solentstars

i told you maggie was not a socialist even though blair was her son

why we all laugh at him anyway let him live in his 1950s world.

Bank of England governor Mervyn King has blamed financial firms and policy-makers for the economic crisis, admitting: "We let it slip." Addressing the TUC's annual congress, Mr King told unions they were "entitled to be angry" about higher unemployment and the bail-out of banks. Mr King told delegates: "Recent times have indeed been turbulent. After a decade-and-a-half of stability, with rising employment and living standards, came the crisis and recession - the biggest economic upheaval since the Great Depression. "Before the crisis, steady growth with low inflation and high employment was in our grasp. We let it slip - we, that is, in the financial sector and as policy-makers - not your members, nor the many businesses and organisations around the country which employ them. "And although the causes of the crisis may have been rooted in the financial sector, the consequences are affecting everyone, and will continue to do so for years to come." so its from the horses mouth that the banks caused the worldwide slump Mr King added: "An unprecedented degree of policy stimulus, here and abroad, prevented another world slump and why money was pumped in the economy to stop a depression but lets see the little tory boys call him a liar rather than face the real facts.

If there was a listing of individually initiated financial disasters, the depredations of Ponzi-schemer Bernard Madoff might rank at the top, but opinions may differ on how much of an insurance catastrophe he has created. Mr. Madoff—who was arrested in December 2008 and finally sent to prison for 150 years this June—is credited with ripping off clients of his Bernard L. Madoff Investment Securities LLC to the tune of between $10 billion and $20 billion. “How could they have done a proper audit of the assets of a hedge fund if assets weren’t really there? We now know that Madoff didn’t even trade for the last 13 years, so there was a real lack of due diligence on the part of the hedge funds and their auditors,” she said.

The financial crisis of 2007 to the present is a crisis triggered by a liquidity shortfall in the United States banking system [1] It has resulted in the collapse of large financial institutions, the bailout of banks by national governments and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. It is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s.[2] It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, substantial financial commitments incurred by governments, and a significant decline in economic activity.[3] Many causes have been suggested, with varying weight assigned by experts.[4] Both market-based and regulatory solutions have been implemented or are under consideration,[5] while significant risks remain for the world economy over the 2010–2011 periods.[6] The collapse of a global housing bubble, which peaked in the U.S. in 2006, caused the values of securities tied to real estate pricing to plummet thereafter, damaging financial institutions globally.[7] Questions regarding bank solvency, declines in credit availability, and damaged investor confidence had an impact on global stock markets, where securities suffered large losses during late 2008 and early 2009. Economies worldwide slowed during this period as credit tightened and international trade declined.[8] Critics argued that credit rating agencies and investors failed to accurately price the risk involved with mortgage-related financial products, and that governments did not adjust their regulatory practices to address 21st century financial markets.[9] Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion, and institutional bailouts.

so those thousands and thousands of pounds of tax he pays every year which subsides the rest of society is not contributing? i agree its not like hes in the army or a nurse or doctor and do,s not manufacture anything but we got to feel sorry for a guy who earns 125 k ha ha,i guess its a wind up .i,ve earned good money and payed my taxs but i do not whine or go for tax avoidance.

i agree in fact cameron seems left wing compared to the present day labour party

so the thatcher government was socialist then you always amaze me

that sounds like common sense

i think history will look kinder on brown and his part of saving a worldwide banking collapse and unemployment not reaching the levels of the 1980,s something and thatcher government did not have to deal with during their 2 recessions. it was under majors government a revival of economic growth and the beginnings of the Northern Ireland Peace Process,which blairs government inherited.

i think the governments around the world have pumped money into the world economy to save the banking system and avoided a global slump and world depression which would have caused mass unemployment like the 1930s and thankfully we have avoided that. lets hope the banking system will use sound money and never give money to people who had no chance of paying back in the future.

at last the bankers who pay the tory party get a mention unlike the usual die hard torys who blame everyone else bar the fatcats.

hoddle was a good manager and laid the foundations for gorden strachen and i know we would have not been relegated if he was reappointed,but that is all in the past we are now a league 1 club and thats the reality.

RIP - i'm sorry to hear about your loss,we all love our mums.

great appointment

me to i really rate the guy and can see him being along time appointment.

i agree i grew out of that and most people don,t even know the labels plus i saved loads of money not paying silly prices for the junk,but their again i,m a confident person so i don,t need the clothes or latest gadgets to boost my ego.

has a coloured guy speaking you are right that was my era plus loved all soul,reegae and slde music and clothes and it was the racist far right nf who are now the bnp who adopted the skinhead look to try to spread their hate message.

i agree its the lack of reasons for the withdrawal of the payment plan of season ticket at short notice which lead to supporters not trusting the guy,he should have let people know he was looking at a swipe card system.

i,ve always wondered that to always seems to be into far right causes.

2010 is the year

i remember him to

and i believe in fairies and the s****horpe chairman .

i agree hes a loyal guy who spent years with his club rather then those chancers who leave at a drop of a hat. old fashioned morals compared to dump on your neighbour attitude we seem to have.

hope you recovered from that ordeal