The impact would have been many magnitudes worse

The underlying causes have not been fixed

Well, they have been improved

can't say they've been fixed because time will tell

It's almost universally thought actually that if America had bailed out their financial institutions at the beginning, rather than later

The financial crisis might have been averted or at least lessened

Seriously doubt it

You can doubt all you want

but you don't know as much as me on this topic

It all was, and is, a big pyramid scheme

And as for the big-brain scheme of making depositors first in line to lose their money when a bank goes down, that's fucking mad

Stuff wasn't right

still isn't

But regulations following the crisis have been put in place

and isn't going to be

And the tories wanted even LESS regulation

of course

Im gonna sort dinner now, happy to send my essay on the crisis though 🙂

thing is, if the crash didnt happen, then they might not have put in the tighter lending restrictions they have today

definitely wouldn't

but its all coulda woulda shoulda sooo

@PureEvilPie actually the government continually bailed out failing banks in America that what lead to the finicial crisis banks got used to being bailed out and continued to take risks they knew they shouldn't because Uncle Sam had their backs

There remains no penalty for failure with banks

Precedent has been set

The financial crash shit you can't even pin on Brown for a success, Alistair Darling did the heavy lifting

Brown and Blair squandered the economic legacy of Thatcher and Major

We should have been in a far better position when when crisis hit

More, specifically to do with mortgage policy both in America and to lesser extent Britain, Banks were encouraged to lend to as many people as possible for home purchase and the Government promised they would take the risk prior to this bank would at ratio of 1:4.

So for every 4 "safe" borrowers they leant they would lend to 1 "unsafe" borrower after government made certain guarentees the ratio went to 32:1

Brown and Blair saved the economy.

No they didn't

One the reason to do with what I just posted

Brown and Blair along with Bush created false economies

Wrong, they saved it.

Yeah, no

What they did was essentially like giving a dying animal drugs - it pumps them up for a while, but ultimately going to harm them

Brown and Blair are also guilty of completely fucking over the housing market, as well as introducing the diversity/mass immigration problems

https://twitter.com/britainelects/status/1197949416101031939

first question and corbyn already lied 😛

is there a thing on?

Does anyone have a digital copy of the Brexit party manifesto?

I cou'dn't find one