BlueHammer85
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Never in doubt ;)
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General Election June 8th
- Thread starter Ric
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Never in doubt ;)
Chippy_boy
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No we should have given people their money back and let the shareholders loose their investments.
You do realise I was defending the actions of a Labour government?
And how much would have simply returning all depositer's money have cost, once the banks had gone under? How many peoples' pensions would have been wiped out when the big institutional shareholders lost all their money? What would have happened to the economy with half the banking sector no longer there?
What you suggest was really no option at all, as Gordon Brown rightly concluded. Saving the banks was absolutely necessary, even though it came at enormous cost to us all.
At the start of this process I was a lifelong labour voter who had no time for Corbyn and due to my brexit vote, was going to vote Tory.
On Thursday I will be once again voting labour and proudly doing so because May and this Tory government are going to destroy our society with further austerity and cuts and its time for a new approach, one that a man like Corbyn will bring imo.
He has had a magnificent campaign.
He has. This is actually the best possible option for Labour. We lose by a small number of seats. Corbyn leaves but the next guy has a decent amount of MPs to work with.
Would you honestly rather peoples' life savings were just wiped away as RBS (Nat west) and Lloyds went bust?
The government had no choice.
probably the saddest summary of a financial crash i've ever read :(
Chippy_boy
Well-Known Member
probably the saddest summary of a financial crash i've ever read :(
Would you disagree?
(You won't often find me defending a Labour government, so make the most of it!)
Chippy_boy
Well-Known Member
We should have set up a government supported bank. Transferred the accounts from these banks to it. Let RBS, Nat west, Lloyds go bust and put their CEO's in prison.
If we'd let our biggest banks go bust, the whole country would have collapsed.
Your ideology seems more motivated by wanting to punish people rather than doing what's best for the country. What would you say to the millions of pensioners who's pension payments stopped overnight when their pension funds went under because they'd lost all their money?
Hamann Pineapple
Well-Known Member
Five Questions To Ask Before You Vote
http://www.huffingtonpost.co.uk/francesca-martinez/how-to-vote-general-election_b_16960884.html
If we'd let our biggest banks go bust, the whole country would have collapsed.
Your ideology seems more motivated by wanting to punish people rather than doing what's best for the country. What would you say to the millions of pensioners who's pension payments stopped overnight when their pension funds went under because they'd lost all their money?
Don't you think that the greedy traders using false data should be in prison today? All brushed under the carpet. The Pension funds are supposed to have a balanced investment model. For what we paid to the banks, we could have guaranteed all pension funds in any case.
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