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Post by MartinB on Nov 20, 2010 20:38:14 GMT 1
You have missed the best one. They should make up their minds whether they are responsible for the actions of Bankers or not. According to the Labour Party (and a number of people on here) the troubles of the Country are 100% down to nasty horrible Bankers and nothing to do with the Labour Party. So please don't go taking the credit for low interest rates which are set by Bankers. You can't have it both ways. By the way Lord Young what a ****. Scoffing at the idea that bankers were in some way to blame for the ,er, banking crisis? Presumably we should all be blaming public sector workers as per the official Con Dem narrative. As I understand it the banking crisis had its roots in the sub-prime mortgage crash in the United States and the way banks traded packages of debt between themselves. I agree Labour can't wash their hands of their failure to regulate the banks but how would we have been better positioned to deal with the banking crisis had the Tories been in power? I find it difficult to believe a party whose leader proclaimed the world economy was 'more stable than in a generation' as recently as 2007 would have served us any better than Labour. By the way, surely you jest about us ending up with 'something different this time'? We've got an out and out small-state, Tory government. It's surely only a matter of time before Clegg becomes a Tory in name as well as deed, because his party is finished in the long term. You have just proved the point. The state of the ecomony is not 100% related to the Banking crisis. The story of Joesph and his dream coat come to mind. Unfortunately at times during teh last 13 years we had a chance to prepare for bad times ahead and what did we do but spend, spend, spend
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Post by albionshrew on Nov 20, 2010 23:25:09 GMT 1
It's surely only a matter of time before Clegg becomes a Tory in name as well as deed, because his party is finished in the long term. Hmmm... "Better Red than Clegg" some may say. Are the Libs finished? If so who benefits? I always thought that the Liberals were closer to Labour than the Conservatives. I can't wait for the next election.
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Post by eclipsechaser on Nov 21, 2010 21:36:38 GMT 1
Millions of mortgage payers of which my neighbour is affected by the variable Bank of England rate have never been so better off !
Instead of paying £ 550 a month he is only paying £ 60 and pocketing the rest .
He is rolling in it !
Thats who Lord Young was referring to .
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Post by saladsaladsalad on Nov 21, 2010 21:44:34 GMT 1
Millions of mortgage payers of which my neighbour is affected by the variable Bank of England rate have never been so better off ! Instead of paying £ 550 a month he is only paying £ 60 and pocketing the rest . He is rolling in it ! Thats who Lord Young was referring to . £550 to £60? cobblers, unless he also switched from repayment to interest only.
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Post by eclipsechaser on Nov 21, 2010 21:49:06 GMT 1
He was already on interest only .
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Post by Jonah on Nov 21, 2010 21:51:39 GMT 1
Wet lettuce that is exactly who Lord Young is talking about. Please do some research and then comment
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Post by saladsaladsalad on Nov 21, 2010 22:09:29 GMT 1
Wet lettuce that is exactly who Lord Young is talking about. Please do some research and then comment smelly cnut, show me how a mortgage can go from £550 to £60 even with recent interest rate drops. Here's a link to help you in the impossible task, numbnuts www.bbc.co.uk/homes/property/mortgagecalculator.shtml
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Post by shrewinjapan on Nov 21, 2010 22:21:05 GMT 1
550 quid to 60 quid? I smell bovine excrement!
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