“Even i am having an off spelling day,

administering.
administering.
administering.”

“The epitome of ingorance arises again, it is not the amount of regulation that matters, it is the type of regulation.

Are you even aware of the type of regulations which accompanies GAPS, and the quantity of bureaucracy which has to be created, and of course the additional and substantial costs in adminestering such bureaucratic legislation.

No, thought not.”

“I shal watch this lunchtime's politics show with interest.

Lets see how Kay Cutts gets on.”

“"it was legislation that allowed them to operate in the way they did, Labour legislation."

Cheared on of course by the Tories, who wanted even less regulation.”

“Ignorance is again rife, what have the bank got to do with anything, it was legislation that allowed them to operate in the way they did, Labour legislation.

Why do people thing money paid into banks through GAPS is dead money, it is not; the treasury owns significant amounts of these institutions and receives any profits from them. In addition they based their ownership on asset value, this being the share prices which were all at rock bottom, so cheap.
When these share prices rise they will be sold, one banks shares were valued at 24p, they are now worth about 104p, so a significant profit. Most agreements will allow the banks to buy these shares back at slightly below market value, so with rising share prices in these institutions will buy back shares from the treasury, the treasury stands to make substantial profits.

In reality it is little more than share dealing which will make the treasury significant profits.

In addition we have European intervention under European legislation, they dictate what these organisations can do, they have to approve a range of measures before our Government can invoke GAPS.
In reality, the recent job cuts in Lloyds TSB for example are a result of European dictatorship, and not our Government policy. This is being exploited by various European banking organisations to devalue our financial institutions and strenghten their own.”

“"For a start, the FSA's proposals are good; scrapping self-certification lones is an example".
isnt that going against gordons plans ?
how can people borrow what they cant afford if checks are made ?
lets hope the FSA start with the gov first.
btw that plan isnt going to bring any money in,”

“Naturalised Ripleyite the only thing you can blaim Brown for regarding the banks ETC is that there should have been more regulation.

He knows this, and I think he and the FSA want to do something about it.

This is in stark contrast to Cameron, who before this all started was calling for less regulation, and now wants to make himself look tough on the banks by hitting the ordinary blaimless bank staff who serve you and me, whilst giving their friends in the City, who caused the credit crunch a tax cut.

And since we are talking about hipocricy, what about Kay Cutts going round telling everyone how bust County Hall is, whilst still managing to spend £9 million on giving the rich a tax cut, £7.5 million on making bus services worse, and spending thousands on revamping their own office and removing important local monuments?

And M I am notr sure how quite to answer that.

For a start, the FSA's proposals are good; scrapping self-certification lones is an example.

And I am no economist, but what I do know is that I have come up with an idea to make over half the County Council's proposed savings without these cuts.”

“WELL, THAT LAST ONE CAME OUT ALL MANGLED... HERE'S THE CORRECT ORDER...!


"..a man who has virtually singlehandedly ruined the country with his spend, spend and pay back tomorrow policies."

Arrant nonsense, and you know it. This country's financial ills are caused by 2 things. 1) the US sub-prime market imploding. 2) Consequent risk aversion and contraction in the banking / financial services sector which employed significant numbers in the UK and which was the mechanism to give businesses the credit to trade and expand.

It is entirely disingenuous to blame Brown and Darling for this, just as it would be toblame Osborne and Cameron had they been in power.

It rankles me no end that public funds are needed to be poured into private banks, but the bottom line is that all economies with a substantial financial services sector were suddenly and actually quite blamelessly placed in that desperate position.

As for the issues cited under "hipocricy" (sic), where's the sources, where's the evidence? Without those it looks like empty rhetoric.

Sorry, but you cannot castigate Brown for this stuff. Ultimately, it's just people trying to serve their own agendas and prejudices. Not that I mind well argued and evidenced debate.”

“"..a man who has virtually singlehandedly ruined the country with his spend, spend and pay back tomorrow policies."

As for the issues cited under "hipocricy" (sic), where's the sources, where's the evidence? Without those it looks like empty rhetoric.

Sorry, but you cannot castigate Brown for this stuff. Ultimately, it's just people trying to serve their own agendas and prejudices. Not that I mind well argued and evidenced debate.

Arrant nonsense, and you know it. This country's financial ills are caused by 2 things. 1) the US sub-prime market imploding. 2) Consequent risk aversion and contraction in the banking / financial services sector which employed significant numbers in the UK and which was the mechanism to give businesses the credit to trade and expand.

It is entirely disingenuous to blame Brown and Darling for this, just as it would be toblame Osborne and Cameron had they been in power.

It rankles me no end that public funds are needed to be poured into private banks, but the bottom line is that all economies with a substantial financial services sector were suddenly and actually quite blamelessly placed in that desperate position.”

“So Brown is critical of the cuts, that is rich coming from a man who has virtually singlehandedly ruined the country with his spend, spend and pay back tomorrow policies.
Hypocricy is the word which immediately springs to mind, an idiot who sells off the countries assets atthe bottom of the market, loses one third of the countries manufacturing industry, and is responsible for 25% of the countries best engineers going abroad.
In addition he has killed off more businesses through petty and unnecessary legislation, petty bureaucracy, and failed to protect these emerging companies.

Now the damage done to the economy has to be corrected, and by someone else, and what can he do; call them for correcting his and his parties errors.”