comment by Constantinople (U11781)
posted 32 seconds ago
comment by Hector (U3606)
posted 13 minutes ago
comment by Constantinople (U11781)
posted 5 minutes ago
Thank you Admin
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Welcome stranger!
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4 month exodus from this place, good to be back
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Welcome back; and 38400 😃

comment by bmcl1987 (U14177)
posted 5 seconds ago
comment by Sat Nav (U18243)
posted 2 minutes ago
comment by Insert random username (U10647)
posted 43 seconds ago
comment by Sat Nav (U18243)
posted 3 minutes ago
comment by Hector (U3606)
posted 1 minute ago
Bought Nat West Shares at 500p
Sold them for 200p
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Sorry what years were these? Oh yeah after the clusterfk that Brown exposed us to.

Another great example, thanks
----------------------------------------------------------------------
Brown exposed us to?

Thatcher exposed us to, she deregulated the banking industry in the 80s.

Brown put regulations back in, after the crash, and Cameron took them out again.
----------------------------------------------------------------------
Thatcher in the 80s LMAO

Yes Brown exposed us to it with his light touch. You’re so wrong on this mate it’s almost funny.
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What banking regulations did Brown implement? At the very least he did not roll back the deregulation under thatcher when he became Chancellor, but I’ll admit I’m not entirely clear what additional deregulation in FS or banking that he enacted.
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Read into his light touch

https://www.google.co.uk/amp/s/amp.theguardian.com/business/2011/dec/12/labour-regulations-city-rbs-collapse

comment by Insert random username (U10647)
posted 11 seconds ago
comment by Sat Nav (U18243)
posted 2 minutes ago
comment by Hector (U3606)
posted 3 minutes ago
comment by Sat Nav (U18243)
posted less than a minute ago
comment by Hector (U3606)
posted 1 minute ago
Bought Nat West Shares at 500p
Sold them for 200p
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Sorry what years were these? Oh yeah after the clusterfk that capitalists exposed us to.

Another great example, thanks
----------------------------------------------------------------------
*fixed

Still, 500p to 200p, great business there George.
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And what did socialists or communists achieve? Oh yeah 100s of millions of deaths….

I wonder which I would prefer….
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Ah yes, 1000s dieing a day of starvation across Scandinavia,

So hilariously uneducated about left wing economics
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Bastirt 😂

Keir Starmer has told shadow cabinet he is putting three rule changes to TULO:
- a return to the electoral college for leadership elections
- need for 1/2 TU and 1/2 members for triggering MPs
- cutting the overall number of motions debated on Labour conference floor

https://twitter.com/rewearmouth/status/1440271926321049607?s=21

What are people’s thoughts on this?

Arabs back

comment by Insert random username (U10647)
posted 14 seconds ago
comment by Sat Nav (U18243)
posted 2 minutes ago
comment by Hector (U3606)
posted 3 minutes ago
comment by Sat Nav (U18243)
posted less than a minute ago
comment by Hector (U3606)
posted 1 minute ago
Bought Nat West Shares at 500p
Sold them for 200p
----------------------------------------------------------------------
Sorry what years were these? Oh yeah after the clusterfk that capitalists exposed us to.

Another great example, thanks
----------------------------------------------------------------------
*fixed

Still, 500p to 200p, great business there George.
----------------------------------------------------------------------
And what did socialists or communists achieve? Oh yeah 100s of millions of deaths….

I wonder which I would prefer….
----------------------------------------------------------------------
Ah yes, 1000s dieing a day of starvation across Scandinavia,

So hilariously uneducated about left wing economics
----------------------------------------------------------------------
So leftwing regimes haven’t caused hundreds of millions of deaths, no?
And capitalism has caused something worse than that?
Ok

comment by Sat Nav (U18243)
posted 26 seconds ago
comment by bmcl1987 (U14177)
posted 5 seconds ago
comment by Sat Nav (U18243)
posted 2 minutes ago
comment by Insert random username (U10647)
posted 43 seconds ago
comment by Sat Nav (U18243)
posted 3 minutes ago
comment by Hector (U3606)
posted 1 minute ago
Bought Nat West Shares at 500p
Sold them for 200p
----------------------------------------------------------------------
Sorry what years were these? Oh yeah after the clusterfk that Brown exposed us to.

