact same position as Arnold Schwarzeneger in that Arnie caanot stand for President as he is a Citizen of the US but not a Natural Born Citizen.

Therefore both Obama and Arnie are unable to be presidents of the US under the terms of the US constitution.

The failure to prove that the president occupies his position lawfully as in this case shows us that, just as in the case of the law to allow income tax for workers, there is no law.

This is just another example of tyranny.

Add to the issue the fact that Obama and his legal team allowed fake documents to be printed and circulated to act as his birth certificate, then this shows that not only is the president illegal but he is probably being blackmalied by those who printed and supplied the fake birth certificates.

Therefore America is in the worst of all positions – it has a usurper as a president who is controlled by the criminals and blackmailers who got him into power.

America is now Zimbabwe.

The only thing that will stop Obama being impeached if is the US is declared by him as to be in a state of emergency and all civil laws suspended, such as a court case to get him out.

Therefore expect as these writs get closer to revealing the lies that got him elected, then expect the most destructive terrorist act in American history on US soil to happen, a war against Iran that quickly escelates into a massive Middle East conflict or some other ‘false flag’ operation related to terrorism to begin to impact upon the US which will allow the government to declare martial law.

http://asitoughttobe.wordpress.com/2009/07/17/war-is-over/

Lord Mandelbottom of Marrakech said...

Be fair Anna. Badger is only saying what I tell him to.

Much Love (but not the biblical type)

Mandy

Dick the Prick said...

I hope you're not suggesting he's a lying twat? Shocked etc etc.

DJ Savage gets evidence he needs against British goverment said...

Secret Government documents have revealed that American talk show host Michael Savage was only included in a British government ‘banned list’ because it was dominated by Muslims.

The documents have been made public as part of the discovery process in Mr Savage’s ongoing £100,000 libel case against former Home Secretary Jacqui “I never ran anything before the Home Office” Smith.

The official correspondence, released under the Freedom of Information Act, has revealed that Mr Savage’s name was placed on a list of people banned from Britain only to provide “balance” and that officials specifically warned the Government that it could be accused of being “duplicitous” by including his name.

Referring to Mr Savage by his real name of Weiner, one of the email messages, dated 27 November 2008, from an unnamed Home Office official, says, “with Weiner, I can understand that disclosure of the decision would help provide a balance of types of exclusion cases.

“We will want to ensure that the names disclosed reflect the broad range of cases and are not all Islamic extremists.”

A further email confirmed the decision was approved at the highest level of Government, saying: “HO [Home Office] intend to include Weiner in their quarterly stats… Both the FS [Foreign Secretary] and PM [Prime Minister] are firmly behind listing and naming such people.”

One civil servant counselled caution, saying: “I think we could be accused of duplicity in naming him” and helpfully added that “the fact that he is homophobic does help.”

Mr Savage had earlier accused Ms Smith of having plucked his name out of a hat because he was “controversial and white.” These latest revelations add weight to that charge.

Speaking to the World Net Daily news service, Mr Savage said it was now obvious that the Home Office chose him to balance the list of Muslim extremists because he is Jewish.

“The name Dreyfus comes to mind. They have attempted to destroy my reputation to avoid offending those Muslims who want to destroy them! The Warsaw ghetto comes to mind, where some Jews threw other Jews into Gestapo hands to live another day,” he said.

“Make no mistake about this — they ‘chose’ me because I am the only talker in the top five who is Jewish! The old anti-Semitic strain has resurfaced in England, not among the right wing, but on the socialist left. This should galvanize every member of the U.S. media, but will it?”

Mr Savage said his message for Ms Smith and the people of the UK was, “Shame on you. Shame that you’ve fallen to such a low level.”

“It’s interesting to me that here I am a talk show host, who does not advocate violence, who advocates patriotic traditional values — borders, language, culture — who is now on a list banned in England,” he said. “What does that say about the government of England? It says more about them than it says about me.”

