UKC

'These people achieved a grip on our society which the Spanish Inquisition would envy, and used it to create one of the greatest scandels of our time. They have inflicted financialin jury on almost every citizen of the Western World, while they themselves are continuing to strip bank coffers. A distinguished FT columnist has complained...that not a single banker had gone prison as a result of their abuses. While the British Government launched an enquiry into the press following the News of the World phone hacking scandel...their has been no such investigation of the bankers wickedness'. Max Hastings writing about'Looters in Suits'[Daily Mail 17Th September].I now fear Max will have very few friends in the City after this little outburst; especially now the spivs are busy making hay,knowing that the great meltdown is just around the corner.And just look at the price of gold!They'll be watching the bank runs with more than a few smirks on their grubby litle faces.Nice one Max.See you outside the Tory Party Conference in October.

In reply to ruckman:

Well, if we're in cut and paste mode...

"In 2004, the FBI warned publicly of “an epidemic of mortgage fraud.” But the government did nothing, and less than nothing, delivering instead low interest rates, deregulation and clear signals that laws would not be enforced. The signals were not subtle: on one occasion the director of the Office of Thrift Supervision came to a conference with copies of the Federal Register and a chainsaw. There followed every manner of scheme to fleece the unsuspecting ….

This was fraud, perpetrated in the first instance by the government on the population, and by the rich on the poor."

And then again,

“You put Lloyd Blankfein in pound-me-in-the-ass prison for one six-month term, and all this bullshit would stop, all over Wall Street,” says a former congressional aide. “That’s all it would take. Just once.”

In reply to Postmanpat:Typical Postmanpat disinformation suggesting that the tail was wagging the dog.And who persuaded Clinton to repeal the Glass Steagall act?.Junior administrators within the Fed? I'm afraid you'd never make an effective shop steward at an engineering factory in Coventry!Just couldn't resist breaking ranks eh.

In reply to ruckman:

Are you the man near my house - in the soiled underpants with the big grey beard who shouts at buses ?

In reply to ruckman:

Yes, I'm sorry the world is just that bit more complex than you would like to think.

In reply to ruckman:

Actually you'll probably have to go inside the conference to see him. He's probably pissed off with the bankers because his investments have bombed and he can no longer enjoy 4 foreign holidays a year.

If you do meet him I'm sure you'll get on like a house on fire.

In reply to Knitted Simian:Why did you remove his trousers? Doing a bit of accumulation by dispossession where we?

In reply to Postmanpat: 'JM Keynes understood that freedom for financial capital can mean bondage for citizens and their democratic representatives... the City has fought viciously against against encroachment on its liberties, yet the archives reveal no comparable concerns about the evils of the slave trade or the depredations of the Eat India Company. Over time, the defence of freedom has become the defence of freedom for the interests of money-against the interests of the rest of the country when necessary'.[Nicholas Shaxson 'Treasure Islands']
Max Hastings would probably agree with most of this, but like you say, this is a rather complex business best left to the experts.Like yourself.

In reply to ruckman:

Gosh, you've discovered that people try and exploit the system. Tell you what, lets have a big strong State to stop this. Nobody would exploit that after all....

Or maybe we could sprinkle some fairy dust and make everybody good so that the problem didn't exist.

Jesus wept...

In reply to Postmanpat:


Given that you're now referring to to someone of some historical dubiousness, perhaps the fairy dust should be given a chance?

In reply to Gordon Stainforth: Gordon Stainforth! Aren't you the person who haunt' these forums threatening litigation against people who disagree with you?