The American Congressmen don't pussy foot around

So a bloke called Bernie Madoff ran a ponzi scheme and the world's biggest ever fraud of $50 billion dollars. The American SEC (like our FSA) failed to spot it. This is how the American politicians deal with them. It is awesome. When will our feeble-rsed muppets in Westminster get tough like this?

http://www.youtube.com/watch?v=Ys83oEAlvkM

US Congressman in pleasing the public by being controversial shocker.

US Congressman in pleasing the public by being controversial shocker.

well I liked it. Why should the politicians hold the gangsters to account?

I liked it too. And perhaps those who think this [GB] is the only country where the economy is in trouble, should take a peek too. The U.S. congressman says quite clearly... our ecomony is in crisis...

So guess what..? It's a global economy downturn..! Bit pointless blaming only UK Labour politicans then, as on the other political thread.

I liked it too. And perhaps those who think this [GB] is the only country where the economy is in trouble, should take a peek too. The U.S. congressman says quite clearly... our ecomony is in crisis...

 

So guess what..? It's a global economy downturn..! Bit pointless blaming only UK Labour politicans then, as on the other political thread.

No. Wrong. Superbly, utterly 100% wrong.

Our politicians should have done things differently. For muppets like Brown to take all the credit in the good years - then say over, and over, and over again that he has abolished 'boom and bust' - and then when it all goes tits up to blame the yanks is pure utter ludicrous turd. Our politicians are to blame for our mess. There is no excuses. They failed our economy. Period.

No. Wrong. Superbly, utterly 100% wrong.

 

Our politicians should have done things differently. For muppets like Brown to take all the credit in the good years - then say over, and over, and over again that he has abolished 'boom and bust' - and then when it all goes tits up to blame the yanks is pure utter ludicrous turd. Our politicians are to blame for our mess. There is no excuses. They failed our economy. Period.

I don't think anyone is blaming the yanks. What they are doing is saying that it is not just the UK who are in the ****.

I don't think anyone is blaming the yanks. What they are doing is saying that it is not just the UK who are in the ****.

Brown started off blaming the American sub-prime crisis. He is totally incapable of accepting that it might have been his idiotic policies whilst chancellor which allowed British banks to go unregulated and get so caught up in the US problems. The man is about the most useless, arrogant egotistical non-entity ever to ruin this country.

'No more boom and bust'.. HA! HA! HA! what a w@nker.

Brown started off blaming the American sub-prime crisis. He is totally incapable of accepting that it might have been his idiotic policies whilst chancellor which allowed British banks to go unregulated and get so caught up in the US problems. The man is about the most useless, arrogant egotistical non-entity ever to ruin this country.

 

'No more boom and bust'.. HA! HA! HA! what a w@nker.

Why are you blaming Brown? It would have happened whoever was in charge IMO>

Why are you blaming Brown? It would have happened whoever was in charge IMO>

Then you don't understand. You see, Mr Brown was chancellor of the exchequer from May 1st, 1997 until he became the prime minister. And the chancellor of the exchequer is ultimately responsible for regulating the banks. So, and I really am too tired to go in to detail, to cut a long story short he utterly failed to do his job and the rest is history. He is totally responsible, ultimately. That doesn't get the bankers of the hook, but when the ship goes down, as they say...

Oh, and yes, he was so arrogant to think that he was such a miracle worker that he continually boasted that he had abolished 'boom and bust'.

Nah, sorry the man is an idiot. And the worst part, he is mentally imbalanced to such a degree that he can't even admit that he might have had something to do with the turd we are in. This is the man who spent ten years tearing his hair out that Blair had the top spot. Brown has wanted nothing but to be in power, sucking up to the bankers, in his fantasy land of miracle worker.

He will be judged by history as the worst prime minister this country has ever had, and guess what? We never even got to vote for him! Not even the Labour party got to vote for him to be their leader.

The big problem facing the country is that the alternative, the Tories, is only better because it is NOT labour and Brown. There is nothing to actually inspire me about Cameron and his chinless wonders but at least they aren't the shower of corrupt, money grubbing shizters we have had wrecking this country for the last decade.

As Obama would say: Time for Change. Get this imbecile out of No 10.

I think your political petticoats are showing..!

No. Wrong. Superbly, utterly 100% wrong.

