Gringo

Gordo says it's none of his fault. Media are saying it obviously is, because he made decisions both in terms of spending, borrowing and regulation which contributed. None of the commentators are saying they would have done something different, they are all pointing at his squeamish failure to accept that he got stuff wrong and to continue to repeat the mantras.

Saying someone got something wrong is not hindsight - it's a judgement on performance.

My post was related to the public view of brown's past record and the fact that the people and the media are increasingly tiring of the 'global phenonemen', 'started in usa', 'do nothing party' mantras trotted out after every challenge.

I think the brown bounce is definitely over. The economic commentators are beginning to look more at his past economic record and criticize the past more than his current actions. I think they have bored of been told this is all america's fault and some are now examining in more detail the current state of UK Plc. His appearance of radio 4 last week was very poor - as mentioned in the indie yesterday. He didn't answer questions just kept on repeating the mantra. Last friday (before the interview) the indie were saying: Going to be a lot more bad opinion polls, a lot more criticism and no chance of an election before april 2010.

Steve Winwood - Higher Love

Off to casino stick it all on 'Black' If it wins He can have his 1 mill back

There is a market for houses, but that's now what you said. There is a market for oranges, but I don't believe that "that is the root cause of this problem"

Thought it was markets?

So it wasn't the banks, wasn't the govts, wasn't the regulators - it was the markets. "Markets don't place no emphasis on nothing" People drove the profit motive. Markets are required for trading from wheat to oil, from CDSs to CDOs. So it's the markets fault, even thought it was the regulators that allowed it, the govts that wanted it, and the banks that committed the act. Markets don't demand, they faciliate the wishes of other actors. your comments make no sense.

a simple rule should be a;pplied that no high street bank can be an investment bank seperate the two in fact we have the model that should be adhered to, the building soceities Interesting response on two accounts. Firstly the point you are making has a hair breadth's relevance to tinkers point that you quoted. Secondly, doesn't this contradict the point from a couple of days ago that "the markets" were to blame for all of this.

Nope Privatisation alive and kicking

Passenger numbers increase - rail firms demand more money through above inflation fare rises to pay for new trains Passenger numbers stop increasing - rail firms demand more govt money with menaces to to prevent them laying off workers .Note. beardie banked over £25m last years for virgin trains, arriva £14m, firstgroup £30 odd million.

[table][row][col] Grade [col]Risk[col]Moody's [col]Standard & Poor's [row][col]Aaa [col]AAA [col]Investment [col]Lowest Risk [row][col]Aa [col]AA [col]Investment [col]Low Risk [row][col]A [col]A [col]Investment [col]Low Risk [row][col]Baa [col]BBB [col]Investment [col]Medium Risk [row][col]Ba, B [col]BB, B [col]Junk [col]High Risk [row][col]Caa/Ca/C [col]CCC/CC/C [col]Junk [col]Highest Risk [row][col]C [col]D [col]Junk [col]In Default[/table]

So it wasn't the banks, wasn't the govts, wasn't the regulators - it was the markets. "Markets don't place no emphasis on nothing" People drove the profit motive. Markets are required for trading from wheat to oil, from CDSs to CDOs.

So markets caused all this? Please elaborate on your theory?

We're all doomed Part 379b Credit rating tumbles Can't sell bonds Can't fund bailouts Banks crash Print more money Sterling falls further

Something about their eyes being bigger than their belly, perhaps.

Speaking of Henry Porter Henry Porter: Labour's attack on parliament invokes Henry VIII

Yes all of the banks - you were criticising barclays for not taking the govt shilling, but all the banks are kaput. End of times. Or maybe not. Current policies are deeping a digger trench. The incumbements say what is the alternative. Stop digging.

Even govt owned banks are fkd RBS are obviously saying that they are insolvent. I'm sure trading whilst insolvent is a criminal offence.

Maybe you missed this from page 17

Which shows that this is NOT a UK only issue Are there any people on here who have said they think that it is only this country in trouble? Just because they don't preface every sentence with "These problems, which started in the US by the way, ...."

Are there any people on here who have said they think that it is only this country in trouble? Just because they don't preface every sentence with "These problems, which started in the US by the way, ...."

NIESR estimates GDP fell by 1.5 percent