Anonymous said...

Labour have given all our money (or not, as it is all borrowed money) to the banks and with an election coming up have nothing to buy votes with.

Solution: ask the banks to be more generous with their lending so that can be trumpeted as another success story from the Saviour of the World Banking System.

ignorant savage said...

He might not be an extremist but Mr Savage is obviously an ignorant twat.
'Government of England '? WTF happened to Scotland, Wales and Northern Ireland ?
Typical thick American.

bofl-too lazy to sign in! said...

the current interbank lending rate is around 1%! (3 month libor )

my parents just asked for a loan at the hbos.......

14.9% !!!!!!!!!!!!!!!!!!!!!!

as usual gordon and darling and the banks keep fucking the uk public.......

Anonymous said...

My ISA currently pays 0.5% interest!
Fucking useless.

Anonymous said...

@ Obama has no legal command 16.10

Here is another link that shows that Obama is not a natural born citizen. It is the blog of Leo Donofrio who recently took a case to the Supreme Court. The birth certificate may or may not have merit but it is distracting from the central issue, that Obama is not a natural born citizen because of his father, a Kenyon, was at the time of his birth a British subject.

I can`t believe that when Obama and McCain were being selected by the american ruling classes that this was not known about which raises the question about what motives lie behind all this.

http://naturalborncitizen.wordpress.com/

Anonymous said...

Here is a rare thing to come out of the BBC. File on 4 (on radio 4) which is actually reporting real news about how the Special Fraud Office is allowing corporations to commit massive and serious frauds and to escape justice by settling out of court and paying reduced fines with no penalties for the individual defendants. Someone pinch me, but isn`t this sedition and treason?

http://news.bbc.co.uk/1/hi/business/8159207.stm

Anonymous II said...

Just who controls the medias news remit?
Yesterday the town of Louth, in Lincolnshire, lost its entire water supply for seven hours, forcing the towns hospital to be closed to any new admissions, yet there was no mention on any web page, neither local newspaper, nor the BBC east midlands, who I know were informed by locals, covered this seemingly major story.
The hospital management, were told, by Anglian Water, that the previous days lightning storm had damaged the pumps, which would, given that the supply was not discontinued till 11 o'clock the next days morning, ample time to have informed the towns people, of necessary maintenance work, and permitted them to fill any receptacles with sufficient cold water to last the day. All we got was silence, and an almost instantaneous cut in supplies.
Perhaps rather telling, is the fact, that after, for over 12 hours since water supplies were resumed, they were still flushing the supplies near the hospital! The locals, contrary to southern opinion, are not totally stupid, and two rumours, both plausible are doing the rounds. (1) Operator error (perhaps too much alum), or, (2) suspected terrorist attack on the nearby covenham open reservoir.

Whatever the truth, it would appear that the media were deliberately hushed.

Anonymous said...

'the differing views of a Chancellor who knows naff all about the economics of running a country & is an inveterate liar'.
Good item Ms Raccoon

Barking Spider said...

Tim Walker came out with a good off-the-cuff quickfire answer on Sky News last night.

Re. "best placed to lead us out of the recession" he said, "that's like the captain of the Titanic saying they were best placed to hit the iceberg".

Anonymous said...

According to some talking head on 'Wake up to Money' this morning this has all came about as the government has said to the banks 'We have invested all this money in you, you must be seen to be profitable as soon as possible' (I imagine for political expediency as well as being able to tell the nation that 'We're past the worst of it just look at the banks figures and ignore the lagging unemployment figures') so the banks have done the only thing they can do and that is widen their margins. They also waffled on about arrangement fees and how they're just a license to steal.

He also made the point that the banks are still vastly undercapitalised and that the government insurance scheme (that's a laugh but that's another topic all in itself) doesn't cover credit card debt and the banks fear they are sitting on a time bomb with that one as well.

Anonymous said...

A pair of dog turds - one brown - the other white!

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