Another great example, thanks
----------------------------------------------------------------------
Brown exposed us to?

Thatcher exposed us to, she deregulated the banking industry in the 80s.

Brown put regulations back in, after the crash, and Cameron took them out again.
----------------------------------------------------------------------
Thatcher in the 80s LMAO

Yes Brown exposed us to it with his light touch. You’re so wrong on this mate it’s almost funny.
----------------------------------------------------------------------
What banking regulations did Brown implement? At the very least he did not roll back the deregulation under thatcher when he became Chancellor, but I’ll admit I’m not entirely clear what additional deregulation in FS or banking that he enacted.
----------------------------------------------------------------------
Read into his light touch

https://www.google.co.uk/amp/s/amp.theguardian.com/business/2011/dec/12/labour-regulations-city-rbs-collapse
----------------------------------------------------------------------
Apologies. I may have misread, but I didn’t see anything about any banking or FS deregulation enacted by Brown/Blair? I appreciate it is the guardian so we can have a chuckle at editorial standards if you wish, but I interpreted the article per the above that they did nothing to introduce additional regulations until it was too late.

Just waiting for TBAB to fill a page crying about bashing the government followed by what about China and Islamic extremism

comment by bmcl1987 (U14177)
posted 1 minute ago
comment by Sat Nav (U18243)
posted 26 seconds ago
comment by bmcl1987 (U14177)
posted 5 seconds ago
comment by Sat Nav (U18243)
posted 2 minutes ago
comment by Insert random username (U10647)
posted 43 seconds ago
comment by Sat Nav (U18243)
posted 3 minutes ago
comment by Hector (U3606)
posted 1 minute ago
Bought Nat West Shares at 500p
Sold them for 200p
----------------------------------------------------------------------
Sorry what years were these? Oh yeah after the clusterfk that Brown exposed us to.

Another great example, thanks
----------------------------------------------------------------------
Brown exposed us to?

Thatcher exposed us to, she deregulated the banking industry in the 80s.

Brown put regulations back in, after the crash, and Cameron took them out again.
----------------------------------------------------------------------
Thatcher in the 80s LMAO

Yes Brown exposed us to it with his light touch. You’re so wrong on this mate it’s almost funny.
----------------------------------------------------------------------
What banking regulations did Brown implement? At the very least he did not roll back the deregulation under thatcher when he became Chancellor, but I’ll admit I’m not entirely clear what additional deregulation in FS or banking that he enacted.
----------------------------------------------------------------------
Read into his light touch

https://www.google.co.uk/amp/s/amp.theguardian.com/business/2011/dec/12/labour-regulations-city-rbs-collapse
----------------------------------------------------------------------
Apologies. I may have misread, but I didn’t see anything about any banking or FS deregulation enacted by Brown/Blair? I appreciate it is the guardian so we can have a chuckle at editorial standards if you wish, but I interpreted the article per the above that they did nothing to introduce additional regulations until it was too late.


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Hence light touch

Comment deleted by Site Moderator

https://www.personneltoday.com/hr/chancellor-to-reveal-details-of-light-touch-regulation/

It don’t take my word for it

Here’s GB himself

https://www.google.co.uk/amp/s/www.bbc.co.uk/news/business-13032013.amp

comment by Sat Nav (U18243)
posted 6 minutes ago
comment by bmcl1987 (U14177)
posted 5 seconds ago
comment by Sat Nav (U18243)
posted 2 minutes ago
comment by Insert random username (U10647)
posted 43 seconds ago
comment by Sat Nav (U18243)
posted 3 minutes ago
comment by Hector (U3606)
posted 1 minute ago
Bought Nat West Shares at 500p
Sold them for 200p
----------------------------------------------------------------------
Sorry what years were these? Oh yeah after the clusterfk that Brown exposed us to.

Another great example, thanks
----------------------------------------------------------------------
Brown exposed us to?

Thatcher exposed us to, she deregulated the banking industry in the 80s.

