Jeremy Corbyn

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Hrolf The Ganger 30 Nov 16 2.41pm
Originally posted by OknotOK Not entirely. Lehman was allowed to go to the wall - a deliberate choice given it was deemed to not be too systematically important. Comparisons to Iceland are mostly spurious given the size etc but there are some lessons to be drawn from the way they treated the banking sector. I've read through the stress testing report and the scenario looks like a step change in severity given previous incarnations (and I've worked on stress testing at some banks in previous years). It would be a truly global and severe recession that would create the scenario they have used so some banks failing isn't surprising. But then RBS coming out worst is also not a surprise and their share price reflects that. Further cost cutting and asset run offs have to be the only viable option for them to build up their £2bn shortfall given the bank continues to be loss making. In fact I heard from a friend who works there that quite a few were put at risk in the last week, plus most of the old RCR division are going either by the end of the year or end of Q1 next. The point is that you can't really politicise this. A decision was taken in each case, no doubt after consultation. Any party in government would have received the same advise and probably taken the same decision.
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Hrolf The Ganger

30 Nov 16 2.41pm

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Originally posted by OknotOK

Not entirely. Lehman was allowed to go to the wall - a deliberate choice given it was deemed to not be too systematically important.

Comparisons to Iceland are mostly spurious given the size etc but there are some lessons to be drawn from the way they treated the banking sector.

I've read through the stress testing report and the scenario looks like a step change in severity given previous incarnations (and I've worked on stress testing at some banks in previous years). It would be a truly global and severe recession that would create the scenario they have used so some banks failing isn't surprising. But then RBS coming out worst is also not a surprise and their share price reflects that.

Further cost cutting and asset run offs have to be the only viable option for them to build up their £2bn shortfall given the bank continues to be loss making.

In fact I heard from a friend who works there that quite a few were put at risk in the last week, plus most of the old RCR division are going either by the end of the year or end of Q1 next.

The point is that you can't really politicise this.
A decision was taken in each case, no doubt after consultation. Any party in government would have received the same advise and probably taken the same decision.

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OknotOK Cockfosters, London 30 Nov 16 3.34pm
Originally posted by Hrolf The Ganger The point is that you can't really politicise this. A decision was taken in each case, no doubt after consultation. Any party in government would have received the same advise and probably taken the same decision. Maybe so. But Hoof did exactly that by stating that "Brown fcuked up bigtime" re Lloyds/HBOS. And it was still a political judgement. Do you think Corbyn would have bailed out the banks had he been in power (however unlikely)? "It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show
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OknotOK

Cockfosters, London 30 Nov 16 3.34pm

Originally posted by Hrolf The Ganger

Maybe so. But Hoof did exactly that by stating that "Brown fcuked up bigtime" re Lloyds/HBOS.

And it was still a political judgement. Do you think Corbyn would have bailed out the banks had he been in power (however unlikely)?

"It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show

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.TUX. 30 Nov 16 4.55pm
Originally posted by Hrolf The Ganger Well the experts disagreed in both the US and Britain. Banks lend money and without that people can't spend. That's bad for an already struggling economy. Forgive me if I don't take the HOL expertise as seriously as you would like. If they are that bloody good then why, once again, do we find ourselves in the same bloody situation today Sherlock? Because they toe the line, that's why. Fk me mate, it's hardly quantum physics! As for banks lending money, the correlation between QE funds and the rise in stock-market levels are way too close to be just a coincidence (I'd post a link but as you spend soooooooo much time on HOL it'd be a waste of time), this is where OUR money has gone, NOT to the man on the street (us!)......who will be paying back this money. I honestly thought you were better than this. You live and learn. Buy Litecoin.
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.TUX.

30 Nov 16 4.55pm

Originally posted by Hrolf The Ganger

Well the experts disagreed in both the US and Britain.

Banks lend money and without that people can't spend. That's bad for an already struggling economy. Forgive me if I don't take the HOL expertise as seriously as you would like.

If they are that bloody good then why, once again, do we find ourselves in the same bloody situation today Sherlock? Because they toe the line, that's why. Fk me mate, it's hardly quantum physics!
As for banks lending money, the correlation between QE funds and the rise in stock-market levels are way too close to be just a coincidence (I'd post a link but as you spend soooooooo much time on HOL it'd be a waste of time), this is where OUR money has gone, NOT to the man on the street (us!)......who will be paying back this money.

