So we going to be seeing our savings vanish or bailing out the banks again in a couple a years when they start doing dodgy loans and loan out more than they can afford to lose?
What could possibly go wrong.
Alternative headline:
> City of London raises new mega-stiffy to tax evasion possibilities
Torys deregulated london in the 80s too and it lead to dodgy and illegal practices that led directly to the 2008 crash.
So now we cut more regulations on the cartel down as londons financial sector, thats bad for EVERYONE, these cunts are the ones paying the torys tonscrew us over ffs
Will create 1000s of new jobs in the luxury car, mega yacht, and dogsbody industries.
There are no EU rules in the UK. Everything has been approved BY the UK.
I feel like Boris has unfinished business. We should fuck him off pronto
The only reason Tories were pushing Brexit was to remove regulations and restrictions which protect all of us from exploitative capitalism. I hope the working class brexiteers are ready to be exploited by this govt.
The people behind brexit are finally getting their returns.
The comments here are terrifying, it’s so telling of our education system that very very few people have a good understanding of the 2008 financial crash even though this was the most important event of our lives. Almost everything since then (Trump, Brexit even Ukraine) has been a consequence of what happened in ‘08 yet everyone just jumps to populist skin deep explanations because they are too lazy to look into it themselves.
Newsflash the UK is NOT IMPORTANT in the world economy, the severity or laxness of our financial regulations makes not one jot of difference to the overall world economy. To really understand ‘08 I would recommend Adam Tooze’s “crashed” or Melvyn Kings “end of alchemy”.
‘08 was cause by an imbalance of international cash flows and distortion of currencies mainly by China and to a lesser extent Germany. This caused money to be too cheap in the US which incentivised lenders and borrowers to take on too much risk. The regulators did nothing about this because there was nothing they could do, they do not control PBC policy. The cash flows from the loans dried up and we’ve been living with the consequences ever since.
If you think that it is in the gift of the UK government, let alone the regulator, to protect you from the global economy then you are beyond help.
10 comments
So we going to be seeing our savings vanish or bailing out the banks again in a couple a years when they start doing dodgy loans and loan out more than they can afford to lose?
What could possibly go wrong.
Alternative headline:
> City of London raises new mega-stiffy to tax evasion possibilities
Torys deregulated london in the 80s too and it lead to dodgy and illegal practices that led directly to the 2008 crash.
So now we cut more regulations on the cartel down as londons financial sector, thats bad for EVERYONE, these cunts are the ones paying the torys tonscrew us over ffs
Will create 1000s of new jobs in the luxury car, mega yacht, and dogsbody industries.
There are no EU rules in the UK. Everything has been approved BY the UK.
I feel like Boris has unfinished business. We should fuck him off pronto
The only reason Tories were pushing Brexit was to remove regulations and restrictions which protect all of us from exploitative capitalism. I hope the working class brexiteers are ready to be exploited by this govt.
The people behind brexit are finally getting their returns.
The comments here are terrifying, it’s so telling of our education system that very very few people have a good understanding of the 2008 financial crash even though this was the most important event of our lives. Almost everything since then (Trump, Brexit even Ukraine) has been a consequence of what happened in ‘08 yet everyone just jumps to populist skin deep explanations because they are too lazy to look into it themselves.
Newsflash the UK is NOT IMPORTANT in the world economy, the severity or laxness of our financial regulations makes not one jot of difference to the overall world economy. To really understand ‘08 I would recommend Adam Tooze’s “crashed” or Melvyn Kings “end of alchemy”.
‘08 was cause by an imbalance of international cash flows and distortion of currencies mainly by China and to a lesser extent Germany. This caused money to be too cheap in the US which incentivised lenders and borrowers to take on too much risk. The regulators did nothing about this because there was nothing they could do, they do not control PBC policy. The cash flows from the loans dried up and we’ve been living with the consequences ever since.
If you think that it is in the gift of the UK government, let alone the regulator, to protect you from the global economy then you are beyond help.