Brown put regulations back in, after the crash, and Cameron took them out again.
----------------------------------------------------------------------
Thatcher in the 80s LMAO

Yes Brown exposed us to it with his light touch. You’re so wrong on this mate it’s almost funny.
----------------------------------------------------------------------
What banking regulations did Brown implement? At the very least he did not roll back the deregulation under thatcher when he became Chancellor, but I’ll admit I’m not entirely clear what additional deregulation in FS or banking that he enacted.
----------------------------------------------------------------------
Read into his light touch

https://www.google.co.uk/amp/s/amp.theguardian.com/business/2011/dec/12/labour-regulations-city-rbs-collapse
----------------------------------------------------------------------
“ Ultimately though, Turner said, the blame lay with the board of the bank, which was bailed out with £45bn of taxpayers' money in 2008 after being kept afloat with emergency cash handouts from the Bank of England. The report says "multiple poor decisions" led to the bailout after RBS took a "gamble" on buying Dutch bank ABN Amro at the height of the 2007 credit crunch.“

*but

Comment deleted by Site Moderator

Comment deleted by Site Moderator

comment by Constantinople (U11781)
posted 12 minutes ago
Keir Starmer has told shadow cabinet he is putting three rule changes to TULO:
- a return to the electoral college for leadership elections
- need for 1/2 TU and 1/2 members for triggering MPs
- cutting the overall number of motions debated on Labour conference floor

https://twitter.com/rewearmouth/status/1440271926321049607?s=21

What are people’s thoughts on this?
----------------------------------------------------------------------
Makes me angry, he's removing democracy from the party in the same way Blair did, to ensure the party would ever be governed by Blairites.

They in fact rejected a binding unite vote on this subject recently, that demanded labour remain open in its voting processes. This will likely drive unions away

Can only comment from my own experience but following the the Financial Services and Markets Act 2000, and creation of the FCA, (replaced the FSA in 2005) the banking sector became (and has become) one of the most stringently regulated sectors in the country.

https://www.google.com/amp/s/www.bbc.co.uk/news/business-37751599.amp

An article about Thatcher laying the grounds for 2008 despite being warned by her advisors

comment by bmcl1987 (U14177)
posted 8 minutes ago
comment by Sat Nav (U18243)
posted 26 seconds ago
comment by bmcl1987 (U14177)
posted 5 seconds ago
comment by Sat Nav (U18243)
posted 2 minutes ago
comment by Insert random username (U10647)
posted 43 seconds ago
comment by Sat Nav (U18243)
posted 3 minutes ago
comment by Hector (U3606)
posted 1 minute ago
Bought Nat West Shares at 500p
Sold them for 200p
----------------------------------------------------------------------
Sorry what years were these? Oh yeah after the clusterfk that Brown exposed us to.

Another great example, thanks
----------------------------------------------------------------------
Brown exposed us to?

Thatcher exposed us to, she deregulated the banking industry in the 80s.

Brown put regulations back in, after the crash, and Cameron took them out again.
----------------------------------------------------------------------
Thatcher in the 80s LMAO

Yes Brown exposed us to it with his light touch. You’re so wrong on this mate it’s almost funny.
----------------------------------------------------------------------
What banking regulations did Brown implement? At the very least he did not roll back the deregulation under thatcher when he became Chancellor, but I’ll admit I’m not entirely clear what additional deregulation in FS or banking that he enacted.
----------------------------------------------------------------------
Read into his light touch

https://www.google.co.uk/amp/s/amp.theguardian.com/business/2011/dec/12/labour-regulations-city-rbs-collapse
----------------------------------------------------------------------
Apologies. I may have misread, but I didn’t see anything about any banking or FS deregulation enacted by Brown/Blair? I appreciate it is the guardian so we can have a chuckle at editorial standards if you wish, but I interpreted the article per the above that they did nothing to introduce additional regulations until it was too late.


----------------------------------------------------------------------
great last paragraph

"Shadow Treasury minister Chris Leslie said Labour had already apologised for not being "tough enough". He added: "When will David Cameron and George Osborne say sorry for calling for less regulation and complaining that Labour was too tough?""

comment by Insert random username (U10647)
posted 25 seconds ago
https://www.google.com/amp/s/www.bbc.co.uk/news/business-37751599.amp

An article about Thatcher laying the grounds for 2008 despite being warned by her advisors
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Mate it’s too far apart. There was twenty years of government since Thatcher finished when this is all came crashing down.

comment by What would Stuart Pearce do? McDonald’s Milkshake connoisseur (U3126)
posted 1 minute ago
Can only comment from my own experience but following the the Financial Services and Markets Act 2000, and creation of the FCA, (replaced the FSA in 2005) the banking sector became (and has become) one of the most stringently regulated sectors in the country.
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Yes now, but obviously it wasn’t at all pre-2008

I'm not sure what regulation could have been enacted to protect the City and UK as a whole from the global financial crises tbh but Brown acknowledges his focus on individual banks being bad eggs doesn't work when the system was broken.

