https://en.wikipedia.org/wiki/Big_Bang_(financial_markets)

27 October 1986

That was what allowed them to partner with US banks

i certainly don't have a problem with governments buying stakes in companies because of this apocalypse

i do have a problem with government just randomly bailing out failing businesses who are failing because they're shit and failing

https://en.wikipedia.org/wiki/Better_Regulation_Commission

Yes exactly @Eccles

Boom and bust is a natural part of economics

i do have a problem with money just being handed out to companies willynilly, for whatver purpose

get ready for ff and his something-something-something socialism

You can't have everyone thrive simultaneously

Utopia doesnt exist

However there are injustices that should be resolved, at the same time

lmao you morons think this is a boom and bust cycle? and not because of how shit the economy is and how unprepared the country is in dealing wth this crisis because of austerity which has been proven to be a political choice and not an economic necessity

im sure the IMF has no authority over this server though

the economy is totally unprepared for this, and PEOPLE are unprepared fo rhtis

Well I was just talking generally

so continue in your bubble as usual

and this shoudl teach them a lesson

you think we'd be able to handle this better with a 100bn deficit?

Saying you cant have the good without the bad

that's exactly why we should be resistent to just handing out money willynilly

so the government bailing out banks and corps is bad after selective dementia takes over your brain when it comes to applying the same to the boom and bust cycle.

i was against the way the banks were bailed out

yes but isn't it part of the boom and bust cycle genius

or is that different

aKcTuAlLy

i haven't mentioned boom/bust cycle

I've not said I'm against bailing out or financial support in all or no cases

I'm just saying companies going bust is part and parcel of economics

agreed

take flybe as an example - ff's lot were reeing and demanding a bailout

but it's a failed business, it needs to be allowed to go bust

Yeah, there were too many airlines, if this didn't kill them, green policies would

so you guys believe any business that goes bust in this crisis deserve it right? I mean if they are failing why should they be bailed out

labour/ff's lot are like women - they constantly demand and come up with contradictory things - it' attention seeking behaviour, and the demand to be in control

I just said I'm not always against it

flybe didn't go bust because of this crisis, it was before

or do you think the loans and credit given by banks in the 08 crisis to the millions of people and thousands of businesses large and small should have not been bailed out?

Each case needs assessing

i dont care about Flybe it was going to shit anyways