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1. 13 coolandcalm says:
   October 11th, 2008 at 5:11 pm

   I want to go and live within the hallowed walls of the sixth floor of Harvey Nicks.
   who else lives there Anorak?

2. 12 chenier says:
   October 11th, 2008 at 5:01 pm

   With you all the way on the sheeps’ eyes, Val, and yes indeed; the liquidation practitioners will be making a fortune, whilst their colleagues who did the original auditing will be explaining that audits aren’t intended to catch fraud.

   It’s only we lesser mortals who think that if an accountancy firm is paid megabucks to audit a publicly quoted company they have a duty to look for fraud.

   I had a discussion with Magnetite a while back noting that probably the only people with enough money to fund the US governments borrowings were sovereign funds, many of whom have no sympathy with providing money to the US so that it can carry on de-stabilising the whole region.

   And who can blame them?

3. 11 val says:
   October 11th, 2008 at 4:45 pm

   chenier

   Trouble is will nothing be learned from this? Enron is a prime example, I read that
   Anderson had been paid $52,000,000.00 for “Auditing” the Enron Books…………
   is there any Government Dept, or President or Prime Minister who can ever be
   trusted again?

   On Sky News this morning, the Middle East is delighted at what is happening , says it
   is the judgement of God, probably the Middle East will be the next World Power.

   Don”t think I could live on sheep”s eyes and Dates……..YUCK!!!!!!!

   Signing off for a while, maybe catch up with you later.

4. 10 chenier says:
   October 11th, 2008 at 4:04 pm

   Val,

   the IMF has been notable for its total incompetence on this; it certainly didn’t specifically warn Gordon Brown, or anyone else about this. Nor has the Treasury; they were fully paid up members of the ‘Markets Good, Government Bad’ movement now pretending that it wasn’t them.

   The IMF has spent decades singing the praises of unregulated markets; I wrote a piece on the latest IMF report called ‘Good bye Cruel World: the IMF’s Suicide note’ pointing out that they had finally admitted that deregulation had been catastrophic. But that was after the catastrophe had happened, not before.

   The Tories have shut up because Cameron made a very stupid remark at the Conference about how the Tories wouldn’t criticise the risk takers who had created so much wealth, only to discover that the risk takers he was praising hadn’t created any wealth; they had, instead, done their best to bankrupt the world.

   He daren’t say a thing now because those remarks will make an unbelievably good party political broadcast for the Labour party…

5. 9 val says:
   October 11th, 2008 at 3:52 pm

   Gordon Brown, as Chancellor, you remember him, no more boom and bust, a sound
   fiscal policy ……. he knew this was coming mon ths ago. Apparently the IMF warned
   him as did one of the senior Treasury staff.

   In a discussion this morning on the Stock Market crisis caused by Wall St. panic,
   Matthew Parris had commented in one of the papers that Cameron has not uttered
   a word so far on this crisis, nor has the Shadow Chancellor. Obviously, now is not the
   time to criticise GB, but it was felt the Conservatives could have shown some kind
   of Leadership if they want to be elected.

6. 8 chenier says:
   October 11th, 2008 at 3:24 pm

   Yes; Governments did fall for the ‘We know best’ line, and dutifully deregulated the markets because fashionable economists told them that the markets would make everybody rich.

   Now the same economists are either pretending to be Napoleon in the local mental institution, or claiming that they were cruelly deceived by those nasty people on Wall St, and it’s not their fault.

   It all sounds very familiar, doesn’t it?

   And now we have to pick up the bill for it all, while the rich stay rich; no wonder Gordon has taken a hatchet to them…

7. 7 val says:
   October 11th, 2008 at 3:18 pm

   chenier

   Governments have let the Banks etc take over and there is no rationale in investment
   any more, it”s betting.

   I can”t think of the name of the book, but the poor were treated very badly by the Banks in the U.S. and developments in their area unwanted and financed by the banks.

   All the residents got together and decided they would close their accounts which had little money in them. Because they all decided to to this simultaneously, huge queues
   built up, there was a run on the Bank and in the end they capitulated. People Power
   does work if it is organised.

   and abandoned the Development.

8. 6 chenier says:
   October 11th, 2008 at 3:06 pm

   Well, that sure puts the fear of God into me, though not for what Ms Palin would think were the right reasons.

   The whole of the financial markets are falling apart; much of the reason for that was the delusional mindset of the people on Wall St as well as the people in Congress.

   Someday humanity will discover that there is no such thing as magic, but until we do there will be lunacies like these…

9. 5 val says:
   October 11th, 2008 at 3:00 pm

   chenier

   With all the wealth in America, how come so often they never have a President fit
   for purpose? At 72 yrs of age, McCain if elected President would probably have a
   fatal heart attack within months trying to slve the Nations”s problems

10. 4 chenier says:
    October 11th, 2008 at 2:52 pm

    McCain probably doesn’t see anything wrong with it; his eyesight isn’t too good nowadays…

11. 3 val says:
    October 11th, 2008 at 2:47 pm

    chenier

    It was also because Wooten would not agree to the dismissal of Sarah”s brother-in-Law
    who is engaged in a messy Divorce with her sister. An investigation has concluded
    it was an abuse of power by Sarah, just what McCain needed.!!!!!!!!

12. 2 chenier says:
    October 11th, 2008 at 12:37 pm

    No; let her wander along in blissful ignorance.

    After all, Stephen E. Branchflower has concluded that she exerted pressure to get Trooper Michael Wooten dismissed, as well as allowed her husband and subordinates to press for his firing, largely as a result of his temperament and past disciplinary problems.

    Sarah Palin, that is, not Princess Diana…

13. 1 The Butler Did It says:
    October 11th, 2008 at 12:02 pm

    Has Mrs Palin realised the ramifications of this? Does she realise that a self proclaimed ‘ Sarah’s Rock’ could soon appear on the scene at 2.00am in the morning with a few empty black bin liner bags complete with a strict moral code to be a ‘Keeper Of The Secrets’ until the next book comes out?

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