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Started by StakludKar on Aug 9, 2017 1:24:54 PM
August 2017. 10th anniversary of the banking crash

10 whole years of creeping terror whenever Robert Peston appeared on TV,

Commemorate here

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HouseOfLammo - 09 Aug 2017 13:26:02 (#1 of 128)

Glad that blew over.

StakludKar - 09 Aug 2017 13:29:47 (#2 of 128)

Things that would not have happened without the banking crash :



Brexit

Austerity

Deputy prime minister Nick Clegg



Jeremy Corbyn



Barack Obama



Donald trump

The Wolf of Wall Street

roguestate - 09 Aug 2017 13:29:54 (#3 of 128)

An opportunity squandered.

RosyLovelady - 09 Aug 2017 13:37:30 (#4 of 128)

I thought this had all been sorted out by the tories and their chums.

The whole thing was caused by foreigners, extravagant welfare benefits, and spendthrift local authorities, and now the shady foreigners have been rumbled, benefits have largely been swept away, and the LAs have been forced to toe the line on spending. A grateful nation stands ready to take back control of everything.

Yammoto - 09 Aug 2017 15:43:55 (#5 of 128)

Is factoring still legal?

dottie30 - 09 Aug 2017 15:47:02 (#6 of 128)

Rosy - completely off the point but are you going to the Howard League's lecture this year? It's in October and is being given by Sir James Munby. I'll definitely make it this year. See you for wine and canapes?

RosyLovelady - 09 Aug 2017 18:13:21 (#7 of 128)

We'll be going again, Dottie. It should be a seriously interesting lecture, and who can resist Clifford Chance's fabled hospitality? See you there.

http://howardleague.org/events/parmoor-lecture/

for anyone else who's interested.

xbod72 - 09 Aug 2017 18:16:32 (#8 of 128)

I was surprised to hear the anniversary stuff on the news today because whenever the crisis has been referred to in recent years they've said 2008 was the year of the crash.

dottie30 - 09 Aug 2017 20:47:07 (#9 of 128)

Cool - see you there Rosy!

Antimatter - 15 Aug 2017 03:36:24 (#10 of 128)

I certainly new the crash was on its way in 2008, it was the year I moved to Canada and I was selling our house I was crossing my fingers until May of that ear, hoping that the purchaser didn't read about anything financial happening. We got lucky and fled. Mind you, the meltdown affected Canada too, and resulted in Steven Harper as prime minister, our version of David Cameron.

According to CBC, it was Gordon Brown that started it?

RosyLovelady - 15 Aug 2017 07:11:20 (#11 of 128)

Yes, it was Labour's fault. UK housing benefit was too generous, the story went according to the tories, and the result was worldwide misery necessitating austerity for the poorest.

Gotout - 15 Aug 2017 07:27:16 (#12 of 128)

Thank God we had the bankers though. Their heroic efforts to get rid of our money for us saved us all the worry.

RosyLovelady - 15 Aug 2017 07:30:50 (#13 of 128)

The banks were all in it together and had to be saved by an injection of special socialism, available only to them.

Freddie - 15 Aug 2017 07:42:47 (#14 of 128)

I certainly new the crash was on its way in 2008

As did I. I was all cashed up and started buying shares as soon as it arrived. My mistake was buying all the way down. Anyway, alls well that ends well as the great system of capitalism corrected the situation and extremely good profits have been made as the system got back on track.

The predictions of eternal doom and gloom from the usual anti-capitalist sour faces, were as usual, found to be just so much hogwash.

WillodeanKnuth - 15 Aug 2017 07:48:12 (#15 of 128)

Do you change your username every single day now, sharkie?

bossab2 - 15 Aug 2017 08:26:23 (#16 of 128)

Anyway good job its all sorted now and interest rates have returned to normal

xbod72 - 15 Aug 2017 09:03:42 (#17 of 128)

The predictions of eternal doom and gloom from the usual anti-capitalist sour faces, were as usual, found to be just so much hogwash.



Tell that to the elderly who need care. Or people in A&E. Or those with mental illness bad enough to require residential care. Or any number of disadvantaged groups that require government support.

bossab2 - 15 Aug 2017 09:06:15 (#18 of 128)

Or people who get cancer.

StakludKar - 15 Aug 2017 12:09:42 (#19 of 128)

And it's about to happen all over again!



https://amp.theguardian.com/business/2017/aug/13/h
ow-trump-v-kim-can-wreck-the-world-economy-without-a-shot-being-fired

Catspyjamas17 - 15 Aug 2017 12:20:33 (#20 of 128)

So I think RBS made a tidy profit, at last, recently.

A windfall for the taxpayer then, surely. Or at least being paid back? *cough*

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