Comments on: David Cameron’s Flawed Debt Story

By: Lone Pigeon

Lone Pigeon — Sun, 28 Sep 2008 20:17:57 +0000

and therein lies the problem…

By: chenier

chenier — Sun, 28 Sep 2008 20:04:12 +0000

Yes, I was wondering whether the minds of our leaders have been focused on top quality chipboard work tops, and the need thereof to keep the Great in Great Britain.

In a wierd way B&B going down the tubes would have fitted with MFI tanking, since it was B&B who did the vast majority of the buy to let lending, and MFI who sold the stuff which was put into the buy to let properties in order to let them.

All of which approved by some chap who was Chancellor at the time…

By: Lone Pigeon

Lone Pigeon — Sun, 28 Sep 2008 19:53:36 +0000

Yeah why on earth have a management buyout when you’ve got Ali D and Gordie Boombastic

By: chenier

chenier — Sun, 28 Sep 2008 19:50:08 +0000

That was the word on the street, Lone; I appreciate that it might be a bit of a blow.

However, the breaking news is that MFI has been saved at the 11th hour by a management buy-out, thus achieving a near miracle, though Dog only knows who agreed to lend them the money.

Let’s face it, management buy-outs are so 20th century…

By: Lone Pigeon

Lone Pigeon — Sun, 28 Sep 2008 19:40:31 +0000

hey chernier - are you saying the greatest home furniture company that britain has ever had is going bust? My god we are in the shit. I didn’t realise the severity of the problems until now. Where on earth am I going to get my top quality chipboard kitchen from? Where on earth will I be able to find a customer service team that are second to none? Where on earth am I going to get the sofa that only lasts for three sittings from? So many wheres I just don’t know what to do with myself…..

By: chenier

chenier — Sun, 28 Sep 2008 17:26:41 +0000

Cameron survived Black Wednesday, and thus likes to roll up his sleeves to display the scars acquired that day.

Sadly, it didn’t go as well as Agincourt did, but once you have watched the first £ billion disappear into the void, watching the next £26 billion does get a bit easier…

By: June

June — Sun, 28 Sep 2008 16:45:55 +0000

The phrase ‘debt boom’ seems a bit strange, wasn’t it credit boom and now a debt disaster Mr Cameron?

By: chenier

chenier — Sun, 28 Sep 2008 16:16:02 +0000

Well, yes.

I am rather more worried about the fact that the reports that Bradlford and Bingley has been ’saved’ suggest that whilst the US lawmakers in Congress are fighting tooth and nail over what the response to this financial should be, our legally elected representatives are being given no input whatsoever into what is being done in our name.

It is far from clear that the Bradford and Bingley is essential to the economic life of our nation, unlike MFI, of course.

Incidentally, whilst I respect everyone’s right to witter on about the EU, the completely unregulated $60 trillion credit default swaps market needs to be dealt with now. We can worry about EU later…