I”m not fussed on Cameron either, did you see the interview where he let the Press into
his home to try to come across as an ordinary bloke?. He has a child who i think is
autistic or has cerebral palsy and has my sympathy. However, having been born with a
silver spoon in his mouth he can afford the best treatment so would have no idea how
a working class person would cope.

He is more of a sound bite person to me, no real ideas on how to improve the situation
in Britain.

I saw a very good programme on Dispatches a couple of months ago detailing how all
this started.

About 4 years ago the good people of Cleveland, Ohio were offered Mortgages up to100% to buy their homes even though Cleveland was a poor area. The Banks sold on
part of the Mortgages to different banks, who in turn sold part on to other banks, all
of whom thought they would make a profit. Trouble began when many people in
Cleveland lost their jobs and could not afford the Mortgage repayments. The properties were sold at a loss and this had a domino effect on all the banks.

Hi Saul, I read a long time ago that Freud disliked human beings because they were
irrational and he preferred animals.

Maybe we should forget Party Politics and have a system where the the most capable
people were appointed to head each department to get this Country back on it”s feet.
Trouble is Britain owns very little now.

I have been around in the City for so long that I remember the Sovereign Debt crisis starting back in 1982; yet another of the lunatic schemes whereby bankers managed to delude themselves that they had found a sure-fire way to make huge profits without any risks.

The market forces which should have prevented bankers making vast loans to developing countries without any means of repaying them simply did not work; cue massive bail-out of banks and very little help for the countries involved.

The same market forces should have prevented bankers from making vast numbers of loans to poor people to buy their homes without any means of repaying them; cue massive bail out for the banks and no mention of any help to the home-buyers.

That is an oversimplification, of course, in that the debt crisis is also a result of dodgy financial instruments which should have been strangled at birth but which were instead hailed as miracles of modern finance, but the core reason is the failure of market forces to behave as they theoretically should…

I gather that you feel we are unlikely to do better under Cameron, then?

It should be interesting to see what comes out of the conference; if they really are mad enough to vote for no increase in borrowing then we will have a Nulab government for the forseeable future.

It doesn’t matter how p*ssed off people are; they will not vote for a government to double their income tax bill…

The average American owes $7,900 so far for the bale out of FM & FM and AIG,
the latest is Goldman Sachs and Morgan Stanley are changing to a Bank to enable
them to get financial help…………….can you believe the corruptness of the financial
system in the U.S .and here?

An American economist was being interviewed the other day and said that the U.S.,having enjoyed nearly a Century of progress and wealth should now consider
another country taking over as the World”s leading economy. With a debt now standing at 4 trillion $, maybe the U.S. doesn”t have a choice.!!!!!!!

Transferring money is very easy; give me your bank details and I can show you

Not.

The sequence of events appears to be that the Lehman Brothers holding company in the US was pulling all the funds they could get their hands on in a desperate attempt to stave off bankruptcy, with scant regard to the question of whether it was Lehman Brothers holding company money.

As opposed to the money of the Lehman Brothers companies operating in London, or the money of the clients of Lehman Brothers London companies…

Which is why Price Waterhouse Cooper is demanding that they give back around $8 billion dollars which was transferred to the US just hours before Lehman Brothers filed for bankruptcy there…

I’m sure that Artemis, being at heart a warm and loving goddess, would wish to go easy on everyone; I, on the other hand, am cheering on PriceWaterhouseCooper’s demand that Lehman Brothers gives back the $8 billion dollars it siphoned out of London just before it went over the cliff.

To give the devil his due, Gordon Brown is shouting at the USA on this very topic; it would be nice if Cameron raised his voice as well…

—
M&A
ARTEMIS
GO EASY ON THE CAPITALS, LONE!

But since for many years he was the ONLY Chancellor of the Exchequer he must have been the best. Start thinking about what you are saying, Sugar.

He struck lucky at the right time. He isn’t an excellent business-man - he just had a lucky moment and when he was unlucky - he called in favours - and people helped him out of the unlucky creek he had fallen into.

Rather like a Clan we know from another thread on here!

So - no! It does not surprise me that he has forgotten some of the mouthy things he has said about anybody at anytime!

And I would appreciate it if a load of his Hangers-On don’t come on here saying how much he does for charity.

Thanks for this reminder of Fair Weather Friends at work!!!

It is profoundly ironic that a global financial melt-down has happened in the nick of time to convince the Labour Party that chucking out the guy who knows most about the global financial melt-down would not be a very sensible idea.

Cameron must be thanking his Maker that Gordon will have to deal with it, and praying that his own Party Conference will not lumber him with a lower borrowing policy, thus providing Gordon with the opportunity of pointing out that a Tory government would double the rate of Income Tax as its first move…