The old c wing 10:17 Tue Jul 3
Ed Milliband
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Without wishing to get too overly political, surely this man is not electable?
He looks and sounds like he's got a small rodent moving around his mouth.
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Replies - Newest Posts First ( Show In Chronological Order)
Side of Ham
8:11 Thu Jul 5
Re: Ed Milliband
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All this shit is about individuals keeping power at any cost and covering over fuck ups as best they can to hold on. Those who oppose are just trying to grab the power back for themselves and their cronies and will make the same fuck ups and be in for the same dodgy dealings, as they ALL come from the same stable and have crossed over in dealings in the past.
Legalised corruption with some stage schooling thrown in and the geek look is fashionable at the moment.
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southbankbornnbred
7:43 Thu Jul 5
Re: Ed Milliband
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While we're on the issue of banking, then, it should really be pointed out that no particular party should be blamed above others - they all wanted to adopt the flawed IFRS accounting standards that massively over-stated the banks' capital positions and led to the collapses in the first place.
The bigger scandal was the co-ordinated cover-up by the Bank of England in the aftermath. For three years after the crashes of 2008, Mervyn King publicly stated that Britain's banking crisis was a liquidity problem when it was patently a capital problem. He's now changed his mind - surprise, surprise.
The IFRS standards - based, unsurprisingly, on the US model - were foist upon Europe by the EU as part of a global campaign to have them adopted, although France and other states managed to keep measuring banking capital more accurately.
Britain, the US, Iceland and Ireland adopted the IFRSA standards wholesale. Wonder if there's some sort of recent theme linking those countries and their banks...
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Willtell
7:35 Thu Jul 5
Re: Ed Milliband
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I agree. He's quick though. I've never seen any politician jump on so many band wagons so fast before.....
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HammerinThailand
7:26 Thu Jul 5
Re: Ed Milliband
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Failure to regulate, relaxing of regulations, under funding and under staffing supervisory bodies and some blind faith in a ridiculous notion that there is an invisible hand that regulates free markets have all contributed to the destruction of economies, dismantling of services and reduction of opportunity in the last 30 years.
However, some people have become very rich out of it and the distribution of wealth has turned back in favour of those at the top.
As Warren Buffet said. Class war is going on and my class are winning.
Who gives a shit about politicians they are just puppets controlled by the corporation owners and etc who also control the media and tell you want to think as well as trying to create hatred to other groups so nobody notices they are being serially raped every day
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Monk~koknee
3:01 Thu Jul 5
Re: Ed Milliband
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Any difference between regulate and supervise are open to inetrpretation. They are often used inter-changaebly.
In my mind, regulations are the rules. Supervision is the process for ensuring that the rules are adhered to.
It is governments that decide on the framework of regulation and (strangely) the Regulators whose main role is to supervise them (although this may also mean articulating them into a specific code of conduct.
The UK's approach for financial services for the past 30 years has been minimal and self-regulation. As the industry has become concentrated towards mammoth, global corporations, products have become more complex the rules have become more lax.
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SurfaceAgentX2Zero
1:59 Thu Jul 5
Re: Ed Milliband
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Regulation - Supervision
Look them up in a dictionary
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ray winstone
12:24 Thu Jul 5
Re: Ed Milliband
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After8 wrote...
Today Cameron found a line of attack against Labour, that they did nothing to stop the banks.
Yes, on the recommendation of the Tories, see below.....
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SHORTYHAMMER
12:15 Thu Jul 5
Re: Ed Milliband
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"RED ED" heaven forbid!!!
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alphaharps
12:03 Thu Jul 5
Re: Ed Milliband
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This from 2007
A report produced by the Conservative Party in 2007 – endorsed by Cameron – called ‘Freeing Britain to Compete‘ recommended that a vast range of regulations on the financial services industry should either be abolished or watered down, including money-laundering restrictions affecting banks and building societies. The report also saw “no need to continue to regulate mortgage provision“, saying it is the lender, not the client, who takes the risk.
Here are a few gems – direct quotes – taken from the report:
The (Labour) government claims that this regulation is all necessary. They seem to believe that without it banks could steal our money ……………
We need to make it more difficult for ministers to regulate, and we need to give the critics of regulation more opportunity to make their case against specific new proposals………
We recommend deregulating venture capital fund raising, and investment for professional investors………
A Conservative government should relax banking regulation, allowing a new breed of venture/micro-credit institutions…………….
Competition is the customers’ main ally. It is competition which keeps the bank honest ……………………
We see no need to continue to regulate the provision of mortgage finance, as it is the lending institutions rather than the client taking the risk………..
Our aim is to liberate the economy from the burden of unnecessary regulations……………
Before imposing traditional ‘heavy’ regulation, government should always consider whether the ends could be achieved by less burdensome means, such as through competition, incentive schemes, or self-regulation…….
The regulatory burden should be measured and reduced year on year…………
Greater use should be made of “codes of practice” rather than direct regulation………..
From its first days in office, a Conservative government should challenge the public and press assumptions that encourage excessive regulation, and explain the likely effects of and reasons for its regulatory reforms………
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alphaharps
12:00 Thu Jul 5
Re: Ed Milliband
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It's mad the Tories on here are being so one eyed. Trawl the Internet , Cameron and co are as culpable as the last Labour govt. As HPFL says they wanted and still want less regulation of the banks
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HammerPassionForLife
11:40 Wed Jul 4
Re: Ed Milliband
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Cameron must have forgotten that the two years between his election as Conservative Party leader and the collapse of Northern Rock he and his Shadow Chalncellor were calling for less regulation of the banks in order for Britain to compete with the Ireland's of this world.
Like I have said before, the man's judgement is woeful.
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After8
11:11 Wed Jul 4
Re: Ed Milliband
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Ray I actually thought today he missed a chance. He was awful and his hand wavering was weird. Sometimes he does better Cameron, sometimes it's a draw and sometimes Cameron beats him.
Today Cameron found a line of attack against Labour, that they did nothing to stop the banks.
The banking crisis inquiry is going to be as toxic for Labour as Leverson has been for the Tories.
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ray winstone
11:02 Wed Jul 4
Re: Ed Milliband
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I like the way he tore Cameron a new one at today's PMQ's, he's gradually getting better and finding his feet at the dispatch box.
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paradox
10:31 Wed Jul 4
Re: Ed Milliband
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Talks like he had (Ed's) balls in his mouth
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After8
10:22 Wed Jul 4
Re: Ed Milliband
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Fascinating that Bob Diamond has dragged the last government into the banking scandal.
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eusebiovic
10:16 Wed Jul 4
Re: Ed Milliband
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He's got the wrong trousers! And they've gone wrong!
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dicksie3
10:14 Wed Jul 4
Re: Ed Milliband
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I bet he was RANGERS!...
;-)
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ManorParkHammer
10:09 Wed Jul 4
Re: Ed Milliband
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The rude drunk Scot on the top floor spoke the least dicksie.
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dicksie3
10:06 Wed Jul 4
Re: Ed Milliband
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It must be a miracle to find anyone around there who can speak English...
JACK, SON!
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ManorParkHammer
10:02 Wed Jul 4
Re: Ed Milliband
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No one spoke English except for a 12 year old girl.
Very clever she was to. Must be burdened with lots of her parents shit.
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JACK1
10:02 Wed Jul 4
Re: Ed Milliband
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Evening Aftab and Dicksie
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