I honestly thought you were better than this. You live and learn.

Buy Litecoin.

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Stuk Top half 30 Nov 16 5.09pm
Originally posted by OknotOK Not entirely. Lehman was allowed to go to the wall - a deliberate choice given it was deemed to not be too systematically important. Comparisons to Iceland are mostly spurious given the size etc but there are some lessons to be drawn from the way they treated the banking sector. I've read through the stress testing report and the scenario looks like a step change in severity given previous incarnations (and I've worked on stress testing at some banks in previous years). It would be a truly global and severe recession that would create the scenario they have used so some banks failing isn't surprising. But then RBS coming out worst is also not a surprise and their share price reflects that. Further cost cutting and asset run offs have to be the only viable option for them to build up their £2bn shortfall given the bank continues to be loss making. In fact I heard from a friend who works there that quite a few were put at risk in the last week, plus most of the old RCR division are going either by the end of the year or end of Q1 next. Which was the case with Northern Rock. The new stress test is more like an end of days scenario than anything realistic it would seem. Optimistic as ever
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Stuk

Top half 30 Nov 16 5.09pm

Originally posted by OknotOK

Not entirely. Lehman was allowed to go to the wall - a deliberate choice given it was deemed to not be too systematically important.

Comparisons to Iceland are mostly spurious given the size etc but there are some lessons to be drawn from the way they treated the banking sector.

Further cost cutting and asset run offs have to be the only viable option for them to build up their £2bn shortfall given the bank continues to be loss making.

In fact I heard from a friend who works there that quite a few were put at risk in the last week, plus most of the old RCR division are going either by the end of the year or end of Q1 next.

Which was the case with Northern Rock.

The new stress test is more like an end of days scenario than anything realistic it would seem.

Optimistic as ever

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steeleye20 Online Croydon 30 Nov 16 5.20pm
Originally posted by .TUX. If they are that bloody good then why, once again, do we find ourselves in the same bloody situation today Sherlock? Because they toe the line, that's why. Fk me mate, it's hardly quantum physics! As for banks lending money, the correlation between QE funds and the rise in stock-market levels are way too close to be just a coincidence (I'd post a link but as you spend soooooooo much time on HOL it'd be a waste of time), this is where OUR money has gone, NOT to the man on the street (us!)......who will be paying back this money. I honestly thought you were better than this. You live and learn. 'experts' like the Bank of England for example we need closure with their independence.
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steeleye20 Online

Croydon 30 Nov 16 5.20pm

Originally posted by .TUX.

'experts' like the Bank of England for example we need closure with their independence.

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Hrolf The Ganger 01 Dec 16 12.12pm
Originally posted by .TUX. If they are that bloody good then why, once again, do we find ourselves in the same bloody situation today Sherlock? Because they toe the line, that's why. Fk me mate, it's hardly quantum physics! As for banks lending money, the correlation between QE funds and the rise in stock-market levels are way too close to be just a coincidence (I'd post a link but as you spend soooooooo much time on HOL it'd be a waste of time), this is where OUR money has gone, NOT to the man on the street (us!)......who will be paying back this money. I honestly thought you were better than this. You live and learn. Better than what? Of course they toe the line, it would be naive to think otherwise, but you are second guessing people who had the bigger picture. I would not be so foolish as to assume I know better. We can all have an opinion but if you think you are qualified to judge the decisions, then that's great.
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Hrolf The Ganger

01 Dec 16 12.12pm

Originally posted by .TUX.

If they are that bloody good then why, once again, do we find ourselves in the same bloody situation today Sherlock? Because they toe the line, that's why. Fk me mate, it's hardly quantum physics!
As for banks lending money, the correlation between QE funds and the rise in stock-market levels are way too close to be just a coincidence (I'd post a link but as you spend soooooooo much time on HOL it'd be a waste of time), this is where OUR money has gone, NOT to the man on the street (us!)......who will be paying back this money.

I honestly thought you were better than this. You live and learn.

Better than what?