Babel: The Breaking of the Banks: A Chronicle of the Markets, 1998-2009 https://smile.amazon.co.uk/dp/189916393X/ref=cm_sw_r_apan_glt_fabc_85JCJRVPR6WX1GNCW62M

That's an interesting read that gives real insight into the problems that lead to 2008 for anyone interested 👆

It's a collection of essays based on his communication to clients in that period (very conservative investment, predicting a collapse that happened years too late to keep some large clients)

comment by Just Shoot (U10408)
posted 15 minutes ago
comment by AFCISMYTEAM (U14931)
posted 40 minutes ago
comment by Just Shoot (U10408)
posted 1 minute ago
comment by Hector (U3606)
posted 21 minutes ago
comment by thebluebellsarablue (U9292)
posted 44 minutes ago
Kriss Donald, was the name of the innocent white 15 yr old in Lilybank Glasgow, abducted, tortured and burned to death by 5 racist Pakistani men in 2004, out to get any white kid they came across.

I never even knew or heard his name before.
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It was well reported at the time as has the lunatic behaviour of Baldy behind bars.
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The BBC has been criticised by some viewers because the case featured on national news only three times and the first trial was later largely confined to regional Scottish bulletins including the verdict itself. Although admitting that the BBC had "got it wrong", the organisation's Head of Newsgathering, Fran Unsworth, largely rejected the suggestion that Donald's race played a part in the lack of reportage, instead claiming it was mostly a product of "Scottish blindness". In preference to reporting the verdict the organisation found the time to report the opening of a new arts centre in Gateshead in its running order. The BBC again faced criticisms for its failure to cover the second trial in its main bulletins, waiting until day 18 to mention the issue and Peter Horrocks of the BBC apologised for the organisation's further failings.

Peter Fahy, spokesman of race issues for the Association of Chief Police Officers, noted that the media as a whole tended to under-report the racist murders of white people, stating "it was a fact that it was harder to get the media interested where murder victims were young white men".

The British National Party was accused by Scotland's First Minister and Labour Party MSP Jack McConnell among others of seeking to exploit the case for political advantage, and an open letter signed by MSPs, trades unionists, and community leaders, condemned the BNP's plans to stage a visit to Pollokshields. The group did hold a rally in the area, leading to accusations that it was fuelling racial tension.

Taken from wiki.

Take from that what you will. 🤷‍♂️
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Basically, it happened but you/some people didn't feel that it had enough coverage...because he was White? But you heard of it, read about it and the guys have been sentenced, so it must have been covered by the media..no?
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I have no bones in this, as alluded to in my final sentence. Sounds like you have the issue, I just gave what wiki has.
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Maybe I shouldn't have said YOU, as I wasn't sure u had no bones in it. I have no issue there at all, I already described it as disgusting.

comment by Sat Nav (U18243)
posted 1 minute ago
https://www.personneltoday.com/hr/chancellor-to-reveal-details-of-light-touch-regulation/

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Did he implement though? So, I’ll skip to the end of this discussion from my perspective. In effect the FSA as the supervisory body “separate” from both government and a newly independent Bank of England was sort of equipped well enough to operate, but in reality and in practice was understaffed and underfunded. Funding was based on fee levels collected from FS institutions and there’s an argument that this should have been significantly supplemented by Government. In terms of actual rules around banking practices these did not particularly change under brown, but the splitting of the BoE from the treasury and the intro of the FSA were done under brown.

The substance in terms of banking regulation impacting UK banks recently has been through primarily Basel and SOx, neither of which were UK specific, plus the introduction of “ring-fencing”. Ring fencing of retail and investment banking practices did not exist throughout the brown years but I think (98% sure) that there had never been a seperation throughout uk banking history. This differs from the US where they had glass seegal.

The role lf the regulators in banking and FS were drastically changed following the financial crisis with the introduction lf the PRA and FCA.