Archive for May, 2009
Posted by michael on May 9, 2009
When ‘Fred the Shred’ got his company pension when the bank he managed almost collapsed from huge debts, Gordon Brown promised that ‘he would not keep his pension’.
Not only has Sir Fred Goodwin still got his pension, but the bank is still promising huge bonuses to certain staff (according to the Mail – may 9th).
Now the government, acting as our agent, holds 70% of the shares. Yet they seem totally incapable of managing to do what they said that they wanted to do!
Is this just another example of the incompetence of this government?
Posted in Blogroll, Conservatives, credit crunch, economy, Europe, financial, recession, tax, UK Economy | Tagged: abuse, bank, banker, bankers, brown, credit crunch, debt, economy, gordon brown, government, greedy, labour, recession | Leave a Comment »
Posted by michael on May 7, 2009
I have been listening to Harriet Harman talking about the mess of MPs expense claims.
I would guess that all the parties will have their fair share of people treating the expenses system as a goldmine and claiming as much as they possibly can.
But Harman was again repeating all the claims about how Gordon Brown and New Labour were going change the system and make it work better in the future.
But if the press had not picked up on these excessive expenses claims by the MPs then I would guess Gordon Brown and New Labour would not be doing anything to fix the system!
But this seems to be all Gordon Brown and New Labour are doing now! So many of their policies seem to need fixing now simply because they just don’t work!!
Posted in Blogroll, Conservatives, credit crunch, economy, labour, recession, UK Economy, Uncategorized | Tagged: brown, conservative, cost of living, credit crunch, economy, expenses, gordon brown, government, labour, recession, UK Economy | Leave a Comment »
Posted by michael on May 6, 2009
I listened to Brown speaking at prime minister question time today.
He talked about all the money he is spending, and all the money that he is planning to spend.
Surely every pound that Brown spends on our behalf is now adding to our debt levels?
We have huge debt levels in the UK now. It will take a generation of taxpayers to clear these debts. What a burden for the children of today who will be paying back the debt through their working life!
Listening to the prime minister you would not believe that the UK was in financial meltdown and the worst financial state in living memory.
He is clearly in denial!
And he clearly will not acknowldedge that he, more than any other person, is repsonsible for the financial mess that the country is in!
Posted in benefits, Blogroll, Conservatives, council tax, credit crunch, debt, economy, financial, labour, recession, tax, UK Economy, Uncategorized | Tagged: borrowing, brown, cameron, conservative, credit crunch, david cameron, debt, disabled, economy, election, elections, families, ghurka, gordon brown, government, greedy, labour, recession, UK Economy | 2 Comments »
Posted by michael on May 2, 2009
The Treasury committee, in its second report on the banking crisis, has said that it had been caused largely by the banks’ own reckless behaviour.
They also warned that it would effect people ‘for generations‘!
Mr. McFall said “Bankers have made an astonishing mess of the financial system”. The culture within parts of British banking has increasingly been one of risk-taking, leading to the meltdown that we have witnessed”.
The MPs said they favoured greater regulation to protect bank depositors.
Why have they said this? Surely if the government had actually fulfilled their duty in ensuring that the current regulations were followed, then this banking crisis would probably not have happened.
I understand that the Spanish banks were not allowed to get involved in the orgy of profiteering from the substandard loans that other banks were making money from. As a result thay have been able to benefit from buying the profitable bits of failed banks.
This ‘get rich’ feeding orgy by the banks was allowed to happen in the UK because because the UK government, with Brown as chancellor and then prime minister, failed in their duty to regulate the financial system in a proper manner.
Posted in Blogroll, Conservatives, credit crunch, debt, economy, Euopean Union, financial, labour, Lib Dems, recession, tax, UK Economy, Uncategorized | Tagged: bank, banker, bankers, banking, banks, brown, credit crunch, debt, economy, government, recession, repossession, UK Economy | 1 Comment »