Of course they toe the line, it would be naive to think otherwise, but you are second guessing people who had the bigger picture. I would not be so foolish as to assume I know better. We can all have an opinion but if you think you are qualified to judge the decisions, then that's great.

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Hoof Hearted 03 Dec 16 10.25am
[Link] #forallhisflaws This campaign made me laugh.... missed it initially, but HIGNFY highlighted it last night. Some of the tweets have been hilarious.
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Hoof Hearted 03 Dec 16 10.25am

[Link]

#forallhisflaws

This campaign made me laugh.... missed it initially, but HIGNFY highlighted it last night.

Some of the tweets have been hilarious.

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johnfirewall 03 Dec 16 10.51am
Originally posted by Hoof Hearted [Link] #forallhisflaws This campaign made me laugh.... missed it initially, but HIGNFY highlighted it last night. Some of the tweets have been hilarious. Brilliant. It does show how narrow minded certain people are. Quote “it’s quite difficult” to get past allegations of brutality made against Fidel Castro. Fcuking hell, you lot can't even get past someone's dad having offshore investments. Quote Indefensible human rights abuses but Castro created society equality, free health & education,international solidarity despite USA siege Seems quite sensible in comparison. Edited by johnfirewall (03 Dec 2016 10.52am)
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johnfirewall

03 Dec 16 10.51am

Originally posted by Hoof Hearted

[Link]

#forallhisflaws

This campaign made me laugh.... missed it initially, but HIGNFY highlighted it last night.

Some of the tweets have been hilarious.

Brilliant.

It does show how narrow minded certain people are.

Quote
“it’s quite difficult” to get past allegations of brutality made against Fidel Castro.

Fcuking hell, you lot can't even get past someone's dad having offshore investments.

Quote
Indefensible human rights abuses but Castro created society equality, free health & education,international solidarity despite USA siege

Seems quite sensible in comparison.

Edited by johnfirewall (03 Dec 2016 10.52am)

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Hrolf The Ganger 03 Dec 16 10.57am
Originally posted by Hoof Hearted [Link] #forallhisflaws This campaign made me laugh.... missed it initially, but HIGNFY highlighted it last night. Some of the tweets have been hilarious. We all know what Corbyn is. No surprise at all that he would praise Castro. That's why he will never be Prime Minister. He and his little band of half wit Marxist supporters and the hangers on like Dianne Abbott are to be thanked. They will keep Labour out of power for decades.
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Hrolf The Ganger

03 Dec 16 10.57am

Originally posted by Hoof Hearted

[Link]

#forallhisflaws

This campaign made me laugh.... missed it initially, but HIGNFY highlighted it last night.

Some of the tweets have been hilarious.

We all know what Corbyn is. No surprise at all that he would praise Castro. That's why he will never be Prime Minister.
He and his little band of half wit Marxist supporters and the hangers on like Dianne Abbott are to be thanked. They will keep Labour out of power for decades.

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legaleagle 03 Dec 16 12.47pm
Yup,far better to have a PM like Maggie who would praise a true humanitarian and world statesman like Allende,no?
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legaleagle

03 Dec 16 12.47pm

Yup,far better to have a PM like Maggie who would praise a true humanitarian and world statesman like Allende,no?

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Hrolf The Ganger 03 Dec 16 1.31pm
Originally posted by legaleagle Yup,far better to have a PM like Maggie who would praise a true humanitarian and world statesman like Allende,no? Sometimes you have to make diplomatic noises toward scumbags. Corbyn had no need to say anything positive about Castro other than to give a nod to his far left support. You know, the type who keep you as leader at the expense of the party.
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Hrolf The Ganger

03 Dec 16 1.31pm

Originally posted by legaleagle

Yup,far better to have a PM like Maggie who would praise a true humanitarian and world statesman like Allende,no?

Sometimes you have to make diplomatic noises toward scumbags.
Corbyn had no need to say anything positive about Castro other than to give a nod to his far left support.
You know, the type who keep you as leader at the expense of the party.

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legaleagle 03 Dec 16 1.46pm
Yes,but Maggie went somewhat beyond making "diplomatic noises" to the scumbag in question
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legaleagle

03 Dec 16 1.46pm

Yes,but Maggie went somewhat beyond making "diplomatic noises" to the scumbag in question

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