John it was the banks that did the lending that caused the sub prime problem.

It was the banks greed……….

If you don’t believe me…….try the head of the Bank of England……

Still I’m sure you know much more than him…….(I still have some basic Economics text books in the loft I think……Perhaps I could send you one ?)

You know Andy I’m not that far from you.

Do you brew up for Republicans who promote the planned mixed economy ?

So David…..you don’t think the Queen should be neutral. Didn’t we have a civil war once over that kind of thing?

Thatcher’s Government changed all the rules on lending. Then she sold off the council houses and failed to build replacements. Simple supply and demand then took over and the house price boom occurred. Crazy.

Yep you are right all those mortgages should not have been given…..but that’s is free market economics for you.

It was of course the banks that wanted to lend the money to make a fast buck.

Are you saying that free market economics should not have applied when it came to lending…..if so I agree.

Well John…..it was the banks and major finance houses such as fanny mae and freddy mack that brought about the crash. Through the sub prime markets.

They brought every western economy close to destruction

They were practising free market economics per the Thatcher model.

It was Thatcher like Economics and greed that brought the crash.

If it wasn’t the banks and finance houses then who was it ?

Don’t tell me …… Gordon Brown single handed, brought down the economies of Japan, the USA, the entire Euro zone……yep thought so….

Hey Andy

Why don’t you do a life coach DVD……all help appreciated.

So Blair was not to the left politically…..he won three elections didn’t he ?

Scargil was Thatcher’s best weapon. He was a complete and utter fool. Talk about a Douglas Haig impersonation……..

Very interesting article in todays Times (Monday).

He states (Farage) that if Thatcher’s policies had remained UKIP would never have evolved.

Helmut Kohl wrote a fascinating article recently (also in the Times) about Thatcher’s, shall we say, discomfort for with a unified Germany……she really did not want it according to him.

I am not relating my own views here…..just some interesting articles, I read and found fasinating.

“Nine elderly people died every hour from cold-related illnesses last winter against a background of soaring energy bills.

Official figures show the number of deaths linked to cold over the four-month period reached 25,400 in England and Wales, plus 2,760 in Scotland.”

This Charlie is quoted from…..the Daily Mail….

David……..my prose was not “sweeping generalisation”. Far from it.

I could spend many hours and thousands of words putting my argument for Maynard against Milton. But time is tight.

I really don’t understand your argument about the Queen at all.

She has a duty to remain detached from politics however old she is and never show bias.

As far your argument about the old public utilities…….I wonder how many
died this winter because they could not afford the heating bills. That all goes
to pay huge fact cat payments to the utility board’s and shareholder dividends and who fail to invest properly in the future.

Yep that’s the unacceptable face of the free market….people die.

Oh and Bruce
regarding “Thatcherism brought an end to government owned industry, and ushered in the global economy we have today – with all that entails.”
That will be the global economy that crashed world wide in 2008. Bringing the whole of the western world to its economic knees. Which it presently is unable to recover from, indeed might never.

The only difference between now and the 1930’s is that in the 1930’s the western worlds economies crashed in an attempt to save the gold standard. It now all hangs on Government bonds. If that fails……and it might…..its game over.

The only thing that eventually saved world economies following the 1930’s was world war two and that cost 80 million lives.

Next time it will be the planet.

Completely unrestricted free market economics do not work due to excessive greed. Which is why the banks failed.

Thatchers Government released the banks from all restrictions. She let the genie out of the bottle.

Blair and Brown should have tried to put it back in but by then the City was the only industry we had left (thanks Margaret) and they could not afford to do so.

Oh and for the record Ed Balls scares me senseless…………….