 

Our politicians should have done things differently. For muppets like Brown to take all the credit in the good years - then say over, and over, and over again that he has abolished 'boom and bust' - and then when it all goes tits up to blame the yanks is pure utter ludicrous turd. Our politicians are to blame for our mess. There is no excuses. They failed our economy. Period.

Mate, you are soooo bitter. It's not just Brown's fault it would have happened anyway. Your very public breakdown this weekend has been painful to watch. Why don't you take some time out and relax a bit?

Mate, you are soooo bitter. It's not just Brown's fault it would have happened anyway. Your very public breakdown this weekend has been painful to watch. Why don't you take some time out and relax a bit?

With the correct supervision this could have been avoided. I have blazing rows with my own banks 'risk management' department in what they should be doing. Also don't get personal, this is the best fred I've seen for ages. (Apart from the one where I cut my ******** to pieces with my yale key.)

I want to keep labour in because they are better for my business.

I like the fact at one point he basically done the 'im not driving a mini metro' sketch

Then you don't understand. You see, Mr Brown was chancellor of the exchequer from May 1st, 1997 until he became the prime minister. And the chancellor of the exchequer is ultimately responsible for regulating the banks. So, and I really am too tired to go in to detail, to cut a long story short he utterly failed to do his job and the rest is history. He is totally responsible, ultimately. That doesn't get the bankers of the hook, but when the ship goes down, as they say...

 

Oh, and yes, he was so arrogant to think that he was such a miracle worker that he continually boasted that he had abolished 'boom and bust'.

 

Nah, sorry the man is an idiot. And the worst part, he is mentally imbalanced to such a degree that he can't even admit that he might have had something to do with the turd we are in. This is the man who spent ten years tearing his hair out that Blair had the top spot. Brown has wanted nothing but to be in power, sucking up to the bankers, in his fantasy land of miracle worker.

 

He will be judged by history as the worst prime minister this country has ever had, and guess what? We never even got to vote for him! Not even the Labour party got to vote for him to be their leader.

 

The big problem facing the country is that the alternative, the Tories, is only better because it is NOT labour and Brown. There is nothing to actually inspire me about Cameron and his chinless wonders but at least they aren't the shower of corrupt, money grubbing shizters we have had wrecking this country for the last decade.

 

As Obama would say: Time for Change. Get this imbecile out of No 10.

You sound just like some guys I work with in Brisbane who are saying exactly the same about Kevin Rudd (Aussie PM) who has only been in power for 12 months. He obviously could have completely protected the Aus economy from the GLOBAL financial mess.

Have a read of this list which puts the blame game into perspective..

http://timesbusiness.typepad.com/money_weblog/2009/01/the-ten-men-to-blame-for-the-credit-crunch.html

Not to defend the post-1994 Labour party, but better regulation would just have resulted in it being labelled "socialist", losing the influence of its new pals in the City and very likely not getting elected in 2001 or 2005. Anyone who tried to spoil the party would be committing political suicide by going against the wishes of the majority of people, who disliked the government and disagreed with them on most issues but believed that they'd done a fantastic job economically right up until 2007/8.

There were a few people around with enough nous to see that it couldn't last, but the average person in the street just saw the Mercs floating about in quite ordinary streets and the house prices going up and up and up, and came to the justifiable conclusion that fiscally speaking, everything was great.

Brown made the lamentable decision to take regulation of the City away from the Bank of England shortly after the election win of 1997. At the same time he also gave them control of interest rates.

Eddie George warned Brown of the consequences of taking away their regulation of the City. Unfortunately he was proved right.

It wasn't his finest moment. However, I remain totally unconvinced that Cameron and the hapless Osbourne are the people to guide us through the choppy waters.

Personally, I would like James Purnell as Prime Minister, Vincent Cable as Chancellor and David Davies as Home Secretary. Unfortunately, we have as much chance as Rupert Lowe leaving Saints.

Didn't Ronald Reagan and his dominatrix Maggie Thatcher first deregulate the financial markets in their respective countries?

Didn't Ronald Reagan and his dominatrix Maggie Thatcher first deregulate the financial markets in their respective countries?

yeah, but the real crime was Tricky Dicky ditching the gold standard once and for all in 1971. And Mr Bretton and Mrs Woods lived happily never after...