What Caused Our Economic Crisis?

Well, with the latter , of course, the taxpayer picks up the tab. Having said that, I would much rather our government here retained control of our utilities, and all nuclear and sensitive industries, by nationalisation, than allowing them to fall into the control of foreign companies and by that token, foreign countries.

All I am saying is that here we have the worst of all world's politically. Our government just does not know when to hold 'em, know when to throw 'em, know when to walk away and know when to run. No money, no houses, no room, no privacy, no safety, no controlled borders, no idea of how many of us live here, no idea of many illegals we have in our economy, and so on and so on.

Now this thread asks who created the financial problems. Well, we know all about the banks and their greed and irresponsibility; agreed. But we have checks and balances in the Ministry of our Chancellor of the Exchequer, who claims to be just about the world's greatest consultant on finance, calls himself the Iron Chancellor, claims to have detroyed boom and bust for ever. Now he is Prime Minister. His right arm should have been The Bank of England and its powers.

So here in Britain, I say that the buck stops with government who have enjoyed unbridled power since 1997.

And TOG, I expect you feel the same about your government, although, after only 8 years, the critics seem to feel that in your case the problem reaches further back than that.

That's all, folks. Not politickin, just pinning the blame where it belongs, in our case, which is within my experience.
 
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Has anyone seen 5.56 x 45mm?

Is he standing behind a curtain or hiding under a table or just busily researching Youtube for another juicey piece of Republican party slant on the financial crisis?
 
http://www.youtube.com/watch?v=mzJmTCYmo9g

this came out way back some of us saw this coming a long way off

A little addition, my wife has a bunch of friends who I am not thrilled with, one of them owns some investment scam business, when home prices were at the highest He wanted me to use my house as a bank. Which to me was crazy and reckless. I turned out to be right. Your house is not a bank it is a house.

When people aske me what is going on I send them this link.
 
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British humour at it's very best. My laughter is all that prevents me from going outside (Shirl wouldn't want bloodstains on the carpet) and cutting my throat, with the realisation that it is all so very true.
 
Side note Washington Mutual holds my Mortgage note. I have been a good customer paid always paid on time. Never late. In fairness to WaMu they were a pretty good company to deal with.
 
LOL. :-DBird and Fortune are always great; they are a great favourite of mine. At their best as politicians under interview, Ministers etc.

What a great pity it's true.
 
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House votes down bail-out package

The lower house of the US Congress has voted down a $700bn (£380bn) plan aimed at bailing out Wall Street.
The rescue plan - the result of tense negotiations between the government and lawmakers - was voted down by 228 votes to 205 votes. Members of President George W Bush's Republican party were strongly opposed to it. About two-thirds of them refused to back it

OUCH! That was not expected
 
by DEL BOY Unlike many of you, I have wide experience of socialists, and indeed of communists and facists. Real experience. I was present at the creation of the Welfare State, and the National Health Service, and of The Socialist Workers Party. ...I have lived through full terms of Socialist Party governments with widespread nationalised industries. I have operated behind the iron curtain, dealing with communist government departments. I can remember when American magazine publications carried full page colour adverts of a tipped- up poisoned chalice, with the slogan "A little Socialism is a bad thing".

Answer me this Del Boy. Why was the pre-Thatcherite period between 1950 and 1973 the most successful of the century. This era was characterised by capital controls, fixed exchange rates, strong trade unions, a large public sector and a general acceptance of government's role in demand management. The average annual growth in per capita real GDP throughout the world was 2.9% twice as high as the average rate in the two decades since then.


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OK
 
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The lower house of the US Congress has voted down a $700bn (£380bn) plan aimed at bailing out Wall Street.
The rescue plan - the result of tense negotiations between the government and lawmakers - was voted down by 228 votes to 205 votes. Members of President George W Bush's Republican party were strongly opposed to it. About two-thirds of them refused to back it

OUCH! That was not expected

Also 93 Democrats voted against it as well,
 
The problem may be that the plan is currently a blank check.
The government needs to use this opportunity to shaft those responsible before any money is given.
 
Actually we're kinda figuring out why Jews were hated for so long. Since they were the guys who did all the banking, I guess people in the past knew about this aspect of banking. Maybe it had more to do with their profession rather than the "they killed Jesus" thing.
I think we should start gassing some bankers.
 
Where is 5.56 x 45mm? Don't just sneak away. I would like to know your views on the Gramm-Leach-Bliley Act (1999). You can't just do a Youtube and leave it at that!

Where am I? Working close to 7 days a week right now. I don't have time to argue on the internet.

Sorry but that's life right now for me; crime is going up and as a LEO I have a job to do.
 
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