Message from @Hopix

Discord ID: 647512439272898561


2019-11-22 18:32:46 UTC  

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

2019-11-22 18:32:58 UTC  

definitely wouldn't

2019-11-22 18:33:15 UTC  

but its all coulda woulda shoulda sooo

2019-11-22 18:33:15 UTC  

@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

2019-11-22 18:36:22 UTC  

There remains no penalty for failure with banks

2019-11-22 18:36:27 UTC  

Precedent has been set

2019-11-22 18:37:48 UTC  

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

2019-11-22 18:39:14 UTC  

Brown and Blair squandered the economic legacy of Thatcher and Major

2019-11-22 18:39:27 UTC  

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

2019-11-22 18:39:30 UTC  

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

2019-11-22 18:39:32 UTC  

Brown and Blair saved the economy.

2019-11-22 18:39:41 UTC  

No they didn't

2019-11-22 18:40:12 UTC  

One the reason to do with what I just posted

2019-11-22 18:42:16 UTC  

Brown and Blair along with Bush created false economies

2019-11-22 18:42:25 UTC  

Wrong, they saved it.

2019-11-22 18:42:41 UTC  

Yeah, no

2019-11-22 18:43:02 UTC  

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

2019-11-22 18:44:44 UTC  

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

2019-11-22 19:02:32 UTC  

first question and corbyn already lied 😛

2019-11-22 19:03:15 UTC  

is there a thing on?

2019-11-22 19:03:33 UTC  

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

2019-11-22 19:03:57 UTC  

I cou'dn't find one

2019-11-22 19:04:26 UTC  

yeah bbc1 all leaders QT

2019-11-22 19:04:50 UTC  

first question to corbyn "should businesses be afraid of labour" ... and he answered "no"...

2019-11-22 19:05:22 UTC  

aren't they increasing the low rate of corporation tax?

2019-11-22 19:09:45 UTC  

Corbyn's being pressured on Anti-Semitism again

2019-11-22 19:11:37 UTC  

Oh, and increasing minimum wage

2019-11-22 19:14:00 UTC  

lol... this stooge

2019-11-22 19:22:43 UTC  

https://cdn.discordapp.com/attachments/622430298746912768/647517329860722699/IMG_20191122_192228.jpg

2019-11-22 19:22:43 UTC  

Uh oh

2019-11-22 19:23:54 UTC  

scotland gets 100bn from the money forest

2019-11-22 19:24:19 UTC  

what's with the rubbish questions? of course businesses are scared of labour

2019-11-22 19:25:27 UTC  

Whoops I forgot that was on

2019-11-22 19:25:45 UTC  

not worth watching, Jack

2019-11-22 19:25:57 UTC  

Are they still hecklinh Corbyn? I want to see sturgeon squirm

2019-11-22 19:26:02 UTC  

Aw is it shit

2019-11-22 19:26:13 UTC  

not watching it, myself

2019-11-22 19:26:20 UTC  

really cba

2019-11-22 19:26:28 UTC  

its just corbyn getting angry at all the people questioning him

2019-11-22 19:26:47 UTC  

and then going back to nice grandpa when he gets a supporters question