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Author Topic: Solution to the credit crisis...  (Read 2856 times)
ghanimah

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« on: Tuesday, October 7, 2008, 13:54:12 »

...punch the CEO of the Lehman Brothers bank. Not that I condone violence of course but this quote amused me somewhat:

Quote
He was on a treadmill with a heart monitor on. Someone was in the corner, pumping iron and he walked over and he knocked him out cold. And frankly after having watched this, I’d have done the same too.”

http://www.businessandmedia.org/articles/2008/20081006150152.aspx
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Colin Todd

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« Reply #1 on: Tuesday, October 7, 2008, 14:02:52 »

That bloke admitted to taking home $300m over the last 10 years the other day I think

I'm no tree hugging liberal but that is morally wrong, especially given the "quaility" of his leadership during that period led to bankruptcy.  Fair play to the beefcake.
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ron dodgers

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« Reply #2 on: Tuesday, October 7, 2008, 15:04:59 »

aint that the case for all the fucking senior execs who took stupid risks with our money - including the guys in the UK. Thatcherism coming home to roost with none of the subsequent governments having the bollocks to tame these cunting thieves. They're all OK though with massive fucking pensions and payoffs - BASTARDS
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chalkies_shorts

« Reply #3 on: Tuesday, October 7, 2008, 15:31:32 »

Privatise the profits, nationalise the losses. Thatcher is a shitbag of the highest order.
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Batch
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« Reply #4 on: Tuesday, October 7, 2008, 15:33:47 »

Since it is our money that is keeping some of the banks afloat, can I get the local Northern Rock bank manager to come round and do a couple of hours leaning and ironing?
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Colin Todd

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« Reply #5 on: Tuesday, October 7, 2008, 15:40:10 »

Privatise the profits, nationalise the losses. Thatcher is a shitbag of the highest order.

Thatcher obviously deregulated the markets which allowed this situation to develop 20 years later, but after 12 years of government and sustained economic growth based on easily available credit NU-Labour are not exactly blameless here are they?
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chalkies_shorts

« Reply #6 on: Tuesday, October 7, 2008, 15:44:48 »

No but my comment does not necessarily have to be based on absolute fact. Being a Park South boy in the late 70's Thatcher was a shitbag. Thank God for punk and STFC. Nu-Labour are in some matters actually worse than the old bitch. But theres' no doubt she got the ball rolling and tried to put the working man in thier place while allowing the elite to stuff their pockets. The worst social engineering this country has ever seen.   
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ghanimah

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« Reply #7 on: Tuesday, October 7, 2008, 15:47:04 »

How can it be Thatcher's fault? FFS It's like blaming the present Labour Government because of the failings of the winter of discontent in 1979: http://en.wikipedia.org/wiki/Winter_of_Discontent.

Labour were happy to take the credit for a decent economy they inherited in 1997 so they should also take the blame for fucking it up i.e. 120% debt of GDP when you include Gordon Clown's PFI (private finance initiative).
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chalkies_shorts

« Reply #8 on: Tuesday, October 7, 2008, 15:48:37 »

Can I blame that on Thatcher too?
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donkey
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« Reply #9 on: Tuesday, October 7, 2008, 18:31:30 »

As far as I'm concerned you can blame Thatcher for anything you want.
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I headed the ball.

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Iffy's Onion Bhaji
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« Reply #10 on: Tuesday, October 7, 2008, 18:34:25 »

I blame Gordon Brown. It's funny how he is the one that fucked it all up anyway.
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Bogus Dave
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« Reply #11 on: Tuesday, October 7, 2008, 18:34:58 »

yes, the global economic climate is soley his fault
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Iffy's Onion Bhaji
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« Reply #12 on: Tuesday, October 7, 2008, 18:36:49 »

yes, the global economic climate is soley his fault

I was thinking on more of a national scale as opposed to a global one but yes you make a good point.
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Bogus Dave
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« Reply #13 on: Tuesday, October 7, 2008, 18:38:39 »

Im no economic expert, but seeing as near enough every capitalist country in the western world is getting bent over then we'd probably be in a similar situation brown or no brown
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Simon Pieman
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« Reply #14 on: Tuesday, October 7, 2008, 18:39:29 »

Or the US mortgage lenders
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